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Swiss accounts Sackler family accused of transferring money to Switzerland

The family that owns OxyContin maker Purdue Pharma reportedly used Swiss and other hidden accounts to transfer $1 billion to themselves.

This content was published on September 14, 2019 10:41 AM Sep 14, 2019 - 10:41

Swiss Bankers Association Bank lobby group demands end to negative interest rates

The Swiss Bankers Association (SBA) says negative interest rates are contributing to financial and economic instability in Switzerland. The ...

This content was published on September 12, 2019 1:59 PM Sep 12, 2019 - 13:59

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Here are additional stories besides the main content

Facebook cryptocurrency Swiss regulator lays down law to Libra stablecoin project

The Swiss financial regulator says Facebook’s Libra cryptocurrency will need a license as a payment system as a bare minimum - but would likely ...

This content was published on September 11, 2019 11:39 AM Sep 11, 2019 - 11:39

Third party actors Court protects lawyer identities in tax data transfers

Third party actors, such a bank employees, lawyers and accountants, should not be named when Switzerland hands over tax data to other countries, ...

This content was published on September 10, 2019 3:31 PM Sep 10, 2019 - 15:31

Swiss financial marketplace Even with negative interest rates, Swiss banks post positive results

In spite of ups and downs in the stock market and negative interest rates, Swiss banks finished 2018 with an increase in operating income and profits.

By Armando Mombelli

Digital currencies Swiss central bank wary of Libra stablecoin impact

The Swiss National Bank (SNB) has warned that cryptocurrencies whose value is pegged to traditional money could undermine its ability to ensure ...

This content was published on September 5, 2019 7:03 PM Sep 5, 2019 - 19:03

Job cuts? UBS plots revamp of investment bank after performance falters

UBS executives are thought to be discussing hundreds of job cuts as they plan an investment bank overhaul.

This content was published on September 5, 2019 9:10 AM Sep 5, 2019 - 09:10

Crypto banks jig to the regulator's tune

The “will they, won’t they” Sygnum/SEBA crypto bank license saga also reveals a bit about the mechanics of the Swiss financial regulator.

By Matthew Allen

Deal or no deal Swiss battles with EU are ominous for UK fund managers

The Swiss have so far kept at bay a European Commission that is growling like an angry bear.

By Denis MacShane

Pioneering nation Cryptos/Switzerland: mountain pass

In the face of growing hostility, could Switzerland's dreams of becoming Crypto Nation crumble to dust?

By Lex, Financial Times

Warning shots Swiss banks move to cool investment property market

Swiss banks have agreed to tighten lending conditions for people buying property as an investment rather than to live in. This follows a warning ...

This content was published on August 28, 2019 2:28 PM Aug 28, 2019 - 14:28

SNB survey Swiss banks slow on the digital uptake

Swiss banks are turning their attention to providing more digital services for customers, but their progress has been slow. This may have ...

This content was published on August 27, 2019 2:36 PM Aug 27, 2019 - 14:36

Licenses awarded World’s first crypto banks seen as game changer for Switzerland

Crypto banks Sygnum and SEBA have convinced the Swiss regulator that crypto assets can have a place in the traditional financial sector.

By Matthew Allen

Blockchain finance Switzerland’s first crypto banks receive licences

The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”.

This content was published on August 26, 2019 12:59 PM Aug 26, 2019 - 12:59

Perfect storm Many Swiss private banks facing ‘extinction’

Switzerland’s vaunted private banking scene is tipped to shrink further with a third of banks struggling to make ends meet in the face of adverse ...

This content was published on August 22, 2019 2:34 PM Aug 22, 2019 - 14:34

Maerki Baumann Why a Swiss private bank is embracing blockchain

Swiss private bank Maerki Baumann is adopting a niche role of servicing blockchain companies and crypto enthusiasts.

By Matthew Allen

Abrupt departure ‘Strategic differences’ force departure of Swiss digital exchange boss

The CEO of Switzerland’s crypto assets stock exchange will step down just eight months into his job following disagreements on how the nascent ...

This content was published on August 14, 2019 9:34 AM Aug 14, 2019 - 09:34

Tax evasion Italy demands data on UBS banking clients

Italy has asked Switzerland to supply information on all Italian account holders at UBS bank in the years 2015 and 2016 to help it in the hunt for ...

This content was published on August 7, 2019 4:00 PM Aug 7, 2019 - 16:00

Swiss franc Currency war scare bolsters demand for havens

As tension between the US and China spill over to currency markets, Swiss and Japanese policymakers are coming under increasing pressure.

By Eva Szalay

wealth tax UBS plans negative interest rate for rich clients

UBS plans to levy a negative interest rate on wealthy clients who deposit more than CHF 2 million with its Swiss bank.

This content was published on July 31, 2019 7:17 PM Jul 31, 2019 - 19:17

Financial competition How Swiss banks are bouncing back

Banking secrecy is over, but Swiss banks are still managing to attract large flows of capital from other countries.

By Armando Mombelli