Sagging Swiss fintech fortunes in need of a facelift This content was published on Mar 6, 2021 Mar 6, 2021 Can Switzerland’s fintech sector make hay after coronavirus flattened last year’s crop?
More More UBS chief Hamers on track to be one of Europe’s best-paid bankers This content was published on Mar 5, 2021 Mar 5, 2021 UBS’s new chief executive Ralph Hamers will earn more at UBS than at his previous job despite bringing a legacy legal issue with him.
More More Greensill/Credit Suisse: finance dance This content was published on Mar 3, 2021 Mar 3, 2021 The finance company’s problems are a blow for the Swiss bank’s chief who is keen to wipe the slate clean.
More More Swiss National Bank profits cut in half by Covid This content was published on Mar 1, 2021 Mar 1, 2021 The SNB recorded a profit of CHF20.9 billion (almost $23 billion) in 2020, less than half of the CHF48.9 billion it made in 2019.
Old guard Swiss banks tackle money laundering with blockchain This content was published on Feb 27, 2021 Feb 27, 2021 Swiss private banks, with over 1,000 years of experience, turn to blockchain to solve a modern problem: anti-money laundering.
More More Former Swiss central banker throws in towel to lead OECD This content was published on Feb 26, 2021 Feb 26, 2021 Former Swiss National Bank (SNB) chairman, Philipp Hildebrand, has pulled out of the race to become the next secretary-general of the Organisation...
More More Pandemic pushes Swiss away from cash This content was published on Feb 23, 2021 Feb 23, 2021 Cash has lost its appeal among the Swiss population as the coronavirus pandemic led more people to pay by bank card, mobile app or online.
Can fintech start-up funding rebound from a lean year? This content was published on Feb 18, 2021 Feb 18, 2021 How much capital will be made available for growing Swiss fintech fims in 2021?
More More Swiss competition watchdog to investigate Mastercard This content was published on Feb 16, 2021 Feb 16, 2021 COMCO suspects the global credit card firm of using its position to prevent the rollout of a new, more uniform, ATM system across Switzerland.
More More Credit Suisse settles US litigation with $600 million payout This content was published on Feb 12, 2021 Feb 12, 2021 Swiss bank Credit Suisse has entered a multimillion-dollar agreement to settle litigation over property debt with US company MBIA Insurance.
More More Banking secrecy remains a business model for Swiss banks This content was published on Feb 5, 2021 Feb 5, 2021 Swiss officials have discovered CHF9 billion in embezzled Venezuelan public funds spread across hundreds of bank accounts.
More More Swiss shares can be traded again in the UK This content was published on Feb 3, 2021 Feb 3, 2021 The Swiss finance ministry has removed Britain from a list of countries requiring authorisation for its securities trading platforms.
More More Julius Baer: mast do better This content was published on Feb 2, 2021 Feb 2, 2021 It is unlikely to be smooth sailing for the Swiss private bank this year, reckons this Financial Times columnist.
Switzerland officially ushers in new blockchain finance era This content was published on Feb 1, 2021 Feb 1, 2021 The launch of digital asset laws in Switzerland on February 1 has been greeted with a welter of activity from the growing industry.
More More Switzerland and UK to push ahead with financial services deal This content was published on Jan 27, 2021 Jan 27, 2021 Britain and Switzerland will press on with plans to strike a trade deal for their vast financial services industries.
More More All quiet in Davos This content was published on Jan 25, 2021 Jan 25, 2021 No WEF, no Spengler Cup: Davos is suffering the consequences of Covid-19. But its inhabitants are keeping amazingly cool.
More More Swiss stock exchange benefited from EU ban, says SIX president This content was published on Jan 24, 2021 Jan 24, 2021 Thomas Wellauer also predicts benefits for its clients once Swiss shares begin trading again in London.
More More Top Swiss banker Collardi reprimanded by financial watchdog This content was published on Jan 21, 2021 Jan 21, 2021 Former Julius Bär CEO Boris Collardi has had his knuckles rapped following an investigation into money laundering.
More More Government wants to privatise PostFinance bank This content was published on Jan 20, 2021 Jan 20, 2021 The Swiss government wants the state-owned bank to become a full-fledged commercial enterprise.
More More Banker Benjamin de Rothschild dies This content was published on Jan 16, 2021 Jan 16, 2021 Banker Benjamin de Rothschild, chairman of Edmond de Rothschild Holding SA, has died at his home in Switzerland, it was announced on Saturday.
More More Building a digital assets corridor between Switzerland, Japan and Singapore This content was published on Jan 15, 2021 Jan 15, 2021 When Swiss and Asian expertise join hands to profit from emerging financial technologies, such as blockchain-inspired crypto assets.
More More UBS to close a sixth of its Swiss branches This content was published on Jan 12, 2021 Jan 12, 2021 The closures will affect 44 of the bank’s 239 branches in the country, mainly smaller ones, UBS confirmed on Tuesday. The bank plans to continue...
More More City of London to bring back Swiss stock trading following EU exit This content was published on Jan 9, 2021 Jan 9, 2021 The post-Brexit UK will bring trading in Swiss shares back to London, marking a split from EU policy on financial services.
More More Swiss National Bank expects profit of CHF21 billion for 2020 This content was published on Jan 8, 2021 Jan 8, 2021 The Swiss National Bank (SNB) expects to post an annual profit of CHF21 billion ($23 billion) for 2020, it said on Friday.
More More Swiss franc shrugs off being put on the naughty step by US This content was published on Jan 6, 2021 Jan 6, 2021 For many foreign exchange traders, the US Treasury’s decision to designate Switzerland as a currency manipulator comes too late.
More More Swiss return $200m as part of Stanford fraud case This content was published on Dec 28, 2020 Dec 28, 2020 In one of the biggest fraud cases in recent US economic history, Switzerland is handing over around $200 million to the US.
Conventional and crypto finance continue to merge This content was published on Dec 24, 2020 Dec 24, 2020 Swiss digital assets bank SEBA has rounded off a bumpy year with some festive cheer – announcing an extra CHF20 million in funding from both...
More More Credit Suisse told to tighten money-laundering compliance by US This content was published on Dec 23, 2020 Dec 23, 2020 Switzerland’s Credit Suisse bank has been ordered to strengthen measures it uses to combat money-laundering offences in the US.
More More Credit Suisse chief vows a ‘clean slate’ in 2021 This content was published on Dec 22, 2020 Dec 22, 2020 Thomas Gottstein seeks to move on from a year that began with corporate spying scandal and was punctuated by legacy issues.
More More Swiss central bank continues to vacuum up foreign currencies This content was published on Dec 18, 2020 Dec 18, 2020 The Swiss National Bank (SNB) spent almost CHF25 billion ($28 billion) in the foreign currency markets in the third quarter, raising its reserves...
More More Is Switzerland a currency manipulator? This content was published on Dec 17, 2020 Dec 17, 2020 The US move to brand Switzerland a currency manipulator has been met with denials from the Swiss National Bank. Fabio Canetg explains.
More More Attorney General charges Credit Suisse in Bulgarian money-laundering case This content was published on Dec 17, 2020 Dec 17, 2020 The Swiss prosecutor has indicted the country’s second-largest bank for failing to take sufficient measures to prevent money laundering by a...
More More Switzerland branded as currency manipulator by US This content was published on Dec 16, 2020 Dec 16, 2020 The US has labeled Switzerland as a currency manipulator in what may be one the final broadsides by the Trump administration to international...
More More Financier Joseph Safra, Brazil's richest man, dies at 82 This content was published on Dec 11, 2020 Dec 11, 2020 Lebanese-Brazilian financier Joseph Safra, whose banking empire spanned from Brazil to Switzerland, has died aged 82, bank J. Safra Sarasin said.
More More New UBS boss faces money laundering probe from old job This content was published on Dec 9, 2020 Dec 9, 2020 Ralph Hamers, who took over as CEO of Swiss bank UBS last month, is facing a criminal investigation in the Netherlands to determine his role in...
More More Credit Suisse director free to set up Hong Kong political group This content was published on Dec 8, 2020 Dec 8, 2020 Swiss bank Credit Suisse is remaining tight-lipped about one of its board members, Chinese citizen Shan Li, helping to set up a new politically...
More More Mediaset: the missing millions released by Switzerland This content was published on Dec 8, 2020 Dec 8, 2020 American tax authorities are looking for $140 million (CHF125 million) from the former slush funds of Italian company Mediaset.
More More Swiss digital stock exchange branches out into Singapore This content was published on Dec 8, 2020 Dec 8, 2020 The operator of Switzerland’s largest stock exchange, SIX Group, has set its sights on launching a trading platform for digital assets in Singapore.
Stakes rising: the business of creating cryptocurrencies This content was published on Dec 4, 2020 Dec 4, 2020 Creating new cryptocurrencies on blockhains has turned into a lucrative, but risky, new business line.
