More Geneva art dealer said to owe CHF330 million in taxes This content was published on Aug 4, 2020 Aug 4, 2020 Geneva art dealer Yves Bouvier is said to have evaded CHF330 million ($360 million) in taxes.
More Swiss banks exceed expectations in weathering coronavirus crisis This content was published on Jul 30, 2020 Jul 30, 2020 The Swiss bank boasted its best second quarter results in a decade despite uncertainty surrounding the coronavirus pandemic.
More Climate activists take Swiss finance regulators to task This content was published on Jul 15, 2020 Jul 15, 2020 Environmental group Greenpeace has filed a formal protest against Switzerland’s financial regulators over their perceived failure to impose climate...
More Precious metal stablecoin plugs into gold frenzy This content was published on Jul 15, 2020 Jul 15, 2020 A Swiss stablecoin project aims to provide better access to gold and silver and an alternative to bank-printed money.
More Julius Baer to offer private equity to ultra-wealthy clients This content was published on Jul 13, 2020 Jul 13, 2020 The Swiss bank has poached a senior executive from rival wealth manager UBS to set up a division serving ultra-wealthy clients.
More Credit Suisse settles US shareholder lawsuit This content was published on Jul 11, 2020 Jul 11, 2020 Major Swiss bank Credit Suisse has agreed to pay $15.5 million (CHF14.6 million) to settle a dispute with shareholders in the United States...
More Doubts over EU regulations deal raise prospect of higher City costs This content was published on Jul 9, 2020 Jul 9, 2020 Just over a year ago, EU investment firms found they were no longer allowed to trade on the Swiss stock exchange. A harbinger for Britain?
More Impact investing: one eye on the wallet, the other on the planet This content was published on Jul 4, 2020 Jul 4, 2020 Swiss start-up Yova hopes to bring transparency to the growing impact investment sector.
More Switzerland retains ‘AAA’ credit rating despite coronavirus impact This content was published on Jul 4, 2020 Jul 4, 2020 The Alpine nation’s ‘stable outlook’ earned it the highest rating from the Fitch ratings agency.
More Swiss sustainable finance: world leader or wishful thinking? This content was published on Jul 2, 2020 Jul 2, 2020 Defining the exact nature of sustainable finance and measuring its performance is an ongoing challenge that needs to be solved.
More Hands-off regulation of sustainable finance draws mixed response This content was published on Jun 26, 2020 Jun 26, 2020 Extra rules will only be imposed on the sustainable finance sector if banks fail to properly police themselves, says the Swiss government. The...
More Candidates in Mongolian elections face Swiss charges This content was published on Jun 25, 2020 Jun 25, 2020 Two of the candidates in the recent Mongolian parliamentary elections are under investigation by Swiss prosecutors in a case linked to mining rights.
More Massive decline in foreign investment in Switzerland expected This content was published on Jun 22, 2020 Jun 22, 2020 An increase in foreign direct investment in 2019 is likely to be followed by a drop of up to 50% in 2020 due to the impact of Covid-19.
More Will Covid-19 push Switzerland into its worst post-war recession? This content was published on Jun 18, 2020 Jun 18, 2020 Switzerland’s GDP is expected to contract by around 6% this year. And that’s the best-case scenario.
More Pandemic tests stability of Swiss banking system This content was published on Jun 18, 2020 Jun 18, 2020 Swiss banks have weathered the financial impact of the Covid-19 pandemic relatively well so far, but may face difficult conditions in the coming...
More Swiss anti-terror financing chief unexpectedly quits This content was published on Jun 17, 2020 Jun 17, 2020 The head of Switzerland’s anti-money laundering and terror financing unit has stepped down after less than a year in the post, for unknown reasons.
More Fintech firm Achiko hits Cayman-related compliance problems This content was published on Jun 16, 2020 Jun 16, 2020 Cayman Islands fintech company Achiko has run into “compliance issues” just months after listing on the Swiss stock exchange.
More SoftBank invests in Credit Suisse funds financing technology bets This content was published on Jun 15, 2020 Jun 15, 2020 SoftBank has quietly poured more than $500m into Credit Suisse investment funds that in turn made big bets on the debt of struggling start-ups.
More 100 Swiss watch brands risk extinction due to coronavirus, expert says This content was published on Jun 14, 2020 Jun 14, 2020 Production came to a standstill during the pandemic and the most important export markets collapsed.
More SIX seals BME deal to join European stock exchange big league This content was published on Jun 12, 2020 Jun 12, 2020 Swiss company SIX has become Europe’s third-largest stock exchange operator after completing a €2.57 billion takeover of Spanish rival BME.
More Swiss open investigation into Mozambique loan scandal This content was published on Jun 5, 2020 Jun 5, 2020 Swiss prosecutors have opened an investigation into a suspected money laundering scandal involving loans to state-owned companies in Mozambique.
More Covid-19 strains Swiss love affair with cash This content was published on Jun 3, 2020 Jun 3, 2020 Covid-19 has shown the Swiss can live without cash, but will consumers continue to shun franc notes when the pandemic has passed?
More Switzerland cooperates with Vatican fraud investigation This content was published on May 24, 2020 May 24, 2020 The justice ministry has sent documents to the Vatican as part of an investigation into suspected bribery related to a London property purchase.
More Banking on a long life: longevity as a financial service This content was published on May 23, 2020 May 23, 2020 Fintech banking project targets budding centurions in Switzerland.
More How crypto mining tried, but failed, to gain a Swiss toehold This content was published on May 16, 2020 May 16, 2020 Cryptocurrency mining is returning to Switzerland in a different format than previous attempts to set up the infrastructure.
More Swiss companies vetted for pandemic loan abuses This content was published on May 15, 2020 May 15, 2020 The Swiss authorities say they are confident that fraudulent applications for emergency company loans can be weeded out during the coronavirus...
More Browder vows to fight Swiss legal co-operation with Russia This content was published on May 13, 2020 May 13, 2020 Switzerland’s Federal Prosecutor plans to share highly sensitive testimony and witness statements relating to Sergei Magnitsky with the Kremlin.
More Falcon exits Swiss private banking after 1MDB scandal This content was published on May 12, 2020 May 12, 2020 The Abu Dhabi-owned Falcon private bank says it is winding down activities in Switzerland and is in talks with a Swiss rival to take on its...
More Fintech ‘unicorn’ Numbrs slashes jobs as investors turn tail This content was published on May 8, 2020 May 8, 2020 The mobile banking app Numbrs is poised to cut 62 of its Zurich-based staff after investors pulled out of an agreement to inject new funds into the...
More Bitcoin Suisse targets dual bank licences with fund raise This content was published on May 8, 2020 May 8, 2020 Crypto Valley company set to test investor risk appetite for blockchain-based finance.
More Israeli bank hit with $900m tax evasion and football kickback penalties This content was published on May 1, 2020 May 1, 2020 Israeli bank Hapoalim has been fined nearly $875 million (CHF849 million) by the United States for hiding $7.6 billion of undeclared assets in...
More Switzerland’s Crypto Valley not quite on its deathbed This content was published on Apr 27, 2020 Apr 27, 2020 Blockchain start-ups from Switzerland's Crypto Valley are crying out for extra coronavirus help.
More Former UBS boss Marcel Ospel dies aged 70 This content was published on Apr 27, 2020 Apr 27, 2020 Ospel, ousted from his job as chairman of UBS in 2008 after the US subprime mortgage crisis, passed away on Sunday due to cancer.
More Switzerland facing biggest economic slump since 1975 This content was published on Apr 23, 2020 Apr 23, 2020 In a revised forecast in the wake of the coronavirus pandemic, federal authorities predict GDP will contract by 6.7% in 2020.
More Digital grassroots response to government bailouts This content was published on Apr 15, 2020 Apr 15, 2020 The MAVN Alliance of technology, business and political actors wants to help companies help themselves out of the Covid-19 crisis.
More Swiss banks bow to pressure to delay half of dividend payments This content was published on Apr 9, 2020 Apr 9, 2020 UBS and Credit Suisse have asked shareholders to accept a delay of several months for half of their dividend payments this year.
More Swiss consortium launches bitcoin on Tezos blockchain This content was published on Apr 8, 2020 Apr 8, 2020 A consortium of Swiss cryptocurrency companies has incorporated bitcoin onto the Tezos blockchain. The move brings Tezos, which has based its...
More Swiss regulator cracks down on fraudulent crypto activities This content was published on Apr 2, 2020 Apr 2, 2020 Switzerland’s financial regulator brought charges against eight “initial coin offering” (ICO) blockchain projects for breaching anti-money...
More Sygnum bank creates digital version of Swiss franc for trading This content was published on Mar 23, 2020 Mar 23, 2020 Sygnum bank has launched a digital version of the Swiss franc (DCHF) to allow faster payments when trading a new breed of securities. The DCHF...
More Switzerland awards first fintech banking license This content was published on Mar 13, 2020 Mar 13, 2020 YAPEAL has become the first financial institution in Switzerland to receive a fintech banking license. The new digital bank plans to challenge the...
