Banking & Fintech

Credit Suisse: FINMA appoints independent investigator

This content was published on Dec 20, 2019 FINMA says it is appointing an independent auditor to investigate Swiss bank Credit Suisse “in the context of observation activities”.

Court rejects Lake Zurich cablecar project

This content was published on Dec 17, 2019 A court has rejected plans for a cablecar link crossing over Lake Zurich, stating that the project did not have sufficient local support.

Paper reports new surveillance case involving Credit Suisse executive

This content was published on Dec 17, 2019 A senior Credit Suisse human resources executive was tailed by private investigators in February, the NZZ newspaper reported on Tuesday.

French strike puts a damper on first run of Léman Express

This content was published on Dec 15, 2019 The inaugural train service of the cross-border Léman Express service was only able to make it as far as Geneva due to strikes in France.

Swiss firms’ investments double abroad

This content was published on Dec 13, 2019 Companies in Switzerland invested double the amount abroad in 2018 than in 2017. But foreign investors withdrew capital from Switzerland.

Retail digital franc remains taboo for Switzerland

This content was published on Dec 13, 2019 Responding to a parliamentary question, the Federal Council on Friday said an ongoing project to produce a digital franc that is restricted for use by financial players was a more sensible option than a cryptocurrency for people to buy their groceries or other goods. Its report acknowledged claims that digital currencies could make payments more…

Swiss economy tipped to remain stagnant next year

This content was published on Dec 12, 2019 A government expert group concluded that economic growth would rise only 0.9% this year, 1.7% in 2020 and 1.2% in 2021. However, much of the expected growth next year will be generated by one-off sporting events, including the Summer Olympics in Tokyo. In its quarterly forecast, the group predicted a slow-down in construction activity and…

HSBC Swiss unit to pay $192 million in US tax fine

This content was published on Dec 11, 2019 The Swiss branch of HSBC's private bank has been fined almost CHF200 million by the US Department of Justice (DoJ) for having helped American clients evade tax between 2000 and 2010.

Bank savers feel sting from negative interest rates

This content was published on Dec 10, 2019 The number of Swiss bank customers being charged negative interest rates on their deposits is on the rise – and shows no sign of reversing.

Swiss court finds Belgian lawyer guilty of laundering family shares in AB InBev

This content was published on Dec 9, 2019 The 57-year-old woman, who cannot be identified under Geneva tribunal rules, was found guilty of laundering the proceeds of bearer shares she had stolen. The lawyer was not sent behind bars in consideration of the time she spent in pre-trial detention. The case is linked to the testament of Belgium’s Viscountess Amicie de SpoelberchExternal link. However, Switzerland’s…

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Banking & Fintech

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Banking & Fintech

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Credit Suisse: FINMA appoints independent investigator

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Court rejects Lake Zurich cablecar project

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Paper reports new surveillance case involving Credit Suisse executive

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French strike puts a damper on first run of Léman Express

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Swiss firms’ investments double abroad

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Retail digital franc remains taboo for Switzerland

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Swiss economy tipped to remain stagnant next year

More

HSBC Swiss unit to pay $192 million in US tax fine

More

Bank savers feel sting from negative interest rates

More

Swiss court finds Belgian lawyer guilty of laundering family shares in AB InBev

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