Swiss bank watchdog steps up Signa action against Julius Bär
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Swiss regulator Finma opens enforcement procedure against Julius Bär over risk failures linked to the collapse of the Signa real estate empire.
Credit Suisse fines from Mozambique scandal to fund victims’ compensation
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The fines imposed on Credit Suisse for the Mozambique scandal will be allocated to a fund for the victims, amounting to $105.5 million.
SMI back above 12,500 points for first time since beginning of 2022
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The leading SMI index rose by almost 1% at times in the morning and traded above 12,500 points for the first time since the beginning of 2022.
UBS releases ‘hundreds’ of staff in fresh wave of job cuts
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Swiss bank UBS has begun a wave of job cuts in its home market Switzerland, with hundreds of employees receiving notice in recent weeks.
Romeo Lacher steps down at Julius Bär and Swiss National Bank
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Romeo Lacher will not stand for re-election as Julius Bär chair and will also step down from his role at the Swiss central bank this year.
Georgian billionaire threatens to sue Julius Bär bank
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After a long legal fight with Credit Suisse, billionaire Bidzina Ivanichvili is now accusing Julius Bäe of political blackmail.
