Head of Swiss financial regulator’s Banks division quits
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Thomas Hirschi, head of the Banks division of the Swiss Financial Market Supervisory Authority FINMA will leave at the end of August.
Swiss population satisfied with life according to survey
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In a survey, the population of German-speaking and French-speaking Switzerland expressed general satisfaction with their lives. Respondents were less happy with politics and their personal finances, according to the online comparison service Moneyland.
Crowded airports expected in Switzerland this summer
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Switzerland's main airports are preparing for a busy summer holiday period. A number of changes have been introduced to improve passenger flows that are expected to be well above average in July and August.
Swiss bosses distance themselves from the United States
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According to a survey of managers, Swiss companies are increasingly turning away from the USA and orientating themselves more towards Southeast Asia and the EU. This is the result of a recent survey.
UBS launches buyback scheme for up to $2 billion in shares
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UBS is starting a share buyback programme for up to $2 billion (CHF1.6 billion) in shares, in line with a plan approved at its annual general meeting (AGM) in April, the Swiss bank said on Monday.
Trump tariffs could cost Switzerland CHF17.5bn, economist warns
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An escalating tariff dispute under Donald Trump's US administration could cost the Swiss economy up to CHF17.5 billion ($22 billion) in 2026, according to KOF economist Jan-Egbert Sturm.
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Despite the current tense economic situation, Swiss consumer sentiment remains positive. The Swiss spent more money in May than the previous year, particularly on restaurant visits and leisure activities, as shown by the latest figures released by PostFinance.
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Experts believe that economic development in Switzerland will be weaker in 2026 than the forecasts made three months ago. They have also lowered their predictions for the current year.