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Business & Finance

Garrett Motion $800 Million Notes After Bad Q1

Amidst a slight downturn in Q1 2024 financials, Garrett Motion Inc. boosts its senior notes offering to $800 million, focusing on financial restructuring.

Swiss Bank Saving Interests Already Dropping

Following a recent reduction in key interest rates by the Swiss National Bank, Swiss banks have begun to revise their savings account rates, showing a mixed response across the sector.

Swiss TradeXBank Removed from US Sanctions List

Swiss bank TradeXBank, formerly linked to Russia's Sberbank, is cleared by the US Office of Foreign Assets Control, resuming USD transactions.

UBS Job Cuts “Not Imminent”

UBS outlines a gradual approach to job reductions following the merger with Credit Suisse.

UBS Makes Big Repayments To The SNB For Emergency Liquidity

UBS makes significant progress by repaying CHF 9 billion of the Emergency Liquidity Assistance, moving closer to settling its financial responsibilities from the Credit Suisse acquisition.

PSP Swiss Property: Strong Earnings

PSP Swiss Property starts 2024 with strong financial growth, surpassing expectations and raising its earnings forecast, promising a profitable year ahead.

Sandoz Q1 Strong Start To The Year With Biosimilars Growth

Sandoz, a Novartis spin-off, kicks off the year with a 5% revenue increase, driven by significant growth in its biosimilars division.

Swiss Media Empire TX Group Layoffs Staff

In a sudden move, TX Group has laid off several back office employees, raising concerns over its management decisions amidst challenging economic conditions.

UBS Achieves $1.76 Billion Q1 Profit: Exceeding Expectations

UBS reveals a Q1 2024 net profit of $1.76 billion, surpassing analyst predictions significantly.

Swiss Pension Funds Perform Well In Q1 2024

Building on last year's momentum, Swiss pension funds record robust early gains in 2024, showcasing financial resilience amid economic challenges.

Credit Suisse CEO To Step Down As UBS Merger Accelerates

UBS is set to finalize the integration of Credit Suisse by dissolving its management, marking the end of Ulrich Körner's tenure as CEO.

Sunday 5th: Today’s Headlines & Reports

More and more truants, high salaries for health insurance company bosses and the energy transition is becoming more expensive than expected: this and more can be found in the Sunday newspapers.

BNP Paribas (Suisse) Announces Job Cuts

BNP Paribas plans significant job reductions in Geneva. Keystone/Francois Mori The Swiss branch of the major French bank BNP Paribas is planning major job cuts.

Sunrise Switzerland Looks To IPO

Sunrise Switzerland announces ambitious dividend plans and IPO details, energizing investors with prospects of financial growth post-Liberty Global spin-off.

Swiss Bank Valiant Reports Strong Growth in Q1 2024

Swiss Bank Valiant starts 2024 with robust growth, boasting a 28% rise in operating profit.

Hochdorf: Shareholders To Change The Board

Newlat aims to overhaul the board by proposing six new members, predominantly Italian, spotlighting an ambitious new direction under Newlat's influence.

Julius Baer Sells Kairos

Julius Baer completes the divestiture of Kairos, marking a strategic shift in its European operations.

Swiss FDI Spikes: As Foreign Investment Slows In Germany

As foreign investments in Europe dip, Switzerland bucks the trend with a significant surge in projects and job creation.

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