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Zurich Commercial Court Summarizes Investor Lawsuits Regarding UBS/CS Merger
18 February 2024
Earlier this week reported the that CS and KPMG executives evaded prosecution for their involvement in the Credit Suisse debacle.
Sunday, February 18 – Weekly Roundup
18 February 2024
Switzerland confronts a spectrum of issues, workplace bullying at the Federal Intelligence Service, and alleged corporate misconduct by ABB, highlighting the need for systemic reforms and accountability.
Liberty Global’s to Spin-Off 100% of Sunrise Shares
17 February 2024
Liberty Global's decision to spin-off Sunrise, a major telecom player, aims to unlock shareholder value through strategic investments and capital structure optimization.
Swiss Production Sees Q4 Downturn Despite Sales Uptick
16 February 2024
Swiss industrial output contracts in Q4 despite turnover gains, highlighting the sector's complex economic dynamics.
Temenos: Accounting Irregularities & Failed Products
16 February 2024
Temenos, a pioneer in banking software, faces scrutiny amidst financial innovations and accusations.
Sunrise With Stable Sales and Lower Operating Profit
16 February 2024
Sunrise Communications navigates 2023 with stable sales amidst a challenging telecom landscape, facing a slight decrease in operational earnings.
Swiss SMEs Set Foreign Acquisition Record
16 February 2024
Amidst a global downturn in M&A, Swiss SMEs buck the trend, setting a new record in acquiring foreign companies, highlighting their resilience and strategic growth.
Swiss Re Posts Billion-Dollar Profit and Increases Dividend
16 February 2024
Swiss Re capitalizes on strong investment outcomes and reduced catastrophe losses, marking a significant profit leap to $3.
KPMG Beat US Lawsuit Over Credit Suisse’s Collapse
15 February 2024
KPMG, alongside ex-Credit Suisse leaders, emerge unscathed from a hefty US lawsuit, marking a key win amidst ongoing legal battles over the bank's downfall.
Coop Switzerland: 800M CHF Investment in Logistics
15 February 2024
Coop Switzerland marks a successful 2023 with a 2.2% sales increase, expansion in workforce, reinforcing its market leadership in sustainability and retail innovation.
Swiss Consumer Sentiment Shows Small Improvement in Early 2024
15 February 2024
Swiss Consumer confidence sees a slight uplift in early 2024, as Seco switches to monthly reporting to offer fresher insights into economic perceptions.
Lombard Odier Generates Less Profit in 2023
15 February 2024
Lombard Odier, the esteemed Geneva-based bank, reports a slight profit decrease in 2023 amidst strategic investments, despite a rise in operating income.
Holcim Invests $55 Million in Mexico for New Grinding Unit
15 February 2024
Holcim pledges $55 million for a cutting-edge grinding unit in Mexico, aiming to boost cement production to 1.
UBS Announces Immediate Branch Closures Ahead of February Deadline
15 February 2024
UBS sets a rapid pace with imminent branch closures across Switzerland, starting in the capital, signalling a shift towards digital banking transformation.
Basel Kantonalbank Reports Notable Profit Surge in 2023
15 February 2024
In a remarkable financial year, Basel's Basler Kantonalbank (BKB) sees a significant profit boost, benefiting from favorable interest rates and strategic growth in its core sectors.
Ruag MRO Appoints Ralph Müller as New CEO
14 February 2024
The federally owned armaments company Ruag MRO has appointed Ralph Müller as its new CEO with effect from March 1, 2024.
Swiss AI Startup Logmind Secures Seed Funding
14 February 2024
Logmind, a Swiss AI innovator, garners significant seed investment to fuel its growth and refine its AI-driven log data analysis platform.
Schindler Achieves Remarkable Profit Growth in 2023
14 February 2024
Schindler bounces back with a significant profit increase in 2023, driven by enhanced operating efficiency, supply chain recovery, and strategic pricing, marking its best performance since 2018.
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