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Business & Finance

Too big for Switzerland: Will the UBS-CS bank be split up?

One week after Switzerland’s government rescued Credit Suisse by forcing it to merge with UBS, Swiss political parties discuss their strategies for how to dismember the “monster bank.

DOJ: Swiss banks may have helped Russians avoid sanctions

The U.S. Department of Justice is investigating whether Swiss banks helped Russian oligarchs evade sanctions.

When did the 2023 Swiss banking crisis begin?

Was it in 2008? Or 2020? was the collapse of Silicon Valley Bank or the freezing of Russian assets? Swiss experts and taxpayers weigh in.

Swiss bankers brace for job cuts

With the UBS takeover of Credit Suisse, as many as 12,000 bank employees could receive pink slips before the merger is complete.

Protests, lawsuits, anger: The UBS-CS fallout

In an effort to rescue the flailing Credit Suisse, the Swiss government has enraged Swiss taxpayers who want to know how they will end up paying for the UBS-CS merger.

‘Monster bank:’ UBS buys Credit Suisse

Amidst the collapse of Credit Suisse, the Swiss government stepped in over the weekend and persuaded UBS to purchase the bank.

SVP to government: Don’t give Credit Suisse a guarantee

Too big to fail? The Swiss People’s Party says the government should not approve of a state guarantee for Credit Suisse, as it goes against laws that were put in place to prevent such an incident.

Zurich will trial a 35-hour workweek

Zurich city employees will be evaluated on how productively they function on a 35-hour workweek.

SNB comes to Credit Suisse’s rescue

Not all heroes wear capes or offer to lend CHF50 billion. SNB will help Credit Suisse get out of its debt-lined hole and hopefully, stabilize global financial uncertainty.

Credit Suisse unable to reverse outflow, stock prices collapse

How low can the Swiss bank’s stocks go? Credit Suisse releases its annual report amidst historically low stock prices and rampant cash outflows.

Is China sanctioning Switzerland?

Rich Chinese clients say they might pull their wealth out of Swiss banks – citing sanctions against Russia as cause for concern.

SEC: We’ve got some questions for Credit Suisse

Another day, another scandal at Credit Suisse. This time it’s the US Securities Exchange Commission asking questions about the bank’s annual report.

Swiss fragrance companies raided on suspicions of a ‘perfume cartel’

Investigators raided Swiss fragrance companies this week looking for evidence to support their suspicions that a few companies have colluded and created a price cartel.

Biggest Credit Suisse shareholder exits bank

Credit Suisse’s biggest shareholder this week sold its stake in the Swiss bank.

SNB posts biggest loss in its 115-year history

The Swiss National Bank posted its biggest losses to date at 132 billion Swiss francs, but the nation will still be able to avoid a recession.

Data breach: Credit Suisse client info stolen

In a letter to its biggest clients, Credit Suisse revealed that an employee stole their personal information.

How Switzerland has avoided sky-high inflation

27 February 2023

Switzerland has managed to keep inflation under 3.5% since the 1990s while bigger countries are currently looking at double-digit rates.

How Swiss companies claim to be offsetting emissions

22 February 2023

Swiss organization South Pole sells carbon offset certificates to Swiss companies such as Nestlé and Galaxus, but their calculations are fraught with errors and their good work is grossly overestimated, critics say.

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