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Business & Finance

AI endangering Swiss office jobs

Artificial intelligence is primarily affecting Swiss jobs in sales, retail, and production, according to a new study.

CS execs given ‘hundreds of millions of francs’ in bonuses

In the years leading up to Credit Suisse’s near-collapse, hundreds of millions of Swiss francs were doled out to executives and sometimes secretly, a local newspaper reveals.

Will Switzerland extend emergency Covid restrictions?

Swiss voters will have the chance to vote on three national issues next month: minimum tax rates for international companies, a ban on fossil fuels and the current Covid-19 laws.

Swiss government wants to ban bank exec bonuses

Swiss lawmakers passed a bill banning 'too-big-to-fail' banks from doling out bonuses to executives and managers.

UBS takeover of CS to be complete by early June

The merger of Switzerland’s two biggest banks, Credit Suisse and UBS, should be complete within weeks, but don’t call it a 'monster bank' says UBS CEO Sergio Ermotti.

Switzerland: A model for no minimum wage

Switzerland's workers seem to be exceedingly happy with the highest salaries in the world and four weeks' of paid vacation per year.

Money problems: Will CS outflows hurt the UBS merger?

While UBS saw CHF25 billion of client assets flow into accounts, Credit Suisse is collapsing in on itself.

Swiss incomes keep going up

While inflation keeps driving up the prices of Swiss housing, groceries and more; a new report found that Swiss employees' salaries are keeping pace.

Economists: SNB looks strong, but trend not likely to continue

Switzerland's National Bank has had a strong start to the year; but with the shotgun merger of UBS and Credit Suisse, the trend is not likely to continue.

Swiss government rejects Parliament vote on UBS-CS merger

Thanks, but no thanks. Switzerland’s Federal Council this week said it “acknowledges” Parliament’s vote to reject the CHF109 billion guarantee on the shotgun merger of UBS and Credit Suisse, but it won’t have any effect on the merger.

Cost of oil, sugar, butter up nearly 20% in Switzerland

Fancy an omelet? Only if you can afford it. The cost of Swiss food staples are skyrocketing in 2023, a new report reveals.

Democracy at stake: How the UBC-CS merger is tearing Switzerland apart

Less than one month after the Swiss government hastily merged the country’s two biggest banks, Swiss parliamentarians voted to rescind the state-backed guarantee.

Swiss government to CS: Say ciao to your bonuses

The Swiss government stepped in Wednesday evening and canceled or reduced bonuses for the top managers at failed Credit Suisse.

UBS to shareholders: The merger will pay off

One day after Credit Suisse held its last, annual shareholder's meeting amidst protests and criticisms, UBS Shareholders met in Basel to discusS the future of the UBS-CS MegaBank.

Credit Suisse shareholders: We ‘feel cheated’

Credit Suisse shareholders finally had the chance to respond to the surprising UBS-CS merger that was agreed upon secretly last month without consulting investors.

Federal Prosecutor: UBS-CS merger may have broken laws

No one seems to be in favor of the UBS-CS merger – from the average Swiss person to economists, from right-wing politicians to liberal political parties.

Bankers guilty of moving millions for Putin’s BFF

A Swiss court this week found four bankers guilty of opening bank accounts for Putin’s best friend –a sanctioned oligarch who has been known to move money for the Russian president.

DOJ: Credit Suisse helped rich Americans hide money

Another day, another complication to the UBS takeover of failing Credit Suisse. This time, the U.

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