In a statement Swiss President Ignazio Cassis said, it was “very probable” that Switzerland would follow the European Union (EU) on Monday in sanctioning Russia and freezing Russian assets in the country. In an interview to RTS, Cassis said the… Read More ›
Swiss banking giant Credit Suisse was dragged into a dirty money scandal following news reports of the Swiss bank managing the funds of human rights abusers, fraudsters and businessmen who had been placed under sanctions. A source had leaked information on… Read More ›
In a statement Novartis AG said, it has launched a new share buyback of up to $15 billion which will end by 2023. Confirming an expected sales growth by 4% through 2026, the Swiss pharma giant said its capital allocation strategy… Read More ›
On Thursday, as per Swiss government documents, Switzerland has updated rules to ensure that large banks hold sufficient liquidity to absorb economic shocks. The newly updated rules will have little or no impact on bank in terms of additional capital… Read More ›
In a statement, a spokesperson for Swiss banking giant Credit Suisse said, the bank has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of its CEO Tidjane Thiam. “Everybody involved… Read More ›
In a statement German stock exchange operator Deutsche Boerse said, it is in the process of acquiring a two-thirds stake in Swiss fintech Crypto Finance, in a move aimed at expanding its offering for digital assets. Deutsche Boerse did not… Read More ›
A framework to strengthen and simply procedural norms between the European Union and Switzerland hangs in the balance as the Bern government meets to consider whether to break off talks over ratifying the draft treaty that was struck in 2018…. Read More ›
On Wednesday, Swiss speciality chemicals giant Clariant AG stated, it plans on cutting nearly 1,000 jobs as it tappers down midst a series of divestments. “The rightsizing program foresees a reduction of approximately 1,000 positions in service and regional structures…. Read More ›
On Monday, in a statement, Swiss electric car startup Piëch Automotive AG stated, it has appointed the former CEO of Porsche and Volkswagen, Matthias Mueller, as its new chairman. Incidentally, Piëch Automotive is founded by Anton Piëch, who is the… Read More ›
According to a report by Swiss financial news site Finews, JPMorgan Chase & Co is considering cutting up to 140 jobs in Switzerland in an effort to trim costs. According to the report, the cuts would mainly affect its Geneva… Read More ›
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