Latest finance news and updates from Switzerland. AI-curated articles covering finance topics.
The Swiss economy is demonstrating robust health, with the benchmark SMI index hitting an all-time high, the IMF forecasting continued positive growth, and new figures showing a significant rise in median annual salaries.
A massive investigation in India has uncovered alleged accounting fraud at Rajesh Exports, with its Swiss subsidiaries in Ticino and Lucerne at the center of the controversy. Indian authorities accuse the company of inflating figures, with actual earnings reportedly 99% lower than stated.
To prevent a future banking crisis, the Swiss government has approved new regulations requiring systemically important banks like UBS to significantly increase the capital held against their foreign subsidiaries.
Swiss banking giant UBS has achieved a key milestone by obtaining a national banking license from US authorities. This will allow the bank to expand its services for wealthy clients in the US, offering more everyday banking products and strengthening its long-term commitment to the American market.
For the first time, smartphones have become the preferred payment method for the Swiss population, surpassing traditional debit cards and cash. A new survey reveals a significant digital shift, particularly among younger generations.
Swisscom's net profit fell significantly due to the integration costs associated with its €8 billion acquisition of Vodafone Italia, compounded by erosion in its core telecommunications business and a strong Swiss franc.
Swisscom has announced a significant drop in net profit, attributing the decline to the substantial costs of integrating Vodafone Italia following its recent €8 billion acquisition. The result highlights the financial impact of the largest takeover in the telecom firm's history.
Geopolitical tensions over Greenland have escalated, with the US threatening new import tariffs on several European nations. The Swiss stock market has reacted negatively to the news, while Swiss gold refiners see a surge in imports from the mineral-rich territory.
Thousands of Swiss investors face uncertainty as fund trading suspension enters fifth month, highlighting regulatory concerns in CHF1.6 trillion industry.
Six finalists selected for Switzerland's new banknote series design competition, with public survey of 100,000 participants influencing selection process.
Switzerland maintains strong fiscal health with third consecutive surplus since pandemic, driven by social insurance and cantonal performance.
Swiss markets react as precious metal reaches unprecedented levels, driven by global economic uncertainty
SNB initiates study to connect Swiss payment infrastructure with Eurozone's TIPS system, potentially revolutionizing cross-border transactions
Joint statement affirms commitment to avoid exchange rate manipulation while preserving SNB's monetary policy tools
SNB and ECB launch feasibility study to connect Swiss and European instant payment systems by 2026
Federal Statistical Office reports GDP increase to CHF854 billion, with significant upward revision of historical data
Switzerland's largest bank protests proposed seven-year timeline for increased capital backing of foreign subsidiaries
Central bank holds steady on monetary policy despite global economic uncertainties
Swiss banking giant increases advisor payouts to retain top talent amid fierce competition in US market
Swiss banking giant UBS concludes long-running French tax case with substantial settlement, agreeing to pay €835 million to resolve disputes dating from 2004-2012.
From trusted Swiss news outlets