Swiss regulator defends decision to write off AT1 bonds Switzerland's financial market regulator FINMA has defended its decision to impose steep losses on Credit Suisse bond holders today, saying the decision was legally watertight. Business • 15 hrs
Switzerland wakes to new era after historic bank merger Switzerland awoke to a new era today after UBS swept up Credit Suisse in a government-brokered rescue that dented the country's long-held pride in its … Business • 20 Mar
Credit Suisse shares soar after central bank lifeline Shares of embattled Credit Suisse surged this morning after announcing it would borrow up to $53.7 billion from the Swiss central bank, calming markets following … Business • 16 Mar
Swiss regulators rush to calm fears over Credit Suisse Swiss regulators said Credit Suisse can access funds from the central bank if needed, racing to calm fears around the lender after it led a … Business • 15 Mar
Credit Suisse flags 'material weaknesses' in reporting Credit Suisse said in its 2022 annual report the bank has identified "material weaknesses" in internal controls over financial reporting and not yet stemmed customer … Business • 14 Mar
Credit Suisse warns of more losses as it falls into red Credit Suisse has today reported its worst annual loss since the 2008 global financial crisis, hit hard by client withdrawals and warned that a further … Business • 09 Feb
Avalanches in Austria and Switzerland leave five dead Avalanches in Austria and Switzerland have left five people dead, with three of those killed while visiting Austria's Alpine regions. World • 04 Feb
EU to prepare law to support its green industry The European Union is to prepare a law to make life easier for its green industry and keep businesses from moving to the United States. World • 17 Jan
Car carrying 23 family members stopped at Swiss border Police said Tuesday they were "amazed" to find an SUV at the Swiss-German border crammed with 23 members of the same family. News Lens • 03 Jan
Switzerland suspends intake of vulnerable refugees Switzerland has temporarily suspended participation in a UN programme aimed at resettling vulnerable refugees, blaming incapacity as it faces an influx of people fleeing Ukraine, … World • 19 Dec 22
Credit Suisse raises $2.4 billion in revamp cash call Credit Suisse has hailed a "milestone" in its turnaround plan after raising 2.24 billion Swiss francs ($2.39 billion) as part of a 4 billion franc … Business • 09 Dec 22
$20,000 found on Swiss street returned to elderly man When an elderly man suddenly realised that he was missing more than $20,000 in cash just withdrawn from a Swiss bank, he assumed he had … World • 01 Dec 22
Credit Suisse seeks billions from investors in overhaul Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards … Business • 27 Oct 22
UBS Q3 profit slides 24% but ahead of expectations UBS has logged a smaller than expected 24% slide in third-quarter net profit with robust client inflows and lower costs helping to ameliorate the impact … Business • 25 Oct 22
Credit Suisse pays $495m to settle legacy case Credit Suisse has agreed to pay $495m to settle a case brought against it in the US, the latest pay-out related to past blunders that … Business • 17 Oct 22
Gazprombank to discontinue Swiss operations Russia's Gazprombank has decided to cease operating in Switzerland after "a strategic review of various options", it said today. Business • 10 Oct 22
Credit Suisse shares slip despite moves to soothe woes Credit Suisse shares slid by as much as 10% today, reflecting market concerns ahead of a restructuring plan due to come with third-quarter results at … Business • 03 Oct 22
Swiss National Bank hikes rates by 75 basis points The Swiss National Bank raised its policy interest rate by 0.75 percentage point today - only the second increase in 15 years. Business • 22 Sep 22
Credit Suisse mulls splitting investment bank in 3 - FT Credit Suisse Group has drawn up plans to split its investment bank in three, the Financial Times reported today, as the Swiss lender attempts to … Business • 22 Sep 22
Credit Suisse looking at cutting 5,000 jobs - source Credit Suisse is considering cutting around 5,000 jobs, about one position in 10, as part of a cost reduction drive at Switzerland's second-biggest bank, a … Business • 02 Sep 22
First same-sex couples get married in Switzerland The first same-sex couples tied the knot in Switzerland today following a referendum that changed the landscape for gay rights in the country. World • 01 Jul 22
Credit Suisse found guilty in cash laundering case Credit Suisse has been convicted by Switzerland's Federal Criminal Court of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country's first … Business • 28 Jun 22
A 700-year-old samurai sword is seized at Swiss border Customs authorities in Switzerland have discovered a near 700-year-old antique Japanese samurai sword during a routine vehicle search after it was illegally imported. News Lens • 31 May 22
Julius Baer sets more ambitious targets for 2025 Julius Baer has today confirmed its 2022 targets and presented new, more ambitious mid-term targets after assets under management fell 5% year-to-date at the end … Business • 19 May 22
Credit Suisse posts another quarterly loss Credit Suisse has today posted a 273 million Swiss franc ($283.6m) first-quarter loss, prolonging the embattled lender's financial troubles after a slew of scandals. Business • 27 Apr 22
