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Credit Suisse is the second biggest bank in Switzerland

Credit Suisse faces money laundering charges in trial

Credit Suisse will face charges in a Swiss court today of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases.

Business • 07 Feb 22

UBS's net profit for 2021 surged by 14% to $7.5 billion - its strongest performance since 200

UBS reports best annual profit since 2006

UBS has today reported its best annual profit since the global financial crisis, emboldening it to hike share buybacks and set more ambitious profit goals as it banks that more digital products will result in hefty cost-savings.

Business • 01 Feb 22

The law provides the legal basis for the so-called Covid certificate, indicating that a person has been vaccinated or has recovered from the disease

Swiss voters back Covid pass law in referendum

Swiss voters have firmly backed the law behind the country's Covid pass, according to projections following today's referendum after an unusually tense and hostile campaign.

Coronavirus • 28 Nov 21

Credit Suisse plans to plough an additional $3.3 billion into its private bank for the wealthy, which will be centralised into one global business

Credit Suisse pares back investment banking

Credit Suisse will pare back its investment bank and focus on building its wealthy client base, the Swiss bank said today, as it regroups following a string of scandals.

Business • 04 Nov 21

Credit Suisse said it plans to grant additional days off to longstanding staff

Credit Suisse extends time-off benefits for staff

Credit Suisse will extend time off for childcare and holidays and will let senior managers take sabbaticals under new rules for Swiss staff to take effect next year, Switzerland's second-biggest bank said today.

Business • 27 Sep 21

Credit Suisse reaches out-of-court settlement with former star banker Iqbal Khan over allegations of spying

Credit Suisse settles spying case with former banker

Credit Suisse has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of the chief executive Tidjane Thiam, a spokesperson for the Swiss bank said.

Business • 26 Jul 21

Second-quarter net profit of $2.01 billion far outpaced expectation

UBS profit jumps as wealth management boom continues

Swiss bank UBS has posted a 63% rise in second-quarter net profit, as buoyant markets continued to help the world's largest wealth manager generate higher earnings from managing money for the rich.

Business • 20 Jul 21

Credit Suisse executives fear the flagship Swiss lender, left vulnerable by scandals, could be challenged by investors demanding its break-up

Credit Suisse seeks new look or even merger - sources

Credit Suisse's top management are under pressure to come up with an overhaul plan for the scandal-hit Swiss bank that could include a potential merger with rival UBS, three people familiar with its thinking told Reuters.

Business • 25 Jun 21

Swiss snub synthetic pesticide ban plan

Switzerland has rejected proposals that would have made it the first European country to ban synthetic pesticides following a divisive campaign that shattered the idyllic image of peaceful Swiss Alpine pastures.

World • 13 Jun 21

Credit Suisse's heavy losses from the collapse of family office Archegos and the decimation of billions of client investments backed by insolvent UK financier Greensill have angered regulators

Credit Suisse scandals may see Switzerland take action

Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable.

Business • 28 May 21

Negotiations have been under way since 2018 between both sides to conclude a new treaty

Switzerland ends talks with EU on cooperation deal

Switzerland has pulled out of negotiations with the European Union over a treaty that would have replaced more than 100 bilateral agreements that have linked both sides since the early 1970s.

Europe • 26 May 21

Police in Tehran have announced an investigation into the woman's death

Swiss diplomat in Iran found dead after high-rise fall

The first secretary at the Swiss embassy in Tehran was found dead after falling from a high-rise building where she lived in the north of the city, a spokesman for emergency services was quoted as saying by Iranian news agencies.

World • 04 May 21

The Swiss bank said it expected to launch a 450 million franc share buyback from March

Julius Baer posts 50% full year profit rise

Julius Baer has today posted a 50% rise in 2020 net profit, as booming markets and strong client trading more than offset a goodwill blow from ailing Italian subsidiary Kairos.

Business • 01 Feb 21

The bank has been was ordered to improve its anti-money laundering procedures and change how it recruited and managed client advisors

Julius Baer punished for money laundering failures

Switzerland's financial industry watchdog FINMA has launched enforcement proceedings against a senior manager at Julius Baer and reprimanded two others over the private bank's failure to prevent money laundering.

Business • 21 Jan 21

Aerial view of the Col des Gentianes pass

Irish man dies in avalanche at Swiss ski resort

An Irish man has died following an avalanche at a ski resort in Switzerland.

Ireland • 19 Jan 21

The negative test must be taken within 72 hours before arrival in Ireland

All passengers into Ireland to require negative result

All passengers arriving into Ireland will have to provide a negative Covid-19 test prior to departure from this Saturday, 16 January.

Coronavirus • 12 Jan 21

UBS to close one in five Swiss branches

Switzerland's biggest bank UBS said today it will close roughly a fifth of its Swiss branches this quarter and start charging negative rates on clients holding more than 250,000 Swiss francs or euros in cash from July.

Business • 12 Jan 21

Credit Suisse has increased its provisions for a long-running dispute in the US by $850m

Credit Suisse forecasts Q4 loss on higher provisions

Credit Suisse said today it expects to book a net loss for its fourth quarter after increasing its provisions for a long-running dispute in the US by $850m.

Business • 08 Jan 21

Around 200 of the 420 or so affected British tourists in the luxury Alpine ski station quit under the cover of darkness

UK tourists sneak out of ski resort to avoid quarantine

Hundreds of British tourists forced into quarantine in the Swiss ski resort of Verbier fled in the night rather than seeing their holidays go downhill, the local municipality has said.

Coronavirus • 28 Dec 20

Switzerland is one of few European countries where same-sex marriage is not legal

Swiss parliament approves same-sex marriage bill

Switzerland's parliament has approved a bill allowing same-sex couples to marry, finally bringing the small Alpine nation into line with much of Europe on gay rights.

Europe • 18 Dec 20

The US Treasury Department said Ireland has been removed from its monitoring list

Ireland removed from US Treasury's monitoring list

Ireland has been removed from a US Treasury Department's economic and currency monitoring list.

Business • 16 Dec 20

Corporate responsibility plan fails in Swiss vote

A plan in Switzerland to impose the world's strictest corporate responsibility rules, which would have made Swiss-headquartered multinationals liable for abusive business practices worldwide, failed to pass in a vote today.

World • 29 Nov 20

'Stop Globalisation Politics' is seen written on the side of the car

Car crashes into gate at German Chancellor's office

German police said they have detained a man who drove a car into the gate of the German chancellery in central Berlin, in what appeared to be a protest.

World • 25 Nov 20

UBS first European bank to pay out full 2019 dividend

UBS shareholders have today approved payment of the second half of its 2019 dividend, making it the first major European bank to pay a full dividend for the year despite turmoil caused by the coronavirus pandemic.

Business • 19 Nov 20

A Swiss People's Party poster saying 'enough is enough' ahead of today's vote

Swiss voters reject bid to cut immigration from the EU

Swiss voters have rejected a bid to slash immigration from the EU, leaving free movement in the heart of Europe intact, and embraced offering paid paternity leave for the first time.

World • 27 Sep 20