Swiss
Swiss bus fire that killed six caused by ‘disturbed’ man setting himself alight, prosecutor says
Police investigating a bus fire that killed at least six people in western Switzerland have said they believe it was started by a “marginalised and disturbed” Swiss man onboard...
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut[ZURICH] The Swiss National Bank kept its interest rate at zero,...
JPMorgan doubles Swiss business by targeting wealthy clients
[ZURICH] JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the country’s wealthiest people, a...
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers[LONDON] HSBC Holdings’ Swiss private bank is boosting the pay of some of its staff as it looks...
Swiss National Bank likely intervening to weaken franc: UBS
[ZURICH] The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group.“Current market conditions indicate an elevated risk of...
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
[ZURICH] A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7 billion) worth of Credit Suisse...
Swiss National Bank keeps interest rate at zero, warns of tariff impact
[ZURICH] The Swiss National Bank (SNB) held its key interest rate at zero on Thursday (Sep 25), the lowest among major central banks, as it warned that US President...
China’s PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
[BEIJING] China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said...
