Swiss
Swiss watchdog backs UBS plan to limit investment bank amid capital rule debate
[BERN] The head of Switzerland’s financial watchdog signalled he is in favour of UBS Group’s offer to limit the size of its investment bank, indicating a potential way forward...
Temasek-backed 65 Equity Partners makes Europe foray with Swiss pharma merger
[LONDON] Asset manager 65 Equity Partners is backing Swiss pharmaceutical ingredient maker Healthcare Advanced Synthesis’ (HAS) acquisition of Cerbios-Pharma, marking its first deal in Europe.The investor, backed by Temasek,...
UBS trims CEO Ermotti’s pay to US$17 million amid Swiss scrutiny
The package compares with the 14.4 million francs Ermotti received for 9 months in 2023[BERN] UBS Group awarded chief executive officer Sergio Ermotti just under US$17 million for 2024,...
Tariff and growth worries boost safe-haven yen, Swiss franc
THE Japanese yen and Swiss franc strengthened against the US dollar on Monday (Mar 10), as traders flocked to safe-haven currencies due to lingering worries over tariffs and a...
Cartier appeal helps Richemont reach 100 billion Swiss francs market value – The Business Times
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time, bolstered by the appeal of its blockbuster jewellery label Cartier.
The company...
Swiss bank watchdog blundered on Credit Suisse, report finds
THE Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark enquiry into last year’s collapse of Credit Suisse.
Finma’s 2017 decision to grant Credit...
Euro, US dollar steady before ECB decision, Swiss franc falls on large rate cut
THE US dollar was broadly steady on Thursday (Dec 12) while the euro traded a touch higher before the European Central Bank’s monetary policy decision later in the day,...
Swiss watch exports fall again amid plummeting demand in China
SWISS watch exports fell for a second straight month in October as a sharp drop in shipments to China offset growth in the US.
Exports of Swiss timepieces and watch...
