Switzerland Financial News

10.11 / 12:27

Adoption Lightning Network lightning Bitcoin network Bitcoin Suisse to enable Lightning Network payments

Bitcoin Suisse will use the Lightning Network to make Bitcoin (BTC) transactions both cheaper and faster. It will be the first cryptocurrency payment processor in Switzerland to integrate the technology, according to a press release dated Tuesday.

10.11 / 09:45

Climate change Marie Antoinette’s diamond bracelets sell for €7.2 million at auction

A pair of diamond bracelets that belonged to Marie Antoinette were sold for 7.46 million Swiss francs (€7.2 million) at auction.

10.11 / 04:47

BTC BLOCK Extreme Bitcoin Swiss Why surpassing the Swiss franc, again, is significant for Bitcoin

With the global cryptocurrency market cap shooting past $3 trillion, the spotlight is once again on the king coin.

09.11 / 16:21

Stocks market UBS BNP Paribas poaches new UK capital markets head Tom Snowball from UBS

BNP Paribas has poached a banker from UBS to lead its equity capital markets business in the UK, as the French bank looks to expand the unit in Europe.

09.11 / 03:15

COST Credit Suisse plans bonus overhaul amid post-Archegos shift on risk-taking

Credit Suisse is planning to overhaul the way it pays bonuses for its employees next year, a move that will tie compensation to longer-term risk-taking in the wake of the Archegos scandal.

08.11 / 12:27

Deal services Credit Suisse strikes deal with BNP Paribas over prime services clients

Credit Suisse has agreed a deal to recommend its hedge fund clients to BNP Paribas after the Swiss bank decided to largely shutter the unit as part of a broader overhaul of its business.

05.11 / 15:19

Stocks market UBS VIEW: Credit Suisse investors want a revolution

For years, critics have argued that Credit Suisse should follow Swiss rival UBS by scaling back its investment bank more radically. For years, Credit Suisse has resisted pressure to emulate the dramatic reshaping UBS launched a decade ago.

04.11 / 19:55

UBS Slash UBS to slash group managing director roles in hierarchy overhaul

UBS chief Ralph Hamers is cutting through the Swiss bank's upper ranks to trim down its hierarchy.

04.11 / 10:39

Exodus Credit Suisse M&A fees swell 184% despite dealmaker exodus

Credit Suisse's M&A bankers hauled in 184% more fees in the latest quarter than they did during the same period last year, despite an exodus of dealmakers in a unit rocked by successive crises this year.

04.11 / 09:19

Strategy Credit Suisse shutters prime broking after $5.5bn Archegos hit in pivot towards wealth management

Credit Suisse is quitting prime broking and cutting the capital allocated to its investment bank by $3bn — or 25% — under a strategy shift unveiled by chairman António Horta-Osório after a series of scandals at the bank.

29.10 / 15:13

Fallout Swiss Swiss Re posts profit for first nine months of 2021

Swiss Re said on 29 October that it swung to profit in the first nine months of 2021, as it absorbed large natural-catastrophe losses and the continuing fallout of the pandemic.

breaking news about Switzerland

What is the current situation in Switzerland?

In Switzerland, the spotlight is on major events that impact the interests of residents.

Where can I find reliable news about Switzerland?

We publish in-depth coverage about the situation in Switzerland, based on information from official representatives.

What shapes the media agenda in Switzerland?

The news landscape of Switzerland is shaped by key decisions by local authorities, reflecting its local way of life.