Switzerland Financial News

In the last days of Credit Suisse, plenty of decisions were taken where perhaps the best you can say of them is that they might have looked like the only available option at the time.  The brand was melting down, and the best bankers were leaving every day.  In order to try to hold on to some of the rainmakers in strategically important franchises, CS decided that it was going to pay what were called “upfront cash awards”.

International Year of Millets (IYM), is over, can we ask how effective it was? The Indian government put in major effort, from the topmost level, into promoting millets as healthy, sustainable crops. There were policy initiatives, extensive publicity, and everyone from corporates to state governments to self-help groups enthusiastically promoting millets. Measured purely by visibility and awareness, it was a huge success.

Scotch whisky and electric vehicles and mobility of skilled workers are yet to be resolved in the proposed trade pact between India and the UK, and are likely to be taken up in the next round of talks in January, an official said on Friday. India is also considering discussing longer transition period and tax restoration for its exporters once the UK's carbon border tax on imported goods kicks in from 2027, as part of the trade pact. Yet, New Delhi remains hopeful of closing three trade pacts — with the UK, Oman and the European Free Trade Association (EFTA) — early next year, the official said. Iceland, Liechtenstein, Norway, and Switzerland comprise the EFTA. In the negotiations with the UK, the two sides have resolved most of the issues related to rules of origin and intellectual property rights chapters, the official said. The pact has 26 chapters. The UK's demand for liberalisation of norms in services sectors like banking, insurance, and legal, and India's ask for easy movement of professionals are some of the unresolved issues.

RBI) on keeping idle funds abroad, is forcing them to close their overseas bank accounts. At least two large British banks, one Swiss lender and a leading Emirates financial institution have snapped their relationships with more than two dozen resident Indians in the past two months, according to service providers and tax practitioners advising these individuals. They had opened the bank accounts by transferring funds overseas under the RBI’s Liberalised Remittance Scheme (LRS) which allows a local person to invest up to $250,000 a year in stocks, properties, and for maintenance of relatives among other things.

₹50,000. There are many luxurious and varied watches for Men and Women, available, ranging from well-known brands like TAG Heuer, which is famous for its Formula 1 series that combines sportiness and luxury, to Tissot's Le Locle line, which features Swiss design elegance. While HUGO line combines American flair with Swiss accuracy, appealing to those seeking culture with a new twist, Longines' Conquest series represents a combination of performance and grace.

Women's Watch offers a wide range of stylish options. Both the Kate Spade New York Holland Watch and the Emporio Armani Gianni T-Bar Quartz Watch are elegant and modern, making them suitable for a variety of preferences and situations. Every trendsetting female watch has its style, whether it is the Stuhrling Original Womens Dive Watch's classic simplicity or the Swarovski Octea Nova Watch Swiss Made's elegant understatement.

Bandhan Bank is selling its ₹775-crore affordable home loan portfolio to Avenue Capital-backed Asset Reconstruction Company India (Arcil) for ₹280 crore in an all-cash deal, said people with knowledge of the transaction. This transaction highlights the emerging stress in lower-income groups, where customers are unable to pay ₹10-12 lakh loans taken to buy their homes.

Non-commercial traders — a group that includes hedge funds, asset managers and other speculative market players — boosted their bearish bets on the greenback in the week ended Tuesday, according to CFTC data compiled by Bloomberg. More than 39,000 contracts are now tied to expectations the US currency will fall, up more than 10,000 from a week ago when the Fed was preparing to meet, the data show. The currency has suffered a pronounced slump in the wake of that confab, when the Fed released updated economic projections forecasting additional monetary easing next year.

Elmar Zumbuehl (pictured), GAM CEO

₹775.6 crore, where repayments were overdue by over six months, to an asset reconstruction company. “The bank received a binding bid of ₹280.39 crore, or 36.15% of outstanding pool for the said non-performing asset (NPA) portfolio, on (an) outright cash consideration basis," the bank said in a regulatory filing on Thursday, without naming the ARC. Bandhan Bank said it opted for a Swiss Challenge auction for selling the soured loans.

James Bond, where espionage and action take center stage, there's an unexpected gem that doubles as a surprising Christmas movie—'On Her Majesty’s Secret Service.' Unlike the typical Bond narrative, this film offers a unique glimpse into the more vulnerable side of the iconic secret agent, making it a hidden holiday treat. On Her Majesty's Secret Service

selling cocaine for recreational use. It is seen as a radical approach to the war on drugs that is not thought to have been tried elsewhere. According to Reuters, the city's parliament still needs to overcome opposition from the city government and will also require a change in national law.

LONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together.

London-based fintech firm Revolut has launched cryptocurrency trading services in New Zealand. Starting today, customers in the country can buy, sell, and hold over 100 different digital currencies on the Revolut app.

₹123,500 for a lake-view room to ₹360,000 for its lower-priced suites. Dither while deliberating whether ₹560,000 for a 53-59-square-metre Royal suite is worth it, and the website warns in red letters that these are the last few available in this category. Nice work if you can get it, as they say.

FINMA found the 'inadequate implementation' of strategic focus areas, alongside several scandals and management errors, led to the bank’s demise in March 2023.

Switzerland's financial regulator on Tuesday called for greater legal powers and vowed to adapts its approach in the wake of the Credit Suisse collapse.

By John Revill and Noele Illien

Digital assets funds continue their upward momentum as asset prices continue to rise towards the end of the year with growing optimism for an approval of a spot Bitcoin (BTC) ETF in the United States.

ZURICH (Reuters) -Cevian Capital has taken a 1.3% stake in UBS, worth around 1.2 billion euros ($1.31 billion), the activist investor group said on Tuesday.

The Minnesota Court of Appeals has affirmed a decision by state regulators to grant a major permit for the proposed NewRange copper-nickel mine