Switzerland Financial News

15.09 / 10:31

Custody Deutsche Bank Taurus services Deutsche Bank Partners Taurus to Offer Crypto Custody Services

Taurus, a Swiss crypto infrastructure firm has announced a partnership with Deutsche Bank to set up cryptocurrency custody alongside tokenized services for its clients.

15.09 / 07:47

Adoption regulation ATM Top crypto Hong Kong retains top crypto-ready position for two consecutive years

Hong Kong was crowned the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, retaining its crypto-readiness prowess for the second year in a row.

14.09 / 12:55

Provident Digital track Taurus Deutsche Bank to handle client crypto assets with Taurus

Deutsche Bank in June signalled its intention to push into the crypto sector when it applied for regulatory approval to operate a custody service for digital assets, including cryptocurrencies.

14.09 / 03:49

UPS Compilation Mobile country India's trade deficit may surge on rising gold imports, festive buying

gold imports in the second biggest consumer of the precious metal has risen to the tune of 40 per cent in August 2023. This may blow out India's trade deficit, which is already at threatening levels on soaring crude oil prices. As per the provisional numbers of India's gold imports in India in August 2023, a person familiary with the developments said on the condition of annynimity that India's gold imports grew to $4.9 billion, which stood at $3.5 billion in August 2022.

13.09 / 14:13

COST UPS Provident Lowe's country social U.S. lags globally on retirement due to health, quality of life issues

The U.S. lags 19 other countries on retirement security — putting it just behind Belgium and ahead of South Korea — despite recent initiatives designed to help expand plan access and encourage workers to save more.

13.09 / 13:51

Citi stage Davis Cup 2023 schedule, live streaming: When and where to watch US, Great Britain's Tennis match

Davis Cup 2023 Finals Group matches are currently underway, spanning from September 12 to September 17, with the next stage scheduled between November 21 and November 26. This six-day event showcases 16 national teams competing in four European cities, all vying for the opportunity to secure one of the eight coveted spots in the Davis Cup Finals this November. The 16 nations participating in the Finals Group Stage this week have been divided into four groups, each consisting of four teams. These competitive matchups will be held in Bologna, Italy; Manchester, England; Split, Croatia; and Valencia, Spain.

13.09 / 08:43

Ripple SEC US crypto startups Ripple CEO Advises Crypto Startups to Avoid US, Suggests Jurisdictions with Smart Policies

Ripple CEO Brad Garlinghouse has described the United States as a bad destination for crypto startups due to the country’s uncertain policies around digital assets.

13.09 / 06:13

business Ripple regulation SEC crypto startups US ‘the only country’s crypto startups should avoid, says Ripple CEO

The United States is one of — if not the worst — place to launch a cryptocurrency startup in the world right now, according to Ripple CEO Brad Garlinghouse, whose firm is in a legal battle with the U.S. securities regulator.

13.09 / 04:39

UPS Twitter UBS pop Deal Takeover UBS's Credit Suisse takeover, 'deal of the century'?

Did banking giant UBS make "the deal of the century" when it bought one of the world's biggest banks for a pittance as it teetered on the edge of the abyss? Switzerland's largest bank was in March strong-armed by Swiss authorities into a $3.25-billion takeover of Credit Suisse, to keep its closest domestic rival from going under. At the time, investors gasped at the risks UBS was taking on with the purchase.

13.09 / 03:49

UPS Citi UBS blues pop Blue Ocean Equities poaches ex UBS, Citi MD

Stockbroker Ord Minnett’s head of natural resources, Richard Saywell, is packing his bags for a rival.

12.09 / 19:15

UPS Booking Adventure love show song ad How an Ad in the Local Paper Led Bernie Taupin to Elton John

Bernie Taupin, 73, is an Oscar-winning lyricist best known for his songwriting partnership with Elton John. He is the author of “Scattershot: Life, Music, Elton and Me" (Hachette), a memoir. He spoke with Marc Myers.

12.09 / 06:23

UPS JPMorgan Platform Racing UBS cover Wall Street is racing to manage your wealth. That is a good thing

wealth management, which helps clients allocate assets, minimise tax bills and plan for retirement—typically for an annual fee of 1% of invested assets. Firms are piling into the business, spurred by the prospect of profits that will only become juicier as the world gets richer. Could it be good for clients, too? The wealth industry has long been highly fragmented.

12.09 / 03:49

FIVE Citizens country social Trump Deal US allows transfer of $6 billion for Iran prisoner swap deal; Trump says, ‘Destroying America’

Joe Biden's administration over its decision of prisoner swap with Iran. The US cleared the way for $6 billion in proceeds to be returned to Iran and agreed to release five Iranians as a part of a secretly negotiated deal. The deal will clear the way for five American citizens detained in Iran to return home, according to a report published by Bloomberg. Secretary of State Antony Blinken notified Congress on Monday of a waiver that will let German, Irish, Qatari, South Korean, and Swiss banks transfer the $6 billion from South Korea without fear of running afoul of US sanctions.

11.09 / 20:29

Ethereum XRP Altcoin solana CoinShares Bitcoin week XRP bucks trend as crypto assets experience fourth straight week of outflows

Cryptocurrency asset outflows for the week of Sep. 3 through 9 totalled $59.3 million, bringing the current run to $249 million over four consecutive weeks.

11.09 / 19:59

UPS cover exclusive India Inc hiring intent may remain stable in Dec quarter, says survey

Around 49% of employers covered in the latest ManpowerGroup Employment Outlook Survey said they would hire more people in the December quarter, while 12% said they expected a decrease in hiring intent or had no plans to backfill. About 34% plan to keep their workforce levels steady and 5% are unsure about hiring intentions, according to the findings shared exclusively with ET. This puts the net employment outlook — the difference between companies looking to hire and those expecting a fall in headcount or hiring numbers — at 37%.

11.09 / 15:13

UPS FIVE Volkswagen Mercedes-Benz Toyota show The Car Show Will Go On

“International" car shows have a more national flavor these days, but that doesn’t mean the format is dying. The North American International Auto Show launches this week in Detroit, hot on the heels of IAA Mobility in Germany last week. These were traditionally among the “big five" global car shows alongside those in Paris, Geneva and Tokyo, before the pandemic broke a tradition already under strain.

11.09 / 15:13

UPS MET Uniqlo love show Roger Federer’s Life After Tennis: Less Cardio, More Carpool

In the year since Roger Federer announced his retirement from professional tennis, the 42-year-old Swiss athlete has been busy—co-chairing the annual Met Gala fundraiser, sitting front row at Dior’s couture show in Paris and, recently, debuting a tennis collaboration between Uniqlo and the fashion label JW Anderson. None of it has been as time-consuming as Federer’s new role as a carpool dad. “I’m basically a professional driver now," he said in a recent interview.

11.09 / 13:09

Lowe's Digital Action coinbase Strategy Bitcoin GALA price Bitcoin project Is Gala Going to Zero? GALA Price Keeps Falling as New Bitcoin Project Raises $1 Million

Gala Games (GALA) price action has entered complete free-fall as the once shining GameFi project crumbles amid an intense legal struggle between co-founders Eric Schiermeyer and Wright Thurston.

11.09 / 11:43

Digital Platform Training The perils of leaving AI model training to AI models

reality is less idyllic. Digital platforms often reflect the world's imperfections, complete with prejudices, biases, and toxic elements. Consequently, any AI system trained on such a diverse array of digital media is likely to inherit an average representation of these flaws.

11.09 / 10:35

Provident Target Booking UBS track country UBS to cut hundreds of wealth jobs in Asia as activity slows

UBS Group AG is cutting hundreds of wealth jobs in Asia just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy. Switzerland’s largest bank reduced some overlapping roles in the past months and further cuts are expected through November, according to people with knowledge of the matter, who asked not to be identified as the plans are private. The lender is set to eliminate a few hundred roles that include relationship managers in Hong Kong and Singapore, the majority within teams newly acquired from Credit Suisse, the people said. The number of cuts hasn’t been finalized, they said.

11.09 / 07:25

UPS Citi Booking Zions Macquarie private wealth Shaw and Partners adds Macquarie private wealth veteran to its ranks

Shaw and Partners has added a Macquarie adviser to its ranks as part of a push into the private wealth market.

what's happening in Switzerland

What is the current situation in Switzerland?

In Switzerland, the spotlight is on local government initiatives that spark public discussion.

Where can I find reliable news about Switzerland?

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

What shapes the media agenda in Switzerland?

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