Switzerland Financial News

17.08 / 19:17

BLOCK Reuters track electronic Nazi Senators NOT US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts

By Chris Prentice and Brenna Hughes Neghaiwi

17.08 / 16:55

COST Provident Ripple track Gotthard Rail Tunnel: World's longest, faces months of closure following freight crash

Gotthard Base Tunnel, renowned as the world's longest rail tunnel, has been abruptly shut down for passenger services due to a derailment that occurred earlier this month. Swiss authorities are grappling with extensive damage that is projected to necessitate months of intricate repairs.

17.08 / 12:23

UPS JSW Steel considers 75% interest in Teck's coal business: Report

JSW Steel Ltd is considering picking up a 75% interest in Teck Resources' steelmaking coal business Elk Valley Resources, according to a Bloomberg report. Bloomberg had reported in July that the Mumbai-based company was interested in up to 20% of Teck’s coal business. The potential deal could value the business at $8 billion, said Bloomberg, rivaling an earlier bid by Swiss commodities giant Glencore.

16.08 / 18:13

UPS Citizens country electronic Swiss Swiss government lines up behind EU's 11th round of sanctions against Russia

Switzerland’s government has lined up with the European Union’s 11th round of sanctions against Russia over its war in Ukraine

16.08 / 13:15

Adoption Europe European Union From the U.S. to Japan, regulators are beginning to embrace crypto

When it comes to cryptocurrency/blockchain regulation, considerable attention has been focused, this past year, on the United States' action (or inaction). But the U.S. is not the world, just one important player, and crypto, from its beginnings, has been a global enterprise.

15.08 / 18:53

Aware Enterprise Rare ARC seeks to aggregate Coffee Day Global loans

Coffee Day Global with the aim to emerge as majority lender, said people aware of the development. It is the unlisted company that operates Cafe Coffee Day (CCD) chain. The ARC has offered to make upfront payments of 60-65% of the outstanding dues, the people cited above said.

15.08 / 15:27

Reuters Ball BURST Celebrity Ten minutes of drama send delirious Spain into World Cup final

Spain await either the Matildas or England in the Women’s World Cup final after defeating Sweden 2-1 in a dramatic semi-final in Auckland that burst into colour in the final 10 minutes.

15.08 / 11:13

COST Williams Platform UBS show Backed UBS to pay $1.4B to settle mortgage-backed securities case

UBS Group AG agreed to pay $1.44 billion to settle a long-running case over US mortgage-backed securities, resolving one of the bank’s largest outstanding legal issues as it works toward integrating Credit Suisse.

15.08 / 05:15

UPS Exodus UBS country fraud case Financial UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case, last of such cases

UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession

15.08 / 01:37

UPS JPMorgan RBC JPMorgan poaches two bankers from Credit Suisse’s infra team

Two Credit Suisse infrastructure bankers are following their former boss, Tim Foy, to his new gig at JPMorgan.

14.08 / 22:55

COST CEO Immunic show social CSL profit rebounds on plasma, blockbuster drug sales

Blood products giant CSL has lifted full year underlying profit 10 per cent to $US2.61 billion ($4 billion) after a surge in sales of its core immunoglobulin division led by blockbuster therapies Privigen and Hizentra.

14.08 / 21:47

UBS show settlement UBS reaches $1.44B settlement in DOJ mortgage-bond case

UBS Group said it agreed to pay $1.44 billion to settle a case with the Department of Justice regarding how it handled residential mortgage-backed securities.

14.08 / 17:39

UPS Aware JPMorgan Citigroup UBS Backed UBS to pay $1.4 billion over fraud in mortgage-backed securities

In this article

14.08 / 14:43

COST UPS Gap UBS SVB Big Banks Are Supposed to Fail Without Causing Panics. Is That Even Possible?

Global regulators spent more than a decade trying to ensure that a large bank could fail without any government support. Despite this year’s bank failures, they are still working on it. Global regulators are reviewing the March failures, including Credit Suisse’s collapse and Swiss officials’ decision to push UBSto acquire its rival in a deal with billions of public money, people familiar with the probe said.

14.08 / 11:39

UBS Hartford UBS Wealth Management takes another $640M team from Wall Street firm

UBS Wealth Management has added another advisor team from Merrill Lynch and not for the first time this year.

14.08 / 11:39

Art Booking Action UBS Shell class action UBS faces new class action

Zurich’s commercial court is set to witness another lawsuit against UBS’s contentious acquisition of Credit Suisse. This fresh challenge is spearheaded by the Swiss Investor Protection Association, representing approximately 500 Credit Suisse equity investors, and is expected to be lodged Monday.

14.08 / 08:21

UBS companies Lawsuit Credit Suisse Swiss National Bank Takeover Credit Suisse shareholders sue over UBS takeover

SASV noted that UBS originally offered just CHF 1bn, then CHF 3bn for Credit Suisse, compared to the firm’s equity capital of CHF 54bn.

14.08 / 05:15

COST Action UBS CHF Takeover UBS faces legal challenge over Credit Suisse takeover, investors to lodge claim in Zurich court today

Credit Suisse, as hundreds of individual shareholders, including former employees of Credit Suisse, are planning to lodge a claim in Zurich’s commercial court today, Financial Times reported. The Swiss Investor Protection Association (SASV), representing retail investors, intends to file the claim on behalf of around 500 Credit Suisse equity investors who experienced significant losses when UBS took over the bank in March. The takeover, orchestrated by Swiss authorities, didn't allow shareholders in both banks to vote on the deal.

13.08 / 18:11

Action UBS Credit Suisse shareholders to file suit over UBS merger

shareholders in Credit Suisse will file a legal suit over the bank's forced rescue merger with UBS to obtain compensation for their losses, The Financial Times reported Sunday. The complaint will be filed Monday in Zurich, Arik Roschke of the Swiss shareholders' defence association (SASV) told the AWP news agency, confirming the report.

13.08 / 17:31

Aware Career country blues India holds talks for more migration deals

New Delhi: Following a slew of such agreements, India is in discussion with European countries including Switzerland to conclude migration agreements, according to persons aware of the matter. These pacts are expected to make it easier for Indians working across a range of sectors, including high-technology, to live, work and acquire professional experience across the world. Agreements have already been signed with the UK, Germany, Austria and Portugal for similar arrangements.

13.08 / 12:45

COST Digital Remark IBM performer IBM's prototype 'brain-like' chip promises greener AI

Tech major IBM has said that its prototype 'brain-like' chip could make artificial intelligence (AI) more energy efficient. There are growing concerns about the emissions generated by the large warehouses filled with computers that power AI systems, reports the BBC. According to IBM, its prototype could lead to more efficient, less battery-draining AI chips for smartphones.

breaking news about Switzerland

What is the current situation in Switzerland?

In Switzerland, the spotlight is on major events that affect the region’s daily life.

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.