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Indian Money In Swiss Banks Triples On Banking Funds, Highest Since 2021
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and financial institutions, annual data released by Switzerland's central bank showed.
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Credit Suisse Merger With UBS To Cost 3,000 Jobs In Switzerland
Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000 job cuts in Switzerland in the coming years.
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Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.
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"Not The Demise Of Switzerland": Swiss President On Credit Suisse Fall
The failure of banking giant Credit Suisse and its emergency takeover does not mean the downfall of Switzerland, President Alain Berset said Tuesday, insisting bankruptcy would have had disastrous consequences.
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Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
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Swiss Brace For Major Job Losses After Credit Suisse Buyout
Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.
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''Even The Mighty Can Fall'': Elon Musk Reacts To Credit Suisse's $3.25 Billion Rescue Deal
Credit Suisse is Switzerland's second-largest bank and the world's eighth-largest investment bank.
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UBS Takeover Of Credit Suisse: Six Key Points
The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.
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Switzerland's Biggest Banks In Spotlight Over Likely "Merger Of Century"
UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.
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Man Drops $20,000 On Street In Switzerland. Then This Happened
When an elderly man suddenly realised that he was missing more than $20,000 in cash just withdrawn from a Swiss bank, he assumed he had been robbed.
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Swiss Artist Sculpts Sprawling Model Castle On Dried River Bank
Swiss artist Francois Monthoux's annual project to build clay sculptures on the banks of Switzerland's Toleure river has sprawled into a captivating castle complex this year as the drought afflicting Europe allows him to extend his dream world.
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Russians Have Up To $213 Billion Stashed Offshore In Swiss Banks
Switzerland's secretive banks hold up to $213 billion of Russian wealth, the country's financial industry association estimates, as sanctions on Russia give a rare glimpse inside Swiss vaults.
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Switzerland’s SEBA Bank Gets Approval to Operate Crypto Services in Abu Dhabi Global Market
Switzerland’s SEBA Bank will be offering crypto-focused investment, trading, and banking services now in UAE as well. The company has expanded to the Abi Dhabi Global Market (ADGM). This expansion of SEBA Bank comes three years after it was launched in 2018.
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Vast Leak Exposes Switzerland's 2nd Largest Bank's Trail Of Dirty Money
The "Suisse Secrets" data leak claiming to reveal how Credit Suisse handled billions of dollars in dirty money has renewed pressure on Switzerland's financial sector, which has spent years trying to clean up its image.
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Switzerland To Give Info On Real Estate Owned By Indians There: Report
India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland and this will include for the first time the data about real estate properties owned by Indians.
-
Indian Money In Swiss Banks Triples On Banking Funds, Highest Since 2021
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and financial institutions, annual data released by Switzerland's central bank showed.
-
Credit Suisse Merger With UBS To Cost 3,000 Jobs In Switzerland
Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000 job cuts in Switzerland in the coming years.
-
Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.
-
"Not The Demise Of Switzerland": Swiss President On Credit Suisse Fall
The failure of banking giant Credit Suisse and its emergency takeover does not mean the downfall of Switzerland, President Alain Berset said Tuesday, insisting bankruptcy would have had disastrous consequences.
-
Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
-
Swiss Brace For Major Job Losses After Credit Suisse Buyout
Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.
-
''Even The Mighty Can Fall'': Elon Musk Reacts To Credit Suisse's $3.25 Billion Rescue Deal
Credit Suisse is Switzerland's second-largest bank and the world's eighth-largest investment bank.
-
UBS Takeover Of Credit Suisse: Six Key Points
The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.
-
Switzerland's Biggest Banks In Spotlight Over Likely "Merger Of Century"
UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.
-
Man Drops $20,000 On Street In Switzerland. Then This Happened
When an elderly man suddenly realised that he was missing more than $20,000 in cash just withdrawn from a Swiss bank, he assumed he had been robbed.
-
Swiss Artist Sculpts Sprawling Model Castle On Dried River Bank
Swiss artist Francois Monthoux's annual project to build clay sculptures on the banks of Switzerland's Toleure river has sprawled into a captivating castle complex this year as the drought afflicting Europe allows him to extend his dream world.
-
Russians Have Up To $213 Billion Stashed Offshore In Swiss Banks
Switzerland's secretive banks hold up to $213 billion of Russian wealth, the country's financial industry association estimates, as sanctions on Russia give a rare glimpse inside Swiss vaults.
-
Switzerland’s SEBA Bank Gets Approval to Operate Crypto Services in Abu Dhabi Global Market
Switzerland’s SEBA Bank will be offering crypto-focused investment, trading, and banking services now in UAE as well. The company has expanded to the Abi Dhabi Global Market (ADGM). This expansion of SEBA Bank comes three years after it was launched in 2018.
-
Vast Leak Exposes Switzerland's 2nd Largest Bank's Trail Of Dirty Money
The "Suisse Secrets" data leak claiming to reveal how Credit Suisse handled billions of dollars in dirty money has renewed pressure on Switzerland's financial sector, which has spent years trying to clean up its image.
-
Switzerland To Give Info On Real Estate Owned By Indians There: Report
India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland and this will include for the first time the data about real estate properties owned by Indians.
