Black money in Swiss banks
Wildly exaggerated numbers have been floated on the amount of black money belonging to Pakistanis lying in Swiss banks. The claims with regard to such sums of money stashed abroad…
Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients
Switzerland’s financial supervisor has been scrutinising how UBS vets risky wealthy clients that it wants to transfer from Credit Suisse, sources said, as the regulator takes a hands-on approach to…
UBS market strength puts Swiss industry on edge
UBS’s takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank’s outsize market strength. The historic 2023 deal created a…
A year on from Credit Suisse’s rescue, banks remain vulnerable
A year after the banking crisis that felled Credit Suisse, authorities are still considering how to fix lenders’ vulnerabilities - including in Switzerland, where the bank’s takeover by rival UBS…
Banks break taboo for high-risk bonds
Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically…
As worries over banks swirl, investors seek protection against market crash
Investors are increasingly seeking insurance against a sudden crash in stocks, fearing that more tumult is in store for markets after worries over the banking system shook asset prices over…
Swiss Cold War bunkers back in vogue as Ukraine conflict rages
Russia’s invasion of Ukraine has reawakened interest in Switzerland’s concrete nuclear fallout shelters, built during the Cold War with enough space to shelter everyone in the country. Since the 1960s,…
Swiss ‘real money’ fallout would ripple across markets
The Swiss central bank (SNB) has built up a $750 billion war chest after years of currency interventions but a referendum to limit money creation, if passed, could end such…
Swiss traders look for hedges
Switzerland's banking and monetary system is facing the possibility of a huge shake-up, and while the possibility looks remote, investors are buying up insurance against swings in the franc and…
Follow the Fed? Why central banks won’t be rushed on virus response
Will the world’s big central banks leave US Federal Reserve Chair Jerome Powell hanging? They’re certainly going to try. No major central bank has yet matched the Fed’s emergency rate…
