Swiss biggest bank, UBS, returns to profit status after series of losses
UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its…
60,000 staffers sacked in 2023 by 20 of the world’s largest banks
A disturbing hail of sacks and downsizing trailed the global banking sector in 2023 with over 60,000 employees of banks losing their jobs among just 20 of the world’s biggest…
Hundreds lose jobs as UBS, Swiss biggest bank, begins restructuring
UBS, the Swiss largest bank, has announced the first steps of the restructuring of its investment banking division in an internal memo on Monday. The plans for the integration of…
Swiss banks to cut ties with Russian clients in caution to cut risks
Up to three-quarters of Credit Suisse’s Russian clients will have to look for a new bank, according to a report in the NZZ am Sonntag. This is because the risks…
Nigerians, others kept $2.4 trillion is Swiss Banks in 2022- Report
The ultra-rich, including the corrupt and the sleazy, still prefer to keep their wealth in Switzerland than in any other country with Swiss banks reportedly warehousing $2.4 trillion of assets…
Foreign investors own 60% of Swiss corporations, news study shows
Global financial institutions are increasingly dominating the shareholders of major Swiss companies. According to an Ernst & Young (EY) external link report commissioned by Swiss newspaper NZZ am Sonntagexternal link,…