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All ski tourers survived the slide near summit of the Alphubel with light to moderate injuriesNine skiers survived a major avalanche high in the Swiss Alps on Saturday, emerging with only light to moderate injuries.All nine were found by rescuers and a…
Shareholders lash out during final AGM as boss apologises for crisis that led to takeover of lender by UBSFurious Credit Suisse investors at its final ever annual meeting blocked executive pay plans and called for board members to be “put behind bars”,…
Inquiry to focus on whether emergency state-backed UBS takeover breached criminal lawSwitzerland’s federal prosecutor has launched an investigation into whether last month’s state-backed takeover of the stricken bank Credit Suisse by its bigger rival U…
Executives helped Sergei Roldugin deposit millions of francs in Swiss accounts between 2014 and 2016Four bankers who helped Vladimir Putin’s close friend Sergei Roldugin move millions of francs through bank accounts in Zurich have been convicted of fin…
The accounts were opened in the name of Sergei P. Roldugin, a concert cellist nicknamed “Putin’s wallet.”
Group of Swiss women and French ex-mayor suing their governments in first such cases heard by rights courtThe governments of Switzerland and France have been accused of breaching the human rights of their citizens by not acting decisively enough on cli…
German lender and and Switzerland’s UBS among those hit, while FTSE 100 dragged downBusiness live updates: banking sell-off intensifiesA sharp sell-off of European banking shares resumed on Friday as market jitters about the health of the sector refuse…
“This is no bailout,” said Karin Keller-Sutter, the Swiss finance minister, calling the deal a commercial solution to avoid bankruptcy and collateral damage.
Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concernsSilicon Valley Bank’s parent company files for bankruptcyCredit Suisse hit by legal action from US investorsCredit Suisse shares came under renewed pressur…
After largest shareholder was unable to provide backing, Europe’s 17th largest lender says it will use government help to become ‘simpler and more focused’ Credit Suisse has announced that it will take a CHF50bn ($53.7bn) loan from the Swiss central ba…