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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…
Swiss bank’s shares fall to record low as top shareholder Saudi National Bank rules out more fundingSVB collapse may be start of ‘slow rolling crisis’, warns BlackRock bossMore than £75bn was wiped off the FTSE 100 on Wednesday, as Swiss authorities st…
The Alpine state makes arms that Western allies want to send to Kyiv. Swiss law bans this, driving a national debate about whether its concept of neutrality should change.
Swiss national and three Russians appear in court in connection with accounts in name of Putin’s friend Sergei RolduginFour bankers have appeared in a Swiss court charged with helping to hide tens of millions of francs on behalf of Vladimir Putin.The m…
Decision means word cannot be restricted in US only for kind made originally in France or SwitzerlandA US appeals court has ruled that the word “gruyere” is a common label for cheese and cannot be reserved just for the kind made originally in France or…
Four Gazprombank executives accused of ‘due diligence’ failure in helping Sergey Roldugin deposit millions of Swiss francsFour bankers will stand trial in Zurich next week accused of helping a man known as “Vladimir Putin’s wallet” deposit millions of …
Mining and commodities firm’s pre-tax profit climbed 60% to £28.2bn last year, up £10.6bn on 2021Glencore will give almost £6bn to shareholders after the mining and commodities company reported record pre-tax profits of more than £28bn in 2022, boosted…