https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Credit Suisse, Switzerland's second-biggest bank, said Tuesday it would reorientate its domestic services towards digital banking, with a quarter of its Swiss branches to close and hundreds of jobs at risk. https://www.thelocal.ch/20200826/credit-suisse-slashes-jobs-branches-in-online-move Wed, 26 Aug 2020 11:20:44 +0200 credit-suisse-slashes-jobs-branches-in-online-move A woman activist spray painted a message on a billboard outside Switzerland’s central bank on Friday in an echo of a similar protest last year in which an 86-year-old woman was arrested. https://www.thelocal.ch/20180427/swiss-national-bank-hit-by-new-spray-paint-attack Fri, 27 Apr 2018 15:00:46 +0200 swiss-national-bank-hit-by-new-spray-paint-attack Zurich cantonal bank (ZKB) has determined the best location for its new cableway across Lake Zurich, a project aiming to celebrate the bank’s 150th birthday in 2020. https://www.thelocal.ch/20180131/zurich-bank-picks-location-for-cableway-over-lake Wed, 31 Jan 2018 10:23:19 +0100 zurich-bank-picks-location-for-cableway-over-lake Credit Suisse, Switzerland's second-biggest bank, said on Thursday that its net profit soared in the third quarter as it makes progress with an ambitious restructuring and cost-cutting programme. https://www.thelocal.ch/20171102/credit-suisse-reports-big-jump-in-net-profit Thu, 02 Nov 2017 11:08:33 +0100 credit-suisse-reports-big-jump-in-net-profit Switzerland’s second biggest bank, Credit Suisse, has been fined 90 million dollars by United States financial regulators. https://www.thelocal.ch/20161006/credit-suisse-slapped-with-us-fine-for-misleading-investors Thu, 06 Oct 2016 13:53:14 +0200 credit-suisse-slapped-with-us-fine-for-misleading-investors Switzerland says it has widened its probe into Malaysia's scandal-tainted state investment fund, 1MDB, with transactions worth $800 million under scrutiny and evidence pointing to fraud through "a Ponzi scheme". https://www.thelocal.ch/20161005/swiss-widen-probe-into-malaysian-1mdb-fund Wed, 05 Oct 2016 15:20:57 +0200 swiss-widen-probe-into-malaysian-1mdb-fund The Swiss National Bank (SNB) says it has "intervened" in the foreign exchange market to stabilize the franc, considered a safe haven currency, following the Brexit vote. https://www.thelocal.ch/20160624/snb-moves-to-stabilize-franc-after-brexit-vote Fri, 24 Jun 2016 11:52:32 +0200 snb-moves-to-stabilize-franc-after-brexit-vote Swiss banking giant Credit Suisse says it is aiming to cut an extra almost $1 billion in costs and slash thousands more jobs as it beefs up an ongoing restructuring programme. https://www.thelocal.ch/20160323/credit-suisse-to-shed-more-jobs-slash-costs-again Wed, 23 Mar 2016 10:54:58 +0100 credit-suisse-to-shed-more-jobs-slash-costs-again The new chief executive at banking giant Credit Suisse had good news to report on Thursday – a higher than expected profit in the second quarter. https://www.thelocal.ch/20150723/credit-suisse-reports-billion-franc-profit Thu, 23 Jul 2015 10:58:15 +0200 credit-suisse-reports-billion-franc-profit Swiss banking giant Credit Suisse says that resolving a dispute with Washington over its past assistance to US tax dodgers is a top priority. https://www.thelocal.ch/20140509/cs-says-doing-all-possible-to-end-us-tax-dispute Fri, 09 May 2014 18:25:00 +0200 cs-says-doing-all-possible-to-end-us-tax-dispute Pakistan is to hold talks with Switzerland on a new tax treaty in the hope of retrieving state assets illegally stashed in the Swiss banking system. https://www.thelocal.ch/20140509/pakistan-to-hold-swiss-talks-to-return-illicit-money Fri, 09 May 2014 17:21:00 +0200 pakistan-to-hold-swiss-talks-to-return-illicit-money Swiss labour inspectors said Thursday they were investigating the Zurich offices of US bank Goldman Sachs after staff complained about breaches of rules on working hours. https://www.thelocal.ch/20130912/zurich-inspects-goldman-sachs-over-work-rules Fri, 13 Sep 2013 00:43:00 +0200 zurich-inspects-goldman-sachs-over-work-rules Bayern Munich boss Uli Hoeness said on Thursday he will take legal action over allegations he hid more than a hundred million euros in a Swiss bank account, which he says amount to slander. https://www.thelocal.ch/20130808/bayern-boss-contests-swiss-bank-account-allegations Thu, 08 Aug 2013 15:45:00 +0200 bayern-boss-contests-swiss-bank-account-allegations Swiss banking giant Credit Suisse has reported a 32 percent rise in second-quarter profit from a year ago to 1.04 billion francs, largely thanks to a strong trading performance. https://www.thelocal.ch/20130725/credit-suisse-and-pharma-roche-post-jump-in-profits Thu, 25 Jul 2013 10:54:00 +0200 credit-suisse-and-pharma-roche-post-jump-in-profits Swiss big bank UBS has reported a net profit of 988 million francs in the first three months of the year, far more than analysts had expected. https://www.thelocal.ch/20130430/ubs-surprises-with-high-first-quarter-profit Tue, 30 Apr 2013 10:40:00 +0200 ubs-surprises-with-high-first-quarter-profit Switzerland will likely have no choice but to give up its cherished bank secrecy practices amid mounting international pressure to fight tax evasion, a top scholar of banking law said in an interview published on Saturday. https://www.thelocal.ch/20130420/swiss-will-be-forced-to-give-up-bank-secrecy-expert Sat, 20 Apr 2013 21:44:00 +0200 swiss-will-be-forced-to-give-up-bank-secrecy-expert Switzerland's supreme court on Thursday ordered Austrian bank UniCredit to pay Germany over 254 million euros ($333 million) to end a legal battle dating back to the fall of the Berlin Wall two decades ago. https://www.thelocal.ch/20130411/top-swiss-court-orders-return-of-millions-stolen-from-germany Thu, 11 Apr 2013 19:56:00 +0200 top-swiss-court-orders-return-of-millions-stolen-from-germany The Swiss National Bank (SNB) has reported a profit of 6.9 billion francs in 2012 – one billion more than estimated in January. https://www.thelocal.ch/20130307/national-bank-records-higher-than-expected-profit Thu, 07 Mar 2013 11:22:00 +0100 national-bank-records-higher-than-expected-profit Swiss banking giant Credit Suisse said on Thursday that third-quarter net profit plunged 63 percent to 254 million Swiss francs ($225.6 million) and that it would enact further cost cutting measures. https://www.thelocal.ch/20121025/credit-suisse-eyes-new-cuts-as-profits-plunge Thu, 25 Oct 2012 11:23:28 +0200 credit-suisse-eyes-new-cuts-as-profits-plunge With their long-cherished secrecy practices increasingly under attack, Swiss banks are scrambling for a new way to attract wealthy foreign clients. https://www.thelocal.ch/20120917/swiss-banking-secrecy-is-over Mon, 17 Sep 2012 12:16:00 +0200 swiss-banking-secrecy-is-over