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 Hackers have stolen account data from the online bank Revolut, with a number of Switzerland- based clients also impacted. https://www.thelocal.ch/20260918/revolut-bank-customers-in-switzerland-targetted-by-hackers Fri, 18 Sep 2026 15:43:01 +0200 revolut-bank-customers-in-switzerland-targetted-by-hackers Americans living in Switzerland are reporting multiple problems dealing with Switzerland's financial institutions - from denial of services to hefty fees. Now some are not accepting checks issued in the United States. https://www.thelocal.ch/20260828/do-swiss-banks-still-accept-american-checks Fri, 28 Aug 2026 14:25:48 +0200 do-swiss-banks-still-accept-american-checks Switzerland's government, drawing on the lessons of the collapse of Credit Suisse, launched consultations on new banking rules that could limit bankers' bonuses. https://www.thelocal.ch/20260813/switzerland-seeks-to-tighten-rules-on-bankers-bonuses Thu, 13 Aug 2026 09:15:17 +0200 switzerland-seeks-to-tighten-rules-on-bankers-bonuses Switzerland's central bank left interest rates unchanged at zero percent on Thursday, a move widely expected by analysts, but said it was watching out for signs of upward pressure on the Swiss franc currency. https://www.thelocal.ch/20260618/swiss-central-bank-holds-interest-rates-as-it-eyes-risk-on-currency Thu, 18 Jun 2026 14:33:57 +0200 swiss-central-bank-holds-interest-rates-as-it-eyes-risk-on-currency When it comes to borrowing money from a Swiss bank, nationality may play a role in some cases, but not in others. This is what you should know about this process. https://www.thelocal.ch/20210603/reader-question-can-a-foreign-national-obtain-a-loan-in-switzerland-and-under-what-conditions Thu, 03 Jun 2021 14:31:08 +0200 reader-question-can-a-foreign-national-obtain-a-loan-in-switzerland-and-under-what-conditions Switzerland’s bank secrecy is legendary, but does it apply to any resident, regardless of their nationality? https://www.thelocal.ch/20251013/can-foreign-residents-benefit-from-swiss-banking-secrecy Mon, 13 Oct 2025 15:28:32 +0200 can-foreign-residents-benefit-from-swiss-banking-secrecy Switzerland’s banks are synonymous with money - plenty of it - but cash transactions are now on the way out. Here’s why. https://www.thelocal.ch/20250820/how-over-the-counter-services-are-disappearing-from-swiss-banks Wed, 20 Aug 2025 14:28:45 +0200 how-over-the-counter-services-are-disappearing-from-swiss-banks A Zurich Bank is hitting US clients with hefty fees after passing on extra costs linked to their accounts directly to the customers, according to reports on Thursday. https://www.thelocal.ch/20250703/swiss-bank-applies-hefty-charge-to-us-customers-living-in-switzerland Thu, 03 Jul 2025 19:19:21 +0200 swiss-bank-applies-hefty-charge-to-us-customers-living-in-switzerland Everyone has heard of ‘numbered accounts’ in Swiss banks. But do they really exist, and can anyone open them? https://www.thelocal.ch/20250616/can-anyone-open-a-numbered-bank-account-in-switzerland Mon, 16 Jun 2025 14:01:30 +0200 can-anyone-open-a-numbered-bank-account-in-switzerland Depending on how much money you keep in Swiss bank accounts the fees could add up to quite a lot. But what if you deal with online, rather than brick-and-mortar, institutions? https://www.thelocal.ch/20250605/what-are-the-cheapest-online-banks-in-switzerland-in-2025 Thu, 05 Jun 2025 17:43:08 +0200 what-are-the-cheapest-online-banks-in-switzerland-in-2025 There are dozens of local — or 'regional' — banks in Switzerland. How are they different from the ‘national’ banks? https://www.thelocal.ch/20250520/is-it-better-to-put-your-money-in-one-of-switzerlands-regional-banks Tue, 20 May 2025 14:51:30 +0200 is-it-better-to-put-your-money-in-one-of-switzerlands-regional-banks It is generally believed that the ultra-rich in the United States support their president, if only because he is business and tax-friendly. But when it comes to protecting their wealth, they seem to like Switzerland more. https://www.thelocal.ch/20250326/why-are-more-and-more-wealthy-americans-putting-their-money-in-swiss-banks Wed, 26 Mar 2025 16:38:58 +0100 why-are-more-and-more-wealthy-americans-putting-their-money-in-swiss-banks When it took over Credit Suisse in 2023, UBS , Switzerland’s largest financial institution, discontinued two services formerly offered by the failed bank. https://www.thelocal.ch/20250212/which-services-does-ubs-bank-no-longer-offer-former-credit-suisse-clients Wed, 12 Feb 2025 11:31:05 +0100 which-services-does-ubs-bank-no-longer-offer-former-credit-suisse-clients Swiss private bank Lombard Odier has been charged with money laundering following an investigation linked to a corruption case against Gulnara Karimova, the daughter of Uzbekistan's former president, prosecutors said Friday. https://www.thelocal.ch/20241130/swiss-bank-odier-lombard-charged-with-money-laundering Sat, 30 Nov 2024 16:03:39 +0100 swiss-bank-odier-lombard-charged-with-money-laundering After Switzerland’s central bank has cut its interest rate twice this year — in June and September, bringing it down to 1 percent — many banks have reduced the interest they pay on customers’ accounts as well. But some banks are more generous than others. https://www.thelocal.ch/20241008/which-swiss-banks-offer-the-best-savings-rates-in-autumn-2024 Tue, 08 Oct 2024 15:44:47 +0200 which-swiss-banks-offer-the-best-savings-rates-in-autumn-2024 If you live and/or work in Switzerland, you will need a local bank account. But can a financial institution turn you down? https://www.thelocal.ch/20240405/can-a-swiss-bank-refuse-to-deal-with-a-foreign-client Fri, 05 Apr 2024 15:34:26 +0200 can-a-swiss-bank-refuse-to-deal-with-a-foreign-client The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse. https://www.thelocal.ch/20240328/switzerland-must-strengthen-control-of-its-financial-sector-imf-warns Thu, 28 Mar 2024 16:29:49 +0100 switzerland-must-strengthen-control-of-its-financial-sector-imf-warns It defies all logic that any company would tell its clients to take their business elsewhere. But that is exactly what’s happening in Switzerland. https://www.thelocal.ch/20240110/can-your-swiss-bank-close-your-account-without-telling-you-why Wed, 10 Jan 2024 15:10:38 +0100 can-your-swiss-bank-close-your-account-without-telling-you-why The Credit Suisse brand will eventually disappear, the head of UBS told the Swiss daily Le Temps on Tuesday, saying it was not realistic to keep two brands after having rescued its failing Swiss rival earlier this year. https://www.thelocal.ch/20231031/switzerlands-credit-suisse-brand-to-disappear-says-ubs-chief Tue, 31 Oct 2023 16:17:03 +0100 switzerlands-credit-suisse-brand-to-disappear-says-ubs-chief Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would result in 3,000 job cuts in Switzerland in the coming years. https://www.thelocal.ch/20230831/ubs-to-cut-3000-job-cuts-in-switzerland-after-credit-suisse-merger Thu, 31 Aug 2023 12:06:04 +0200 ubs-to-cut-3000-job-cuts-in-switzerland-after-credit-suisse-merger