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SWISS sees its operating profit fall mid-year
2025-07-31
SWISS Airlines saw its adjusted operating profit fall by more than a quarter in the first six months of the year, to CHF195.1 million ($240 million). Caution is called for in the second half of the financial year, the Lufthansa subsidiary said on Thursday. In the first half of the year, operating income remained virtually …
HSBC Suisse investigated by Swiss and French courts
2025-07-30
HSBC Private Bank (Switzerland) is in the sights of the Swiss and French judicial authorities on money laundering charges. +Get the most important news from Switzerland in your inbox According to the British banking group, the authorities in both countries are conducting criminal investigations against it. The probes relate to two “historic” banking relationships, according …
Reduced fine for Credit Suisse in currency cartel case
2025-07-23
The Court of Justice of the European Union has reduced the fine imposed on Credit Suisse from €83.2 million to €28.9 million, while confirming its involvement in a spot foreign exchange cartel. While Credit Suisse did indeed take part in the cartel, the Commission did not correctly determine the replacement value of its sales in …
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