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Swiss central bank makes sharp increase in foreign exchange purchases
2025-09-30
Foreign exchange purchases by the Swiss National Bank (SNB) increased significantly in the second quarter. +Get the most important news from Switzerland in your inbox Between April and June, the institution bought the equivalent of CHF5.1 billion ($6.4 billion), according to statistics published on Tuesday, as usual at the end of the quarter following the …
Swiss central bank explores link to Eurozone instant payment system
2025-09-29
The Swiss National Bank (SNB) and the European Central Bank (ECB) are examining the possibility of linking the instant payment systems of the two areas. +Get the most important news from Switzerland in your inbox The two entities have started an exploratory phase to connect the IP service and the SIC system with the Eurosystem’s …
UBS ‘boosts bonuses’ to keep top wealth staff
2025-09-24
UBS bank is raising the payouts earned by its wealth advisers in the United States, with the aim of retaining and hiring personnel at a time of intense competition for talent. +Get the most important news from Switzerland in your inbox Earlier this month, the Swiss bank announced internally that it would increase rewards for …
France: UBS pays €835 million to settle tax dispute
2025-09-23
UBS has settled an old tax dispute in France and will pay a total of 835 million euros (CHF780.7 million) to put an end to this case dating from 2004 to 2012, it announced on Tuesday. +Get the most important news from Switzerland in your inbox The €835 million to be paid breaks down into …
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