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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 …
How Trump is manoeuvring Switzerland closer to the EU
2025-08-08
The US tariffs have sent shockwaves through Switzerland. They give a boost to those who advocate closer ties with the EU – and are a confirmation of international rapprochement in security policy. Swissinfo’s foreign affairs journalist Giannis Mavris analyses the impact on Swiss foreign policy. The referendum on the Bilateral III Agreements, the new package …
Swiss president to meet Marco Rubio for tariff talks
2025-08-06
Karin Keller-Sutter will be received by US Secretary of State Marco Rubio in Washington on Wednesday afternoon. The meeting is scheduled for 4:15pm Swiss time (10:15am local time), according to the US State Department on its website and is not open to the press. Keller-Sutter and Economics Minister Guy Parmelin arrived in Washington on Tuesday …
Swiss stock market shaken by tariff announcement
2025-08-04
The Swiss stock market was shaken on Monday morning after Friday’s blow from tariff talks. It remains to be seen how the Swiss government will proceed following the announcement of 39% customs duties. +Get the most important news from Switzerland in your inbox The Swiss Market Index fell as much as 1.9% Monday, although it …
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 …
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