Category Archive: 3) Swiss Markets and News

Main Author Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

Credit Suisse and Nomura warn of losses after Archegos-linked sell-off

Credit Suisse and Nomura have warned of large losses after a fire sale of about $20bn of Chinese and US stocks, as their client Archegos Capital Management was forced into a huge unwinding of assets.

Read More »

Credit Suisse warns of ‘highly significant’ loss linked to hedge fund

The Swiss bank Credit Suisse says it may face a “highly significant” loss in the first quarter due to an unnamed American hedge fund client defaulting on margin calls. In a statement issued on Monday, the bank said: “While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results”.

Read More »

Covid-19: Can Swiss artists survive on current support measures?

The Covid-19 pandemic has taken a heavy toll on the Swiss arts scene. Support measures have been introduced to “preserve cultural diversity” and some cantons have even launched monthly income support schemes for artists. But will these measures be enough?

Read More »

Mobile Banking personalisieren

► Mobile Banking personalisieren ► UBS E-Banking ► https://www.ubs.com/ch/de.html ► UBS Schweiz – Ihre Bank – seit über 150 Jahren. Wir zeigen Ihnen in diesem Video, wie Sie Mobile Banking ganz einfach personalisieren und Ihren Bedürfnissen anpassen können. ► Mehr rund um das Thema Mobile Banking finden Sie hier: https://www.ubs.com/ch/de/private/digital-banking/private/mobile-banking.html ► Abonnieren Sie UBS Schweiz:...

Read More »

How to personalize Mobile Banking

► How to personalize Mobile Banking ► UBS Mobile Banking ► https://www.ubs.com/ch/en.html ► UBS Switzerland - your bank - for over 150 years. In this video, we show you how easy it is to personalize Mobile Banking and customize it to your preferences. ► You can find more information about mobile banking here: https://www.ubs.com/ch/en/private/digital-banking/private/mobile-banking.html ► Subscribe to UBS Switzerland:...

Read More »

Personalizzare il Mobile Banking

► Personalizzare il Mobile Banking ► UBS Mobile Banking ► https://www.ubs.com/ch/it.html ► UBS Svizzera - la vostra banca - da oltre 150 anni. In questo video vi mostriamo come potete personalizzare il Mobile Banking in tutta semplicità, adattandolo alle vostre esigenze. ► Potete trovare ulteriori informazioni sul mobile banking qui: https://www.ubs.com/ch/it/private/digital-banking/private/mobile-banking.html ► Abbonatevi a UBS Svizzera:...

Read More »

Personnalisation du Mobile Banking

► Personnalisation du Mobile Banking► UBS Mobile Banking ► https://www.ubs.com/ch/fr.html ► UBS Suisse - votre banque - depuis plus de 150 ans. Cette vidéo vous apprend comment personnaliser facilement votre Mobile Banking et l’adapter à vos besoins. ► Vous trouverez de plus amples information sur les services bancaires mobiles à l'adresse suivante : https://www.ubs.com/ch/fr/private/digital-banking/private/mobile-banking.html ► Abonnez-vous à...

Read More »

Swiss-EU relations hang in the balance

Discussions between the EU and Switzerland over the future of their bilateral relations could be on the verge of collapse. Over 100 bilateral treaties set the terms of relations between the two. These need updating. A framework agreement has been hammered out over seven years but there are sticking points and the deal is under fire from across the Swiss political spectrum. --- swissinfo.ch is the international branch of the Swiss Broadcasting...

Read More »

Pandemic hurts box office takings at Swiss cinemas

Ticket sales at Swiss cinemas plummeted by two-thirds last year as venues were forced to close their doors. Of the films that could be shown, Swiss movies made up a greater share of the total offering.

Read More »

Swiss ‘too big to fail’ banks pose little risk to the economy

Three of Switzerland’s “too big to fail” banks no longer threaten to cause a seismic shift in the economy should they collapse, says the financial regulator. Zurich Cantonal Bank, PostFinance and the Raiffeisen banking group are now deemed to have put into place credible plans for an orderly bankruptcy.

Read More »

Swiss upper house votes to raise pension age for women

As Switzerland’s population ages the number of people paid state pension is rising relative to the number of workers funding it. Since 2014, more has been paid out than has been paid in. The most effective way to fix this imbalance is to raise the pension age. If the average life expectancy of a retiree is 15 years, then raising the pension age by one year will cut the cost by nearly 7%.

Read More »

Switzerland is wrangling over implementation of tougher tobacco laws

The Swiss parliament is currently debating tightening restrictions on advertising of tobacco products. This comes after a people’s initiative calls for a radical advertising ban to protect children.

Read More »

Credit Suisse Claws Back Bonuses, ‘Restructures’ Asset-Management Unit As Greensill Scapegoating Continues

Credit Suisse is still reeling from the collapse of Greensill Capital, a firm which it championed by helping to sell its financial products (created by ensconcing trade invoices in a complex securities wrapper).

Read More »

How the Swiss central bank could control the cost of pandemic debt

The cost of paying off spiralling national debt in the United States and Switzerland is rising as interest rates increase. This makes the financing of pandemic expenditure more expensive. That's not a problem in Japan where the central bank is holding interest rates in check. Would the Japanese recipe also be something for Switzerland?

Read More »

Bitcoin Suisse bank license bid hits regulatory roadblock

Cryptocurrency firm Bitcoin Suisse has withdrawn its application for a banking license, in part because it failed to meet the anti-money laundering requirements of the Swiss financial regulator.

Read More »

How vaccine passports may make Swiss e-ID rejection obsolete

UN economist Ian Richards argues that Swiss voters' fears of a proposal for an e-ID may be swept away as more countries see the benefits of digitising documents, including vaccine passports.

Read More »

A nightclub in an isolated Swiss town

Before Juliane and Nici opened Cult, young people in the eastern Swiss town of Scuol had to drive for miles – even across the border into Austria – for a bit of fun.

Read More »

Art Basel and UBS Global Art Market Report: Online sales reached record highs in 2020, doubling in value

Art Basel and UBS announced today the publication of the fifth Art Basel and UBS Global Art Market Report, authored by renowned cultural economist Dr Clare McAndrew. The report integrates insight from a recent survey of 2,569 high-net-worth (HNW) collectors, conducted by Arts Economics and UBS Investor Watch, across ten markets: the United States, United Kingdom, France, Germany, Italy, Hong Kong, Taiwan, Singapore, Mexico, and for the first time...

Read More »

Hack on US security-camera company sparks Swiss police raid

Swiss authorities on Monday confirmed a police raid at the home of a Swiss hacker who took credit for helping to break into a US security-camera company’s online networks, part of what the hacker cited as an effort to raise awareness about the dangers of mass surveillance.

Read More »

Flu deaths surprisingly rare in Switzerland

Sometimes comparisons are drawn between the seasonal flu and Covid-19. But how many die from the seasonal flu in a typical year? According to Switzerland’s Federal Statistical Office, surprisingly few.

Read More »