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Latest Banking news and updates from Switzerland. AI-curated articles covering Banking topics.
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Pierre Mirabaud, former president of the Swiss Bankers Association, is due to stand trial over alleged bribes linked to the management of Kuwaiti public funds. The report should explain the indictment, the alleged CHF82 million in kickbacks and what the case says about accountability in Swiss private banking.
5 days ago · 1 source
Switzerland
The Swiss National Bank is backing the Federal Council’s tougher plan to require UBS to support foreign units with high-quality Swiss equity. The report should explain the capital debate and its implications for financial stability, UBS competitiveness and taxpayers.
SWI swissinfo.ch
Technology
Switzerland's leading payment app, Twint, is set to introduce a direct debit service by 2027, offering its over six million users a streamlined way to manage recurring bills for subscriptions, insurance, and more directly within the app.
SWI swissinfo.ch
Finance
Switzerland's financial regulator, FINMA, has highlighted a significant increase in cyber attacks and warned of the systemic risks posed by advanced Artificial Intelligence, placing the onus on banks to manage these escalating threats.
SWI swissinfo.ch
Finance
The Federal Council has put forth new regulations for public consultation aimed at holding bank executives more accountable and preventing risky bonus incentives, a direct response to the failings identified in the Credit Suisse debacle.
SWI swissinfo.ch
Finance
Swiss banking giant UBS has been ordered to pay $145 million in fines by US authorities for repeated and inadequate anti-money laundering controls between 2019 and 2023. The US regulator FinCEN described the bank as a repeat offender.
SWI swissinfo.ch
UBS
Swiss banking giant UBS has been hit with a $145 million fine in the United States for repeated failures in its anti-money laundering controls between 2019 and 2023. US authorities described the bank as a 'repeat offender,' with FinCEN imposing its largest-ever penalty on a broker-dealer.
SWI swissinfo.ch
Economy
The Swiss National Bank (SNB) announced a profit of CHF 25.17 billion for the first six months of 2026, primarily driven by substantial gains on its foreign currency positions, despite reporting a valuation loss on its gold holdings.
SWI swissinfo.ch
Finance
A new study by Moneyland.ch indicates that Swiss consumers pay a steep price for their loyalty to a single bank. By analyzing the combined annual costs for key services across nine major institutions, the report found that diversifying banking relationships could lead to significant savings, with the most expensive 'all-in-one' option costing nearly CHF1,000 per year.
SWI swissinfo.ch
Business
UBS has surpassed market expectations by posting a $2.8 billion profit for the second quarter, marking a 17% increase. Despite the strong performance, the bank remains cautious about future share buybacks due to ongoing debates in Switzerland concerning stricter capital requirements.
SWI swissinfo.ch
Finance
The Swiss Federal Criminal Court has fined the Geneva-based private bank Lombard Odier for organizational failures that allowed for money laundering in a case involving Gulnara Karimova, daughter of Uzbekistan's former president.
SWI swissinfo.ch
Finance
The Swiss Federal Criminal Court has fined Geneva-based private bank Lombard Odier, ruling it had inadequate organizational measures to prevent money laundering linked to Gulnara Karimova, daughter of Uzbekistan's former president.
SWI swissinfo.ch
Business
The Swiss corporate world presents a tale of two fortunes. While private bank Julius Bär posts record half-year profits, train manufacturer Stadler Rail faces a CHF10 million ransom from cybercriminals. This article contrasts the soaring successes and significant threats within Switzerland's dynamic economy.
SWI swissinfo.ch · +1 more
Finance
The Swiss private bank Julius Bär has reported a record half-year profit of CHF 673 million, more than doubling the figure from the previous year. The bank's assets under management climbed to an all-time high of CHF 547 billion, despite what it termed modest new money inflows.
SWI swissinfo.ch
Economy
The number of unemployed bank employees reached a record high of 4,474 in June, an increase of nearly 24% over the past year. The trend is particularly acute in Zurich as the sector continues to grapple with the aftermath of the Credit Suisse takeover.
SWI swissinfo.ch
Finance
Switzerland's financial regulator, FINMA, is calling for urgent action from banks to address the security risk from quantum computers, which could break current encryption systems. A survey revealed that while banks are aware of the threat, most lack a clear roadmap for migration to secure encryption.
SWI swissinfo.ch
Finance
The Basel-based private bank J. Safra Sarasin has announced its acquisition of the remaining stake in Saxo Bank, a Danish online investment specialist. This move will give the Swiss group 100% ownership, aiming to strengthen Saxo Bank's long-term growth while it continues to operate as a separate entity.
SWI swissinfo.ch
Business
Basel-based private bank J. Safra Sarasin has announced its complete takeover of Danish online investment firm Saxo Bank, acquiring the remaining shares to hold 100% of the company. The move aims to strengthen the bank's long-term structure while allowing Saxo Bank to continue as a separate entity and accelerate its growth.
SWI swissinfo.ch
Finance
The Swiss National Bank's latest report finds banking giant UBS capable of withstanding significant losses in a crisis. This vote of confidence comes as UBS actively trials new banking services for its US employees, a first step in a major strategic push to attract wealthy American clients.
SWI swissinfo.ch · +1 more
Finance
In the ongoing 'too big to fail' debate, Swiss Finance Minister Karin Keller-Sutter has forcefully reiterated her stance that stricter capital requirements for UBS, including for its foreign subsidiaries, are non-negotiable. At a recent forum, she called the measures essential for financial stability, framing them as a competitive advantage that builds confidence in the Swiss financial system.
SWI swissinfo.ch
