Swiss private banks deny cross-border workers23 May 2019
Private banks in Geneva apparently have a secret rule that their employees shouldn’t be cross-border workers: living in France and working in Switzerland. Even though in the city there are more than 80,000 cross-border workers, the Genevan private banks discourage employees to follow this path. What’s the issue?
Swiss private banking sector crave deal with EU, good exchange rate17 May 2019
Association of Swiss Private Banks and Association of Swiss Asset and Wealth Management Banks claim the new framework deal with EU is vital if Switzerland wants to create wealth. Private banking sector craves also more government support regarding data protection and taxation issues
Swiss and China strengthen economic ties06 May 2019
Swiss President visited China and strengthened bilateral ties between two countries, but not without raising some controversies back in switzerland. Economic and finance matters were the focuses during the state visit.
Branches of UBS, Deutsche Bank to merge?30 April 2019
There are said to be ongoing negotiations for the asset management businesses of UBS and Deutsche Bank to merge in a deal that would create a new leader of the European investment industry. The Swiss giant and German bank are reportedly in serious talks.
Swiss franc to have the worst month since July 201723 April 2019
The Swiss franc is about to experience the worst month in terms of its exchange rate in almost two years, which will probably serve as some good news to the SNB. Swiss policy makers long have claimed the currency is overvalued.