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Swiss private banks deny cross-border workers

Swiss private banks deny cross-border workers

23 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 rate

Swiss private banking sector crave deal with EU, good exchange rate

17 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 ties

Swiss and China strengthen economic ties

06 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?

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 2017

Swiss franc to have the worst month since July 2017

23 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.

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