Many Swiss politicians and members of the public remain angry about the recent rushed government deal to head off the potential collapse of Credit Suisse. This week a majority of the National Council, Switzerland’s federal parliament, voted in favour of measures to reduce the risk systemic big banks pose to taxpayers, reported RTS. Spearheaded by […]
Swiss government axes Credit Suisse bonuses
During a meeting on 5 April 2023, Switzerland’s Federal Council decided to axe or cut the bonuses of around 1,000 people at Credit Suisse. The move follows a rushed acquisition deal involving UBS and the Swiss authorities after a bank run threatened Credit Suisse’s solvency in mid-March. Switzerland’s Banking Act allows the Swiss government to […]
Credit Suisse’s turnaround is working, but vulnerable
Brought to you by Investec Switzerland. Just a month ago, Credit Suisse CEO Tidjane Thiam and Deutsche Bank CEO John Cryan risked, as one hedge fund manager put it, becoming the dead men walking of European banking as they struggled to shore up their firms’ profitability. Thursday’s results from Credit Suisse suggest Thiam may escape […]
SMI up, Roche up, Watch exports slump, Bank capital increases demanded
23 October 2015 – Weekly Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss financial market news Global stocks rallied after “Super Mario” signaled that additional monetary stimulus is on the table if growth continues to falter. The SMI outperformed global stocks after it received a further lift from hints that Europe […]
Markets mixed, strong franc concerns, Nestlé, Sika and Credit Suisse
18 September 2015 – Weekly Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss financial markets news Markets trend higher this week but look to give up gains on Friday after central banks again postpone rate changes… Read more. Swiss economic news The Swiss National Bank is still concerned about franc’s value […]
Credit Suisse’s new CEO’s early life and career
Today Credit Suisse announced the appointment of a new CEO, Tidjane Thiam. He is currently the Group Chief Executive of Prudential, the British financial services firm made famous in 1850s England by its army of door-to-door salesmen who sold insurance policies to the working class population for premiums as low as one penny. These salesmen became […]
EU inaction in the face of corruption
You have just sat down to dinner with your family only to be interrupted by a knock at the door. You open the door and are handcuffed and dragged off into the night under a European arrest warrant to serve a prison term in a foreign country for a crime that you never committed. This […]
