United Kingdom

Brenna Hughes Neghaiwi

Swiss watchdog investigates banks over alleged payments system boycott

15 Nov 2018

ZURICH Switzerland's competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS , to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay . | Video

Swiss propose gold transparency to avoid human rights breaches

14 Nov 2018

ZURICH Switzerland stopped short of new laws to ensure that gold it imports for refining has not been produced in violation of human rights, proposing greater industry transparency instead.

UPDATE 1-Zurich Insurance boosts 9-month revenue, storm losses continue

08 Nov 2018

ZURICH, Nov 8 Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe losses.

UPDATE 2-Swiss asset manager GAM looks for new CEO to lead turnaround

06 Nov 2018

* Shares down more than 2 percent (Adds comments from investors, analysts)

Credit Suisse defends trading arm as profit jump fails to convince market

01 Nov 2018

ZURICH Credit Suisse defended its global markets trading arm on Thursday, even as losses at the division took the shine off a jump in quarterly profit as the bank wraps up a three-year revamp under Chief Executive Tidjane Thiam.

UBS targets American wealth for growth as investment bank shines

25 Oct 2018

ZURICH UBS said it is targeting ultra-rich Americans for growth, as it reported a strong investment banking performance which offset sluggishness in its wealth management business. | Video

Swiss startup SEBA raises funds to build crypto bank

27 Sep 2018

ZURICH Swiss startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to build a bank offering cryptocurrency services to companies and investors while extending traditional banking services to firms in the new industry.

Switzerland tries to stem blockchain exodus by improving access to banks

21 Sep 2018

ZURICH In an effort to maintain its status as a cryptocurrency hub, Switzerland has taken steps to help blockchain companies access the traditional financial system by making it easier for them to open corporate bank accounts.

Cryptocurrency project Tezos to launch main network next week

14 Sep 2018

NEW YORK/ZURICH The Tezos cryptocurrency project is preparing to launch the long-awaited main version of its network that underpins a new virtual token on Monday, a Swiss foundation that promotes the initiative said on Twitter on Friday.

World News