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Thomas A. Bär, former Julius Bär bank chair and co-founder of law firm Bär & Karrer, passed away on December 24, 2024 aged 87.
SNB stayed out of FX markets despite third-quarter franc rally
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The Swiss National Bank again refrained from significantly influencing the franc in the third quarter of 2024, even as the currency saw a rally.
In banking, Switzerland can’t afford ‘model pupil syndrome’, says UBS CEO
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UBS Group CEO Sergio Ermotti says competition between banks in Switzerland will continue even following the takeover of rival Credit Suisse.
Parliamentary inquiry on Credit Suisse collapse blames mismanagement
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Credit Suisse's years of mismanagement were at the root of its downfall in March 2023, the parliamentary commission of inquiry concluded on Friday.
Raiffeisen Switzerland CEO steps down unexpectedly
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Raiffeisen Switzerland CEO Heinz Huber is stepping down at the end of the year. This means that Switzerland's second-largest banking group after UBS is looking for a new CEO.
Zurich court throws out ‘cum-ex’ case against German lawyer
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A trial against a German lawyer, accused of breaching Swiss banking secrecy investigating 'cum-ex' transactions, has collapsed.
Swiss National Bank lowers key interest rate by 0.5%
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The Swiss National Bank lowers benchmark interest rate by a surprisingly hefty 0.5%. The reference rate now stands at 0.5%.
Swiss fintech Leonteq has profits confiscated after regulatory breach
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Swiss derivatives firm Leonteq acted in serious violation of regulatory obligations and must to hand over CHF9.3 million in profits.
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