Banking & Fintech

Biotech company Bioversys is first IPO in 2025

Biotech company BioVersys is first Swiss IPO of 2025

This content was published on Feb 7, 2025 The Basel-based biotech company BioVersys made the first initial public offering (IPO) of the year in Switzerland on Friday.

Credit Suisse: Asian AT1 holders initiate legal proceedings

Asian investors sue Switzerland over Credit Suisse bond losses

This content was published on Feb 6, 2025 More than 500 investors from Singapore, Japan and Hong Kong have launched claims against Switzerland in relation to AT1 bonds.

UBS has cut 10,000 jobs since Credit Suisse takeover in 2023

This content was published on Feb 4, 2025 UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to integrate its former rival.

UBS beats market expectations with fourth quarter profit

UBS beats market expectations with bumper Q4 profit

This content was published on Feb 4, 2025 The Swiss bank UBS has reported a fourth-quarter net profit that surpasses analysts' expectations.

Julius Bär got its fingers burned with Signa property empire.

Swiss bank watchdog steps up Signa action against Julius Bär

This content was published on Feb 3, 2025 Swiss regulator Finma opens enforcement procedure against Julius Bär over risk failures linked to the collapse of the Signa real estate empire.

Julius Baer increases profit and cuts 400 jobs

Swiss private bank Julius Bär cuts 400 jobs despite profit boost

This content was published on Feb 3, 2025 Swiss private bank Julius Baer Group will shed 400 jobs despite seeing profits rise significantly last year.

CS fines from Mozambique case flow into SEC fund

Credit Suisse fines from Mozambique scandal to fund victims’ compensation

This content was published on Feb 1, 2025 The fines imposed on Credit Suisse for the Mozambique scandal will be allocated to a fund for the victims, amounting to $105.5 million.

UBS: Ermotti reiterates no to stricter capital requirements

UBS boss rejects stricter capital requirements

This content was published on Jan 31, 2025 UBS CEO Sergio Ermotti again rejects plans to make his bank hold more capital.

Berne removes EU from list of stock market protection measures

Switzerland to lift EU stock market restrictions from May

This content was published on Jan 29, 2025 The EU will be removed from the list of jurisdictions affected by Switzerland's stock market protection measures.

SMI back above 12,500 points for the first time since the beginning of 2022

SMI back above 12,500 points for first time since beginning of 2022

This content was published on Jan 28, 2025 The leading SMI index rose by almost 1% at times in the morning and traded above 12,500 points for the first time since the beginning of 2022.