Swiss private bank Lombard Odier charged with serious money laundering
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The Office of the Attorney General of Switzerland has charged the private bank Lombard Odier and a former employee with serious money laundering.
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The Federal Criminal Court has acquitted UBS following appeal proceedings in connection with money laundering charges linked to the Bulgarian mafia. The bank inherited the case from Credit Suisse.
Initiative launched for tougher environmental rules for Swiss financial industry
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An alliance of political parties and business and environmental groups has launched a people's initiative calling for stricter environmental rules for the Swiss finance sector.
Swiss central banker wants to boost equity to head off risks
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Equity levels at the Swiss National Bank (SNB) are much too low for the risks its large balance sheet poses, according to Martin Schlegel.
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None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.
Swiss financial watchdog foresees greater uncertainty due to geopolitics
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The Swiss financial sector will face greater uncertainty due to the numerous geopolitical conflicts around the world, warns the Swiss Financial Market Supervisory Authority (FINMA).
US reportedly scrutinises Russian accounts UBS took over from Credit Suisse
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The US is investigating Russian clients acquired by UBS during its takeover of Credit Suisse, according to three sources familiar with the matter.
Should Switzerland take measures to support its industries?
Industrial policies are back in fashion, not only in the United States but also in the EU. Should Switzerland, where various industries are struggling, draw inspiration from such policies?
