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Switzerland navigates own course through inflation maze

Switzerland navigates own course through inflation maze

Various central banks must pick a different path through the maze of inflation. KEYSTONE Central banks around the world are keeping savers and homeowners guessing about interest rates. Switzerland broke ranks with a drop in rates in March, from 1.75% to 1.5%. But predicting the future direction of interest rates is made more difficult by...

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Anti-Semitism ‘played no role’ in Raiffeisen Switzerland bank business

Anti-Semitism ‘played no role’ in Raiffeisen Switzerland bank business

A suggestion was made to rename Raiffeisenplatz, where the bank’s headquarters are located. Keystone/Gaetan Bally The Raiffeisen banking group has no history of prejudicial business behaviour against Jews in Switzerland despite the anti-Semitic views of its German founder, according to a report that was commissioned by the company. This content was published on April 19,...

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UBS finalises transfer of Credit Suisse securitisation business to Apollo – SWI swissinfo.ch

UBS finalises transfer of Credit Suisse securitisation business to Apollo – SWI swissinfo.ch

Under the new deal, announced on Wednesday, Apollo Global Management will purchase from UBS $8 billion of “senior secured financing facilities” as part of the Swiss bank’s efforts to wind down its non-core legacy portfolio KEYSTONE/© KEYSTONE / ENNIO LEANZA UBS Group and Apollo Global Management have reached an agreement regarding the carveout of Credit Suisse’s...

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Swiss financial watchdog fines Bank Audi for money-laundering violations – SWI swissinfo.ch

Swiss financial watchdog fines Bank Audi for money-laundering violations – SWI swissinfo.ch

FINMA determined that the bank failed to provide information and did not adequately vet high-risk client relationships. KEYSTONE/© KEYSTONE / PETER KLAUNZER The Swiss Financial Market Supervisory Authority (FINMA) has identified serious violations of money-laundering regulations at the private bank, Bank Audi. This content was published on March 25, 2024 – 13:34 FINMA is fining...

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SNB president says stronger Swiss franc painful for companies – SWI swissinfo.ch

SNB president says stronger Swiss franc painful for companies – SWI swissinfo.ch

Despite the pain for companies, Switzerland should nonetheless escape relatively unscathed, declared Swiss National Bank President Thomas Jordan on Tuesday. © Keystone / Anthony Anex A stronger franc has helped dampen inflation in Switzerland but has also been painful for domestic companies, according to Swiss National Bank President Thomas Jordan. This content was published on...