Switzerland’s financial watchdog has temporarily banned the Zurich-based bank from making big aquisitions, for not complying with money laundering standards in the period 2009-2018. The Swiss Financial Market Supervisory Authority (FINMA) cited t...

Switzerland’s largest bank, UBS, has announced that CEO Sergio Ermotti will step down this autumn to be replaced by Ralph Hamers, the current head of Dutch financial services group ING. Ermotti will have served as UBS CEO for nine years when he ex...

The Federal Department of Foreign Affairs (FDFA) has confirmed the death of a Swiss citizen in Kenya. According to reports in the Kenyan media, the 74-year-old woman was a missionary. She reportedly died after being attacked in the house she was ren...

The government announced on Wednesday that it will end the year with a budget surplus more than double of what was forecasted. Estimates throughout 2019 predicted a better than expected outcome for the end-of-year results. The final tally of CHF3.1 ...

Nearly three out of four people in Switzerland own networked “smart products” other than smartphones. A joint study by the universities of Lucerne and St Gallen has found that the majority of the Swiss population views smart products “very po...