Swiss Info Thu, 20 Feb 2020 09:09:00 GMTJulius Bär sanctioned after money laundering breaches
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...Thu, 20 Feb 2020 06:24:00 GMTUBS CEO Ermotti to step down in November
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...Wed, 19 Feb 2020 17:34:00 GMTSwiss missionary dead in Kenya
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...Wed, 19 Feb 2020 14:12:00 GMTGovernment boasts (another) surplus year
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 ...Wed, 19 Feb 2020 13:48:00 GMTSwiss embrace smart TVs and vacuums
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...