In the last week, the Swiss market has stayed flat, with notable gains in the Financials sector at 3.3%. Over the past year, the market is up 6.1%, and earnings are forecast to grow by 12% annually. In this context of steady growth and sector-specific gains, identifying strong dividend stocks like Julius Bär Gruppe can...
Category: Bussiness
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Switzerland Punishes Mirabaud For “Serious” Compliance Violations
The regulator said it is not disclosing further details about proceedings or the identities of the three persons concerned. Enforcement proceedings were begun against the Swiss bank in June 2021. The Swiss regulator has barred Mirabaud & Cie from taking on new clients who carry increased money laundering risks until serious compliance failings have been...
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Switzerland renews support for WEF for 2025-2027
Unchanged federal support for the WEF for 2025-2027 Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Following in the footsteps of the House of Representatives, the Swiss Senate agreed on Wednesday to renew the government’s support for the World Economic Forum for 2025-2027. This...
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Swiss Stock Exchange Explores Crypto Trading Platform In Europe – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
The Swiss stock exchange SIX is exploring the possibility of establishing a cryptocurrency trading platform in Europe, aiming to compete with established digital asset firms like Binance, OKX and Coinbase. What Happened: The move reflects growing institutional interest in digital assets, particularly as traditional investors seek a reputable and regulated environment to trade cryptocurrencies. Bjørn...
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Swiss SIX stock exchange explores setting up crypto arm in Europe
The Swiss stock exchange is considering launching a crypto trading platform in Europe, aiming to attract traditional investors by leveraging Switzerland’s crypto-friendly laws. The Swiss stock exchange operator, SIX Group, is considering establishing a new platform in Europe for crypto trading, aiming to challenge major players like Binance, OKX, and Coinbase, the Financial Times reports,...
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Switzerland and the U.S. have similar gun ownership rates — Here’s why only the U.S. has a gun violence epidemic
Switzerland is often cited in discussions about gun violence in the United States, with proponents of gun rights pointing out that the Swiss have relatively high gun ownership but very low rates of homicide and virtually no mass shootings. This comparison is sometimes used to argue that widespread access to firearms does not necessarily lead...
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Swiss Days to focus on the ‘civil aviation and arbitration law’ – Latest News
ISTANBUL The Swiss Days, an event organized by the Consulate General of Switzerland in Istanbul, together with the Swiss Business Hub Türkiye and the Swiss Chamber of Commerce in Türkiye, will be held in Istanbul on Sept. 20-21. This year’s event, which will take place at Yapı Kredi Bomontiada in the Şişli district, aims to...
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Swiss Seize $15M From Bank For ‘Serious’ Market Violations – Law360
By Joel Poultney (September 17, 2024, 12:54 PM BST) — The Swiss financial markets regulator said Tuesday it has seized 12.7 million Swiss francs ($15 million) from Mirabaud & Cie SA after it ruled that the private bank had “seriously violated” the law and breached its anti-money-laundering obligations…. Law360 is on it, so you are, too....
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Swiss first-pillar custodian mandate award raises security questions
Thomas Matter, a member of parliament (MP) of the Swiss People’s Party in the national council, the lower house of the parliament, has raised security questions on the government’s decision to replace its global custodian UBS with State Street. In a motion, the MP asked the Federal Council if it considered it “appropriate that UBS has...
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Swiss Companies Unhappy With UBS After Credit Suisse Merger
What’s going on here? Nearly a quarter of Swiss industrial firms are dissatisfied with UBS’s services, particularly in lending, following its 2023 acquisition of Credit Suisse. What does this mean? The Swissmem survey paints a bleak picture for UBS, with just 2% of companies identifying any improvement in banking services post-takeover and a significant 23%...
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UBS industry customers increasingly critical, survey finds
By John Revill ZURICH (Reuters) – Nearly a quarter of Swiss industrial companies are unhappy with the service from UBS, notably in lending, since its 2023 Credit Suisse takeover, a survey found, in a blow to the bank’s efforts to show it is not abusing its market dominance. UBS has been under close scrutiny since...
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Swiss freeze Sh40bn linked to Adani as fraud claims resurface
Swiss authorities have frozen more than $310 million (Sh39.98 billion) across multiple bank accounts allegedly linked to Adani, the Indian conglomerate bidding to take over operations of Jomo Kenyatta International Airport (JKIA), as fraud claims against the company resurface. Adani Airport Holdings’ privately initiated proposal to run Kenya’s largest airport—and develop luxury resorts adjacent to...