Baloise plans to adjust headcount to improve business performance. Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Swiss insurance group Baloise increased first half earnings compared to last year. The company also announced restructuring that threatens 250 jobs. This content was published on September...
Tag: financial and business service
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Thousands more UBS jobs could be cut, newspaper reports
UBS has completed the acquisition of the failed Credit Suisse bank Keystone / Michael Buholzer Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Swiss banking giant UBS could shed a further 18,000 jobs by the end of 2026 to meet its post-Credit Suisse takeover cost...
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UBS Asia job cuts almost complete
UBS bought rival Swiss bank Credit Suisse last year. KEYSTONE/© KEYSTONE / JEAN-CHRISTOPHE BOTT UBS’s Asia-Pacific president signaled that most of the bank’s job cuts in the region are over as it nears the official completion of its historic merger with Credit Suisse. This content was published on May 28, 2024 – 09:51 Do you...
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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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Switzerland braced for wave of bank staff layoffs
Redundancies at Switzerland’s largest bank will test the capacity of the financial sector to absorb jobs. Keystone A year ago Credit Suisse staff were stunned by the sudden demise of their bank. Many are now fighting for their careers with 3,000 Swiss posts set to be axed by their new employer UBS, starting this year....
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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...