placeholder image

Swiss bankers call for better market access

Switzerland's private bankers, concerned about a rise in protectionism and tighter regulations, called on Thursday for better access to the international financial markets.

Swiss president wants ‘clean’ finances

Swiss president wants ‘clean’ finances

Swiss President Eveline Widmer-Schlumpf said Thursday she wanted to restore credibility to the country's financial system after a scandal involving the central bank head rocked the country.

placeholder image

Swiss Migration Office ‘broke asylum law’

An independent report has established that the Federal Migration Office (FMO) violated Swiss law when it ignored the applications of up to 10,000 Iraqis who sought asylum at the Swiss embassies in Syria and Egypt.

Ex Swiss bank chief ‘to get 12 months pay’

Ex Swiss bank chief ‘to get 12 months pay’

Former Swiss central bank chief Philipp Hildebrand will receive a full 12 months salary after quitting in a scandal over foreign exchange trades by his wife, media reported on Thursday.

Hildebrand’s wife says sorry to Swiss people

Hildebrand’s wife says sorry to Swiss people

Kashya Hildebrand, the wife of Switzerland's former central back chief, has apologised to her husband and the Swiss people for the massive currency transaction that led to her husband's resignation amid accusations of insider trading.

placeholder image

Lenders extend lifeline to cash-strapped Petroplus

Embattled Swiss-based Petroplus said Wednesday that lenders had agreed to temporarily provide vital cash flows to keep two of its oil refineries running in Britain and Germany.