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 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.
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.
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.
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.
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.