Credit Suisse drops China bank plan to avoid regulatory conflict under UBS, sources tell Reuters
CNBC » Switzerland
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4d ago
UBS, which is acquiring Credit Suisse as part of a government-orchestrated rescue, already has a locally incorporated bank in China, said the sources ..read more
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Iconic singer Tina Turner dies at 83
CNBC » Switzerland
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1w ago
Singer Tina Turner has died at the age of 83 after a long illness, a spokesperson said Wednesday ..read more
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Nearly 25% of jobs will be disrupted within five years, World Economic Forum says, as A.I. takes off
CNBC » Switzerland
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1M ago
WEF expects there to be 14 million fewer jobs overall in five years' time as labor markets face an overhaul from AI and a slew of other factors ..read more
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'I am truly sorry': Credit Suisse chair pleads with angry shareholders at annual meeting
CNBC » Switzerland
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2M ago
A police presence was established outside the Credit Suisse annual meeting as shareholders began arriving in droves ..read more
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Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes
CNBC » Switzerland
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2M ago
The bank notoriously pleaded guilty in 2014 to criminal charges for "knowingly and willfully" helping U.S. clients hide offshore assets and income from the IRS ..read more
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CNBC Daily Open: Yellen changed the mood — again
CNBC » Switzerland
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2M ago
The federal government is prepared to take additional actions if warranted, U.S. Treasury Secretary Janet Yellen said ..read more
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IPCC charts show why climate change matters right now
CNBC » Switzerland
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2M ago
These 8 charts are a visual guide to the story of climate change right now ..read more
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'Inundated with requests': Digital currency firms look to Swiss banks after crypto-friendly lenders fail
CNBC » Switzerland
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2M ago
Crypto firms are scrambling to find institutions to bank with after the collapse of Signature Bank and Silvergate Capital ..read more
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CNBC Daily Open: Regional banks popped — but can the rally last?
CNBC » Switzerland
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2M ago
Regional banks popped after Treasury Secretary Janet Yellen said the government might guarantee deposits. But banks lost ground again in after-hours trading ..read more
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'A financial banana republic': UBS-Credit Suisse deal puts Switzerland's reputation on the line
CNBC » Switzerland
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2M ago
The demise of banking giant Credit Suisse sent shock waves through financial markets and appears to have dealt a blow to Switzerland's reputation for stability ..read more
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