Credit Suisse It tried to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from the Swiss central bank, though the move offered only limited respite to global bank stocks. The Swiss bank is the first major world bank to be thrown an emergency lifeline since the 2008 […]
Tag: Swiss
Credit Suisse bank scandals in recent years
The actions of Credit Suisseimmersed in a deep restructuring, continued to collapse on Wednesday after a series of scandals in the last years of the financial entityconsidered the “weak link” of the Swiss banking sector. Greensill bankruptcy The bank saw its asset management arm reel from the 2021 bankruptcy of British financial firm Greensill, to […]
Credit Suisse Bank collapses nearly 20% on Swiss stock market
The bank’s action Credit Suisse It sank this Wednesday on the Swiss stock market, after its main Saudi shareholder declared that it will not support the entity by increasing its stake in the capital. By 1040 GMT, the share of the second largest Swiss bank was down 19.7% at CHF1.7985, after hitting a record low […]
Credit Suisse falls on the stock market due to rumors of an investigation into its president
The actions of Credit Suisse on the Zurich Stock Exchange they fall 6% for now on the Zurich Stock Exchange, once again approaching record lows, given rumors that the entity’s president, Axel Lehman, could be being investigated by the financial regulator of Swissthe Finma. According to information in the economic press, Finma is examining whether […]
Peru climbs 16 positions in the World Talent Ranking compared to 2021
European countries achieve the highest scores. Switzerland remains in first place with 100 points, while Peru achieved a score of 49.4. According to the 2022 results of the World Talent Ranking prepared by the Institute of Management Development (IMD) of Switzerland in alliance with Centrum PUCP, Peru rises 16 positions worldwide compared to the results […]
Swiss chocolate manufacturer Lindt & Sprüngli liquidates its subsidiary in Russia
The Swiss chocolatier group Lindt & Sprungli began this Friday the process of dissolution of its subsidiary in Russiaa movement that would have started last summer because of the invasion of Ukraineaccording to a spokesperson for the firm to the local press. The Zurich-based food company announced in March last year the closure of its […]
The second-hand luxury watch market is booming thanks to generation Z
watch exports swiss break records, but the sales of second-hand parts also accompany this boom driven by the generation Zwho seeks to consume luxury in a responsible way. The second-hand watch market is estimated at around 20 billion Swiss francs (an equivalent amount in euros) and could grow to 35 billion Swiss francs by 2030, […]
The United States and China seek to strengthen ties in a “constructive” meeting in Switzerland
US Treasury Secretary, Janet Yellen and Chinese Vice Premier Liu He met on Tuesday, January 15, in Switzerland and held a “sincere, substantive and constructive” conversation on macroeconomic and financial developments, which continues the path of closer relations between the two powers. The meeting was held “as part of the efforts to deepen communication” and […]
World elites meet in Davos to discuss Ukraine, the climate and the future of the Amazon
The world’s political and economic elites will meet next week in Davos under the motto “cooperating in a fragmented world”, in an edition where, among other things, the consequences of the war in Ukraine, the climate crisis and the future of the Amazon will be addressed. This year’s meeting, organized by the World Economic Forum […]
Swiss decide to almost completely limit tobacco advertising, according to first results
The swiss voted this Sunday in favor of limiting almost all advertising for the tobaccoaccording to the first results of a consultation that show that 54% of voters approved this initiative. The Federal Chancellery gives the winner to “Yes” with 54%, as well as in most of the cantons, both results being necessary to be […]