Swiss National Bank to pilot wholesale digital currency with UBS, other banksThe pilot, using a real Swiss franc wholesale CBDC, will involve commercial banks such as UBS, Zuercher Kantonal Bank, Banque Cantonale Vau...
02 Nov, 2023, 03.56 PM IST
Roche buys US rights to Roivant bowel disease drug in $7.1 billion dealRoche has announced its acquisition of Telavant, a developer of a new treatment for inflammatory bowel diseases, for an initial $7.1 billio...
23 Oct, 2023, 03.22 PM IST
Swiss regulator says two banks' crisis plans are insufficientIt said "ZKB has not yet built up the required capital in full" and that "PostFinance must realign its emergency planning." The assessment ...
26 Apr, 2023, 11.54 AM IST
- Logitech ends earnings probe with only minor adjustments
Logitech said it would make minor adjustments to past earnings due to erroneously booking inventories.
04 Sep, 2014, 04.25 PM IST
- HSBC’s Swiss unit, Credit Suisse, Julius Baer seek leniency for helping US clients evade taxes
The data handover is illegal, said Alec Reymond, a former president of the Geneva Bar Association, who is representing two Credit Suisse st...
17 Aug, 2012, 03.36 AM IST
- ABB buys US software firm Ventyx for over $1 billion
ABB Ltd is acquiring US software firm Ventyx for more than $1 billion in a bid to become a key player in energy management software, smart ...
05 May, 2010, 03.57 PM IST
- Credit Suisse makes $2.4 billion profit in Q3
Credit Suisse reports a profit of $2.4 billion but stock prices depress.
22 Oct, 2009, 07.24 PM IST
- Novartis posts 10 pc drop in Q2 net profit
Novartis AG posted 10 percent drop in second quarter net profit due to shifts in currency values and higher financing costs, but said under...
16 Jul, 2009, 03.04 PM IST
- Nestle reports 69% rise in 2008 profit
Swiss food and drinks giant Nestle SA reported on Thursday a 69 per cent increase in full-year net profit thanks to a windfall from the sal...
19 Feb, 2009, 04.14 PM IST
- Novartis posts 32% rise in Q3 net profit
Drug maker Novartis AG on Monday reported a 32-percent rise in net profit for the third quarter due to strong sales and the positive impact...
20 Oct, 2008, 10.08 PM IST
- Swiss savers flock to 'safe' regional and private banks
There is a buzz these days at the usually tranquil Paradeplatz headquarters of Zuercher Kantonalbank, where flocks of people were crowding ...
12 Oct, 2008, 10.06 AM IST
- Swiss trust in UBS eroding: report
Only 35% of people said they still trusted UBS
21 Sep, 2008, 04.27 PM IST
- Subprime-hit UBS says could break even second quarter
Swiss banking giant UBS, hit hard by the subprime crisis, on Friday said it would break even or report a slight loss for its second quarter...
04 Jul, 2008, 10.13 PM IST
- Credit Suisse issues profit warning
Swiss banking giant Credit Suisse took another hit to earnings on Thursday from its exposure to the US subprime loan crisis and warned ther...
21 Mar, 2008, 03.44 AM IST
- Credit Suisse to cut 150 jobs due to subprime crisis
An estimated 50,000 job cuts have come into effect so far this year in the mortgage industry.
26 Sep, 2007, 07.09 PM IST
- UBS replaces chief after mortgage woes
UBS announces resignation of Peter Wuffli following difficulties in the US mortgage market.
06 Jul, 2007, 02.00 PM IST
- Buffett’s fund to buy Swiss reinsurer’s arm for $295m
Swiss reinsurer Converium has agreed to sell its North American unit to Berkshire Hathaway for $295m including debt, clearing a key hurdle ...
18 Oct, 2006, 12.34 AM IST