Switzerland: A tax haven for the ultra-wealthy
Corporate tax rates in Switzerland are highly competitive, offering numerous advantages for multinational companies...
Tag : Switzerland
UBS marks first profit since Credit Suisse takeover, to go ahead with proposed job cuts
In August 2023, UBS said it would axe 3,000 jobs in Switzerland alone after swallowing up its stricken rival Credit Suisse, a move expected to help the bank make significant cost savings...
UBS’s Credit Suisse takeover: From crisis to success
UBS reported a net loss of $785 million for the June-to-September 2023 quarter, driven by costs tied to the Credit Suisse rescue deal, which came in at $2 billion...
The ‘Russian Minefield’ for Western businesses
Just before the Ukraine war, Russia approved measures that could lead to the nationalisation of foreign firms suspending their operations in the country's domestic market...
Discussing impact of Gaza war upon MENA’s dealmaking, tourism and FDI activities
Tourism revenue will decrease because people will feel that there is a security concern...
Is global financial system failure-proof?
Smaller emerging economies with significant debt and declining repayment capacity have the most unstable banks...
Credit Suisse collapse results in balance sheet contraction of Swiss banks: Report
Credit Suisse's high liquidity requirements were seen as playing a part in sight deposits held overnight at the Swiss National Bank falling more sharply in 2022 than in the previous ten years...
Global banking crisis: Something catastrophic is coming
Credit Suisse’s profitability and the future of its investment banking section were under scrutiny...
UBS names former Morgan Stanley veteran as the new chairman
Colm Kelleher will succeed Axel Weber as the new chairman...
Floods in Europe to cost insurers nearly $12 bn: Swiss Re
Swiss Re alone would lose around $520 mn due to the floods...