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Is Switzerland still synonymous with safe banking?

Mar 20, 2023
Switzerland’s reputation for secure, secret banking goes back to at least WW I. But its banks have changed over time, with mixed results.
UBS was reportedly worried that if Credit Suisse went bankrupt, it could have threatened the image of Swiss banking.
Fabric Coffrini/AFP via Getty Images

EU officials debate sanctions after Switzerland restricts immigration

Feb 11, 2014
Switzerland isn't an European Union member, but still benefits from the charter. Official members say the country is cherry-picking which laws to follow.

Swiss banks must decide whether to hand over client information to U.S.

Dec 9, 2013
Today is the deadline for Switzerland's private banks to decide whether to cooperate with U.S. demands to combat tax evasion by handing over client information -- a move that would finally end the long tradition of banking secrecy.

Swiss company to pay $253 million to settle corruption charges

Nov 27, 2013
The U.S. government has announced a $253 million fine against Weatherford, a Swiss oil and gas services company that trades on the New York Stock Exchange.

Switzerland votes not to cap the boss's pay

Nov 25, 2013
A vote to limit executive compensation to no more than 12 times what the lowest earning employee at the company makes failed in Switzerland.

A look inside the secret home for central bankers

Jun 5, 2013
A nondescript office building in Basel, Switzerland, houses one of the most powerful commercial banks in the world. But only central bankers are allowed to pass.

U.S. carmakers could benefit from EU industry troubles

Mar 7, 2013
The Geneva Auto Show opens in Switzerland this week. It’s usually a glitzy affair, but while U.S. carmakers are on the rebound, gloom has descended on the European auto industry.

For public good, not for profit.

Is Switzerland no longer a banking haven?

Mar 4, 2013
Voters in Switzerland have approved a referendum to curb executive pay. The move comes less than a week after the European Union announced plans to cap banker bonuses.

Swiss bank closes after U.S. tax evasion fine

Jan 4, 2013
Switzerland's oldest bank, Wegelin and Company, has plead guilty to helping wealthy Americans evade taxes.

Switzerland agrees to cap vacation days

Mar 13, 2012
In a national vote, the Swiss just decided against making employers give all workers an extra two weeks of paid vacation every year.