UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister — but top economist Mohamed El-Erian disagrees

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Credit Suisse logo
UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister — but top economist Mohamed El-Erian disagrees

Arnd Wiegmann/Getty Images

Credit Suisse tells staff to keep working and that salary and bonus will be paid 'as previously communicated' after UBS takeover deal: reports

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People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread.
Credit Suisse tells employees to continue working.

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Hundreds of Google workers in Zurich walked out after 200 of their colleagues got laid off

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Hundreds of Google workers staging a protest in Zurich, Switzerland on March 15, 2023.
Google staff walked out in Zurich on Wednesday.

Syndicom

4 bankers have been accused of helping Putin launder $50 million through Switzerland via his cello-playing best friend

Tech Insider : Politics
Putin/Roldugin
Russian President Vladimir Putin (L) shakes hands with Russian cellist Sergei Roldugin during at the Kremlin in Moscow on September 22, 2016.

IVAN SEKRETAREV/AFP via Getty Images

Swiss Bank UBS gave its CEO an 11% pay hike in 2022, but it cut employees' bonus pool by 10%

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UBS CEO Ralph Hamers of Swiss bank UBS addresses a news conference in Zurich, Switzerland February 20, 2020.
UBS CEO Ralph Hamers received a pay hike for 2022.

REUTERS/Arnd Wiegmann

Toblerone chocolate could lose its iconic Swiss mountain logo because it won't be able to meet the country's standard of 'Swissness'

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Toblerone chocolate on display.
The Matterhorn's jagged outline on Toblerone packaging will be replaced with a more modern and streamlined design.

Ben Gabbe/Getty Images

American-made cheese can still be called 'gruyère,' a court ruled, and cheese makers in France and Switzerland aren't happy

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A human hand in black disposable latex glove holding a piece of gruyère
Gruyère is the most popular Swiss cheese in Switzerland.

Annick Vanderschelden/Getty Images

Credit Suisse's chairman faces probe over comments that potentially misled investors about client fund outflows, report says

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Headshot of Axel Lehmann, chairman of Credit Suisse
Credit Suisse chairman Axel Lehmann.

Courtesy of Credit Suisse

A $162,500 per year Swiss boarding school — possibly the world's most expensive — says it's embracing AI tech like ChatGPT to help students learn

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Institut auf dem Rosenberg
Institut auf dem Rosenberg in St Gallen, Switzerland.

Institut auf dem Rosenberg

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