Former executives of the now defunct bank Credit Suisse will be able to keep their bonuses.
The Federal Council reached this conclusion in its report on banking stability, which took stock of the legal means available to retroactively sanction managers of a bank who mismanaged funds.
It was determined that any request for reimbursement would have little chance of success.
French/Swiss crime network smashed
A major cross-border criminal network targeting Switzerland has been dismantled following a joint investigation by French and Swiss authorities.
Zurich commuters face transport upheaval
More than 800,000 people rely on Zurich’s public transport every day, and from today, many of them will be navigating unfamiliar routes.
Small relaxation for cross-border school students
The debate over cross-border students in Geneva schools took another turn in the Grand Council.
SSR SRG may return to FM
Switzerland’s transition to DAB radio is hitting some significant hurdles.
Geneva law on right-to-buy faces vote
In Geneva, a long-standing restriction on tenants buying the apartments they live in has been significantly loosened.
Geneva SPA under investigation
Geneva’s Cantonal Service for Consumer and Veterinary Affairs has opened an investigation into the Geneva Society for the Protection of Animals following complaints from former employees.
