A wealth manager working for a private bank in Geneva is currently being detained after allegations he swindled tens of millions of francs from investors.
The worker for Hyposwiss Bank could have been defrauding people since the beginning of the century.
Some estimates suggest he could have pocketed as much as CHF 40m. He was arrested at the beginning of the month.
During the initial hearing, he claimed he was attempting to hide massive losses linked to one major client.
Economic outlook uncertain for this year
Switzerland’s economic outlook remains cautious, with the KOF Swiss Economic Institute forecasting growth of around one percent in 2026,although that depends on falling oil prices.
Geneva bans the burkini
Geneva’s parliament has voted to ban the burkini in public swimming pools, ending months of heated debate.
Birthday candles banned in Geneva schools
In response to the fire in Crans Montana, birthday candles have been banned in Geneva’s primary schools.
Transit tax moves closer
Switzerland is moving closer to introducing a transit tax for foreign vehicles crossing the country.
Fake Nyon officer fined
A man in his fifties has been convicted in Vaud after impersonating a police officer in several towns, including Rolle and Nyon.
Heavy traffic this Easter
Heavy traffic is expected across Switzerland over the Easter holiday period, particularly on the A2 Gotthard autoroute and the A13 San Bernardino route from March 27.
