The head of the troubled Swiss bank, Credit Suisse, says very few Swiss clients have closed their accounts – although the bank does say globally there has been a significant outflow of funds.
The CEO, André Helfenstein, told the press yesterday only around 1% of Swiss assets have been lost.
He says the bank’s Swiss business is profitable – making CHF 1.2 bn in the first nine months of the year.
But across its entire operations, the bank has issued a profit warning for the end of the year.
Govt ready to step in on train staff attacks
Swiss Federal Railways says assaults on train staff remain a daily reality - and it seems the government is ready to step in.
Police have to disclose nationality of offenders
Switzerland’s Senate has voted to require police to systematically mention the nationality of suspects when communicating about crimes.
Valais bar association says no new fire laws are needed
The association that represents bars and restaurants in canon Valais - GastroValais - has caused outrage by writing to all cantonal parliamentarians saying no new safety fire laws are needed.
Major Swiss firm to cut jobs
The Swiss logistics firm - Kühne+Nagel - says it will have to lay off 2,000 staff. Around 1,000 more than previously believed.
Post your ballots on time
If you’re voting by post this weekend - get your ballot in the mail.
This winter was significantly warmer than average
MeteoSwiss says the winter was significantly warmer than average, despite dense fog on the Swiss Plateau in December and a bitterly cold start to the year.
