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.
Are there not enough foreigners in civil servant roles?
It’s widely acknowledged the private sector in Switzerland benefits enormously from foreign workers – but an investigation by the Blick newspaper points out that only 5% of the 43,000 workforce for the federal government are foreign. A figure that hasn’t changed in years.
Unemployment rises slightly - but mainly seasonal
Unemployment in Switzerland rose slightly in October.
TV staff in Geneva fight against CHF 200 vote
Staff at Swiss public broadcaster RTS are breaking their silence ahead of the March 8 vote on the “200 francs is enough” initiative.
Many street lights in Geneva broken
After complaints that many of the street lights in the centre of Geneva are broken, the city is admitting it has a problem.
Geneva allows Xmas music on terraces
Your favourite Christmas tunes will soon fill the air on Geneva’s terraces.
US governors impressed with Swiss education
The Swiss education system is being praised by two visiting US state governors.
