Upper House approves CHF100,000 savings guarantee
GenevaLunch News Bern, Switzerland (TSR, Fre) – The Upper House of Parliament easily passed the first part of legislation to bail out ailing banks, which includes raising the guarantee on personal...
View ArticleSwiss bank deposit protection becomes permanent law
GenevaLunch News BERN, SWITZERLAND – Bank account holders in Switzerland in 2008 saw their deposits legally protected, as a temporary measure, up to CHF100,000 as part of the political fallout of the...
View ArticleMarkets glum over Cyprus, likely new HSBC job cuts
GenevaLunch News GENEVA, SWITZERLAND – HSBC is reportedly planning new job cuts in large numbers, according to the Financial Times Monday 18 March. The expected redundancies, which could axe up to...
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