2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval


Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services. Maerki Baumann Launches Cryptocurrency Trading DeskRead More →

Swiss body considers ban on Swatch unit selling parts


VIENNA (Reuters) – A Swatch (S:) unit that supplies parts to much of the watch market faces a possible sales ban next year by Switzerland’s Competition Commission (Weka), newspaper Schweiz am Wochenende reported on Saturday. A decision on the matter is due next week, the paper said, without specifying aRead More →

Swiss president sees no quick progress in EU treaty row By Reuters


ZURICH (Reuters) – Swiss President Ueli Maurer played down prospects for quickly ending a standoff with the European Union over a stalled partnership treaty that has disrupted cross-border stock trading and strained ties with Switzerland’s main trading partner. Maurer, a member of the right-wing and EU-skeptical Swiss People’s Party, suggestedRead More →

Swiss Bank Julius Baer appoints Rickenbacher as CEO By Reuters


ZURICH (Reuters) – Julius Baer (S:) has appointed company insider Philipp Rickenbacher as its new chief executive officer, the Swiss private bank said on Monday, effective Sept. 1. The 48-year-old Swiss citizen, now head of intermediaries and global custody at the Switzerland’s third-largest listed bank, will replace Bernard Hodler whoRead More →