Skip navigation

Swiss central bank refocuses with sale of fund back to UBS

ZURICH (Reuters) - The Swiss National Bank (SNB) will sell back to UBS <UBSN.VX> the once-toxic assets it shouldered to stave off the collapse of the country's biggest bank, clearing a shadow of the financial crisis from the SNB's balance sheet. Full story

Swiss central bank sees 1st-half loss due to gold

Switzerland's central bank says it lost 7.28 billion francs ($7.8 billion) in this year's first half because of the falling value of gold. Full story

Credit Suisse reports 33 percent rise in 2Q profit

Credit Suisse on Thursday posted a 33 percent rise in second-quarter profits from a year ago, driven by solid returns from its scaled-backed investment banking division as well as other cost-cutting. Full story

Roche tops forecast as new cancer drugs gain momentum

BASEL, Switzerland (Reuters) - Swiss pharmaceuticals firm Roche beat first-half profit forecasts as strong sales of its mainstay cancer drugs and some new treatments supported its view that it can withstand competition from cheap, copycat drugmakers. Full story

Lonza scraps generic drug venture with Teva

ZURICH/LONDON (Reuters) - Specialty chemicals maker Lonza posted a bigger than expected fall in first-half profit and said it was ending a generic drugs venture with Israel's Teva Pharmaceutical Industries by mutual agreement after misjudging how much it would cost. Full story

UBS profit beats forecasts despite U.S. mortgage suit settlement

ZURICH (Reuters) - UBS's second-quarter profit beat forecasts even though it agreed to settle a lawsuit with the U.S. housing regulator over the mis-selling of mortgage-backed bonds, boosting shares in Switzerland's largest bank to two-year highs. Full story

Sponsored Links

Articles

Roche halts diabetes drug trial in blow to pipeline

Swatch CEO hopes for 9 billion Sfr sales in 2013: paper

British-Swiss tax shortfall could leave banks out of pocket

Investment bank lifts Credit Suisse as private bank dips

Swiss government has emergency plan to stabilize exchange rate

Gabon convicts activist for defaming ally of president

Gabon jails activist for defaming ally of president

Pay spotlight turns to Credit Suisse's Dougan

Expectations low for UBS bankers awaiting bonus awards

Nestle sales growth lags rival, sees tough year ahead

Related Photos

Wads of Swiss franc banknotes are pictured at the GSA company's headquarters in Vienna
Wads of Swiss franc banknotes are pictured at the GSA company's headquarters in Vienna

Wads of Swiss franc banknotes are stacked in piles at the GSA Austria company's headquarters in Vienna July 22, 2013. The GSA delivers new and collects old currency for the Austrian National Bank. REUTERS/Leonhard Foeger (AUSTRIA - Tags: POLITICS BUSINESS)

Swiss National Bank SNB board member Zurbruegg speaks to media during a news conference in Bern
Swiss National Bank SNB board member Zurbruegg speaks to media during a news conference in Bern

Swiss National Bank SNB board member Fritz Zurbruegg speaks to media during a news conference in Bern June 20, 2013. The Swiss National Bank said it remains sufficiently concerned about the strength of the franc and the risks to its economy to stick to its cap on the safe-haven currency. REUTERS/Ru