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Credit Suisse managers and shareholders reportedly withdrew CHF32 billion from the company over ten years despite the lack of profits.
Government seeks to hold top banking executives more accountable
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Senior management of major banks may be compelled to return half their salary from the previous decade if the lender has to be rescued with public money.
Swiss stock exchange operator SIX suffers billion-franc loss in 2023
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According to SIX, without the value adjustments the Group result would have been CHF181 million, slightly lower than in 2022.
Swiss Federal court rejects Visa’s demand for fee adaption
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COMCO opened an investigation into Visa due to an increase in interchange fees for credit and debit card transactions in Switzerland.