Swiss Banks

The US Department of Justice (DOJ) is heightening its investigation into UBS Group AG (NYSE:UBS) and Credit Suisse Group for alleged failures in compliance, which may have allowed Russian clients to circumvent sanctions. What Happened: The DOJ’s inquiry has...

Philipp Rickenbacher, the chief executive of Swiss lender Julius Baer, reportedly said Switzerland's position as the world's banker to the super-rich is not "god given" and that the Swiss government and regulators should better communicate with worried international investors. "Things will remain...

Swiss bank Edmond de Rothschild Holding SA has announced the death of its chairman, Benjamin de Rothschild. The bank bearing the storied Rothschild name said in a statement that its chairman died of a heart attack on Friday afternoon at his home in Pregny, Switzerland. He was 57. His father Edmond...

Chirantan Barua of Bernstein initiated coverage on two large-cap Swiss banks, UBS Group AG (USA) (NYSE: UBS) and Credit Suisse Group AG (ADR) (NYSE: CS) with Underweight ratings. Barua cited three fundamental concerns that fuel his bearish thesis. Quantitative Easing First, the quantitative easing...