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News of Switzerland

20 January 2018

Swiss franc could hit 1.22 by year end, according to economists

At the same time they point to risks that could send the currency in the opposite direction, such as the election in Italy, Brexit negotiations and uncertainty surrounding government in Germany.

The Swiss National Bank (SNB) abandoned its Swiss-franc-euro exchange rate cap of 1.20 in 2015 under market pressure. Since then the bank has bought lots of foreign assets to restrain the strength of the ...

18 November 2017

Swiss still richest, according to Credit Suisse

The Credit Suisse 2017 Global Wealth Report, shows total global wealth rose 6.4% to USD 280 trillion in 2016, taking it to the its highest level since 2007, before the financial meltdown in 2008.

Globally, average wealth per adult was USD 56,540. In Switzerland, the same figure was USD 537,600 (CHF 533,000), close to ten times the global average, placing Switzerland in the lead, if Iceland – with...