UBS and CS: Goodbye London Passport?

UBS, Credit Suisse, Brexit, passporting

Swiss banks face a particular conundrum after the U.K. voted to leave the European Union: they have set up expansive operations in London for a valuable «passport» into the EU. What now?

Swiss Reactions to Brexit

Brexit

The referendum result in the U.K. has affected currencies and equity markets alike this morning – and Swiss financial experts are trying to make sense of what is happening. finews.ch has collected a few reactions in brief.

CS Selling More Prime Real Estate

Credit Suisse, Leuenhaus, sale, real estate

Credit Suisse has sold prime Zurich real estate like the Metropol, Griederhaus and Volksbank buildings to raise cash and bolster its capital position. The Swiss bank recently decided to sell another property on the city's tony Bahnhofstrasse, finews.ch has learned.

Claude Baumann: «Greedy Managers Are Paving the Way for Populists»

Claude Baumann

Brexit is a vote of no confidence in the political and business establishment in Europe. Populist parties will continue to thrive as long as managers fail to regain their credibility, Claude Baumann, editor-in-chief at finews.ch, writes for finews.first.

Dr. Doom: More Countries Should Brexit

Brexit, MarcFaber, Dr. Doom

Marc Faber doubled down on his pro-Brexit views, telling  finews.ch that more countries should follow Britain's example and leave the «sick» European Union.

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