The financial industry in Switzerland employs more than 200,000 people and generates close to 10% of the nation's total employment. It is essential that the whole financial system as well as the clients of the financial market are adequately secured. In Switzerland, this is the responsibility of the Swiss Financial Market Supervisory Authority (FINMA).
We are joining the Fifth Digital Summit Switzerland 2023, taking place in Zurich.
Private household wealth has declined for the first time since the financial crisis. Dollar appreciation, inflation, and stock market declines over the past year all had a role in setting the stage for this. This is the finding of the Credit Suisse Research Institute's first-ever presentation as a part of UBS of what is likely the most thorough research of global wealth creation.
When it comes to protecting one's financial anonymity, many think immediately of the Swiss banking secrecy. Since the introduction of the international exchange of information on bank data, Swiss banking secrecy has lost its prominence. Read on to see what has changed in this regard.
The digitization of financial markets has brought about exciting and rapid changes. In order to inform people about the latest developments, more and more events are being organised in this area. So if you want to expand your knowledge in the fields of fintech, digitization, or asset management, here is a list of the most important European events for September and October 2023.
The history of Swiss private banks dates back more than 250 years. Thanks to its optimal geographical location, good connections with other regions, and neutrality, a stable banking system has been established over the past centuries.
Innosuisse is directly subordinated to the Swiss Confederation. In 2022 alone, CHF 268 million in funding contributions have been paid out for a variety of projects.
The first half of 2023 sees the Swiss International Air Lines once more produce positive numbers. The airline made 2.5 billion Swiss francs in revenue, matching its previous pandemic-free first half of 2019. Swiss' operational profit increased to 338.3 million, a mere 40% increase over the same period in 2019.

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