A report in yesterday’s SonntagsZeitung suggests many former Credit Suisse managers were taking massive bonuses in the years before the bank’s collapse.
According to the paper seven executives pocketed over CHF 130m
The payments were kept secret from shareholders.
The government is already looking at reforms which would limit executive pay for those working for banks deemed too big to fail.
Popular Geneva festival now underway
Geneva's La Bâtie festival opened its 50th edition yesterday with three weeks of theatre, dance, circus and music across venues around the city
Ads in Switzerland begin on ChatGPT
ChatGPT started displaying adverts to users in Switzerland yesterday, part of the biggest geographical rollout of paid promotions on the platform to date
Saleve cable car reopens
The Salève cable car will reopen this morning, its director has confirmed, after a two-day shutdown triggered by travellers parking their caravans in its car park
Vaud schools plan for future heatwaves
Vaud communes, not the canton, are the ones responsible for making school buildings liveable through the region's worsening heatwaves
Geneva air traffic control protest
Around a hundred Skyguide employees rallied outside the air traffic controller's Geneva headquarters on Monday warning management against pushing through a planned wave of redundancies
Unions challenge the government in Geneva
Geneva's public-sector unions say the cantonal government is undermining the right to strike, after the education department refused to notify parents by post or email about last week's two-day walkout on 17 and 18 August
