Geneva's financial sector is warning that losing UBS would be bad for Switzerland, even as its banks post strong growth driven by Middle Eastern fortunes
The Fondation Genève Place Financière said on Tuesday that Geneva wealth managers saw assets under management rise between 3 and 14% in the first half of 2026, with net inflows playing as big a role as market performance.
The Swiss financial centre has also passed CHF 10 trillion in managed assets for the first time, breaking its 2025 record.
Vaud's tallest building now open
The Tilia Tower, Vaud's tallest residential building at 85 metres, has officially opened in Prilly's Malley district
SBB app update
SBB has updated its mobile app with four new features aimed at daily commuters and expat travellers
Lausanne benefit for Crans Montana fire victim
The Alix Perroud Foundation hosted a benefit evening at the Olympic Museum in Lausanne last night, in memory of a young woman who died in the Crans-Montana fire
Lagarde soon to exit the ECB
Christine Lagarde will leave the European Central Bank in early February next year, nine months before her mandate ends, the ECB announced on yesterday
UBS could move out of Switzerland
UBS chief Sergio Ermotti has repeated his warning that the bank could leave Switzerland, telling Bloomberg that a Swiss passport is no longer enough to keep the bank here
Swiss office reopened in North Korea
Switzerland reopened its diplomatic office in Pyongyang yesterday — the first visit by a Federal Councillor to North Korea in more than twenty years
