The head of the troubled Swiss bank, Credit Suisse, says very few Swiss clients have closed their accounts – although the bank does say globally there has been a significant outflow of funds.
The CEO, André Helfenstein, told the press yesterday only around 1% of Swiss assets have been lost.
He says the bank’s Swiss business is profitable – making CHF 1.2 bn in the first nine months of the year.
But across its entire operations, the bank has issued a profit warning for the end of the year.
Major 5 year works plan starts in Geneva next year
Geneva residents are being warned a five-year programme of works to spread geothermal energy starts next year.
Home owner tax on brink of abolishment - or not
Is the much-maligned tax that home owners have to pay on the way out – or not?
Boy killed by bus in Vaud
A young boy was killed in canton Vaud on Tuesday evening after he was hit by a bus.
Quagga mussel found in Lake Zurich for first time
The invasive quagga mussel is continuing to spread.
Police officer pardoned of speeding
A police woman has been pardoned for a speeding offence dating from 2017.
Final - Geneva shops will open this Sunday
Shops in Geneva will be open this Sunday.
