The era of zero interest-rate policy is back, after the Swiss National Bank on Thursday lowered interest rates to zero.

HSBC has named John Shipman as the interim CEO of its Swiss Private Bank and country head of HSBC Switzerland, reported Reuters. Shipman will assume these responsibilities on 1 January 2025. The ...

HSBC’s strategic focus on the ultra-high-net-worth (UHNW) clientele in Switzerland has yielded measurable progress, characterised by accelerated growth and operational enhancements. The bank reported ...

Shipman succeeds Gabriel Castello, who was appointed earlier this month as interim CEO of HSBC's global private banking, following a broader restructuring by CEO Georges Elhedery to streamline costs ...

Swiss banking supervisory authority FINMA has ruled that HSBC Holdings’ HSBC Switzerland branch, HSBC Private Bank (Suisse) SA, violated money laundering regulations.In a press release, FINMA ...

HSBC's Swiss private bank has been accused of failing to conduct proper checks on $300million (£236million) worth of funds transferred between Lebanon and Switzerland over a 13-year period, ...

HSBC’s Swiss private bank failed to conduct proper checks on 300 million US dollars (£236 million) worth of funds sent between Lebanon and Switzerland during a period of 13 years, a banking ...

HSBC’s Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course of 13 years, the country’s banking regulator has found.

A spokesperson for HSBC said the bank planned to appeal Finma's decision. HSBC’s Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course ...

HSBC Holdings Plc’s Swiss private bank failed to carry out adequate checks on ‘high-risk’ accounts owned by politically-exposed persons designed to prevent money laundering, Switzerland’s ...