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Switzerland

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  • Euro 2008: Bad English Football Is Bad for Business Thursday, 5 Jun 2008 | 3:29 PM ET
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    Unfortunately, for a huge number of companies across the world, the English national football team is not very good and has failed to qualify for Euro 2008, which kicks off in Switzerland on Saturday.

  • Great Dividend Plays from Switzerland Thursday, 5 Jun 2008 | 9:07 AM ET

    Investors wary about the recent volatility in the market should focus on stocks that pay dividends, according to David Costa, dean of Robert Kennedy College in Zurich.

  • Big Swiss Stocks for Your Portfolio Wednesday, 4 Jun 2008 | 11:13 AM ET

    Switzerland’s leading stock index, the SMI, has fallen more than 21 percent over the last twelve months, but investment opportunities are emerging with certain large-cap well-positioned stocks such as Roche and Swatch, Maximilian Muench, head of Swiss equities research at UBS told CNBC.

  • UBS Finances 75% of Sale of its Distressed Assets Wednesday, 21 May 2008 | 2:56 AM ET
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    UBS financed 75 percent of the funding used by U.S. asset manager Blackrock to buy a $15 billion portfolio of distressed U.S. real estate assets from UBS, the bank said on Wednesday.

  • VIDEO: Warren Buffett's News Conference in Switzerland Tuesday, 20 May 2008 | 1:58 PM ET
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    Warren Buffett's news conference today in Lausanne, Switzerland, divided into three video clips.

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    Warren Buffett tells reporters in Switzerland he can "guarantee" he won't buy a European company by the end of his tour this week.  It's another indication his visit is designed to lay the groundwork for potential deals in the future, rather than actually pick up a company on the spot.

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    CNBC.com and CNBC are planning live coverage of tomorrow's scheduled news conference by Warren Buffett in Switzerland, the second stop of his European shopping tour. It's set to begin tomorrow (Tuesday) morning at 8:45a ET. CNBC.com will provide a live video stream of the entire event. CNBC's Squawk Box also plans extensive live coverage.

  • US to Subpoena UBS for Wealthy Client Names: WSJ Thursday, 15 May 2008 | 4:57 AM ET

    U.S. prosecutors are expected to approach UBS with a subpoena for the names of rich American clients who may have used the Swiss bank's services to skirt income taxes, the Wall Street Journal said on Thursday, citing lawyers and others involved in the case.

  • Europe Preview: Buying Into a Baer Market? Thursday, 8 May 2008 | 1:55 PM ET
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    Two billion dollars was pulled out of UBS's wealth management division in the first quarter. It's difficult to say how much of the loss stemmed from the subprime crisis, but smaller banks in Switzerland have been picking up business from the troubled market leader.

  • Senior UBS Employee was Detained in US Tax Probe Wednesday, 7 May 2008 | 5:24 AM ET

    A senior UBS employee was briefly detained by U.S. authorities in April as part of an investigation into the bank's cross-border business, the Swiss bank said on Wednesday.

  • UBS To Cut 5,500 Jobs in Subprime Wake Tuesday, 6 May 2008 | 1:15 PM ET
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    Swiss bank UBS will cut almost 7 percent of its workforce and said it has a preliminary deal with  BlackRock to sell a $15 billion portfolio of subprime mortgages.

  • UBS: If the Worst is Over, Where's the Visibility? Tuesday, 6 May 2008 | 6:43 AM ET

    When Warren Buffet treated his 31,000 plus audience to his annual Berkshire Hathaway gathering in Nebraska recently he was asked about the banks. When would he be happy to buy back into U.S. investment banks?

  • First-quarter net profit at Swiss Re dropped by half, a bigger fall than expected, and the world's biggest reinsurer announced fresh credit writedowns of 819 million Swiss francs ($776.3 million).

  • Swiss Life Premiums Drop 3%, Says Markets Tough Tuesday, 6 May 2008 | 1:27 AM ET

    First-quarter premium income from continuing operations at Swiss Life dropped 3 percent to 6.6 billion Swiss francs ($6.26 billion), but the life insurer saw no reason to revise its targets.

  • UBS Seen Slashing Jobs with Big Quarterly Loss Friday, 2 May 2008 | 10:48 AM ET
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    UBS shares rose over 5 percent on Friday on hopes the ailing Swiss bank will unveil job cuts next week to reverse breakneck expansion into investment banking which made it Europe's worst subprime victim.

  • Europe Preview: UBS, RBS on the Hotseat Tuesday, 22 Apr 2008 | 5:36 PM ET

    Europe's two biggest casualties from the subprime crisis tomorrow face shareholders who will want answers on how, between them, the two banking giants lost well over $50 billion.

  • European Earnings: Novartis Profit Jumps 10% Monday, 21 Apr 2008 | 12:43 PM ET

    Drug maker Novartis reported a better-than-expected rise in first-quarter profit, thanks to strong vaccine sales, while quarterly sales at Nestle also beat expectations.

  • UBS Report Blames Lax Controls for Credit Losses Monday, 21 Apr 2008 | 3:55 AM ET

    Poor risk control and a narrow focus on revenue growth at UBS's investment bank helped cause huge credit losses, UBS said on Monday, as it prepares to meet restive shareholders this week.

  • Deutsche Selling Debt, Credit Suisse Writing Down? Monday, 14 Apr 2008 | 4:59 AM ET
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    Deutsche Bank is looking to sell as much as $20 billion in leverage debt, while Credit Suisse could write down another $5 billion, according to published reports over the weekend.

  • Novartis to Buy Nestle's 25% Stake in Alcon Monday, 7 Apr 2008 | 12:21 PM ET
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    Novartis has agreed to buy Nestle AG's percent stake in U.S. company Alcon in a deal worth up to $39 billion to boost its eye care business, the Swiss drugmaker said on Monday.