The Latest Breaking News from Switzerland

Swiss President Alain Berset said banking giant UBS is acquiring its smaller rival Credit Suisse for almost $3.25 billion in an effort to avoid further market-shaking turmoil in global banking

Credit Suisse’s buyout by UBS was arranged by banking regulators worried that Credit Suisse’s failure could have repercussions similar to the collapse of Lehman Brothers.

The draw for the Champions League quarter-finals and semi-finals took place in Switzerland on Friday morning.

Switzerland is a small country that is not known for too many things. It's got its cheese, its banks, its mountains, its neutrality, its watches, its pocketknives and its chocolate.

The centre-back is not involved for Euro 2024 qualifiers against Belarus and Israel

Shares in Credit Suisse lost more than a quarter of their value at one stage yesterday after the Swiss bank said it had identified “material weakness” in its financial reporting. The institution revealed that it would borrow up to 50 billion Swiss francs (£35 billion) from Switzerland’s central bank to fortify its…

Shares of the Swiss banking giant rallied significantly Thursday after Switzerland's central bank agreed to lend it $54 billion.

Credit Suisse’s move to borrow up to £44 billion from Switzerland’s central bank today led to a calmer session after yesterday’s turmoil for European banking stocks.

Swiss bank Credit Suisse said Thursday it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in the wake of bank failures in the United States.