Swiss financial regulator FINMA on Monday said it was closely monitoring the banks and insurers it oversees after the U.S. moved to guarantee the deposits of two failing lenders in an effort to stem contagion. Credit Suisse’s shares fell to …
ZURICH – Switzerland’s markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss, tapping an insurance industry veteran to lead the financial supervisor. Angehrn will take charge at the Swiss markets authority as …
Financial risks related to the coronavirus pandemic will last for months if not years, Switzerland’s financial market supervisor FINMA said on Wednesday, pointing to particularly heightened risk of defaults on corporate loans. “Thanks to the cushion of liquidity and capital …
Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company over its handling of the tragedy, reopening a scandal that unsettled investors. In the first extensive interview since her husband’s …
