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Swiss Banks Optimistic About Immediate Future

Swiss Banks Optimistic About Immediate Future
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Switzerland generalPatrick schwallerFinancial market supervisory authorityCredit suisseAudit financial servicesBanking barometerGerman speaking switzerlandFrench speaking switzerland

Swiss banks optimistic about immediate future

Swiss banks expect record results for the 2023 financial year. The vast majority of banks are also optimistic about the coming years.

Switzerland generalPatrick schwallerAudit financial servicesCredit suisseFinancial market supervisory authorityBanking barometerGerman speaking switzerlandFrench speaking switzerlandLatest newsMacro economicsPersonal financeInterest rateHuman interestFinancial marketsCentral bankEconomy general

Credit Suisse collapse led balance sheet of Swiss banks to contract

In Switzerland, the balance sheet of banks fell 6.9% to 3,339.7 billion Swiss francs ($3.76 trillion) in 2022, said the Banking Barometer, an annual report on banking industry trends. "The downturn among the big banks was especially large and probably driven mainly by shifts in customer funds at Credit Suisse," the report said.

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OPINION: Switzerland s respect for privacy has benefits but it also harms the country

OPINION: Switzerland s respect for privacy has benefits but it also harms the country
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Are Swiss Back-Office Jobs Returning?

Are Swiss Back-Office Jobs Returning?
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Stephan surberCredit suisseSwiss bankingBanking barometerEastern europeExecutive stephan surber