Swiss companies plan to relocate some of their operations and production abroad to deal with the impact of U.S. tariffs, according to a study by business association economiesuisse, Reuters reported. It surveyed more than 400 companies before and after Switzerland last month agreed a deal to reduce U.S. tariffs from 39% to 15%, with a quarter of the firms already having identified concrete steps they were taking. Nearly a third of those firms have decided to increase investments outside Switzerland and shift production and operations abroad, the survey said.

Switzerland’s attorney general filed criminal charges against UBS UBS 0.52%increase; green up pointing triangle and a former Credit Suisse compliance officer, saying they failed to take steps to prevent money laundering in what later became known as the Mozambique “tuna bonds” scandal, the Wall Street Journal reported. The charges are the latest in a saga that started around 2013, when Credit Suisse arranged $2 billion in debt deals for state-owned companies in Mozambique to buy tuna-fishing vessels and other equipment.

Zurich Insurance, Swiss Re, and Swiss Life have been added to a list of insurance firms required to develop resolution plans in case of insolvency, according to the G20’s Financial Stability Board (FSB), FinNewsNetwork.com reported. The updated global list, published on Tuesday by the FSB, now includes 17 companies, an increase of four from the previous year. Alongside the three Swiss firms, Dutch insurer Athora was also added to the roster. Zurich Insurance Group AG is a Swiss insurance company.

The United States and Switzerland announced a framework trade agreement on Friday that includes Washington slashing its tariffs on imported Swiss products to 15% from 39% and a pledge by Swiss companies to invest $200 billion in the U.S. by the end of 2028, Reuters reported. The United States and Switzerland, joined by Liechtenstein, aim to conclude negotiations to finalize their trade deal by the first quarter of 2026, the White House said in a statement. U.S.

Switzerland is close to securing a 15% tariff on its exports to the US, in what would be a relief for the country after it was hit with a punishing 39% levy in August, Bloomberg News reported. A deal may be concluded within the next two weeks, said the people, who declined to be identified discussing ongoing negotiations. They also warned that nothing is finalized and the talks could still come undone, as happened during discussions between US and Swiss trade negotiators in late July.

Lukoil's international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business with the Russian oil company looms and after a hoped-for sale of the operations to Swiss trader Gunvor collapsed, Reuters reported. The U.S. Treasury, which would have to approve any sale as Lukoil is under U.S. sanctions, on Thursday labelled Gunvor a Kremlin "puppet" and signaled its opposition to the deal.

Swiss efforts to secure a more favourable trade relationship with the U.S. are ongoing, Finance Minister Karin Keller-Sutter said on Thursday, after Swiss corporate bosses met with U.S. President Donald Trump earlier this week, Reuters reported. Switzerland was left reeling after Trump imposed tariffs of 39% on Swiss imports in August, among the highest duties levied in his global trade reset. Keller-Sutter, who has come under fire for her handling of the dispute, said she had fulfilled her duties as Switzerland's president when she spoke to Trump before the tariffs announcement.

Swiss software company LzLabs GmbH sought US bankruptcy court recognition of its foreign insolvency case to halt patent infringement litigation brought by tech giant IBM and preserve its stateside intellectual property, Bloomberg Law reported. LzLabs faces severe financial distress following a 20 million pound ($26.7 million) UK judgment issued in IBM’s favor in March as well as IBM’s parallel US suit, the company said in a Chapter 15 bankruptcy petition filed on Oct.

Swiss private bank Julius Baer is facing significant credit losses after financing real estate projects linked to Germany's now-insolvent Degag Group, the Handelsblatt newspaper reported on Monday. The bank has filed claims for 48 million euros ($55.74 million), which exceeds its 2023 profit in Germany, the paper said, citing a preliminary report to the insolvency administrator. The matter is a blow for Julius Baer, which last year reported losses of 586 million Swiss francs on loans to collapsed property company Signa.