Politics ::
Update 2 0:30 Update 1 20 August 0:08 Bern, Switzerland (GenevaLunch) – The Swiss government is selling 332.2 million shares in bank UBS, withdrawing “immediately and entirely” its stake in the bank. The announcement was made by Bern after details were published Wednesday 19 August of the Swiss-US out of court settlement in the UBS bank case.
Business ::
Bern and Zurich, Switzerland (GenevaLunch) – The Swiss federal government’s CHF6 billion loan, in the form of mandatory convertible notes, will not be exchanging the securities for stock in the company immediately, Bern announced Tuesday morning 9 June, the first day when it is able to do so.
