FINANCE
Banks, fiduciaries, markets and supervision: Lugano's financial intelligence.
Bellinzona
2027 budget: Ticino closes with a 98.5 million deficit and a new 47 million rebalancing package
The Council of State has presented the 2027 budget: the operating deficit respects the deficit brake, but the 2028-2030 financial plan points to a shortfall that could approach 500 million francs.
Lugano
FINMA closes proceedings against Julius Baer: 250 million in extra capital, dividends under approval
The supervisory authority concluded on 29 September 2026 its fifth enforcement proceeding in less than ten years against the bank: serious shortcomings in credit-risk management and anti-money laundering. In Lugano, the group's third-largest Swiss location with 130 staff, Riccardo Corzani has headed the branch since 1 September.
Lugano
SNB holds rate at 0%: franc slides to 16-month low
The Swiss National Bank kept its policy rate unchanged at its 24 September 2026 meeting, even as inflation rose to 0.8%. The franc weakened past 0.83 per dollar, with traders exploiting its role as a carry-trade funding currency.