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Switzerland’s blue chip index climbed 401.92 points to close the week at 7,025.17, although still down 190.33 points compared with seven days ago. Shares in UBS, Switzerland’s largest bank, closed almost 37 per cent higher at SFr21 ($19.11), while Credit Suisse Group finished at SFr56 per share, up 18 per cent. Buoyed by a temporary [...]

Swiss banks have taken necessary measures early enough during the credit crisis, SNB Chairman Jean-Pierre Roth said in a TV interview on Thursday. “I am glad that our large banks have taken measures quickly,” Roth told Swiss TV channel SF1. “We see now that the situation in America is much worse. But here we took [...]