Mercedes Ruehl
@mjruehl.bsky.social
Switzerland and Austria correspondent for @financialtimes.com based in Zurich, via Singapore and Hong Kong. ft.com/mercedes-ruehl
Get in touch: Mercedes.Ruehl@FT.com
Get in touch: Mercedes.Ruehl@FT.com
UBS will appeal a Swiss court decision that found a writedown of nearly SFr16.5bn in Credit Suisse bonds lacked a sufficient legal basis. on.ft.com/4qDcYV6
UBS to appeal court decision on Credit Suisse bond wipeout
[FREE TO READ] Swiss bank says it has progressed in integrating Credit Suisse and achieved $10bn in cumulative cost savings
on.ft.com
October 29, 2025 at 8:44 AM
UBS will appeal a Swiss court decision that found a writedown of nearly SFr16.5bn in Credit Suisse bonds lacked a sufficient legal basis. on.ft.com/4qDcYV6
Does the world still need Davos? www.ft.com/content/8f7d...
The Davos set in decline: can the World Economic Forum save itself?
Battered by scandal, the Swiss organisation behind the annual summit faces a moment of crisis. Insiders say its future may depend on the success of next year’s meeting
www.ft.com
October 9, 2025 at 6:50 AM
Does the world still need Davos? www.ft.com/content/8f7d...
on.ft.com/4g7GjSv Denials and defiance: Nestlé chief’s exit over relationship prompts investor unrest
Denials and defiance: Nestlé chief’s exit over relationship prompts investor unrest
[FREE TO READ] Shareholders turn on board over handling of CEO dismissal after chair Bulcke failed to heed earlier advice to fire Freixe
on.ft.com
September 3, 2025 at 12:52 PM
on.ft.com/4g7GjSv Denials and defiance: Nestlé chief’s exit over relationship prompts investor unrest
Celebrating democracy in Switzerland with wurst and a show of hands
on.ft.com/3JkWlfn Switzerland celebrates hands-on democracy (with sausages)
on.ft.com/3JkWlfn Switzerland celebrates hands-on democracy (with sausages)
Switzerland celebrates hands-on democracy (with sausages)
It has survived centuries but even this voting tradition is not immune to populist forces
on.ft.com
August 7, 2025 at 6:34 AM
Celebrating democracy in Switzerland with wurst and a show of hands
on.ft.com/3JkWlfn Switzerland celebrates hands-on democracy (with sausages)
on.ft.com/3JkWlfn Switzerland celebrates hands-on democracy (with sausages)
on.ft.com/45ftksS Switzerland in ‘shock’ at 39% US tariff blow
Switzerland in ‘shock’ at 39% US tariff blow
[FREE TO READ] New duty level on Swiss goods one of highest in the world and exceeds 31% rate outlined by Donald Trump in April
on.ft.com
August 1, 2025 at 9:43 AM
on.ft.com/45ftksS Switzerland in ‘shock’ at 39% US tariff blow
Reposted by Mercedes Ruehl
I will develop a plan to bring disciplined newsletter governance, proper capital allocation, strategic foresight and operational excellence to Money Stuff. www.bloomberg.com/opinion/news...
UBS FX Trades Were Too Good
Also Sinovac, Daily Journal and an insurance correlation trade.
www.bloomberg.com
July 29, 2025 at 6:14 PM
I will develop a plan to bring disciplined newsletter governance, proper capital allocation, strategic foresight and operational excellence to Money Stuff. www.bloomberg.com/opinion/news...
Be interesting to see if any heads will roll at UBS over this
on.ft.com/4mhC9t4 UBS orders bankers to scale back sale of complex currency products
on.ft.com/4mhC9t4 UBS orders bankers to scale back sale of complex currency products
UBS orders bankers to scale back sale of complex currency products
[FREE TO READ] Swiss bank tells advisers to stop pitching foreign exchange derivatives to many clients after losses
on.ft.com
July 29, 2025 at 8:00 PM
Be interesting to see if any heads will roll at UBS over this
on.ft.com/4mhC9t4 UBS orders bankers to scale back sale of complex currency products
on.ft.com/4mhC9t4 UBS orders bankers to scale back sale of complex currency products
Scoop: After the US pullback, China is making a concerted effort to expand its influence throughout the UN. Story here with @henryjfoy.ft.com @lauramdubois.ft.com and Joe Leahy here:
www.ft.com/content/e289...
www.ft.com/content/e289...
Trump left a power vacuum at the UN. China saw an opportunity
Beijing makes concerted effort to place officials and push its agenda in Geneva, say western diplomats
www.ft.com
July 22, 2025 at 11:42 AM
Scoop: After the US pullback, China is making a concerted effort to expand its influence throughout the UN. Story here with @henryjfoy.ft.com @lauramdubois.ft.com and Joe Leahy here:
www.ft.com/content/e289...
www.ft.com/content/e289...
Reposted by Mercedes Ruehl
The Swiss solution looming into sight for UBS - smart column here from @mjruehl.bsky.social Switzerland’s pragmatic, slow-moving political system might benefit the bank in seeking compromise in debate over capital rules www.ft.com/content/702f...
The Swiss solution looming into sight for UBS
Switzerland’s pragmatic, slow-moving political system might benefit the bank in seeking compromise in debate over capital rules
www.ft.com
July 10, 2025 at 6:14 AM
The Swiss solution looming into sight for UBS - smart column here from @mjruehl.bsky.social Switzerland’s pragmatic, slow-moving political system might benefit the bank in seeking compromise in debate over capital rules www.ft.com/content/702f...
Reposted by Mercedes Ruehl
BCG earned more than $1mn for Gaza aid barge project https://on.ft.com/45097Zd
BCG earned more than $1mn for Gaza aid barge project
Work with private US group Fogbow overlapped with start of separate effort to help Gaza Humanitarian Foundation
on.ft.com
July 13, 2025 at 5:10 AM
BCG earned more than $1mn for Gaza aid barge project https://on.ft.com/45097Zd
Reposted by Mercedes Ruehl
#Trade: #Switzerland stirs #Brexit ghosts in push for #EU access, by @mjruehl.bsky.social and @andybounds.bsky.social | Financial Times
Switzerland stirs Brexit ghosts in push for EU access
Referendum looms on single market deal that includes concessions on money, migration and judicial power
www.ft.com
July 1, 2025 at 1:26 PM
#Trade: #Switzerland stirs #Brexit ghosts in push for #EU access, by @mjruehl.bsky.social and @andybounds.bsky.social | Financial Times
Reposted by Mercedes Ruehl
From a very good piece by @andybounds.bsky.social and @mjruehl.bsky.social in today's FT on the EU-Swiss deal and the difficult road ahead:
www.ft.com/content/3200...
www.ft.com/content/3200...
Switzerland stirs Brexit ghosts in push for EU access
Referendum looms on single market deal that includes concessions on money, migration and judicial power
www.ft.com
July 1, 2025 at 5:08 PM
From a very good piece by @andybounds.bsky.social and @mjruehl.bsky.social in today's FT on the EU-Swiss deal and the difficult road ahead:
www.ft.com/content/3200...
www.ft.com/content/3200...
Bankers and lawyers warn of a UK-style exodus ahead of an extreme proposed inheritance tax in Switzerland: this weekend’s FT front page
June 21, 2025 at 10:41 AM
Bankers and lawyers warn of a UK-style exodus ahead of an extreme proposed inheritance tax in Switzerland: this weekend’s FT front page
As a teenage apprentice in Switzerland, Stefan Bollinger was told that with no university degree, his banking career was over. Now the former Goldman and JPMorgan banker has landed one of the top jobs in Swiss finance at Julius Baer. Can he turn it around?
www.ft.com/content/c4bc...
www.ft.com/content/c4bc...
Can an ex-Goldman banker finally fix Julius Baer?
The Swiss wealth manager’s new chief executive Stefan Bollinger takes on a troubled legacy — and Zurich’s establishment
www.ft.com
June 19, 2025 at 12:50 PM
As a teenage apprentice in Switzerland, Stefan Bollinger was told that with no university degree, his banking career was over. Now the former Goldman and JPMorgan banker has landed one of the top jobs in Swiss finance at Julius Baer. Can he turn it around?
www.ft.com/content/c4bc...
www.ft.com/content/c4bc...
Reposted by Mercedes Ruehl
Switzerland's benchmark interest rate is a big fat zero
via @mjruehl.bsky.social in Zurich + me
www.ft.com/content/4282...
via @mjruehl.bsky.social in Zurich + me
www.ft.com/content/4282...
Swiss central bank cuts rates to zero
Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking
www.ft.com
June 19, 2025 at 8:49 AM
Switzerland's benchmark interest rate is a big fat zero
via @mjruehl.bsky.social in Zurich + me
www.ft.com/content/4282...
via @mjruehl.bsky.social in Zurich + me
www.ft.com/content/4282...
Reposted by Mercedes Ruehl
Investigative reporter Lukas Hässig did Switzerland a service in exposing corruption at the country’s second-largest banking group. Now the Swiss state is seeking to criminalise his journalism using Article 47 of the Swiss Banking Act, also known as the banking secrecy law. @mjruehl.bsky.social
Finance blog raided over suspected Swiss banking secrecy law breaches
[FREE TO READ] Investigation of Inside Paradeplatz raises concerns about ‘draconian’ rules
www.ft.com
June 18, 2025 at 8:57 AM
Investigative reporter Lukas Hässig did Switzerland a service in exposing corruption at the country’s second-largest banking group. Now the Swiss state is seeking to criminalise his journalism using Article 47 of the Swiss Banking Act, also known as the banking secrecy law. @mjruehl.bsky.social
The raid on a finance blog is a worrying sign for press freedom in Switzerland. The journalist in question doggedly uncovered a huge banking scandal and now may be punished under draconian Swiss secrecy laws.
on.ft.com/443SKZR Finance blog raided over suspected Swiss banking secrecy law breaches
on.ft.com/443SKZR Finance blog raided over suspected Swiss banking secrecy law breaches
Finance blog raided over suspected Swiss banking secrecy law breaches
Investigation of Inside Paradeplatz raises concerns about ‘draconian’ rules
on.ft.com
June 18, 2025 at 5:55 AM
The raid on a finance blog is a worrying sign for press freedom in Switzerland. The journalist in question doggedly uncovered a huge banking scandal and now may be punished under draconian Swiss secrecy laws.
on.ft.com/443SKZR Finance blog raided over suspected Swiss banking secrecy law breaches
on.ft.com/443SKZR Finance blog raided over suspected Swiss banking secrecy law breaches
Reposted by Mercedes Ruehl
@ftweekend.com Magazine @financialtimes.com
June 13, 2025 at 3:57 PM
@ftweekend.com Magazine @financialtimes.com
Reposted by Mercedes Ruehl
Always worth listening to @katie0martin.ft.com
on.ft.com/4kXL7eE Why we should worry about the rise of stablecoins
on.ft.com/4kXL7eE Why we should worry about the rise of stablecoins
June 7, 2025 at 10:02 AM
Always worth listening to @katie0martin.ft.com
on.ft.com/4kXL7eE Why we should worry about the rise of stablecoins
on.ft.com/4kXL7eE Why we should worry about the rise of stablecoins
Reposted by Mercedes Ruehl
💥 Christine Lagarde has discussed cutting short her term as European Central Bank president to become chair of the World Economic Forum, ousted WEF founder Klaus Schwab told @financialtimes.com
A bonafide marmalade-dropper from @mjruehl.bsky.social & @olafstorbeck.ft.com
on.ft.com/45sZ4fO
A bonafide marmalade-dropper from @mjruehl.bsky.social & @olafstorbeck.ft.com
on.ft.com/45sZ4fO
Christine Lagarde discussed leaving ECB early to head WEF, Klaus Schwab says
[FREE TO READ] Ousted Davos founder says central bank chief has been in talks to leave before her term ends in 2027
on.ft.com
May 28, 2025 at 8:24 AM
💥 Christine Lagarde has discussed cutting short her term as European Central Bank president to become chair of the World Economic Forum, ousted WEF founder Klaus Schwab told @financialtimes.com
A bonafide marmalade-dropper from @mjruehl.bsky.social & @olafstorbeck.ft.com
on.ft.com/45sZ4fO
A bonafide marmalade-dropper from @mjruehl.bsky.social & @olafstorbeck.ft.com
on.ft.com/45sZ4fO
Reposted by Mercedes Ruehl
Austria's center right proposal to keep out the far right, via coalitional letting thousands flower bloom.
”For the centre left, there are rent controls and a levy on bank profits; for the liberals, there are public sector reforms, and for Stocker’s party, a tougher line on security and migration."
”For the centre left, there are rent controls and a levy on bank profits; for the liberals, there are public sector reforms, and for Stocker’s party, a tougher line on security and migration."
FT INTERVIEW: EU asylum laws no longer correspond to their original intention says Austria’s chancellor.
on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose
on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose
Austrian chancellor says EU asylum rules are no longer fit for purpose
Christian Stocker adopts hardline policy in bid to bring ‘contentment’ to Austrian voters riled up by far right
on.ft.com
May 27, 2025 at 8:51 AM
Austria's center right proposal to keep out the far right, via coalitional letting thousands flower bloom.
”For the centre left, there are rent controls and a levy on bank profits; for the liberals, there are public sector reforms, and for Stocker’s party, a tougher line on security and migration."
”For the centre left, there are rent controls and a levy on bank profits; for the liberals, there are public sector reforms, and for Stocker’s party, a tougher line on security and migration."
FT INTERVIEW: EU asylum laws no longer correspond to their original intention says Austria’s chancellor.
on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose
on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose
Austrian chancellor says EU asylum rules are no longer fit for purpose
Christian Stocker adopts hardline policy in bid to bring ‘contentment’ to Austrian voters riled up by far right
on.ft.com
May 25, 2025 at 12:47 PM
FT INTERVIEW: EU asylum laws no longer correspond to their original intention says Austria’s chancellor.
on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose
on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose
“In German we say beratungsresistent: resistant to advice. That is the essence of the problem . . . it is a sad story”
on.ft.com/44PfZJv Activist takes on Swatch maverick as Omega empire falters
on.ft.com/44PfZJv Activist takes on Swatch maverick as Omega empire falters
Activist takes on Swatch maverick as Omega empire falters
Nick Hayek has overseen a decade of decline at the watchmaker. Can he see off the threat to his grip on the group?
on.ft.com
May 19, 2025 at 1:54 PM
“In German we say beratungsresistent: resistant to advice. That is the essence of the problem . . . it is a sad story”
on.ft.com/44PfZJv Activist takes on Swatch maverick as Omega empire falters
on.ft.com/44PfZJv Activist takes on Swatch maverick as Omega empire falters
He “couldn’t let go — if these scandals hadn’t happened he would still be here”: the battle by World Economic Forum founder Klaus Schwab to save his legacy. With @stephenfoleyft.bsky.social
www.ft.com/content/011d...
www.ft.com/content/011d...
Downfall in Davos: Klaus Schwab fights for legacy after WEF whistleblower claims
Ousted head of World Economic Forum battles impropriety allegations and second probe into his conduct in a year
www.ft.com
May 14, 2025 at 6:31 PM
He “couldn’t let go — if these scandals hadn’t happened he would still be here”: the battle by World Economic Forum founder Klaus Schwab to save his legacy. With @stephenfoleyft.bsky.social
www.ft.com/content/011d...
www.ft.com/content/011d...
Reposted by Mercedes Ruehl
Two of Europe’s most powerful trade unions have accused European Central Bank president Christine Lagarde of undermining workers’ rights at the Frankfurt institution, escalating a long-running and bitter feud over labour relations. www.ft.com/content/423a...
Christine Lagarde under fire from unions over ECB workers’ rights
Central bank wants elected staff representatives to spend more time in their day jobs
www.ft.com
May 12, 2025 at 5:31 AM
Two of Europe’s most powerful trade unions have accused European Central Bank president Christine Lagarde of undermining workers’ rights at the Frankfurt institution, escalating a long-running and bitter feud over labour relations. www.ft.com/content/423a...