Government fines former Credit Suisse chairman over false statements
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The Federal Department of Finance has fined Urs Rohner, the former chairman of Credit Suisse, 25,000 francs for providing false information to regulators. The case stems from the shadowing affair, a corporate spying scandal that occurred under his watch. Mr Rohner, who denies the accusations, faces a further suspended fine of nearly 100,000 francs if the ruling becomes final.
The SVP party has postponed selecting its Federal Council ticket, citing hidden issues that the committee preferred not to name. Elsewhere, the arms industry is nervously awaiting a November 29 vote on export rules. Current regulations prevent sales to Ukraine but allow them to almost anyone else, a policy critics find illogical and manufacturers find precarious.
The retailer Coop is employing artificial intelligence to monitor self-checkout customers without their explicit consent. In the courts, a private individual has sued the Graubünden Cantonal Bank for 637 million francs, an ambitious sum even by the standards of Swiss litigation.