SWITZERLAND DAYBOOK: Credit Suisse, Baloise, Winterthur

Cristina von Bargen, head of communications for Credit Suisse’s investment bank and the Americas, will leave the company, the New York Times reported, citing an internal memo.

Von Bargen’s departure comes a year after the bank hired Pamela Thomas-Graham to manage communications, the newspaper said. Charles Naylor, a spokesman for Credit Suisse, said the bank was looking for a replacement for von Bargen.

WHAT TO WATCH: *The government meets in Bern

EQUITIES: *Credit Suisse agrees to pay $70 million to settle subprime suit *Baloise Holding nominates Andreas Beerli to board of directors *Schweiter reports full year net earnings of SF51 million *Mobilezone says 2011 market environment to remain challenging *Winterthur posts order intake of EU223 million in 2010

MARKETS: *The SMI fell 0.7 percent to close at 6,404.62 *The SPI lost 0.8 percent to close 5,810.40 *The Stoxx Europe 600 Index declined 1.1 percent to 278.50 *MSCI Asia-Pacific Index fell 1.6 percent to 134.04 as of 7:30 Zurich time *Euro -- Franc at 1.2887 at 7:17 a.m. Zurich time

To contact the reporter on this story: Leigh Baldwin in Zurich at lbaldwin3@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.