Archive – Banking & Fintech

Swiss financier investigated over money laundering

This content was published on Oct 20, 2004 The Swiss Federal Prosecutor’s Office said on Sunday that it started the inquiry several weeks ago. “There is a suspicion of cross-border money laundering,” said the office’s spokesman, Hansjürg Mark Wiedmer, confirming reports that had appeared in Sunday newspapers. Wiedmer added that several people were believed to be involved, but did not give any further…

Survey finds Swiss bankers top stress league

This content was published on Oct 20, 2004 One-third of Swiss bank employees say they feel stressed, while one quarter are on tranquillisers or antidepressants. Just 16 per cent say they are satisfied with their jobs. The study, by the University of Lausanne, found that stress levels were much higher in the banking sector than in other industries. “One-third of banking employees reported…

Tax on CO2 emissions moves step closer

This content was published on Oct 20, 2004 The cabinet has come under pressure to introduce some kind of tax on CO2 emissions because Switzerland is failing to meet global and national targets. The government announced on Wednesday that it was sending out four different proposals for nationwide consultation until January 20. It comes after authorities admitted they would not meet the targets…

EU enlargement – is Switzerland missing the boat?

This content was published on Oct 19, 2004 This was the main message to emerge from this year’s Europa Forum in Lucerne, which brought together political and economic leaders from Switzerland and five of the new member states. The three-day Europa Forum, one of the major political and economic events on the Swiss domestic scene, was devoted this year to the theme of…

Sceptical government cuts growth forecast

This content was published on Oct 19, 2004 The ministry said the revised figures were the result of a surge in the price of oil and a global slowdown. In August, government economists had predicted growth of 2.3 per cent in 2005. But the State Secretariat for Economic Affairs (Seco) said the recovery was expected to continue in the second half of this…

Insurers set to weather storm damage

This content was published on Oct 18, 2004 But analysts say they expect firms to weather the storm and bounce back even stronger – unlike in the past. Switzerland’s largest insurer, Zurich Financial Services (ZFS), announced on Monday that it expected claims from the storms to top $525 million (SFr648 million). ZFS said the claims related to hurricanes Charley, Frances, Ivan and Jeanne,…

Falling emissions fail to stem calls for CO2 tax

This content was published on Oct 18, 2004 Officials announced on Monday that a fuel efficiency programme had led to a six per cent reduction in CO2 emissions last year, but they said this was not enough. In its annual report, the Federal Energy Office said carbon dioxide output would have to be cut by 900,000 tons for heating fuel and 2.6 million…

Government forced to consider fuel tax

This content was published on Oct 18, 2004 The agency’s latest figures released on Friday show that Switzerland cannot hope to reduce levels to ten per cent below 1990 levels. It said existing measures were insufficient and would only lower emissions by 3.8 per cent. “We’ll have to take additional measures to fulfil… the goals of the [Swiss] CO2 law and our commitment…

Swiss safeguard future food resources

This content was published on Oct 18, 2004 The United Nations says that unless efforts are made globally to safeguard agricultural biodiversity, the world’s food supply will be threatened. According to the United Nations Food and Agriculture Organization (FAO), the genetic diversity of crops has shrunk by 75 per cent over the past century. It says food supply has become more vulnerable, and…

A cross for every occasion

This content was published on Oct 15, 2004 Its popularity is the subject of an exhibition in the capital, Bern, which asks if the cross’s trendiness is due to a surge of patriotism or whether firms are just cashing in. The exhibition, entitled “White on Red – United Colours of Switzerland”, has just opened at the Museum of Communication in Bern. Taking the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss financier investigated over money laundering

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Survey finds Swiss bankers top stress league

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Tax on CO2 emissions moves step closer

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EU enlargement – is Switzerland missing the boat?

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Sceptical government cuts growth forecast

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Insurers set to weather storm damage

More

Falling emissions fail to stem calls for CO2 tax

More

Government forced to consider fuel tax

More

Swiss safeguard future food resources

More

A cross for every occasion

Popular Stories

Most Discussed