Archive – Banking & Fintech

Swiss Life boss upbeat about insurers’ prospects

This content was published on Oct 1, 2004 Swiss Life said on Friday that it had sold the majority of its private equity portfolio, worth SFr400 million ($321 million), to Britain-based Pantheon Ventures. The announcement comes one day after Swiss Life CEO Rolf Dörig outlined the challenges facing the life insurance sector in a speech in Zurich. Dörig said European life insurance companies…

Parliament relaxes Sunday opening restrictions

This content was published on Sep 30, 2004 Unions were quick to denounce the move towards a seven-day working week, and said they would call a referendum to resist the gradual erosion of workers’ rights. On Thursday the Senate followed the House of Representatives in voting to relax Switzerland’s strict Sunday trading restrictions. The decision means that shops at Switzerland’s airports and at…

Dairy producer Emmi prepares to go public

This content was published on Sep 29, 2004 In preparation for the big event, Emmi’s top managers have this month been touring central Switzerland to drum up interest in the idea. Emmi, a producer of health and lifestyle drinks, will soon reach an annual turnover of SFr2 billion ($1.59 billion), a quarter of which is achieved through exports. Hundreds of dairy farmers listened…

Nobel laureate says Swiss economy “gets it right”

This content was published on Sep 29, 2004 But in an interview with swissinfo, Nobel prize-winning economist John Nash says Switzerland is the country whose economic policy “comes closest to getting it right”. Professor Nash, best known as the pioneer of game theory, made the comment in response to a recent survey carried out by the “Wall Street Journal”. Other Nobel laureates plumped…

Research institute offers mixed economic forecast

This content was published on Sep 28, 2004 But the KOF Institute for Business Cycle Research warned on Tuesday that growth would peak at the end of the year and lowered its forecast for 2005 to 1.8 per cent. Five months ago, KOF forecast growth of 1.4 per cent this year and 1.9 per cent in 2005. Earlier this month the Swiss National…

Ruminations on cows and cultural differences

This content was published on Sep 28, 2004 In an interview with swissinfo, she talks about life on a dairy farm, her fondness for cows, and cultural differences. Vicki worked for three years on the von Allmen’s dairy farm before marrying Hans-Christen, a farmer and cheesemaker. She has to contend with life without electricity at the so-called “Candlelight Hotel” and says she misses…

Converium unveils details of survival plan

This content was published on Sep 28, 2004 The company said on Tuesday that a syndicate of banks would underwrite its plans to plug a gaping hole in reserves by injecting SFr533 million ($420 million) of new capital. But the company’s share price lost further ground, falling by about ten per cent in early afternoon trading at the stock exchange to SFr17.65 from…

Shareholders back Converium survival plan

This content was published on Sep 28, 2004 They also voted in favour of reducing the nominal value of the share price from SFr10 to SFr5. Converium had asked shareholders to approve the steps at a special meeting in Zurich. Earlier on Tuesday the reinsurer announced that banks had underwritten the deal at a steep discount. But the company’s share price lost further…

Health premium rise is lower than expected

This content was published on Sep 28, 2004 The government says the increase will range between 2.3 per cent and 5.3 per cent, depending on age and where the policyholder lives. Health insurance in Switzerland is mandatory and no one can be denied basic insurance cover. The hike announced on Tuesday by the Federal Health Office comes in below the 4.3-per cent increase…

Survey shows drop in support for banking secrecy

This content was published on Sep 27, 2004 The study also showed that a majority of Swiss don’t know the size of the national debt – but still have clear ideas about how to reduce it. The survey by the Swiss finance ministry found that 51 per cent of those questioned favoured maintaining banking secrecy in its present form, compared with 57 per…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss Life boss upbeat about insurers’ prospects

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Parliament relaxes Sunday opening restrictions

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Dairy producer Emmi prepares to go public

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Nobel laureate says Swiss economy “gets it right”

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Research institute offers mixed economic forecast

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Ruminations on cows and cultural differences

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Converium unveils details of survival plan

More

Shareholders back Converium survival plan

More

Health premium rise is lower than expected

More

Survey shows drop in support for banking secrecy

Popular Stories

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