Archive – Banking & Fintech

Heatwave blamed as road deaths climb

This content was published on Feb 17, 2004 The increase contrasts with fewer road deaths across the European Union and comes amid government plans to halve the number of fatalities by 2010. The Swiss Council for Accident Prevention said on Tuesday that last summer’s hot weather could have contributed to the higher figures as more motorists took to the open road. But the…

Zurich airport seeks to reassure locals

This content was published on Feb 17, 2004 The airport’s management says it wants to improve conditions for its German and Swiss neighbours, who have regularly voiced their displeasure in recent months. The importance given to the new guidelines was highlighted on Tuesday, when the head of the Federal Transport Office made the trip to Zurich to discuss them. “Even when we are…

UBS expands European wealth management base

This content was published on Feb 17, 2004 Switzerland’s biggest bank announced on Tuesday that it had agreed to buy the British-based financial adviser, Scott Goodman Harris, for an undisclosed fee. Scott Goodman Harris is a leading life and pensions adviser, largely serving executives and company directors. “The acquisition of Scott Goodman Harris fits in very well with the onshore private banking expansion…

Swiss fund backs innovative chip design firm

This content was published on Feb 17, 2004 The Swiss-based venture capital firm, with offices in Europe and the US, led a $3.83 million venture capital investment in the company, headquartered in Le Vaud. Co-investor in the early stage company is France’s Innovacom SA. Index helped to spin Kimotion Technologies Inc out of the Microelectronics and Sensors lab at Katholieke Universiteit Leuven, Belgium.…

Swiss Life abandons Banca del Gottardo deal

This content was published on Feb 17, 2004 “The two parties were too far apart on price to reach an agreement,” Swiss Life said in a statement on Tuesday. Swiss Life wanted at least SFr1.5 billion ($1.2 billion) for Banca del Gottardo, although the private bank made a loss of SFr160.5 million in 2002. “Our valuation…is realistic,” said Rolf Dörig, chief executive officer…

Big brewers lock up restaurant market

This content was published on Feb 16, 2004 Smaller beer producers have complained that their larger rivals are shutting them out of a lucrative market. The competition commission has confirmed that an investigation of industry practices is underway and it expects the inquiry to be completed by the end of the year. “The contracts between the brewers and restaurants are part of that…

Pensioners put to work abroad

This content was published on Feb 12, 2004 Rather than just sit back and collect their retirement packages, these senior citizens are using their knowledge and experience to benefit a worthy cause. They are part of the Senior Expert Corps, run by Swisscontact, the Swiss Foundation for Technical Cooperation. The foundation provides training, financial aid, small credit as well as management consulting to…

Credit Suisse completes turnaround

This content was published on Feb 12, 2004 The result constitutes a turnaround in the bank’s fortunes, after it registered a record loss of SFr3.3 billion in 2002. The group’s operating income was over SFr26 billion last year, four per cent less than in 2002, but costs were lower by one-fifth. The Credit Suisse Financial Services unit was the main factor behind the…

Controversial plan aims to spur growth

This content was published on Feb 12, 2004 It launched a provocative ten-point programme on Thursday that includes criticism of invalidity benefit abuses. The “Ten Steps to Growth” programme is the association’s latest bid to influence national policy. After last weekend’s nationwide vote against road transport proposals, it renewed its call for a second Gotthard road tunnel through the Alps. The association has…

The Economist gives Switzerland a health check

This content was published on Feb 12, 2004 The 20-page special takes a look at the political and economic peculiarities of a country that still in many ways remains a law unto itself. Author Barbara Beck interviewed a cross-section of politicians, business and banking leaders, administrators and academics to build a picture of Switzerland today. She concludes that while the small, landlocked country…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Heatwave blamed as road deaths climb

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Zurich airport seeks to reassure locals

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UBS expands European wealth management base

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Swiss fund backs innovative chip design firm

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Swiss Life abandons Banca del Gottardo deal

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Big brewers lock up restaurant market

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Pensioners put to work abroad

More

Credit Suisse completes turnaround

More

Controversial plan aims to spur growth

More

The Economist gives Switzerland a health check

Popular Stories

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