Archive – Banking & Fintech

Parliament votes to crack down on price fixers

This content was published on Sep 26, 2002 The House of Representatives voted 109 to 59 for the proposed legislation, with the Senate later following suit by a vote of 104 to 64 in favour. The legislation will give the Competition Commission greater power to fine companies the first time they are found guilty of price fixing. Firms found to be abusing their…

The deer and steamboat

This content was published on Sep 25, 2002 The “Dampschiff” (Steamboat) in Thun, the Hotel de la Gare in Courgenay, the Schweizerhof in Lucerne, the restaurant Zwyssighaus in Bauen and the Hotel Hirschen (Deer) in Beromünster. The Dampschiff – Thun Named for the “careful and loving restoration of the building and the re-opening of the restaurant with attention to the historical details”. Hôtel…

Swissair grounds flights as suppliers cut fuel deliveries

This content was published on Sep 25, 2002 Swissair Group said in a statement that it was suspending all Swissair flights as of Tuesday because “Despite intensive talks during the entire day, it was not possible to secure the liquidity necessary for the daily business and safe operations.” It added that no decision had been taken about if and when flights would resume.…

Jungfrau railway lands in American hands

This content was published on Sep 25, 2002 US investment group, Global Equity SA, now owns the largest single stake – 22 per cent – in railway company Jungfrau Holdings SA. Berner Kantonalbank, a regional bank and BKV FMB Energie AG, an energy company, bought the majority of Swiss Life’s shares and now own 16.5 per cent and seven per cent of the…

Swiss fail to find a place for nuclear waste

This content was published on Sep 24, 2002 There are few alternatives to the proposed underground site in Nidwalden. Sunday’s vote was the second time since 1995 that residents of the central Swiss canton have thrown out plans to bury radioactive waste in an underground cavern below the local Wellenberg mountain. The first vote was close, but this time nearly 60 per cent…

Swiss Dairy Food gets government bailout

This content was published on Sep 23, 2002 The second largest dairy in the country said it had avoided bankruptcy by means of a bank credit of SFr89 million. A further SFr70 million was expected to come from the government. SDF announced it had gone into receivership and would be seeking to sell off viable parts of the operation. “The board of management…

Solidarity Foundation – the road to the vote

This content was published on Sep 23, 2002 The government’s proposal for a so-called Solidarity Foundation first came to light in the mid 1990s. Ahead of Sunday’s poll, swissinfo takes a look back at the major political events which have led up to the vote. 1995 The World Jewish Congress begins a campaign aimed at forcing Swiss banks to reveal full details of…

Economic worries drove Swiss to vote no

This content was published on Sep 23, 2002 They took the view that the economic downturn, and not selfishness, was the reason the Swiss refused to share their gold windfall. The papers saw the double thumbs down on Sunday as a stinging blow to the government, which had campaigned hard for electricity liberalisation and to have proceeds from the sale of excess gold…

Swiss pull plug on electricity deregulation

This content was published on Sep 22, 2002 The result is a victory for opponents who played on consumers’ fears that deregulation would lead to price hikes and cause confusion. Opponents, led by the trade unions and leftwing groups, argued strongly against tampering with a system that worked and was understood by everyone. “I think the security of the existing system helped our…

Electricity liberalisation set to be thrown out

This content was published on Sep 22, 2002 The result – if confirmed – would be a victory for opponents who played on consumers’ fears that deregulation would lead to price hikes and cause confusion. In the run-up to Sunday’s vote, observers said the outcome was likely to hinge on whether people believed electricity prices would rise following deregulation. Supporters, including the government,…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Parliament votes to crack down on price fixers

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The deer and steamboat

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Swissair grounds flights as suppliers cut fuel deliveries

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Jungfrau railway lands in American hands

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Swiss fail to find a place for nuclear waste

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Swiss Dairy Food gets government bailout

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Solidarity Foundation – the road to the vote

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Economic worries drove Swiss to vote no

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Swiss pull plug on electricity deregulation

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Electricity liberalisation set to be thrown out

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