Archive – Banking & Fintech

Eco-tourism to end Toggenburg’s troubles

This content was published on Jul 18, 2002 The people of Toggenburg want the long, verdant valley to be known for quality eco-tourism above all else – and music will play a small but important part. The authorities in the towns and villages dotted along the valley are taking part in a pilot project sponsored by the federal government to boost the stagnating…

Business digest

This content was published on Jul 17, 2002 The chemicals group said on Wednesday it aims to boost earnings per share at its core life sciences business by 15 per cent a year, forecasting 2002 profit would rise despite a weak global economy. “Despite the softness of the global economy and barring any further substantial deterioration in trading conditions, the group believes that…

Centerpulse CEO Rietiker fired

This content was published on Jul 16, 2002 Differences of opinion over how the company should be run and its future direction were behind the CEO’s surprise departure, said Erwin Schärer, a spokesman for the company. The medical device manufacturer also announced on Tuesday a management reorganisation, with the chairman of the board, Max Link, taking over as CEO. The firm, whose headquarters…

UBS faces audit over Abacha money

This content was published on Jul 15, 2002 The commission said the on-site audit would assess the effectiveness of the controlling mechanisms in place at Switzerland’s biggest bank, although these had improved “significantly” in recent years. In a statement, the commission said its investigations had shown that “UBS had failed to fulfil its duty to collect detailed information and review the economic background…

Air traffic controller admits failure of system

This content was published on Jul 15, 2002 In a statement, the air traffic controller said he was part of a network of people, computers, surveillance and communications equipment that failed when a Russian passenger plane and a cargo plane collided over southern Germany. “This tragic accident only happened because there were shortcomings in the network,” he said further. He added that it…

Swiss pharmaceutical firms address bioterrorism threat

This content was published on Jul 14, 2002 The charter – a set of best practice principles signed by three of the industry’s biggest names, Novartis, Roche and Serono – will regulate access to laboratories and ban the use of some substances. The aim is to reduce the risk of products stored or made by the three companies ending up as raw material…

Government admits to mistakes in handling of air disaster

This content was published on Jul 13, 2002 Leuenberger was speaking on Friday at a memorial service in Überlingen, Germany, where he said Switzerland would do all it could to help the investigation into what caused the crash and who bore responsibility for it. His comments came as the Swiss government announced that the president, Kaspar Villiger, would not attend a memorial service…

Spend a night like a knight

This content was published on Jul 13, 2002 In his first novel “Rosshalde”, Hermann Hesse described the old “Belair” villa perched above the Rhine Falls as “a dilapidated old manor house with overgrown garden walks, moss-covered seats, crumbling steps and an impenetrable jungle of a park”. Much has changed since the novel was published in 1914. Since Hesse’s less-than-flattering description, the 16th century…

Villagers struggle to make ends meet

This content was published on Jul 13, 2002 Nestling high in the Bernese Oberland, the picturesque village of Abländschen is a paradise for hikers and lovers of the quiet life, but it’s certainly no haven for job-seekers. The village grocery store has long since disappeared, and a year ago Abländschen’s post office was closed down, as part of a national programme of cuts.…

Weak markets leave bank customers jittery

This content was published on Jul 13, 2002 Hanspeter Häni, the middleman between banks and customers, told a news conference in Zurich that the number of inquiries received by his office had increased by 15 per cent over the past year. The Swiss Banking Ombudsman received 1,842 requests for mediation last year, up from 1,605 in 2000. Some 87 cases are still pending.…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Eco-tourism to end Toggenburg’s troubles

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Business digest

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Centerpulse CEO Rietiker fired

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UBS faces audit over Abacha money

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Air traffic controller admits failure of system

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Swiss pharmaceutical firms address bioterrorism threat

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Government admits to mistakes in handling of air disaster

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Spend a night like a knight

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Villagers struggle to make ends meet

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Weak markets leave bank customers jittery

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