Archive – Banking & Fintech

Debate set to continue over nuclear energy

This content was published on Jun 20, 2002 The House of Representatives tackled the highly controversial issue on Thursday, debating a series of proposals. The arguments will continue during parliament’s autumn session. Environmental organisations and centre-left political parties have called for the gradual shutdown of the country’s five nuclear power plants and an end to the reprocessing of spent fuel rods. The same…

British business reaches out to eastern Switzerland

This content was published on Jun 20, 2002 In a bid to boost economic ties with the region, the embassy’s trade and investment division – in conjunction with the British-Swiss Chamber of Commerce – has organised two days of activities in the Swiss city of St Gallen. “We have to admit that we’ve neglected this area in the past, ” said David Roberts,…

MBO for Distefora Mobile

This content was published on Jun 20, 2002 Two years ago, Distefora acquired Minick, a small mobile services company and folded its people and technology into its mobile division. Now an MBO ensuring the survival of the mobile business division is going to put Minick AG back in business. Distefora Mobile employs about 50 workers who will likely all move to the new…

Credit Suisse comes to Winterthur’s aid

This content was published on Jun 20, 2002 The amount includes SFr600 million in capital to “strengthen Winterthur’s solvency margin”, which had fallen due to poor equity markets and growth in its business, said the bank in a statement on Thursday. Credit Suisse said the funds were in addition to the proceeds of a SFr1.1 billion perpetual bond already placed in the euro…

Weak economy threatens Swiss pensions

This content was published on Jun 20, 2002 The study, commissioned by the Swiss think-tank “Avenir Suisse”, says insurers who manage company pension schemes are likely to run short of cash in the future, and will struggle to meet their commitments. One reason is because the bulk of the pension funds’ income – between 60 and 80 per cent – comes not from…

Swiss private equity industry takes stock

This content was published on Jun 20, 2002 After years of healthy, sometimes spectacular, growth in the size and value of their investment funds, Swiss and private equity and venture capital investors saw declines in 2001, according to figures published by the EVCA last month. The amount invested by private equity and venture capital teams sank from SFr975 million in 237 investments in…

A whistle-stop tour, not for weight-watchers

This content was published on Jun 20, 2002 Admit it. Among the first things you think about when the word Swiss is mentioned are cheese and chocolate. But the reason Swiss cheese and chocolate are world-renowned are because they are good, and throughout the summer, the chocolate train will take you to see some of the best examples being made. First, there is…

Parliament ditches aviation deal with Germany

This content was published on Jun 20, 2002 As expected, the House of Representatives on Wednesday voted against the agreement, saying it discriminated against Switzerland. The Senate is expected to follow suit later this year. During the debate in the House, politicians from centre-right and right wing parties accused the transport minister, Moritz Leuenberger, of selling out Switzerland to neighbouring Germany. They said…

Strike leaves air passengers stranded

This content was published on Jun 19, 2002 Travellers at Swiss airports suffered as industrial action by controllers in France, Italy, Portugal, Greece and Hungary disrupted short-haul flights over these countries. The new national carrier, “swiss”, cancelled 50 flights, mostly to and from France, while most Air France flights were also cancelled. The strike affected around 20 per cent of flights at Basel…

Klicket taps friends and family for seed funding

This content was published on Jun 19, 2002 The news that Kurt Broger’s start-up, Klicket AG, raised SFr236,000 in seed funding this quarter is significant not because of the size of the deal – it’s tiny compared to some of the biotechnology seed rounds seen here this year – but because it shows that innovative firms are still being established in the information…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Debate set to continue over nuclear energy

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British business reaches out to eastern Switzerland

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MBO for Distefora Mobile

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Credit Suisse comes to Winterthur’s aid

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Weak economy threatens Swiss pensions

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Swiss private equity industry takes stock

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A whistle-stop tour, not for weight-watchers

More

Parliament ditches aviation deal with Germany

More

Strike leaves air passengers stranded

More

Klicket taps friends and family for seed funding

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