Archive – Banking & Fintech

Bern Olympic bid looks stateside for lessons

This content was published on Feb 27, 2002 The man leading Bern’s bid, Martin Hodler, told swissinfo that measuring up to Salt Lake City would be a daunting task, but that it was crucial for Switzerland’s image that Bern succeeds in doing so. “It’s a big task to follow this event – but Switzerland needs this challenge. It would be very sad if…

Swiss wanderer ends his travels in Tasmania

This content was published on Feb 27, 2002 A born adventurer, Stucki tired of school at 16 and set off by bicycle from Bern to Paris to join the French Foreign Legion – an ambition that was foiled after a week of hunger and a fruitless search for the Legion’s collection-centre. Defeated, he headed home, but his wanderlust was undiminished. “I’ve always wanted…

Switzerland – a biker’s paradise?

This content was published on Feb 27, 2002 Switzerland’s dense network of bike paths includes nine signposted national tour routes totalling 3,300 kilometres, which link the different regions of Switzerland. The network is completed by another 3,000 kilometres of regional cycle tracks. In the year 2000 alone – more recent figures are not yet available – the network was used 3.4 million times,…

Geneva and Neuchâtel take SAirGroup to court

This content was published on Feb 27, 2002 The two French-speaking cantons registered their case at the Public Prosecutor’s Office in Zurich on February 14. The case alleges, among other things, that SAirGroup board executives misled investors, grossly mismanaged the business and gave preferential treatment to certain creditors. Heavy losses Canton Geneva lost SFr57 million ($33.6 million), when Swissair nose-dived because its 223,865…

Roth defends banking secrecy in London

This content was published on Feb 27, 2002 Speaking to the British-Swiss Chamber of Commerce in London, Roth said that many observers believe the success of Swiss banks can only be explained by the existence of banking secrecy. With its traditions and its experience in asset management, Switzerland attached great value to financial privacy, he said. “It would be short-sighted to believe that…

Zobl to depart troubled Swiss Life

This content was published on Feb 27, 2002 At the same time, Swiss Life announced that profit for 2001 would be about SFr100 million ($58.86 million), a drop of almost 90 per cent over the previous year’s performance. A statement on Wednesday from Swiss Life’s headquarters in Zurich said Zobl, who has been CEO for almost ten years, had decided to resign his…

ETH spinoff speeds discovery of new chemical catalysts

This content was published on Feb 26, 2002 Founded three years ago by Paul Nelson and Prof Peter Chen, Thales Technologies is a spinoff from the Swiss Federal Institute of Technology’s (ETH Zürich) Institute of Organic Chemistry. It has developed a proprietary methodology for screening and analyzing catalysts. Catalysts play a critical role in the food, energy, materials and pharmaceutical industries. The reasons…

Losses widen at Calida

This content was published on Feb 26, 2002 The canton Lucerne-based maker of underwear and nightwear revealed a net loss of SFr40.3 million ($23.7 million) last year, after falling into the red to the tune of SFr10.3 million in 2000. Calida’s chief executive, Felix Sulzberger, told swissinfo that the scale of the loss was because of over-ambitious expectations about sales and the clearing…

Should Mühlemann go?

This content was published on Feb 26, 2002 Credit Suisse (CS) Group has been beset by scandal and the mud is starting to stick to Mühlemann, who is both chairman and CEO. Last week he said he would be stepping down from the board of an Argentinian bank – part owned by Credit Suisse First Boston – which is under investigation for money…

ABB chairman denies vendetta

This content was published on Feb 26, 2002 Dormann was answering speculation that the decision to go public about the payouts was motivated by a personal vendetta by the company’s largest shareholder, Martin Ebner. Ebner, a board member who has a ten per cent stake in the electrical engineering giant, is said to be incensed by ABB’s poor share performance in recent years.…

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Archive – Banking & Fintech

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Bern Olympic bid looks stateside for lessons

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Swiss wanderer ends his travels in Tasmania

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Switzerland – a biker’s paradise?

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Geneva and Neuchâtel take SAirGroup to court

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Roth defends banking secrecy in London

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Zobl to depart troubled Swiss Life

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ETH spinoff speeds discovery of new chemical catalysts

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Losses widen at Calida

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Should Mühlemann go?

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ABB chairman denies vendetta

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