Archive – Banking & Fintech

Gotthard tunnel reopens despite safety concerns

This content was published on Dec 22, 2001 The first cars were given the all-clear to enter the tunnel late on Friday, but truck drivers had to wait until 5am on Saturday morning. But even as the first cars were driving through Europe’s main north-south transalpine axis for the first time since October 24, safety experts were warning the decision to reopen the…

Gotthard opening leaves truckers fearful about safety

This content was published on Dec 22, 2001 Transport organisations have welcomed the reopening, but say they are concerned about likely tailbacks of trucks on the approach roads and the possible accompanying hazards. Trucks were once again allowed to use Gotthard as of Saturday, but drivers’ fears became a reality as they were forced to wait in ever-growing queues to enter the tunnel.…

UBS hit by Swissair collapse

This content was published on Dec 22, 2001 “I cannot draw a comparison (between the terror attacks and the ruin of Swissair),” UBS chairman Marcel Ospel said in an interview with the “Neue Luzerner Zeitung” newspaper on Saturday. “The attacks were by far more tragic. About 40 per cent of our workforce is based in the US and is heavily concentrated in New…

Zurich Financial Services to sell stake in Bâlois insurance

This content was published on Dec 22, 2001 The announcement, made late on Friday, will come as good news to investors after the company made public its gloomy profit forecasts for 2001 earlier on Friday. Zurich Financial Services said it expected to make a net loss for 2001 of between $200 and $400 million (SFr327.2 – SFr654.4 million). It is not clear whether…

Top-notch school helps bankers anticipate challenges

This content was published on Dec 21, 2001 Established in 1987 as a non-profit foundation, the school focuses exclusively on executive education and training. It was set up by five of the country’s leading institutions: UBS, Credit Suisse, Bank Julius Bär, Bank Vontobel and Lombard Odier and Cie. The administrative headquarters of the banking school are located in a small house near Zurich’s…

Vaud builds economy on highly educated workforce

This content was published on Dec 21, 2001 Its economy thrives on its historic role as Switzerland’s parlour as well as its reputation for a highly educated workforce. The best known company in Vaud is probably the food giant, Nestlé, the worldwide leader in the sector and Switzerland’s largest industrial company. The company is crucial to the local economy. Not only does it…

Italian links bolster Ticino’s economy

This content was published on Dec 21, 2001 But the canton is increasingly attracting outside business, and has benefited economically from its proximity to Italy. Charles Barras from Ticino’s economic promotion office told swissinfo that as the only fully Italian-speaking area outside Italy, Ticino has a decided advantage as far as attracting Italian businesses is concerned. “Really we offer the same conditions as…

Central Swiss cantons join forces for economic promotion

This content was published on Dec 21, 2001 While most other cantons handle their own economic promotion, the inner Swiss cantons have been working together. Business Promotion Central Switzerland (BPCS), based in Lucerne, is a private agency that was set up by the cantons of Lucerne, Uri, Schwyz, Obwalden and Nidwalden in 1996. The director of BPCS, Josef Wechsler, told swissinfo that there…

There’s more to Zug than low taxes

This content was published on Dec 21, 2001 However, the low tax regime is only one of a host of reasons why companies choose to locate in the tiny central canton, according to the Zug Economic Promotion Office. At first sight the small city of Zug, nestled around a picturesque lake and surrounded by mountains, hardly appears a centre for big business. But…

Aargau holds its own among the heavyweights

This content was published on Dec 21, 2001 But it has long been a thriving centre for industry and business, and has attracted more than 40 new companies this year alone. Walter Cadosch of Aargau Services, the economic promotion office, told swissinfo that the canton’s location actually works to its advantage. “We depend on the economic growth of the big cities, but we…

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Archive – Banking & Fintech

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Gotthard tunnel reopens despite safety concerns

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Gotthard opening leaves truckers fearful about safety

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UBS hit by Swissair collapse

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Zurich Financial Services to sell stake in Bâlois insurance

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Top-notch school helps bankers anticipate challenges

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Vaud builds economy on highly educated workforce

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Italian links bolster Ticino’s economy

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Central Swiss cantons join forces for economic promotion

More

There’s more to Zug than low taxes

More

Aargau holds its own among the heavyweights

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