Archive – Banking & Fintech

Recorders reveal Crossair flight’s last moments

This content was published on Nov 30, 2001 Investigators said on Friday that the pilots were planning to abandon their landing approach shortly before the crash. According to the cockpit voice recorder, the captain and commander of the aircraft, Hans Lutz, told air traffic controllers he would try a so-called “go around”. Following a post mortem examination no traces of alcohol or drugs…

Economic indicator drops further

This content was published on Nov 30, 2001 Economic researchers at the Federal Institute of Technology in Zurich said on Friday that their index was at its lowest point since the end of 1996. The barometer, which indicates how the Swiss economy is expected to perform in six to nine months, fell to minus 1.02 in October from a downwardly revised minus 0.87…

Drivers blow the whistle on their chairman

This content was published on Nov 30, 2001 They say there is a chronic shortage of staff and that Lalive d’Epinay is responsible for the situation. A petition signed by 1,662 drivers was handed in to the Swiss transport minister, Moritz Leuenberger, on Friday calling for Lalive d’Epinay’s replacement. In an interview with the “Tages Anzeiger” newspaper of Zurich, Lalive d’Epinay said he…

Credit Suisse and Bank Linth agree to work together

This content was published on Nov 30, 2001 Under the terms of the accord, Bank Linth, which is anchored in the St Gallen region, is to leave the Regional Bank Association, which has more than 80 members. A statement said Credit Suisse would take an initial five per cent stake in Bank Linth, with an option to increase the stake to 33 per…

Switzerland holds memorial service for Crossair victims

This content was published on Nov 29, 2001 Kaspar Villiger, Switzerland’s finance minister, is representing the government at Basel’s cathedral, joined by diplomatic representatives from the victims’ home countries. These include Germany and the United States. Relatives of the victims formed a large part of the congregation. The service was broadcast live to Zurich, Geneva and Lugano airports. Black boxes Investigators have said…

Foundation to help Swissair workers

This content was published on Nov 29, 2001 The foundation, set up at the instigation of Jean-Luc Nordmann at the state secretariat for economic affairs, will offer aid not only to former employees but also to subcontractors who are struggling because of the collapse. A further aim of the foundation is to prevent those with financial problems from having to ask for state…

No criminal charges for CSFB in IPO inquiry

This content was published on Nov 29, 2001 The US attorney’s office in Manhattan, the Securities and Exchange Commission and the National Association of Securities Dealers have been looking at potential abuses in how IPO shares were allocated during the tech sector boom at the end of the nineties. In a statement, CSFB welcomed the announcement. It said CSFB “is pleased that the…

Inflation rate drops again

This content was published on Nov 29, 2001 The Federal Statistics Office said consumer price inflation ran at 0.3 per cent in November compared with November, 2000, the lowest rate since February, 1999. In October, the annual inflation increase was 0.6 per cent. “Swiss inflation is non-existent, and this is unlikely to change anytime soon,” said UBS Warburg economist, Reto Hünerwadel. The statistics…

ETH spinoff clinches two WSJ Innovation Awards

This content was published on Nov 29, 2001 Two other Swiss startups made the top of the list in the General Technology and Base Technology categories. A panel of European business leaders judges the awards. GlyCart Biotechnology’s successful use of antibodies in cancer therapy is a unique achievement, a factor that helped the Swiss firm capture the top technology innovation prize, as well…

Investigators examine black boxes

This content was published on Nov 28, 2001 The flight data recorder and the voice recorder are being examined in Paris, said the chief inspector of the Swiss Aircraft Accident Investigation Bureau (BFU), Jean Overney. According to Overney, the data has been decoded in Paris and will be analysed in Switzerland. “It is in very good condition,” he said. It is still not…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Sign in and personalize Swissinfo

Archive – Banking & Fintech

More

Recorders reveal Crossair flight’s last moments

More

Economic indicator drops further

More

Drivers blow the whistle on their chairman

More

Credit Suisse and Bank Linth agree to work together

More

Switzerland holds memorial service for Crossair victims

More

Foundation to help Swissair workers

More

No criminal charges for CSFB in IPO inquiry

More

Inflation rate drops again

More

ETH spinoff clinches two WSJ Innovation Awards

More

Investigators examine black boxes

Popular Stories

Most Discussed