Archive – Banking & Fintech

Game gives web users chance to play central bankers

This content was published on May 4, 2001 Mopos is a game in which users can assume the role of a central bank and simulate monetary policy in a simple virtual economy. The programme is the brainchild of National Bank economic adviser, Yvan Lengwiler, who spent the best part of a year developing it. His idea was to create a tool to explain…

Swiss join efforts to wean world off tobacco

This content was published on May 4, 2001 After five days of negotiations at the World Health Organisation (WHO) headquarters in Geneva, delegates of the 190 member states headed home with the framework text of the agreement to present to their respective governments. The draft accord puts severe restrictions on tobacco advertising and calls for the gradual elimination of sponsorship of sporting events…

CSFB to axe 200 jobs in US

This content was published on May 4, 2001 The report said that the cuts were expected to affect bankers across the US, including some working for Frank Quattrone, head of CSFB’s technology group in northern California. They would mark the third round of job losses at CSFB in less than a year. The bank has declined to comment. CSFB has some 28,000 employees,…

Swiss want “Yeti” to take wing again

This content was published on May 4, 2001 The importance of the recovery expedition is being presented to the public for the first time at the Swiss Transport Museum in Lucerne. Twisted pieces of metal from Yeti’s body and recovered bits of its engine are on display beside a small Swiss flag tied to a mountaineer’s ice pick. They are pieces to the…

Kuoni faces boardroom battle

This content was published on May 3, 2001 They also demanded that the president of the Kuoni and Hugentobler foundation step down along with the foundation’s committee, which controls just over six per cent of the company’s capital and has a quarter of all voting power. The demand is reportedly a reaction to the payment of millions of francs to each foundation committee…

Swissair Group pledges to avoid job cuts

This content was published on May 3, 2001 Corti pointed out in the article that the company, which suffered a near SFr2.9 billion ($1.7 billion) loss in 2000, must quickly return to being economically viable in order to clear the group’s debts. After having sold off its Swissôtel business, Swissair is now looking for a buyer for its information technology subsidiary, Atraxis. Corti…

Moody’s reaffirms top credit rating for Nestlé

This content was published on May 3, 2001 Moody’s confirmed the “Aaa” senior long-term debt ratings of Nestle. It added that, once the Ralston Purina takeover is complete, it will raise that company’s senior long-term debt rating to Aaa from A3 and its short term rating for commercial paper to Prime-1 from Prime-2. Moody’s Investors Service is a leading global credit rating, research…

Cabinet gives green light to army reform

This content was published on May 3, 2001 The cabinet is standing firm on an annual budget of SFr4.3 billion a year from 2003 and has already rejected a less expensive option. The annual budget marks the government’s commitment to the overhaul of Switzerland’s militia-based army, with a total investment of SFr29 billion over the next 15 years. Urban Siegenthaler from the Defence…

Walking Switzerland in a day

This content was published on May 3, 2001 The path was created in 1991 as part of Switzerland’s celebrations to mark the 700th anniversary of the pact that gave birth to the Swiss Confederation. The events on May 5 begin at the boat landing in Flüelen on the southern arm of Lake Lucerne. There will be competitions, clowns and alphorn players and special…

Employers’ organisation urges cut in corporate taxes

This content was published on May 2, 2001 At its annual press conference in Bern, economiesuisse – formerly known as “Vorort” – called for a one per cent reduction in taxes on corporate profits, which would save the business community around SFr600 to SFr700 million ($347 to $405 million) per year. It also urged the government to sell its remaining majority stake in…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Game gives web users chance to play central bankers

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Swiss join efforts to wean world off tobacco

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CSFB to axe 200 jobs in US

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Swiss want “Yeti” to take wing again

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Kuoni faces boardroom battle

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Swissair Group pledges to avoid job cuts

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Moody’s reaffirms top credit rating for Nestlé

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Cabinet gives green light to army reform

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Walking Switzerland in a day

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Employers’ organisation urges cut in corporate taxes

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