Archive – Banking & Fintech

Safety in Swiss tunnels needs urgent attention

This content was published on Nov 16, 2000 The Swiss Institute of Safety and Security said on Thursday the risk of fire in rail and road tunnels was currently underestimated, but that a number of simple measures could greatly improve the situation. It said that, as a country of tunnels, Switzerland should take a leading role in campaigning for greater tunnel security in…

Vögele clothes group expands in The Netherlands

This content was published on Nov 16, 2000 Vögele said the acquisition marked the fulfilment of its intentions, announced last August, to extend its activities in Belgium and The Netherlands. It brings its network of branches in the two countries to nearly 150. Vögele said the type of shop it would take over in The Netherlands fitted its own concept perfectly. It said…

Switzerland extends its horizons in the Gulf

This content was published on Nov 16, 2000 The three-day event, held in the United Arab Emirates’ second largest emirate, Dubai, included an exhibition, a conference highlighting different aspects of Swiss business, and events illustrating Switzerland’s cultural diversity. Reviewing the event, “Swiss Horizons – Swiss Presence in the Gulf”, Bisang told swissinfo: “I must say what has been particularly positive is the fantastic…

Experts call for centralised supervision of financial sector

This content was published on Nov 16, 2000 It said a new central authority was needed to oversee the activities of all providers of financial services, and not only banks. It recommends cutting back the scope for self-regulation and increasing external auditing. The recommendations are likely to meet stiff resistance in the industry, and possibly in the federal administration. In their report published…

Off the shelf art on sale in Solothurn

This content was published on Nov 16, 2000 Except for the fact that it specialises in just one line of product and is also an exhibition centre, the store has all the characteristics of a modern supermarket – including cut-price offers. Artists whose work is on display were invited to submit 40 signed and original examples of their work. “We asked for so…

Geneva cements ties with Dubai

This content was published on Nov 15, 2000 Geneva’s mayor, Pierre Muller, and the director general of the Dubai municipality, Qassim Sultan, signed the pact at a ceremony in Dubai on Wednesday. The deal covers the economy, tourism and culture, and aims to facilitate investment between the two cities. “Geneva is a popular destination for citizens of the UAE,” Muller told swissinfo. “Many…

Ongoing restructuring leads to job losses at SIG

This content was published on Nov 15, 2000 The jobs are to go over the next two years at the company’s factory in Eclubens. The cuts will be partly offset by the creation of around 80 new jobs at other plants. SIG said the changes were needed to eliminate duplication and to give the packaging business a clearer profile. SIG has also decided…

Bankruptcies continue to decline

This content was published on Nov 15, 2000 In the first 10 months of the year, the number of bankruptcies fell by a more modest 2.3 per cent. The number of people filing stands at 6,974. In October, 576 bankruptcies were recorded, according to figures collated by the business research company, Creditreform. These included 258 companies and 318 individuals. Over the year as…

Switzerland moots export ban on meat and bone meal

This content was published on Nov 15, 2000 The Federal Veterinary Office told swissinfo that the issue of an export ban had been raised in the wake of plans to ban such feed in Switzerland. A moratorium on the use of meat and bone meal for cattle feed was imposed in 1990, and a similar ban for pigs and poultry is expected to…

Credit Suisse shows another big rise in net profits

This content was published on Nov 15, 2000 However, the results were lower than in the first and second quarters as the cost of the group’s takeover of US-based broker, Donaldson, Lufkin and Jenrette (DLJ) cut into profits. Credit Suisse Group recently bought DLJ in a share and cash deal valued at SFr21.5 billion ($12.1 billion). It repeated its warning on Wednesday that…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Safety in Swiss tunnels needs urgent attention

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Vögele clothes group expands in The Netherlands

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Switzerland extends its horizons in the Gulf

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Experts call for centralised supervision of financial sector

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Off the shelf art on sale in Solothurn

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Geneva cements ties with Dubai

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Ongoing restructuring leads to job losses at SIG

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Bankruptcies continue to decline

More

Switzerland moots export ban on meat and bone meal

More

Credit Suisse shows another big rise in net profits

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