Archive – Banking & Fintech

Swiss Life to launch Internet bank

This content was published on Nov 7, 2000 Under the name redsafe.com, the first exclusive online bank will provide a comprehensive range of online financial services. In a statement on Tuesday, Swiss Life said its Redsafe Bank would have its head office in Zurich and employ about 40 people. Apart from banking products and securities trading on various stock exchanges, redsafe.com will also…

Swiss show strong interest in US election

This content was published on Nov 7, 2000 Swiss companies are firmly behind the Republican presidential challenger, George W Bush. Financial analysts say a Bush victory would strengthen the dollar, making Swiss exports more competitive. For its part, the Swiss government is hoping that the new administration will continue to maintain its involvement in peacekeeping operations abroad, especially in the Balkans. Neither Bush…

Switzerland signs free trade agreement with Mexico

This content was published on Nov 6, 2000 The four EFTA states (Liechtenstein, Norway, Iceland and Switzerland will now be able to tap into the Mexican market which has so far been the preserve of the United States and the European Union. “The accord covers all the issues related to commercial relations between the EFTA states and Mexico, including services and investments, rules…

Swiss markets await US election result

This content was published on Nov 6, 2000 The election result may still be in doubt, but there is no question where the markets’ loyalties lie. Analysts say business leaders in Switzerland are or should be firmly behind Bush, who has emerged as a champion of free trade. Gore, by contrast, is been seen as the “interventionist” candidate – a terminal affliction in…

EFTA strikes trade deal with Mexico

This content was published on Nov 6, 2000 EFTA, made up of Switzerland, Norway, Iceland and Liechtenstein, concluded the negotiations with Mexico in just three months. The agreement abolishes import duties for Swiss goods until the year 2007. Services provided by banks and insurance companies will also be free of tariffs. The agreement includes a provision to regulate the protection and development of…

UBS wraps up PaineWebber takeover

This content was published on Nov 6, 2000 The agreement went through on schedule last Friday. “I am pleased with the speedy and successful completion of the merger,” said President and Chief Executive Officer, Marcel Ospel. “The smoothness with which it has been accomplished means we can now concentrate on rapid value creation for our employees, clients and shareholders.” PaineWebber brings UBS an…

Manoeuvring continues ahead of UMTS auction

This content was published on Nov 6, 2000 Swisscom is refusing to comment on reports that Britain’s Vodafone group is to buy a 25 per cent stake in the company’s mobile telecommunications division. Vodafone is not among the nine bidders for four UMTS licences in Switzerland and a deal with Swisscom would link it with the current market leader. The Swiss government remains…

Phonak leaps into second place market position

This content was published on Nov 6, 2000 If the SFr162 million ($92 million) deal is completed it will mean Phonak will be second only to Siemens in the hearing instruments sector. It currently ranks fifth. Two thirds of the price is to be paid in cash and the remainder in shares. The acquisition, expected to go through on 1st January, is the…

Swiss business rooting for Bush

This content was published on Nov 6, 2000 The election result may still be in doubt, but there is no question where the markets’ loyalties lie. Analysts say business leaders in Switzerland are or should be firmly behind Bush, who has emerged as a champion of free trade. The vice-president, Al Gore, by contrast, is been seen as the “interventionist” candidate – a…

Speculation rife on Vodafone deal with Swisscom

This content was published on Nov 6, 2000 One week before Switzerland’s auction of third generation mobile phone licenses, speculation is increasing as to which corporate link-ups will secure the four licences which are up for sale. The SonntagsZeitung said on Sunday the government would give the deal the green light on Wednesday. Another newspaper reported that the government had already given the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss Life to launch Internet bank

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Swiss show strong interest in US election

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Switzerland signs free trade agreement with Mexico

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Swiss markets await US election result

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EFTA strikes trade deal with Mexico

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UBS wraps up PaineWebber takeover

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Manoeuvring continues ahead of UMTS auction

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Phonak leaps into second place market position

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Swiss business rooting for Bush

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Speculation rife on Vodafone deal with Swisscom

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