Archive – Banking & Fintech

With the help of an old blue bus, Roy Probert discovers that Geneva doesn’t have to cost a fortune

This content was published on Jul 29, 2000 It’s a far cry from the eerie magnificence of the Jet d’Eau fountain or the grandeur of the old town. When the station does eventually spit the bedraggled backpacker out into the city, he’s confronted with money – expensive boutiques, signs for private banks and insurance companies. “This is a wealthy city,” they seem to…

Bergier Commission sweeps 100 Swiss firms for Nazi labour past

This content was published on Jul 28, 2000 The head of the Commission, Jean-François Bergier, said the research into archives of the firms would be completed shortly. He added that the firms have been cooperating, but said he has no knowledge of the findings. Bergier’s announcement comes after the World Jewish Congress (WJC) threatened legal action against Swiss companies that used slave labour,…

Bank Sarasin posts healthy figures

This content was published on Jul 28, 2000 The Basel-based bank said solid growth in interest, services and trading income explained the results. Interest income rose 34 per cent to SFr24.7 million, while earnings from commissions and services increased 47 per cent to SFr164 million. Trading income was up 36 per cent to SFr27 million. “Barring any extraordinary events, we expect the second…

Internet points the way to distance learning

This content was published on Jul 28, 2000 Participants studying through the “virtual campus” use the Internet to communicate and receive materials online. It’s seen as particularly useful for people who are unable to attend university. A key motivation behind the project is to address the gap between the Swiss and some of their neighbours. Switzerland lags behind the France and Britain, as…

SAir given go ahead for French merger

This content was published on Jul 28, 2000 Under the deal, the French airline AOM is to buy Participations Aeronautiques, the parent company of Air Liberté. AOM is jointly controlled by SAir, the parent of Swissair, and Marine Wendel, which also owns Participations Aeronautiques. The Commission said the only change caused by the transaction would be that SAir would now assume joint control…

Machinery industry threatened by lack of personnel

This content was published on Jul 28, 2000 Swissmem, the Federation for the Machinery, Electrical Equipment and Metal industries welcomes the fact that plants are working at 88 per cent capacity but warns that the industry may not be able to take full advantage of the long-awaited recovery. Swissmem says that if capacity reaches 90 per cent and beyond, the situation could become…

New threat to Swiss firms which used slave labour in Nazi era

This content was published on Jul 28, 2000 Elan Steinberg, executive director of the World Jewish Congress (WJC), told Swiss radio the companies faced court proceedings if they didn’t agree to cooperate with the $1.25 billion (SFr2 billion) out-of-court settlement within 30 days. Under an agreement finalised by Judge Korman in New York this week, Swiss companies have to register before the 30-day…

Swiss family to become first to live in Internet House

This content was published on Jul 27, 2000 The show-case house – Switzerland’s first – is in the village of Huenenberg, canton Zug, and will open to the public in November, the organisers said on Thursday. It is being developed by a foundation set up by Otto Beisheim, the founder of the German retailer Metro, along with partners such as the United States…

Hotel industry enjoys long-awaited renaissance

This content was published on Jul 27, 2000 The latest figures, from the Federal Office for Statistics, show that overnight stays in the first six months of the year rose by one million (or 6.5 per cent) compared to the same period in 1999. The biggest increase was in June, where overnights were up by 250,000 compared to last year. Jean Pflückiger, a…

Mourners pay tribute to victims

This content was published on Jul 27, 2000 The mourners, mainly relatives and friends of the dead, held the ceremony above the Saxet Gorge on Thursday. The victims died when a flash flood swept through the gorge. The service took place around a memorial stone bearing the names of the dead. Bouquets were laid around the monument with the flags of their native…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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With the help of an old blue bus, Roy Probert discovers that Geneva doesn’t have to cost a fortune

More

Bergier Commission sweeps 100 Swiss firms for Nazi labour past

More

Bank Sarasin posts healthy figures

More

Internet points the way to distance learning

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SAir given go ahead for French merger

More

Machinery industry threatened by lack of personnel

More

New threat to Swiss firms which used slave labour in Nazi era

More

Swiss family to become first to live in Internet House

More

Hotel industry enjoys long-awaited renaissance

More

Mourners pay tribute to victims

Popular Stories

Most Discussed