Archive – Banking & Fintech

Geneva attracts French investor

This content was published on Jul 13, 2000 FNAC will open the store in the centre of Geneva in October or November, with a second store opening just outside the city in the Balexert shopping centre in the spring of 2001. The managing director of FNAC Switzerland, Philip Gelay, said the move to Geneva was the opening of a bridgehead into the Swiss…

Crossair plane skids off runway at Zurich airport

This content was published on Jul 13, 2000 All 32 passengers and seven crew members were unharmed. However, they were told to leave the plane immediately, once it had come to a standstill on a grassy area, next to the runway. The Jumbolino plane veered to the right off the runway while travelling at a speed of around 70 kilometres an hour. The…

UBS takeover of PaineWebber – a match made in heaven

This content was published on Jul 12, 2000 The takeover is a bid by Switzerland’s largest bank to cement its position in the lucrative American market. James Mitchell of the New York investment firm Putnam Lovell Securities said if UBS wants to be a global player it has to have a sizeable presence in the United States. “The trend in financial services has…

Government rejects calls to import computer specialists

This content was published on Jul 12, 2000 The government’s statement is in response to calls by the industry to further open up the labour market. It acknowledged there is a high demand for information technology (IT) and e-commerce specialists but said the size of the labour shortage – 25,000 people – had been exaggerated. It added that only about half the quota…

Solar energy to power next generation of lake vessels

This content was published on Jul 12, 2000 The 33-metre vessel is designed to take advantage of the latest development in solar power technology. It will be developed at a cost of SFr2 million in the Bernese Jura region, which is the home of Switzerland’s major solar research and development centre. Martin Pfister, president of the company at the at the centre of…

Leica Geosystems launches on Swiss bourse

This content was published on Jul 12, 2000 The group specialises in the development, production and distribution of systems for the capture and processing of spatial data for surveying, mapping and positioning. The placement of 1.54 million shares, with a nominal value of SFr50 per share, was carried out by Credit Suisse First Boston. The company, which has its headquarters in Heerbrugg, will…

Vorort changes to face the future

This content was published on Jul 12, 2000 At 130 years old, Vorort is older than any of Switzerland’s current political parties and not much younger than the Confederation itself. It was founded in 1870 to represent commercial and industrial interests to the federal government. However, times have changed and Vorort and the Society for the Development of the Swiss Economy are joining…

Increased working load for banking ombudsman

This content was published on Jul 11, 2000 At a news conference in Zurich, the ombudsman, Hanspeter Häni, gave details of his activities last year, saying 600 requests were made in connection with dormant accounts. Häni interpreted the rise in his caseload as proof that both banks and bank clients were showing increasing confidence in the banking ombudsman. “People are getting to know…

Swiss Exchange adds new companies to its leading index

This content was published on Jul 11, 2000 In a statement, the Exchange said that its index commission had decided to raise the maximum number of stocks in the SMI from 25 to 30. Among the newcomers in the index are high tech group Kudelski and biotechnology firm Serono, both based in the French-speaking part of Switzerland. Contrary to expectations, Ems Chemie, run…

Bulging pockets send food sales soaring

This content was published on Jul 11, 2000 The Federation of Swiss Food Industries said that consumption rose by 9.9 per cent, while exports increased by more than 17 per cent. It said that thanks to the improved Swiss economy and better performing export markets, most branches of the food industry were able to increase their turnover. Of total sales, 84 per cent…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Geneva attracts French investor

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Crossair plane skids off runway at Zurich airport

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UBS takeover of PaineWebber – a match made in heaven

More

Government rejects calls to import computer specialists

More

Solar energy to power next generation of lake vessels

More

Leica Geosystems launches on Swiss bourse

More

Vorort changes to face the future

More

Increased working load for banking ombudsman

More

Swiss Exchange adds new companies to its leading index

More

Bulging pockets send food sales soaring

Popular Stories

Most Discussed