Archive – Banking & Fintech

Wolf death sentence fails to calm anger

This content was published on May 8, 2000 Last month, the wolf killed nine sheep in two separate attacks, overstepping the limit set down by the federal authorities. The environment office was left with no choice but to allow the wolf to be killed. The hunt is now on in the Val d’Hérens valley in canton Valais, where the attacks took place. But…

Unemployment hits eight year low

This content was published on May 8, 2000 That’s nearly 6,000 fewer than in March, or a fall of 0.2 per cent. Boris Zürcher, chief economist at the Federal Office for Employment, told swissinfo that the downward trend in jobless figures was expected to last. “Growth is going to continue, the unemployment rate will further decline, so the prospects of the Swiss economy…

ESEC swallowed up by Unaxis

This content was published on May 8, 2000 Unaxis already had about 27 per cent of ESEC shares and is now exercising the option agreed last November to buy the 525,000 registered shares from ESEC’s founder, Karl Nicklaus, for SFr246 million. In a statement, Unaxis said it viewed its engagement in ESEC as a long-term investment. “By taking this step, Unaxis is resolutely…

The business week ahead

This content was published on May 7, 2000 The latest unemployment figures are due to be released today with many analysts predicting another fall in the jobless rate as Switzerland’s economic upswing continues. Unemployment currently stands at 2.4 per cent, and is forecast to fall to two per cent by the end of the year, and to 1.7 per cent during 2001. The…

Zurich bosses take home record pay packets

This content was published on May 7, 2000 Bonuses, share options and fringe benefits pushed the pay packets of Zurich Financial Services’ bosses to new heights last year, according to the report in the SonntagsZeitung. The president, Rolf Hüppi, came away with the largest award of SFr5,2 million, after selling some of his share options. Seven new members of management did very well,…

The business week in Switzerland

This content was published on May 6, 2000 After a quiet day on Monday, due to the May Day public holiday, it turned into a busy week for Swiss business. – Tuesday kicked off with a nurses’ strike in canton Zurich, when 4,000 nursing staff at more than 20 hospitals, clinics and homes took part in a three-day industrial action programme. Staff were…

A cycling paradise

This content was published on May 5, 2000 They are now open for a third season, and the foundation responsible for the trails, Veloland Schweiz, is confident their popularity will only grow. Veloland is making every attempt to improve the routes, which are operated in close cooperation with Switzerland’s 26 cantons, the tourism sector and a multitude of other organisations. For the avid…

Final hurdles may soon be cleared for Holocaust era claimants of bank assets

This content was published on May 5, 2000 Some of the last remaining obstacles in the campaign by Holocaust survivors and their relatives to recover bank assets may soon be overcome. Switzerland’s two biggest banks, UBS and Credit Suisse, say they have held talks with the United States judge responsible for implementing the payments under a settlement reached with the banks in August…

Holocaust asset claimants a step closer to restitution

This content was published on May 5, 2000 Switzerland’s two biggest banks, UBS and Credit Suisse, are hoping to get final approval this month on an apparent compromise deal reached with a United States judge. They are reportedly proposing to provide access to at least two million Nazi-era accounts, half the number requested by an independent commission. Once this issue is resolved, agreement…

Swiss Federal Railways on the right track

This content was published on May 5, 2000 At a news conference in Zurich, the management of the Federal Railways announced on Friday that staff would receive a one-time bonus payment of SFr1,000. “After several years of decline, recovery in passenger and goods traffic, together with lower costs for staff and infrastructure than planned, have led to a result which is clearly better…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Wolf death sentence fails to calm anger

More

Unemployment hits eight year low

More

ESEC swallowed up by Unaxis

More

The business week ahead

More

Zurich bosses take home record pay packets

More

The business week in Switzerland

More

A cycling paradise

More

Final hurdles may soon be cleared for Holocaust era claimants of bank assets

More

Holocaust asset claimants a step closer to restitution

More

Swiss Federal Railways on the right track

Popular Stories

Most Discussed