Archive – Banking & Fintech

Swiss ban Gazprombank Switzerland from accepting new private clients

The entrance to Gazprombank Switzerland s office on Zollikerstrasse in Zurich

This content was published on Feb 1, 2018 The Financial Market Supervisory Authority (FINMA) on Thursday said the Swiss branch of the Russian bank had “failed to carry out “adequate economic background clarifications into business relationships and transactions with increased money laundering risks”. An investigation launched in 2016 into 30 Swiss banks based on information from the Panama Papers leaks found the Swiss…

Commuters arrive at Cornavin train station in Geneva, Switzerland

Swiss face longer commutes

This content was published on Feb 1, 2018 The average commute time to work in Switzerland increased to 30 minutes in 2016, or 14.8 kilometres.

Tensions remain as Tezos Foundation replaces director

This content was published on Jan 31, 2018 Foundation president Johann Gevers has been locked in a bitter feud with the inventors of the Tezos technology, Arthur and Kathleen Breitman since last autumn. The dispute has stalled the project at least by two months and created a fracture between the foundation and its core developers. The Swiss Foundation Supervisory Authority had given the…

US investor bails out bankruptcy-threatened Monetas

This content was published on Jan 31, 2018 Artillery One founder, Daniel P Cannon, will take over as Monetas CEO and chairman of the blockchain payments start-up. Monetas founder Johann Gevers will continue to “play an important role” on the board of directors. Cannon is also a managing director at Oberon Securities, but the US investment banking boutique is not involved in the…

Motorway stickers set to bring in CHF350 million

This content was published on Jan 31, 2018 The Federal Customs Administration said on Wednesday it expected to sell around 9.6 million vignettes, resulting in a net income of some CHF347 million. The authorities estimated a third of the vignettes would be bought by foreign drivers. They added that from past experience around 5% of cars on Swiss motorways don’t have a sticker.…

A branch of Credit Suisse in Rapperswil, Switzerland

Switzerland ranked ‘global capital of bank secrecy’

This content was published on Jan 30, 2018 Switzerland is the most secretive financial centre in the world, followed by the United States, according to the Tax Justice Network.

A close-up of a man wearing a Swiss watch

Swiss watch industry posts growth

This content was published on Jan 30, 2018 After years of decline, the Swiss watch industry reports growth again in 2017.

EU nations support Swiss in stock market row

This content was published on Jan 30, 2018 Eleven European Union countries have signed a letter to support an “equivalence” condition for the Swiss stock market for an unlimited period of time.

Disabled groups challenge accessibility of new Swiss trains

This content was published on Jan 29, 2018 A legal challenge by groups representing Swiss wheelchair users is likely to put a spanner in the rollout of new double-decker trains by Swiss railways.

rental sign in front of apartment building

Swiss continue to rent rather than buy houses

This content was published on Jan 29, 2018 Some 59% of Swiss households were rentals in 2015, according to the most recent figures. The average monthly rent came in at just over CHF1,300.

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss ban Gazprombank Switzerland from accepting new private clients

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Swiss face longer commutes

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Tensions remain as Tezos Foundation replaces director

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US investor bails out bankruptcy-threatened Monetas

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Motorway stickers set to bring in CHF350 million

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Switzerland ranked ‘global capital of bank secrecy’

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Swiss watch industry posts growth

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EU nations support Swiss in stock market row

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Disabled groups challenge accessibility of new Swiss trains

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Swiss continue to rent rather than buy houses

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