Archive – Banking & Fintech

Stories making the Swiss Sunday papers

Nick Hayek at the opening of a new Omega factory building in Biel-Bienne

This content was published on Nov 19, 2017 Good news from the Swiss watchmaking industry made headlines on Sunday, as did plans to ban under-18s from solariums because of health risks.

Rival countries to test Swiss ICO dominance?

This content was published on Nov 17, 2017 “It may seem counter-intuitive to go through the painful process of becoming a regulated non-profit entity in Germany, especially when considering ‘easier’ alternative options in other jurisdictions,” IOTA stated. “But subjecting ourselves to the onerous oversight of one of the world’s most respected governments, within the heart of the EU, will give IOTA an unparalleled…

Oil trader slams “defamatory” NGO report

This content was published on Nov 17, 2017 Public Eye issued a press release and report on November 10 accusing four Swiss-based commodities traders, including Vitol, of doing business “with dodgy individuals or politically exposed partners” and colluding with the Appleby law firm to conceal “business relationships associated with serious risks of corruption or conflicts of interest”. Vitol also takes issue with the…

One in five Swiss residents can’t pay an unexpected bill

This content was published on Nov 16, 2017 Last year, 21.5% of Swiss residents lived in a household that would have been unable to pay a bill for CHF2,500 ($2,518) within a month, reports the Swiss Federal Statistical OfficeExternal link in its Survey on Income and Living ConditionsExternal link. This was especially true for single parents, unemployed people and foreigners from outside Europe. Such…

Swiss government stays mum on EU negotiations strategy

This content was published on Nov 15, 2017 On Wednesday, the government discussed its European Union policy ahead of a visit by European Commission President Jean-Claude Juncker on November 23. Despite questions from the press, no information on “cohesion” payments was revealed. “If we want to get results in a discussion, we cannot do it in public,” said the Federal Council spokesperson André…

‘Your money is safe,’ Tezos broker tells investors

This content was published on Nov 14, 2017 At the same time, investors cannot expect to receive any refunds, Bitcoin SuisseExternal link CEO Niklas Nikolajsen wrote in a statementExternal link on Tuesday. The Zug-based Tezos FoundationExternal link sits on top of a stockpile of cryptocurrencies now worth some $500 million (CHF496 million). It is supposed to spend this hoard developing the blockchain-based smart…

Swiss HSBC settles French tax fraud dispute

This content was published on Nov 14, 2017 With a payment of €300 million, the Swiss subsidiary of British bank HSBC has settled its tax fraud dispute with the French authorities.

Männer und eine Frau mit Helm posieren vor einem Zug

Stadler Rail makes US inroads

This content was published on Nov 14, 2017 Swiss railway vehicle manufacturer Stadler Rail is building a factory in Utah, with the goal of taking the company’s US operations to the next level.

Swiss top global wealth ranking

This content was published on Nov 14, 2017 The average fortune of a Swiss adult is $537,600 (CHF528,000), according to the 2017 Credit Suisse Global Wealth Report.

Credit Suisse fined $135 million for malpractices

This content was published on Nov 13, 2017 Credit Suisse has been ordered to pay a fine of $135 million to US authorities after an enquiry into the Swiss bank’s practices in the currency market.

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Stories making the Swiss Sunday papers

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Rival countries to test Swiss ICO dominance?

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Oil trader slams “defamatory” NGO report

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One in five Swiss residents can’t pay an unexpected bill

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Swiss government stays mum on EU negotiations strategy

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‘Your money is safe,’ Tezos broker tells investors

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Swiss HSBC settles French tax fraud dispute

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Stadler Rail makes US inroads

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Swiss top global wealth ranking

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Credit Suisse fined $135 million for malpractices

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