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Who is speculating in Swiss central bank shares?

This content was published on Oct 7, 2016 A mystery buyer is stockpiling large amounts of stock in the Swiss National Bank, driving up the price of a single share to nearly twice its value.

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Malkovich wins libel suit against French newspaper

This content was published on Oct 7, 2016 The newspaper and two of its reporters were ordered by a French court to pay thousands of Euros in damages to Malkovich, according to Reuters and AFP. The newspaper article in question, which ran in February 2015 as part of the so-called “SwissLeaks” global journalism investigation, claimed that Malkovich and a list of other celebrities…

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Sion Airport gets a makeover

This content was published on Oct 7, 2016 In total, CHF13million ($13.2 million) will be invested until 2019 to adapt the runway and other facilities at the airport External linkin the heart of canton Valais, close to resorts such as Crans Montana, Verbier and Zermatt. A new 16,000 square metre (172,000 square foot) tarmac runway will be laid and the control tower will…

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Madrid requests Spanish citizens’ UBS data from Switzerland

This content was published on Oct 7, 2016 “Spanish tax authorities have filed a request for international administrative assistance in tax matters with the Swiss Federal Tax Administration,” UBS said in a short statementExternal link on its website for the bank’s Spanish business. Switzerland’s largest bank has set up a helpline number for affected clients. The Spanish request to Switzerland’s tax agency follows…

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Swiss businesses foresee abundant exports

This content was published on Oct 6, 2016 Swiss small and medium-sized enterprises (SMEs) say they are confident and optimistic about their export prospects through the year’s end.

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Credit Suisse to pay $90m over asset disclosures

This content was published on Oct 6, 2016 From the fourth quarter of 2011 to 2012, decisions to label some client funds as assets under management were influenced by efforts to meet business targets, the regulator said on Wednesday. The moves contradicted the Zurich-based bank’s disclosures that it followed “established rules and policies” in determining how it labelled assets, the SEC said. Former…

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Stadler lands record British train order

This content was published on Oct 5, 2016 The order was placed by Abellio East Anglia who have been chosen to run the East Anglia rail network from October 17. The operator has ambitious plans to increase the number of seats from destinations such as Norwich, Cambridge and Stanstead Airport to London by 55% during peak hours. Until now, Stadler has supplied stock…

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How a Swiss hotel pool made a global splash

This content was published on Oct 5, 2016 A short Instagram clip by a Brazilian travel blogger that paints Switzerland’s mountains in a dramatic light has gone viral.

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Novartis sheds 73 jobs in research centre rejig

This content was published on Oct 5, 2016 The ESBATech facility in Schlieren will close its doors as Novartis consolidates its research into new drugs at its Basel headquarters and in Cambridge, Massachusetts in the US, “where there is already critical mass of biologics expertise”, the company said in a statement. The former spin-off company from Zurich’s Federal Institute of Technology, ESBATech, was…

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Archive – Banking & Fintech

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Boring, crooked bankers? 10 Swiss myths, uncovered

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Who is speculating in Swiss central bank shares?

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Malkovich wins libel suit against French newspaper

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Sion Airport gets a makeover

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Madrid requests Spanish citizens’ UBS data from Switzerland

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Swiss businesses foresee abundant exports

More

Credit Suisse to pay $90m over asset disclosures

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Stadler lands record British train order

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How a Swiss hotel pool made a global splash

More

Novartis sheds 73 jobs in research centre rejig

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