Archive – Banking & Fintech

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…

The end of a toxic nightmare

This content was published on Oct 5, 2016 For years, tonnes of toxic waste were thrown into the landfill at Bonfol, one of Switzerland’s most contaminated sites.

Minister pushes for ‘green’ trade deal with Canada

This content was published on Oct 4, 2016 “The Canadians have once again become partners which wasn’t the case before,” Leuthard told an audience at the Montreal Council on Foreign Relations on Monday evening. She is currently on an official visit to Canada from October 2-6. Leuthard, who is also in charge of transport, environmental and communication matters, said Switzerland was keen to…

Tax authorities say 450 Swiss linked to Panama Papers

This content was published on Oct 3, 2016 “We have found 450 people – people in the legal and physical sense – who have a link to offshore structures and Switzerland,” spokesman Joel Weibel told Swiss public radio, SRF, on Monday. The use of offshore entities is not in itself illegal. Weibel said the information on the 450 people would now be passed…

Online banking threatens local branches

This content was published on Oct 3, 2016 The reason for the 20% annual drop in branches is that more and more people are using e-banking: paying bills and keeping track of their finances online. Andreas Dietrich, professor for Banking and Finance at Lucerne University of Applied Sciences and Arts, says it goes without saying that banks are reassessing their strategy. They are…

Women underrepresented at top levels of Swiss business

This content was published on Oct 3, 2016 Women are still a relatively rare sight in the upper levels of Swiss companies, according to a report by Credit Suisse.

Swissair grounding: 15 years on

This content was published on Oct 2, 2016 It was a national shock which gave the government and banks pause for thought. “My world collapsed,” recalls one former Swissair flight attendant.

No Swiss ban for weed-killer glyphosate

This content was published on Sep 30, 2016 The House of Representatives has rejected a petition from various organisations such as Greenpeace and the Consumers’ Association for French-speaking Switzerland, which have been calling for a ban on the use of all synthetic chemical pesticides, such as the weed-killer ingredient glyphosate. A majority of parliamentarians said on Friday there was insufficient scientific evidence to…

Behring handed stiff prison sentence

This content was published on Sep 30, 2016 Sixty-one-year-old Behring, from Basel, can still appeal the decision. He was accused of abusing the trust of nearly 2,000 investors between September 1998 and October 2004, having promised them windfall returns if they used his self-developed financial software. The software was designed to analyse stock market activity, but the scheme fell through and Behring…

Policy depends on which way the wind blows

This content was published on Sep 29, 2016 At the beginning of June, one chamber of parliament – the Senate – deleted a passage of Switzerland’s energy strategy, and in so doing, put renewable energy on a par with protected landscapes. Raimund Rodewald, head of the Swiss Foundation for Landscape Conservation, says the amendment has endangered untouched areas of the countryside since it…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Novartis sheds 73 jobs in research centre rejig

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The end of a toxic nightmare

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Minister pushes for ‘green’ trade deal with Canada

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Tax authorities say 450 Swiss linked to Panama Papers

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Online banking threatens local branches

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Women underrepresented at top levels of Swiss business

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Swissair grounding: 15 years on

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No Swiss ban for weed-killer glyphosate

More

Behring handed stiff prison sentence

More

Policy depends on which way the wind blows

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