Archive – Banking & Fintech

Switzerland’s second-largest bank retains cautious outlook

This content was published on Jul 28, 2016 “For us, the second quarter was a quarter of progress,” CEO Tidjane Thiam told journalists in a 45-minute webcast news conference on Thursday. “We see some evidence here that our strategy is gaining traction.” After two profit-losing quarters, the Zurich-based bank’s results for the April-June quarter were helped by a 7% decline in costs from…

Bern study helps explain duds in bee sperm

This content was published on Jul 27, 2016 Insecticide seems to be harming the health of male honey bees and their sperm.

HSBC client data to be handed to US

This content was published on Jul 26, 2016 The Swiss Federal Tax Administration on Tuesday confirmed a report by Reuters that HSBC Switzerland had handed over the files, which could be sent on to the US Internal Revenue Service (IRS). No details were given about the number of clients affected or the amount of assets concerned. “Following an information request in April 2016…

Swiss get ‘largely compliant’ tax status rating

This content was published on Jul 26, 2016 Switzerland is said to be “largely compliant” in an international peer review of how well it shares tax information with other countries, which was released on Tuesday. The Swiss finance ministryExternal link said the ‘positive rating’ reflects progress made during the assessment period from 1 July 2012 to 30 June 2015 with the implementation of…

Trolls increasingly use their real names

This content was published on Jul 26, 2016 Anonymity is generally believed to be a major barrier to identifying and tracking down trolls who post abusive online comments. However, a research project published on Monday by the University of Zurich has shown that trolls are increasingly using their full names online and that individuals posting hate speech were using their full names more…

Geneva opens money laundering probe into ‘Putin’s banker’

This content was published on Jul 25, 2016 Henri Della Casa, a press spokesperson for the Geneva investigators, on Monday confirmed earlier reports of the investigation and the blocked funds in the SonntagsZeitung and Le Matin Dimanche newspapers. However, he did not specify the amount of the blocked funds or which financial institutions are involved. The newspaper reports revealed that Pugachev, a former…

Voluntary disclosures of Swiss accounts double

This content was published on Jul 25, 2016 According to information released in July by the Federal Tax Administration, the number of voluntary disclosures increased from 149,508 in 2014 to 328,860 in 2015. Switzerland’s neighbours Germany, France and Italy were the most cooperative making up the top three. Other significant information sharers were Spain and the UK. At the same time, the amount…

Terrorists, double standards and D-day for Credit Suisse

This content was published on Jul 24, 2016 Here are the stories we’re following the week of July 25.

Swatch boss sees no need for strategy shift

This content was published on Jul 22, 2016 Nick Hayek, CEO of Switzerland’s Swatch Group, denies his company is experiencing a crisis.

Terrorism fears keep Swiss holidaymakers at home

This content was published on Jul 22, 2016 Swiss tourists are currently staying clear of Turkey, Tunisia and Paris and are instead “staycationing” in Switzerland, where they feel safer.

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Switzerland’s second-largest bank retains cautious outlook

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Bern study helps explain duds in bee sperm

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HSBC client data to be handed to US

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Swiss get ‘largely compliant’ tax status rating

More

Trolls increasingly use their real names

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Geneva opens money laundering probe into ‘Putin’s banker’

More

Voluntary disclosures of Swiss accounts double

More

Terrorists, double standards and D-day for Credit Suisse

More

Swatch boss sees no need for strategy shift

More

Terrorism fears keep Swiss holidaymakers at home

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