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Solar Impulse sets off for Cairo

This content was published on Jul 11, 2016 Swiss pilot André Borschberg took off in Solar Impulse 2 at 6.20am (CET) from the southern Spanish city of Seville for Egypt. The flight, Borschberg’s last in the huge aircraft, should take 50 hours and 30 minutes. The 4,000-kilometre journey should take him across the Mediterranean, via the airspaces of Algeria, Tunisia, Malta, Italy, Greece,…

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UBS accuses cabinet over opaque policy

This content was published on Jul 10, 2016 He said the government had failed to win assurances from other countries that Swiss banks are not being taken to court over mistakes of the past. “We need a coherent approach about our past policy,” he told the SonntagsZeitung and Le Matin Dimanche newspapers. He said it was unacceptable that Switzerland hands over bank client…

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Swissness, illegal immigrants and the terminally ill

This content was published on Jul 10, 2016 Here are the stories we’re following the week of July 11.

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Idea floated for alliance of non-EU financial centres

This content was published on Jul 7, 2016 The Swiss Bankers AssociationExternal link has begun floating the idea anew of a plan for Switzerland to form an informal alliance with banking interests in Hong Kong, London and Singapore. The plan, formulated by the association’s outgoing chairman, Patrick Odier, would allow the countries to pool their resources in coming up with ways to keep…

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Damaging blockchain heist fails to deter innovators

This content was published on Jul 7, 2016 The Decentralized Autonomous Organization (DAO) platform was a victim of its own success by raising far greater funds for investing in start-ups than was thought feasible, Fabian Vogelsteller told a Zurich conference on Thursday. It attracted $160 million (CHF156 million) within a few weeks of being launched this year rather than the expected $20 million.…

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World’s second-largest airline caterer to be sold

This content was published on Jul 7, 2016 Chinese conglomerate HNA has extended its CHF 1.4 billion ($1.4 billion) offer for the Zurich-based airline catering company Gategroup.

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SNB swells foreign currency reserves after Brexit

This content was published on Jul 7, 2016 The foreign currency reserves at Switzerland’s central bank swelled to CHF609 billion in June – the month that Britain voted to leave the European Union.

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WTO chief: Doha is blocked but no question of abandoning

This content was published on Jul 6, 2016 The Brazilian diplomatExternal link loves playing football on weekends, but from Monday through Friday he spends most of his time in meeting rooms, avoiding the difficulties that may prevent good trade agreements. swissinfo.ch: What sort of weight does Switzerland carry within the WTO apart from serving as its headquarters? Roberto Azevêdo: Switzerland is a very…

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Why have Credit Suisse shares dropped so low?

This content was published on Jul 5, 2016 IG Bank analyst Laurent Bakhtiari said the share price falling below the psychological barrier was a “shock for all the investors in the market”. “It is hard to believe that it would happen so quickly and so easily,” he said in a note, before raising a more shocking possibility. “After years of poor management, seeing…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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How secure are your emails?

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Solar Impulse sets off for Cairo

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UBS accuses cabinet over opaque policy

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Swissness, illegal immigrants and the terminally ill

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Idea floated for alliance of non-EU financial centres

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Damaging blockchain heist fails to deter innovators

More

World’s second-largest airline caterer to be sold

More

SNB swells foreign currency reserves after Brexit

More

WTO chief: Doha is blocked but no question of abandoning

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Why have Credit Suisse shares dropped so low?

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