Archive – Banking & Fintech

Pictet private bank seeks to retain the family touch

This content was published on Jun 29, 2016 When pitching for wealthy Asian entrepreneurs as clients, it helps if your bank has your family name on its front door.

Regulatory handcuffs will ‘kill 30% of Swiss banks’

This content was published on Jun 28, 2016 Every year, regulations drain the Swiss economy of 10% of its gross domestic product (GDP) – or CHF60 billion ($61.5 billion) – Ermotti said. Since the 2008 financial crisis, the financial industry has borne the brunt of new regulations, both in Switzerland and in other countries. “Switzerland can no longer afford this if it wants…

Brexit pushes Swiss mortgage rates to new lows

This content was published on Jun 28, 2016 Swiss home owners or future buyers have received some good post-Brexit news. Following Britain’s referendum on Friday in favour of exiting the EU, average mortgage rates have fallen to their lowest levels ever, the financial advisory platform Moneypark said in an online statement on Tuesday. The ten-year fixed mortgage rate of 1.53% in mid-June now…

Swiss sign free-trade treaty with Georgia

This content was published on Jun 27, 2016 Swiss Economics Minister Johann Schneider-Ammann, who holds the rotating Swiss presidency this year, received Kvirikashvili for an official working visit on Monday. Bilateral talks focused on efforts to promote peace in the Caucasus and Switzerland’s cooperation strategy for the South Caucasus region, a longstanding priority in its development cooperation programme. The particular focus was on…

Struggling campsites invest to attract hipsters

This content was published on Jun 27, 2016 Between 2009 and 2015, the number of nights spent in tents in Switzerland dropped by 30%, according to figures released on Monday by the Federal Statistical Office. Last year some 2.7 million overnights were recorded, two-thirds booked by Swiss campers. The number of Swiss pitching tents actually rose by 10% on the previous year, but…

Switzerland could gain from Britain’s EU negotiations

This content was published on Jun 27, 2016 Carl Baudenbacher told the Neue Zürcher Zeitung newspaper on Monday that remaining in the European Economic Area would allow Britain access to the European Union’s market even though its people on Thursday voted to leave the bloc. The EEA – of which non-EU Switzerland is not a member – allows for the free movement of people,…

Swiss central bank accelerates intervention

This content was published on Jun 27, 2016 Foreign exchange markets opened amidst great volatility on Friday as it emerged that Britain had voted to leave the European Union. The franc, which had been trading in a band of CHF1.08 to CHF1.11, plunged to CHF1.06 before stabilising. The British pound fell from around CHF1.40 to under CHF1.30. The SNB, which had teams in…

Brexit prompts critical reactions in Swiss media

This content was published on Jun 25, 2016 Britain’s decision to leave the European Union is a topic of keen interest to the Swiss, who are not members of the 28-country bloc – despite being surrounded by Europe. Here’s a round-up of newspaper commentary on Brexit from around the country. Tages-Anzeiger “The unpleasant truth is that nobody can really say how things will…

Geneva will be ‘the most-affected’ Swiss canton by Brexit

This content was published on Jun 24, 2016 “The canton of Geneva will be the Swiss canton most affected by the Brexit,” Cenni Najy, a researcher from the Swiss Forum on Foreign Policy (Foraus) think tank told reporters on Thursday. “Geneva is in a position of interdependency with the United Kingdom.” Switzerland and Britain maintain a close trading relationship. Britain is the fifth…

Swiss markets tumble on Brexit news

This content was published on Jun 24, 2016 Swiss banks were particularly badly hit, with Credit Suisse seeing 14% wiped off its value, while UBS and Julius Bär suffered share price falls of 11% and 8.9%, respectively. The euro fell to just above CHF1.06 against the franc but recovered to around CHF1.076. The British pound also lost ground against the safe haven franc…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Pictet private bank seeks to retain the family touch

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Regulatory handcuffs will ‘kill 30% of Swiss banks’

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Brexit pushes Swiss mortgage rates to new lows

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Swiss sign free-trade treaty with Georgia

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Struggling campsites invest to attract hipsters

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Switzerland could gain from Britain’s EU negotiations

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Swiss central bank accelerates intervention

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Brexit prompts critical reactions in Swiss media

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Geneva will be ‘the most-affected’ Swiss canton by Brexit

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Swiss markets tumble on Brexit news

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