Archive – Banking & Fintech

Luxury watches for cheap: a booming business

This content was published on Mar 16, 2016 Destocking new watches and selling them through alternative channels is a taboo subject in the Swiss watchmaking industry.

Declining income hits gambling venues

This content was published on Mar 15, 2016 Casino proceeds continued to dwindle in 2015, down by 4% to CHF681 million ($689 million), it said on Tuesday. Along with the declining income, the government and cantons receive a smaller slice of the pie: CHF320 million to the public sector, or a third less than nearly a decade ago. The industry group says a…

Gloomy Swiss investors ready to emigrate

This content was published on Mar 15, 2016 Investors in other European countries believe their capital requirements when it comes to retirement to be considerably lower: the European average is around CHF300,000. US investment management firm Legg Mason carried out a survey, published on Tuesday, spanning 5,370 major investors in 19 countries, asking them their views about the financial markets. “Unsurprisingly, cash and…

Power sector meltdown a hot topic in the media

This content was published on Mar 13, 2016 The economic problems related to Switzerland’s hydro- and nuclear power plants are the source of energetic debates in the media.

Swiss end subsidies of farm exports to poorest nations

This content was published on Mar 11, 2016 The cabinet ends subsidies for farm exports to least developed countries in keeping with a World Trade Organization agreement last year.

Dormant asset files transferred to Swiss archives

This content was published on Mar 11, 2016 The Federal Archives said a section of the files used to examine the claims under a global settlement in 1998 were transferred to its premises to be catalogued by the end of this year. “This is significant as it concerns an important chapter of recent Swiss history,” says Simon Meyer of the Federal Archives. …

Philanthropic investors kick-start start-ups

This content was published on Mar 10, 2016 Wealthy industrialists are turning business philanthropists for the next generation of Swiss start-ups.

Geneva and Zurich rise up rankings of most expensive cities

This content was published on Mar 10, 2016 Zurich came in second, after Singapore, while Geneva placed fourth, after Hong Kong. The survey examines the prices of key items and necessities such as bread, wine, petrol, rents, transport, private schools and domestic help. It does, however, not take into account purchasing power in those places. Both Swiss cities have risen in the rankings…

Credit Suisse probed in Italy in tax evasion case

This content was published on Mar 9, 2016 Credit Suisse offices in Milan were searched by Italian police in December 2014 as part of an investigation by Milan prosecutors. The enquiry regards an alleged fraudulent system used to transfer up to €14 billion (CHF15.4 billion) to offshore accounts mainly through the use of insurance policies, the judicial sources said. Credit Suisse said in…

French football offices searched in Blatter case

This content was published on Mar 9, 2016 The Swiss justice authorities say the French Financial Prosecution Office carried out the search in line with the request, and seized documents in connection with a suspected payment of CHF2 million ($2 million) that has been the subject of allegations against Blatter. The Swiss attorney general was present during the search. The French prosecutor’s office…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Luxury watches for cheap: a booming business

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Declining income hits gambling venues

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Gloomy Swiss investors ready to emigrate

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Power sector meltdown a hot topic in the media

More

Swiss end subsidies of farm exports to poorest nations

More

Dormant asset files transferred to Swiss archives

More

Philanthropic investors kick-start start-ups

More

Geneva and Zurich rise up rankings of most expensive cities

More

Credit Suisse probed in Italy in tax evasion case

More

French football offices searched in Blatter case

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Most Discussed