Archive – Banking & Fintech

Federal railways removes ad with swastika symbol

This content was published on Feb 24, 2016 “The poster with the swastika on a red background deeply hurt our customers’ feelings,” the railways said in a statement. The advertisement was made by a group against an initiative to expel foreigners who have committed crimes in Switzerland, up for a nationwide vote next Sunday. It shows the Swiss cross converted into a swastika…

Construction boss takes massive bonus haircut

This content was published on Feb 24, 2016 Construction boss gives up nearly CHF1 million in compensation as his bonus awarded shares inflate in value.

Novartis suspected of corruption

This content was published on Feb 23, 2016 “We can confirm that the headquarters of Novartis Korea in Seoul were visited by local authorities in relation to an investigation on Feb 22, 2016,” she wrote. According to media reports, Novartis is suspected of offering bribes to local doctors in the form of rebates for products. The spokeswoman from the Novartis Media Relations department…

Billionaire’s complaint raises liability issue

This content was published on Feb 23, 2016 Credit Suisse, a rogue employee and a Georgian billionaire will thrash out exactly who is responsible for losses mounting to hundreds of millions of dollars.

European guests stay away from Swiss hotels

This content was published on Feb 23, 2016 The latest figures from the Federal Statistical Office were released at Switzerland Tourism’s annual press conference in Zurich on Tuesday. The strength of the Swiss currency was highlighted as the familiar reason for ongoing problems seen in the sector. Overnight stays in Swiss hotels totalled 35.6 million in 2015, a drop of 0.8% over the…

CHF1,000 bank note shows Swiss cash is king

This content was published on Feb 23, 2016 Unlike other countries in Europe, Switzerland has no qualms that CHF1,000 banknotes will be used for money laundering purposes.

Swiss-Iranian pipeline deal buried

This content was published on Feb 22, 2016 Swiss energy concern Axpo’s much-publicised Iranian gas deal never came to fruition, as Axpo told the Swiss News Agency on Monday.

BSI private bank changes hands again

This content was published on Feb 22, 2016 BSI private bank has changed hands twice in a short space of time with the agreed CHF1.33 billion sale from BTG Pactual to EFG Bank.

Watch industry issues take shape in Richemont job cuts

This content was published on Feb 22, 2016 Richemont is the first large Swiss watchmaker to react to problems in the industry by cutting jobs. So far, it is only suppliers to the industry that have announced job cuts. The firm employs 30,000 people around the world, 9,000 in Switzerland. The company, which is based in Geneva, owns numerous luxury brands such as…

Mountain lodging goes the extra mile

This content was published on Feb 21, 2016

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Federal railways removes ad with swastika symbol

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Construction boss takes massive bonus haircut

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Novartis suspected of corruption

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Billionaire’s complaint raises liability issue

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European guests stay away from Swiss hotels

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CHF1,000 bank note shows Swiss cash is king

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Swiss-Iranian pipeline deal buried

More

BSI private bank changes hands again

More

Watch industry issues take shape in Richemont job cuts

More

Mountain lodging goes the extra mile

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