Archive – Banking & Fintech

Big pharma’s business model under the microscope

This content was published on Feb 2, 2016 In recent days, Johnson & Johnson has been urged to review its sprawling portfolio that ranges from baby oil to cancer drugs, and there were questions for Novartis over the future of its struggling eyecare business. This week, Pfizer will update shareholders on plans for a potential break-up, while GlaxoSmithKline is likely to be pressed…

UBS posts net profit of CHF6.2 billion

This content was published on Feb 2, 2016 Swiss bank UBS has experienced a 79% surge in its profit. In its fourth-quarter report, released on Tuesday, the bank announced a net profit of CHF6.2 billion ($5.5 billion) in 2015 over the previous year.

2,000 Swiss Volkswagen owners opt for legal action

This content was published on Feb 1, 2016 The Attorney General’s Office is coordinating the multiple complaints related to the emissions rigging scandal. The dossier comprising all the complaints will be forwarded to the German Braunschweig public prosecutor that is investigating the scandal. “Our German colleagues have already opened a similar procedure,” André Marty, spokesperson for the Attorney General’s Office, told Swiss public…

Public shows huge interest in riding the first trains

This content was published on Feb 1, 2016 The drawing, which began in December 2015, had already received 140,000 entries within two weeks of kickoff. The first 10 winners were announced during the Swiss Awards, broadcast on Swiss public television SRF, on January 9. Each of the 500 winning members of the public will receive two tickets for either the train running from…

Credit Suisse hit with $84 million dark pool fine

This content was published on Feb 1, 2016 Credit Suisse and Barclays have been fined by US regulators for dark pool violations.

The future is now for Swiss-led drone project in Rwanda

This content was published on Jan 31, 2016 One man is turning a futuristic dream for Rwanda’s future into reality – from a university campus in Switzerland.

The heart of the Swiss railways

This content was published on Jan 30, 2016 Zurich is one of the busiest train stations in the world. It rarely comes to a standstill.

Swiss say $4bn misappropriated from Malaysian state firms

This content was published on Jan 30, 2016 The office of Swiss Attorney-General Michael Lauber said it had formally asked Malaysia to help with its probes into possible violations of Swiss laws related to bribery of foreign officials, misconduct in public office, money laundering and criminal mismanagement at the fund. It said it had identified four cases of alleged criminal conduct. 1MDB, whose…

Survey reveals abuse of special origin food labels

This content was published on Jan 29, 2016 Of the close to 1,500 Swiss and European products checked by the authorities, slightly more than 300 turned out to be fakes. In addition, almost 40% of the 1,000 establishments inspected – such as restaurants, bakeries, butchers and cheese shops – were found to contain the fake produce. Over a third of Swiss products advertised…

How airlines cater for their rich customers

This content was published on Jan 29, 2016 Today flying is cheap. Airlines are undercutting one another and many are even doing away with luxury classes. But now there are signs of a counter-trend. Airlines from Asia and the Gulf States are investing huge amounts in first class – and Swiss International Air Lines is following suit. (SRF/swissinfo.ch)

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Big pharma’s business model under the microscope

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UBS posts net profit of CHF6.2 billion

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2,000 Swiss Volkswagen owners opt for legal action

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Public shows huge interest in riding the first trains

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Credit Suisse hit with $84 million dark pool fine

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The future is now for Swiss-led drone project in Rwanda

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The heart of the Swiss railways

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Swiss say $4bn misappropriated from Malaysian state firms

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Survey reveals abuse of special origin food labels

More

How airlines cater for their rich customers

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