Archive – Banking & Fintech

Iran open for business

This content was published on Jan 20, 2016 The United States, European Union and United Nations lifted sanctions last weekend following an agreement over Iran’s nuclear programme. Switzerland already lifted its sanctions in August of last year. The new business climate could see a stampede of corporations towards Iran looking to seal lucrative deals in the oil and gas rich country. The Swiss government…

Big banks test blockchain-based trading system

This content was published on Jan 20, 2016 The banks are part of a consortium of 42 major lenders, brought together last year by New York-based software company R3 to work on ways blockchain technology could be used in financial markets – the first time so many have collaborated on using such systems. A blockchain is a huge, decentralised ledger of every bitcoin…

Davos for rent

This content was published on Jan 20, 2016 He says Davos locals will have to do without some of their favourite bookstores and cafes, as they’ve been rented (presumably at a hefty cost) to businesses like marketing giant Sales Force and even the entire country of India, which is using part of a café to promote its economy. For its part, Facebook has…

Commuting to work by plane

This content was published on Jan 20, 2016

Crunching data to rebuild trust

This content was published on Jan 19, 2016 More than half (55%) of the 1,400 CEOs surveyed said that “lack of trust in business” could threaten the performance of their companies. But it appears that the fourth industrial revolution – the big theme of this year’s World Economic Forum annual meeting – can lend a public relations hand to firms struggling with negative…

Swiss CEOs cautiously optimistic for 2016

This content was published on Jan 19, 2016 The annual survey, conducted by the firm PricewaterhouseCoopers (PwC), showed that 72% of CEOs in Switzerland saw technological advances, demographic changes and global economic conditions as the top factors influencing the future of their businesses. Some 16% of those surveyed were “very confident” and 50% were “confident” that their company would continue to see growth…

UK interest in luxury timepieces is growing

This content was published on Jan 19, 2016 Yet the most recent statistics published by the Federation of the Swiss Watch Industry tell a different story. Released in late December, the November numbers show that the UK soared to fourth spot in terms of the month’s world distribution of Swiss watch exports – from eighth in October – behind Italy in third place,…

Job cuts loom at Credit Suisse as big lenders reduce costs

This content was published on Jan 18, 2016 The Swiss bank will this week tell up to 1,800 London staff their jobs are at risk, following through on a cost-cutting commitment made last October, bank insiders said. The pressures forcing Credit Suisse into action were evident in last week’s fourth-quarter results from JPMorgan Chase and Citigroup, where revenues from the core fixed income,…

Chinese bank becomes first to open on Swiss soil

This content was published on Jan 15, 2016 Switzerland takes a step toward becoming a renminbi trading hub with the inauguration of a new branch of the China Construction Bank.

Uncertainty overshadows outlook for Swiss CFOs

This content was published on Jan 14, 2016 However, they are increasingly optimistic for their own companies, according to the latest Deloitte CFO survey. In 2016, the geopolitical and macroeconomic environment will remain challenging for Swiss companies, though firms are looking to embrace opportunities such as innovation, digitalisation as well as market and product growth. Among the 123 CFOs recently surveyed, 33% rate…

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