Archive – Banking & Fintech

Swiss universities take action against ghostwriting

This content was published on Jan 7, 2016 Vice Rector Lukas Geschwend confirmed that the University of St Gallen had taken action. “Our criminal complaint is not directed at a specific person,” he told the Rundschau programme. “The St Gallen public prosecutor’s office will clarify who is involved, and to what extent.” How many students do actually pay for someone else to do…

Crude traders revive their risk-taking ways

This content was published on Jan 7, 2016 But less talked about has been the contribution of the kind of deals that first established the risk-taking reputation of traders such as Trafigura, Vitol and Glencore, and their ability to buy and sell oil in some of the most troubled corners of the globe. With deals to ship oil from war-torn Libya and large-scale…

Solar Impulse may turn into stratospheric drone

This content was published on Jan 7, 2016 What next for Solar Impulse if the plane completes its round-the-world flight next year? One idea is to develop solar drones to replace satellites, joining Facebook and Google in this experimental field.

Union Bancaire Privée settles with US authorities

This content was published on Jan 6, 2016 UBP is considered to be in “category two” of the US programme for fining Swiss banks who aided Americans in evading taxes. So far, UBP’s fine is the second-highest issued to a category two bank, trumped only by the Ticino-based bank BSI, which paid $211 million last year. Between 2008 and 2013, UBP held 2,919…

Bid to end financial speculation on foodstuffs

This content was published on Jan 6, 2016 The initiative “No speculation on foodstuffs” will be put to a nationwide vote on February 28. Opponents of the initiative say it is unrealistic and if passed, would be damaging to the Swiss economy. Food markets are susceptible to wild fluctuations, with prices sometimes skyrocketing to the detriment of the poorest people who then let…

Opposing views on doubling the Gotthard tunnel

This content was published on Jan 6, 2016 With five million cars and 900,000 long vehicles a year, the Gotthard road tunnel is one of the major crossing points in the Alps. 58% of vehicles crossing the Swiss Alps transit by the tunnel, which links Göschenen in the north and Airolo on the southern side. At 16.9 km it is one of the…

Swiss economy set for bumpy ride in 2016

This content was published on Jan 6, 2016 Looking into his crystal ball, economics professor Sergio Rossi says the country faces a difficult year ahead with its future closely linked to eurozone policies and bilateral relations with the European Union.

Falciani labels the Swiss as financial mercenaries

This content was published on Jan 6, 2016 “In order to survive the Swiss had developed mercenary activities on a grand scale. These are the famous Swiss Guards,” he stated in an interview with the French paper Sud Ouest that was published on Wednesday. “Today, the same principle is at work but at the service of multinationals through the means of offshore financing.” …

CHF3 billion in pension money unclaimed

This content was published on Jan 4, 2016 In addition to a job change, moving without notifying the pension fund of a new address is a main reason that people lose track of their money, says Max Meili, director of the Substitute Occupational Benefit InstitutionExternal link. “After leaving their pension fund, the people forget about their money and never get back in touch,”…

Former Vontobel head dies at 99

This content was published on Jan 4, 2016 Vontobel, who died on Sunday, joined the then J Vontobel & Co in 1943. In a statement released on Monday, the bank said: “As a prudent and far-sighted entrepreneur, he soon put his stamp on the house and also addressed his own transience with the transfer of significant stakes to the Vontobel Foundation and the…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss universities take action against ghostwriting

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Crude traders revive their risk-taking ways

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Solar Impulse may turn into stratospheric drone

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Union Bancaire Privée settles with US authorities

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Bid to end financial speculation on foodstuffs

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Opposing views on doubling the Gotthard tunnel

More

Swiss economy set for bumpy ride in 2016

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Falciani labels the Swiss as financial mercenaries

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CHF3 billion in pension money unclaimed

More

Former Vontobel head dies at 99

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