Archive – Banking & Fintech

Mosimann cooks up a passion for cookbooks

This content was published on Dec 21, 2015 Mosimann’s guests have included politicians, presidents and celebrities from all over the world. He has also cooked for four generations of the British Royal family, including the wedding banquet for Prince William and Kate Middleton in 2011. Not many people know, however, that the dapper, bow-tie wearing 68-year-old possesses a unique cookbook and menu cards…

Unions called on to address immigration-related labour issues

This content was published on Dec 19, 2015 Switzerland will rely on the activities of labour unions and management groups to combat labour market abuses such as illegal employment and undeclared wages, as well as shortages of qualified workers in certain sectors. The strategy was announced as an alternative to government measures that had been discussed to accompany Switzerland’s anti-immigration initiative.

Swiss firms must wait for US rate hike effects

This content was published on Dec 19, 2015 The effects of the US interest rate hike on the Swiss economy will arrive on a slow burning fuse.

Three further Swiss banks pay US fines

This content was published on Dec 17, 2015 Bordier, PBZ and PostFinance have all agreed to pay a settlement and have signed a non-prosecution agreement with the DoJ, meaning they will continue to cooperate with the department. The Swiss bank programmeExternal link was established in August 2013 to address criminal liability issues surrounding tax evasion by US clients of Swiss banks. Under the…

Developing driverless buses

This content was published on Dec 17, 2015 Two autonomous buses are set to do the rounds, firstly without passengers in a closed off area. Next spring, passengers will also be able to hop onboard. For a two-year trial period, the buses carrying up to nine passengers each will cover tourist routes in Sion’s Old Town. The shuttle system is the brainchild of…

Former UBS forex staff banned by Swiss watchdog

This content was published on Dec 17, 2015 The six individuals were directly responsible for serious breaches of regulation, supervisory authority FINMA said on Thursday. “Traders shared confidential client information, sometimes revealing the identity of clients to third parties, deliberately triggered stop-loss orders, and engaged in front running,” FINMA said. The traders repeatedly attempted to manipulate foreign exchange benchmarks, it added, while management…

Farmers spared from 2016 spending cuts

This content was published on Dec 17, 2015 The House of Representative on Thursday approved a final compromise with the Senate, ending two weeks of debate. Revenue for 2016 is expected to reach CHF66.7 billion against costs of CHF67.2 billion. Outgoing Finance Minister Eveline Widmer-Schlumpf told parliament that the cabinet had reduced the initial budget by CHF1.3 billion, dismissing calls, notably from the…

Sawiris unconcerned about resort’s profit losses

This content was published on Dec 16, 2015 Sawiris said the losses of CHF7 million ($7.1 million) recorded during the first six months of this year and the slow sale of holiday apartments did not alarm him. In a syndicated interview with the Tages-Anzeiger and Der Bund newspapers on Tuesday, Sawiris said his optimism was confirmed by a successful bond issue of CHF50…

Swiss publish dormant bank account list

This content was published on Dec 16, 2015 Some 2,600 dormant Swiss banks accounts, containing at least CHF44 million, went online for public consumption on Wednesday.

Why do we need traditional livestock breeds?

This content was published on Dec 16, 2015 Scientists, farmers, and the government are working against the clock to monitor and preserve traditional livestock breeds – whose genetic adaptations could be key to coping with climate change – before they disappear in favour of more productive cash cows.

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Mosimann cooks up a passion for cookbooks

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Unions called on to address immigration-related labour issues

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Swiss firms must wait for US rate hike effects

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Three further Swiss banks pay US fines

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Developing driverless buses

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Former UBS forex staff banned by Swiss watchdog

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Farmers spared from 2016 spending cuts

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Sawiris unconcerned about resort’s profit losses

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Swiss publish dormant bank account list

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Why do we need traditional livestock breeds?

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