Archive – Banking & Fintech

Further Swiss banks settle with American authorities

This content was published on Nov 19, 2015 The three banks, the Swiss unit of BNP Paribas SA ; KBL (Switzerland); and Bank CIC, also agreed to cooperate in any related criminal or civil proceedings, the Justice Department said. They will pay a total of more than $81 million (CHF82 million). The banks settled under a voluntary programme…

Swisscom fined again for abusing market dominance

This content was published on Nov 19, 2015 In a statement on Thursday the company, a former state monopoly which is still majority-owned by the government, denied these allegations and said it would contest the ruling and fine. In its investigation of the 2008 tender for a company network for Swiss Post, COMCO concluded that other providers had been unable to make a…

The Swiss business of making Bollywood dreams

This content was published on Nov 19, 2015 Small businesses have benefited from the Indian film industry's choice of Switzerland as a backdrop for song and dance sequences. But for some companies, it comes at a cost.

Maerki Baumann private bank pays $24 million fine

This content was published on Nov 18, 2015 “Maerki Baumann willfully and actively helped US taxpayers evade their tax obligations and cheat the American public,” said acting Assistant Attorney General Caroline Ciraolo of the US Justice Department’s Tax Division in a statement on Tuesday. “Today’s agreement reveals the extent of such conduct and holds Maerki Baumann accountable, requiring the bank to make a…

Hydropower plants hit by drought

This content was published on Nov 18, 2015

Radioactivity measured automatically in Swiss rivers

This content was published on Nov 17, 2015 The probes are located just downstream from nuclear power stations in the Aare, which passes through the capital Bern, and the Rhine as well as in the city of Basel, the Federal Office of Public Health said on Tuesday. Following a test phase, the measuring system has been active since the beginning of the month. …

Coping with the franc: work more or earn less?

This content was published on Nov 17, 2015 Since the dramatic strengthening of the Swiss franc, thousands of industrial jobs have been outsourced to other countries. As a consequence, unions are calling for a weaker exchange rate for the Swiss franc.

A fiscal paradise under pressure

This content was published on Nov 17, 2015

Sharing a ride to solve transport problems

Organised hitch-hiking relieves transport blues

This content was published on Nov 16, 2015

Swiss to spend ‘less’ this Christmas

This content was published on Nov 13, 2015 The run-up to Christmas has already started in Swiss shops, with Christmas items and decorations on sale, in some places at least, since the end of October. With this in mind, the “Christmas presents 2015 – Switzerland”External link survey, carried out for international professional services firm EY (Ernst & Young), asked 500 people about their Christmas…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Further Swiss banks settle with American authorities

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Swisscom fined again for abusing market dominance

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The Swiss business of making Bollywood dreams

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Maerki Baumann private bank pays $24 million fine

More

Hydropower plants hit by drought

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Radioactivity measured automatically in Swiss rivers

More

Coping with the franc: work more or earn less?

More

A fiscal paradise under pressure

More

Organised hitch-hiking relieves transport blues

More

Swiss to spend ‘less’ this Christmas

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