Archive – Banking & Fintech

Swiss Railways plans to axe 900 jobs by 2020

This content was published on Nov 5, 2015 The efficiency measures announced on Thursday are part of a review of costs and services dubbed “RailFit20/30”, aimed at making the company more competitive. However, definitive measures will only be finalised next summer after consultation with the firm McKinsey. Swiss Railways said the job cuts were the result of rising costs associated with providing new…

Relaxation of banking secrecy laws put on ice

This content was published on Nov 4, 2015 The cabinet said on Wednesday that the change of heart was due to the slim chance of success it believed the revision would have. The project has been put aside for the time being, according to the finance ministry. The aim of the reform to the laws on fiscal offences was to stop tax evaders…

Private bank Bonhôte pays fine to United States

This content was published on Nov 3, 2015 Under the terms of an agreement concluded with US justice authorities in 2013, the canton Neuchâtel institution will pay $620,000 (CHF610,000) to settle its affairs over Americans who held accounts there. Since August 2008, Bank Bonhôte had a total of 63 declared and undeclared accounts linked to the US, according to the US Justice Department.…

Sika clash is more than just an acrimonious takeover battle

This content was published on Nov 3, 2015 The words “building trust” are written in large letters above the reception desk at the research and production facilities of Sika, the Swiss chemicals group, on the banks of Zurich’s Limmat river

Switzerland still tops financial secrecy index

This content was published on Nov 2, 2015 The Alpine nation performed poorly in eight of the 15 secrecy indicators used to estimate financial secrecy. It did particularly badly in the categories of corporate transparency regulation, transparency of beneficial ownership, and efficiency of tax and financial regulation. Besides Switzerland, Hong Kong, the United States, Singapore and Cayman Islands made the top five. However,…

Geneva: doing business post-banking secrecy

This content was published on Nov 1, 2015 Falciani will be tried in his absence on Monday in the Swiss Criminal Court on charges stemming from stealing client data from his former employer, the Geneva branch of HSBC. It was a turning point for HSBC and other Geneva banks when the public became aware of the case in 2009 and the scale of…

Innovation, Falciani and personalised medicine

This content was published on Nov 1, 2015 Monday The newly opened Swiss Innovation Park has talented researchers, extensive scientific infrastructure and close ties to industry. But will the project help protect the Swiss economy under increasingly turbulent global market conditions? swissinfo takes a closer look. Whistle-blower Hervé Falciani blew the lid off tax dodging clients at the HSBC in Geneva. Now the…

World expo drawing to a close after six-month run

This content was published on Oct 30, 2015 In a final visit to the Milan Expo on Friday, Swiss officials deemed their country's presence at the event a success.

Expectations high for future Swiss renminbi trading hub

This content was published on Oct 30, 2015 CCB’s recently installed director David Gong told swissinfo.ch on Friday that preparations were ‘on track’ in Zurich and that the bank should be operational in the ‘coming weeks’. The CCB received a licence two weeks ago from the Swiss banking regulator FINMA. The arrival of the Chinese bank is expected to complete the jigsaw for…

Swiss banks to pay $25 million fine to US

This content was published on Oct 30, 2015 The US Department of Justice (DOJ) announced Thursday that four Swiss banks will collectively pay a penalty of $25 million (CHF24.7 million) as part of the Swiss Bank Program to resolve criminal liability issues related to tax evasion.

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss Railways plans to axe 900 jobs by 2020

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Relaxation of banking secrecy laws put on ice

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Private bank Bonhôte pays fine to United States

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Sika clash is more than just an acrimonious takeover battle

More

Switzerland still tops financial secrecy index

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Geneva: doing business post-banking secrecy

More

Innovation, Falciani and personalised medicine

More

World expo drawing to a close after six-month run

More

Expectations high for future Swiss renminbi trading hub

More

Swiss banks to pay $25 million fine to US

Popular Stories

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