Archive – Banking & Fintech

Unique Rolls Royce fetches half million CHF at auction

This content was published on Sep 26, 2015 A rare 1973 Rolls Royce convertible, originally constructed in a Swiss garage, sold for CHF541,000 ($552,000) today at an auction in Denmark.

Switzerland bans sale of new diesel VWs

This content was published on Sep 26, 2015 On Friday evening, Switzerland became the first country to prohibit the sale of new vehicles from the Volkswagen Group, following the revelation that “defeat” devices have been masking true emissions levels.

Migros, Graubünden banks pay US settlement fines

This content was published on Sep 25, 2015 Migros Bank will pay a fine of $15 million (CHF14.6 million) while the Graubünden bank will pay $3.6 million. The former bank had held 898 accounts for customers with ties to the US, for a total of $273 million in assets. The latter had 374 American-tied accounts with a total of $105.5 million in assets.…

Bank regulator backs new ‘too big to fail’ measure

This content was published on Sep 25, 2015 On Thursday, the House of Representatives voted in favour of doubling the current minimum leverage ratios from 3% to 6% for UBS and Credit Suisse. A leverage ratio is the amount of core equity capital the bank holds aside to cover the risk of its loans defaulting. Branson, head of the Swiss Financial Market Supervisory…

Cotton: Tajikistan’s pride and shame

This content was published on Sep 25, 2015 Swiss NGOs have been supporting the process of cotton crop diversification and farming modernisation in Tajikistan.

Value over volume

This content was published on Sep 25, 2015 It was probably the most expensive tweet in history. A 21-word missive from Hillary Clinton on Monday wiped more than $40 billion (CHF39.3 billion) off the value of US pharmaceutical and biotech stocks. The Democratic presidential frontrunner decried as “outrageous” the “price gouging” by some drugmakers and promised action to stamp it out. The next…

Banking cannot prosper within a culture of fear

This content was published on Sep 24, 2015 In today’s economy few characters deserve as much praise as the entrepreneur who stakes all in pursuit of opportunity. It takes risk to turn a technical breakthrough into a blockbuster product, to crack a new market or invent one where none stood before. Without risk taking, there can be no growth. As is so often…

Novartis offers cheap drugs for developing countries

This content was published on Sep 24, 2015 Baptised “Novartis Access” the affordable drugs portfolio is targeted at chronic diseases like diabetes, respiratory illnesses, cardiovascular diseases and breast cancer. The choice was made based on the World Health Organization’s (WHO) Essential Medicines List and the drugs are also the most prescribed medicines in the 30 countries that will benefit from the reduced rates. …

Switzerland ‘wrong’ to cooperate on stolen bank data

This content was published on Sep 24, 2015 The tax authorities violated Swiss law by offering France legal assistance in tracking down tax evaders using stolen UBS bank data, a court rules.

Parliament targets red tape for businesses

This content was published on Sep 23, 2015 The House of Representatives approved a series of proposals aimed at limiting the number of legal requirements for companies and exempting firms with fewer than 50 employees from providing statistical data to the authorities. However, the other parliamentary chamber, the Senate, still has to agree to the motions. Wednesday’s debate pitted the political parties to…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Unique Rolls Royce fetches half million CHF at auction

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Switzerland bans sale of new diesel VWs

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Migros, Graubünden banks pay US settlement fines

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Bank regulator backs new ‘too big to fail’ measure

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Cotton: Tajikistan’s pride and shame

More

Value over volume

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Banking cannot prosper within a culture of fear

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Novartis offers cheap drugs for developing countries

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Switzerland ‘wrong’ to cooperate on stolen bank data

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Parliament targets red tape for businesses

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