Archive – Banking & Fintech

Electronic music pioneer Dieter Moebius dead

This content was published on Jul 21, 2015 Born in St Gallen in 1944, Moebius studied classical music as a child. His mother was a classical pianist. After a brief flirtation with jazz in the 1950s, he was drawn to rock music after listening to Chuck Berry and later the Velvet Underground. He left Switzerland to study art in Brussels and then relocated…

US market, watches thwart declining export trend

This content was published on Jul 21, 2015 While Swiss exports to the eurozone dropped in the first half of 2015, those to the United States have increased, as did exports in the watch sector.

The mountain greenery of 1960s Gstaad

This content was published on Jul 20, 2015

Opinion

Today’s Dark Lords of finance

This content was published on Jul 20, 2015 Orthodox monetary policy no longer enshrines the gold standard, which caused the central bankers of the 1920s to mismanage interest rates, triggering a global economic meltdown that ultimately set the stage for World War II. But the unprecedented period of coordinated loose monetary policy since the beginning of the financial crisis in 2008 could be…

Which regulations are commodity traders happy with?

This content was published on Jul 19, 2015 For Stéphane Graber, secretary general of the STSA (Swiss Trading and Shipping Association), Parliament’s adoption of the Financial Market Infrastructure Act was essential for the industry he represents. The legislation, which governs the organisation and operation of financial markets, aims to align Switzerland to regulations, particularly in the United States and the European Union, to…

Post Office bank cuts off foreign based credit cards

This content was published on Jul 18, 2015 Post Finance has sent letters to foreign-based clients warning that their credit cards will cancelled in the coming months.

Fukushima team studies Swiss nuclear experience

This content was published on Jul 16, 2015 “Almost five years after the explosions in the Fukushima Daiichi nuclear power plant, 110,000 people still can’t return to live in their homes,” Masao Uchibori, mayor of the prefecture of Fukushima since November, told swissinfo.ch in Solothurn. “The inhabitants of zones with raised levels of radioactivity can’t lead a normal life.” While most foreign reports…

Aid to Ethiopia to be increased to CHF10 million

This content was published on Jul 16, 2015 The agreement, which enters into force immediately, was signed in Addis Ababa on Wednesday by the head of the Swiss Agency for Development and Cooperation (SDC), Manuel Sager, and the Ethiopian minister for finance and economic development, Ahmed Shide. The cabinet approved the framework agreement on July 1. Expanded longer-term cooperation is part of the…

Industry view: Six months without the euro peg

This content was published on Jul 15, 2015 In a surprise move on January 15, 2015 the SNB scrapped the minimum exchange rate with the euro of CHF1.20 that it had introduced in September 2011. The SNB concluded that enforcing and maintaining a minimum exchange rate against the euro was no longer justified as the euro had depreciated considerably against the US dollar…

Former HSBC boss regrets problems at Swiss arm

This content was published on Jul 15, 2015 Stephen Green appeared in front of a panel of lawmakers in the UK on Tuesday. The House of Lords economic affairs committee heard from Green that “with the benefit of hindsight, it would have been better to have drilled into the detail much earlier”. The bank’s Swiss private bank was built up by its acquisition…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Electronic music pioneer Dieter Moebius dead

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US market, watches thwart declining export trend

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The mountain greenery of 1960s Gstaad

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Today’s Dark Lords of finance

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Which regulations are commodity traders happy with?

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Post Office bank cuts off foreign based credit cards

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Fukushima team studies Swiss nuclear experience

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Aid to Ethiopia to be increased to CHF10 million

More

Industry view: Six months without the euro peg

More

Former HSBC boss regrets problems at Swiss arm

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