Archive – Banking & Fintech

‘Major irregularities’ found in 36 wine producers

This content was published on Jun 4, 2015 “In particular the companies committing major errors blended wines illegally,” said Philippe Hunziker, head of the Swiss Wine Trade Inspection on Thursday. Improper labelling was also noted in the report of the wine inspectors and cantonal chemists. “All the irregularities were the result of human error or administrative negligence,” said Patrick Edder, a chemist in…

Geneva prosecutor drops HSBC probe

This content was published on Jun 4, 2015 The bank said in a statement on Thursday that the payment was compensation to local authorities for past organisational failings and that no criminal charges would be filed. On February 17, Geneva’s public prosecutor carried out a dramatic raid of HSBC’s lakeside Swiss office and initiated proceedings for suspected money laundering. This followed numerous investigations…

New Gotthard tunnel garners worldwide admiration

This content was published on Jun 2, 2015 Due to open in a year, the Gotthard base tunnel – the world’s longest – has captured the world’s imagination.

Swiss recession risk “increases”

This content was published on May 29, 2015 Switzerland could slide into recession this year unless the franc-euro exchange rate improves, an economist fears.

Burkard family lodges appeal against Sika AGM vote

This content was published on May 29, 2015 Sika's controlling shareholder family takes its own company to court for restricting its vote during the AGM.

Switzerland Tourism touts 1,600km Grand Tour

This content was published on May 29, 2015 The “Grand Tour” of Switzerland takes in dozens of natural and cultural highlights, but how marketable is it, and will it appeal to visitors?

Four banks settle in US tax evasion scheme

This content was published on May 28, 2015 Four Swiss-based banks pay a combined $2.2 million to settle tax evasion issues with the Department of Justice.

Hay particles responsible for holes in Swiss cheese

This content was published on May 28, 2015 Swiss researchers have uncovered the longstanding mystery behind how holes appear in cheese, finding that hay particles are responsible for the phenomenon. Scientists from the Agroscope Institute for Food Sciences and the Swiss Federal Laboratories for Materials Science and Technology found that controlling the number of hay particles in milk used to make cheese also…

Swiss start-ups struggle for financing

This content was published on May 28, 2015 According to an annual European Union survey, Switzerland continuously outperforms all EU member states in the field of innovation. The Swiss State Secretariat for Education, Research and Innovation says it’s also among the countries with the highest spending on research and development in relation to its gross domestic product. The private sector bears the cost…

Business leaders downgrade Switzerland in IMD rankings

This content was published on May 27, 2015 Switzerland has gone from 2nd to 4th in the IMD World Competitiveness rankings. Is the SNB decision to abandon the euro peg the reason?

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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‘Major irregularities’ found in 36 wine producers

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Geneva prosecutor drops HSBC probe

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New Gotthard tunnel garners worldwide admiration

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Swiss recession risk “increases”

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Burkard family lodges appeal against Sika AGM vote

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Switzerland Tourism touts 1,600km Grand Tour

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Four banks settle in US tax evasion scheme

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Hay particles responsible for holes in Swiss cheese

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Swiss start-ups struggle for financing

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Business leaders downgrade Switzerland in IMD rankings

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