Archive – Banking & Fintech

Darwin Airline and Etihad deal is sealed

This content was published on Apr 2, 2015 Regional air carrier Darwin Airline has the green light to cooperate with Etihad Airways in Switzerland.

Switzerland ‘at crossroads’ on corporate tax

This content was published on Apr 1, 2015 The survey concludes that “Switzerland is standing at a crossroads in terms of its attractiveness as a business location” as the country awaits a new corporate tax system. A raft of changes to the tax code is expected in the coming months to ward off pressure from the European Union and the Organisation for Economic…

US crackdown nets guilty plea from ex-asset manager

This content was published on Apr 1, 2015 US federal prosecutors obtain another guilty plea in their crackdown on Swiss financial industry help for Americans who cheat on their taxes.

Financial regulator awards itself top marks

This content was published on Mar 31, 2015 Switzerland’s financial regulator has defended its record at keeping banks in line, days after a parliamentary commission grilling over HSBC.

BSI first bank to face US non-prosecution deal fine

This content was published on Mar 30, 2015 The Lugano-based BSI bank has been fined $211 million (CHF203 million) by the United States for aiding and abetting tax cheats. It is the first Swiss-based bank to complete the non-prosecution programme set up in 2013 to clear up past tax evasion offences.

Switzerland backs more space start-ups

This content was published on Mar 30, 2015 Johann Schneider-Ammann, the Swiss economics minister, has signed a letter of intent with the ESA’s director general, committing CHF5 million ($5.19 million) per year to encouraging space start-ups. Schneider-Ammann is keen to support national pilot projects and activities that encourage the transfer of knowledge from academia to industry. Switzerland has been involved in European space…

Vevey winemakers’ festival proposed for UNESCO list

This content was published on Mar 30, 2015 A festival of winemakers in Vevey is Switzerland’s first candidate for the UNESCO list of “intangible” cultural heritage sites.

Switzerland is founding member of China-led bank

This content was published on Mar 28, 2015 The AIIB was set up by China with the aim of becoming a regional lending institution to rival the World Bank and Asian Development Bank. Switzerland had applied for membership last week and was one of the first European countries to be accepted, joining France, Germany, Italy and the UK. The bank already has a…

OECD: Swiss farming needs competitive boost

This content was published on Mar 27, 2015 Swiss agricultural policies have become more efficient over the past 20 years, but trade barriers and direct payments to farmers remain too high, the Organisation for Economic Co-Operation and Development (OECD) says

Coutts latest foreign bank to leave Switzerland

This content was published on Mar 27, 2015 The Swiss private banking sector will undergo further consolidation after Union Bancaire Privée agreed to buy Coutts International from the Royal Bank of Scotland.

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Darwin Airline and Etihad deal is sealed

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Switzerland ‘at crossroads’ on corporate tax

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US crackdown nets guilty plea from ex-asset manager

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Financial regulator awards itself top marks

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BSI first bank to face US non-prosecution deal fine

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Switzerland backs more space start-ups

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Vevey winemakers’ festival proposed for UNESCO list

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Switzerland is founding member of China-led bank

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OECD: Swiss farming needs competitive boost

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Coutts latest foreign bank to leave Switzerland

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