Archive – Banking & Fintech

Gold vote poll shows shift towards ‘no’

This content was published on Nov 20, 2014 The poll, carried out by the GfS Bern research and polling institute in the first half of November, puts the ‘yes’ vote at 38%, a fall of six percentage points since the institute’s previous poll, four weeks earlier. Meanwhile opposition to the initiative has risen to 47% of respondents, up from 39%, indicating some late…

Public transport strike disrupts Geneva

This content was published on Nov 19, 2014 A strike by Geneva tram and bus drivers over planned budget and job cuts has paralysed public transport. Industrial action is uncommon in Switzerland – the last public transport strike in Geneva was in 1982.

Banking industry ‘promotes dishonest behaviour’

This content was published on Nov 19, 2014 The study, whose results were published in the journal Nature, involved 200 bankers, of which 128 worked for an unnamed large international bank. They were divided into two groups. One group of bankers was reminded of their profession and associated behaviour through a series of subtle questions. The other group was encouraged to think about…

WEF protestors withdraw from ‘irrelevant’ Davos

This content was published on Nov 19, 2014 Berne Declaration and Greenpeace Switzerland have jointly announced that they will deliver one final Public Eye award in January before exiting the fringes of the event for good. For the past ten years, the awards have been bestowed on multinational firms accused of environmental or human rights abuses. Some of the world’s largest companies have…

Financial eyes on Switzerland ahead of gold vote

This content was published on Nov 18, 2014 Bullion traders and central banks are all watching to see if Swiss voters will give a boost to gold as a commodity and currency support.

Swiss HSBC faces dual French-Belgium threat

This content was published on Nov 17, 2014 HSBC private bank said on Friday that it had been asked to pay a €50 million (CHF60 million, $63 million) bond as French investigators probe the unit’s activities between 2006 and 2007. On Monday, a Belgian investigating judge charged the Geneva-based branch with massive fiscal fraud, money laundering and forming a criminal organisation to the…

Is Switzerland really the best place to live and work?

This content was published on Nov 17, 2014 Expat workers tell swissinfo.ch the best and worst points of living and working in Switzerland compared to other countries.

Jail time demanded for bad bankers

This content was published on Nov 14, 2014 The latest scandal to hit the banking world has led to renewed calls for the authorities to finally clamp down on malpractice by jailing traders for forex rigging.

The ‘cartel’ at centre of forex rigging probe

This content was published on Nov 14, 2014 In an electronic messaging conversation on December 20 2011, the group of three senior traders at Citigroup, JPMorgan Chase and UBS debated whether allowing a fourth trader into the chatroom would “add huge value to this cartell [sic]”. The transcript, revealed in documents by the US Commodity Futures Trading Commission, gives an insight into the…

Rise of Swiss gold exports to India raises questions

This content was published on Nov 13, 2014 Gold imports by India have doubled in the past 15 years, even though the price of gold has climbed and the rupee has strengthened. In this context, a sharp rise in the export of gold from Switzerland to India has raised eyebrows, with concerns of money being laundered through gold. There is a perception among…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Gold vote poll shows shift towards ‘no’

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Public transport strike disrupts Geneva

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Banking industry ‘promotes dishonest behaviour’

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WEF protestors withdraw from ‘irrelevant’ Davos

More

Financial eyes on Switzerland ahead of gold vote

More

Swiss HSBC faces dual French-Belgium threat

More

Is Switzerland really the best place to live and work?

More

Jail time demanded for bad bankers

More

The ‘cartel’ at centre of forex rigging probe

More

Rise of Swiss gold exports to India raises questions

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