Archive – Banking & Fintech

UBS bears brunt of forex rigging fines

This content was published on Nov 12, 2014 UBS bank has been handed combined fines of CHF783 million by Swiss, Brtitish and United States regulators for allowing traders to manipulate foreign exchange benchmark rates.

Pocket watch fetches record price at Geneva auction

This content was published on Nov 11, 2014 Including commission, the anonymous buyer will have to part with $24 million, to gain possession of the timepiece. The watch was put up for sale by an anonymous seller who had purchased it in 1999 for $11 million. The pocket watch was commissioned by Henry Graves Jr., a New York banker in 1925 and was…

Swiss notch up high standard of living

This content was published on Nov 11, 2014 Switzerland has again been ranked as a country with one of the highest standards of living in Europe, according to the Federal Statistical Office.

First steps on the international catwalk

This content was published on Nov 11, 2014 Earlier this year, ten young Swiss fashion designers presented their work during London’s fashion week. One of them was Julian Zigerli, who is based in Zurich and considered to be the shooting star of the Swiss fashion scene. Invited by Giorgio Armani himself, he was the first Swiss designer to present his fashions on the…

Perfect storm closes in on luxury goods sector

This content was published on Nov 10, 2014 The Chinese government’s 18-month-old clampdown on lavish gift-giving by officials in mainland China was already taking its toll. Then in March, the outlook for the industry was mired in further uncertainty, provoked by Russia’s annexation of Crimea and the problems in Ukraine, which resulted in political fallout with Europe and the US. The situation in…

The Swiss franc: global reserve or gourmet currency?

This content was published on Nov 8, 2014 As Russia considers dropping the dollar, could the Swiss franc become the world's reserve currency?

Swiss love affair with gold could heat up again

This content was published on Nov 7, 2014 With 1,040 tonnes of gold, the Swiss National Bank (SNB) has the seventh largest gold reserves in the world. Every Swiss thus owns 128 grams of the precious metal, without taking account any gold bars, jewellery or other personal items made of gold they might have stashed away. This value far exceeds that for all…

Tax: State aid probes set to intensify in wake of leaks

This content was published on Nov 7, 2014 Multinationals are bracing themselves for more state aid investigations, following the publication of a massive cache of leaked corporate tax documents from Luxembourg.

Nuclear watchdog charges Greenpeace activists

This content was published on Nov 6, 2014 The charges were filed on Monday with the Federal Prosecutor’s Office. According to the ENSI, the protestors jumped over the fence surrounding the reactor and cut some wires. They then climbed the reactor building and drilled holes into the secondary containment wall. Axpo, the plant operator, had already filed charges with the Aargau prosecutor’s office…

Pills to take in a nuclear accident

This content was published on Nov 6, 2014 Every ten years the Swiss government distributes potassium iodide tablets to people living near nuclear plants, but how effective are they? (SRF, swissinfo.ch)

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Archive – Banking & Fintech

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UBS bears brunt of forex rigging fines

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Pocket watch fetches record price at Geneva auction

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Swiss notch up high standard of living

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First steps on the international catwalk

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Perfect storm closes in on luxury goods sector

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The Swiss franc: global reserve or gourmet currency?

More

Swiss love affair with gold could heat up again

More

Tax: State aid probes set to intensify in wake of leaks

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Nuclear watchdog charges Greenpeace activists

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Pills to take in a nuclear accident

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