Archive – Banking & Fintech

Fat cat pay checked, but bonuses rankle

This content was published on Oct 8, 2014 An initiative aimed at “fat-cat” executives has curbed the pay of Swiss managers but firms are introducing questionable bonuses via the backdoor.

Glencore-Rio Tinto union still a prospect

This content was published on Oct 8, 2014 For months the sector has been awash with gossip about what might be Glencore’s next move, a year after it swallowed Xstrata in mining’s biggest ever deal. Now we know: Mr Glasenberg is eyeing the creation of “GlenTinto”, a $160 billion (CHF153.5 billion) resources giant that would rival BHP Billiton as the must-own stock in…

US farmers sue Syngenta over GM corn

This content was published on Oct 7, 2014 Syngenta’s MIR162 corn, known as Agrisure Viptera, contains a protein that kills off damaging insects such as corn earworm, army worm and corn borer. In November 2013, inspectors in China found traces of the protein in imported corn. Since then the import levels of US corn into China have fallen by 85% and the country…

Why the Palais des Nations needs a facelift

This content was published on Oct 5, 2014

Former Haitian dictator Jean-Claude Duvalier dies at 63

This content was published on Oct 5, 2014 Millions of dollars allegedly stolen by Duvalier have sat in Swiss bank accounts for years, with new laws – such as the “Lex Duvalier” – allowing the government to freeze, confiscate and pave the way for the eventual return of looted funds. Duvalier, whose death on Saturday was confirmed by his lawyer, inherited power from…

Julius Baer boss says big is not beautiful

This content was published on Oct 2, 2014 “I had love at first sight with banking,” the chief executive says of his first job as an apprentice at Credit Suisse at the tender age of 19, at a time when most of his friends were putting off office hours in favour of student life and parties in Geneva. Today the 40-year-old is young…

Big pharma back in the game it made

This content was published on Oct 1, 2014 Big pharma is back. That, at least, is the impression created by a wave of new cancer drugs rapidly approaching market.

Are pampered rich wrecking cantonal finances?

This content was published on Oct 1, 2014 Incredible though it may seem to the outside world, most Swiss cantons are suffering acute cash flow problems that have smeared red ink all over their annual budgets. The policy of slashing taxes to attract the wealthy has come under renewed fire.

Lake Geneva tunnel project turned down by voters

This content was published on Sep 28, 2014 In Sunday’s cantonal vote, 63% of voters turned down the initiative to construct a tunnel at the far western end of the lake, known locally as “La Rade”. Turnout was 57%. The rightwing Swiss People’s Party initiative had pushed the initiative, backed by the Touring Club of Switzerland (TCS) motoring association, arguing that Geneva suffers…

Restaurants lose bid for VAT parity with takeaways

This content was published on Sep 28, 2014 Faced with competition from takeaways, the restaurant and hotel association Gastrosuisse had mounted a political campaign to derail the success of their rivals, who benefit from a lower level of taxation. The initiative was turned down by 71.5% of voters in the nationwide ballot. It failed to win the backing of any of Switzerland’s 26…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Fat cat pay checked, but bonuses rankle

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Glencore-Rio Tinto union still a prospect

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US farmers sue Syngenta over GM corn

More

Why the Palais des Nations needs a facelift

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Former Haitian dictator Jean-Claude Duvalier dies at 63

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Julius Baer boss says big is not beautiful

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Big pharma back in the game it made

More

Are pampered rich wrecking cantonal finances?

More

Lake Geneva tunnel project turned down by voters

More

Restaurants lose bid for VAT parity with takeaways

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