Archive – Banking & Fintech

Glitch means shoppers were charged twice

This content was published on Jan 23, 2014 SIX Management AG – a Swiss company that processes electronic payments – announced on Thursday that anybody withdrawing cash or paying for something with plastic on January 21 was accidentally charged twice. The glitch affected cards issued by banks in Switzerland as well as in the tiny neighbouring state of Liechtenstein. “SIX is in close…

Controversy stalks Davos corridors

This content was published on Jan 23, 2014 Each year, the NGOs name and shame the worst examples of corporate excess and environmental vandalism during the Public Eye Awards ceremony. This year, it is the turn of Russian energy giant Gazprom and US clothing firm Gap to “win”. Gazprom’s drilling in the Arctic circle has left a particularly bitter taste in Switzerland after…

Dark clouds remain over Davos

This content was published on Jan 23, 2014 For while there is no more financial crash to be contended with, no imminent EU break-up to be contemplated or raging civil war across North Africa to be observed, it has been soberly noted that a number of deep divisions and problems remain unsolved. Swiss President (and Foreign Minister) Didier Burkhalter pointed out in his…

Big Brother in Davos

This content was published on Jan 22, 2014 But the average Davos man and woman has taken this revelation in their stride. “I’m not taking any more precautions than any other time I travel abroad,” one South African businessman told me. “Besides, I’ve got no intention of shouting out company secrets here.” In fact, government agencies trawling though large swathes of private data…

Should know-how come before independence?

This content was published on Jan 21, 2014 Deputy Chief Executive Branson, who may be proposed to replace CEO Patrick Raaflaub at Swiss Financial Market Supervisory Authority FINMA permanently, is well acquainted with financial matters. But his nomination as permanent successor would draw criticism, not only because he is a British national, but explicitly because of his experience. Branson was head of a…

Novartis to redeploy Swiss pharma jobs

This content was published on Jan 21, 2014 The company said the redeployment, including possible redundancies, were necessary to bolster the launch of new drugs, notably for the treatment of respiratory, heart and skin diseases. It added that the support services of the pharmaceutical division was the main sector affected by the reform. However, Basel is to remain one of the multinational’s main…

Can the establishment be trusted in Davos?

This content was published on Jan 21, 2014 Trust for politicians in France and the United States has fallen the most in the past 12 months, says global PR firm Edelman. US President Barack Obama and French President François Hollande (pictured) will be notably absent from Davos, but many other statesmen and women who have also suffered a fall in public image will…

WEF Davos through the lens

This content was published on Jan 21, 2014 Looking back over the past few summits, this gallery reveals some of the famous faces among the 2,500 delegates who have put in appearances over the years. Some of the more dramatic moments are also captured on camera, plus some of the lesser known aspects that make up the famous event. Headquartered in Geneva, the…

Notes from Davos

This content was published on Jan 21, 2014

EU negotiators agree on financial trading rules

This content was published on Jan 16, 2014 One proposal on the table could have forced non-EU banks to open branches in EU countries where they want to do business; another could have mandated that foreign countries’ financial services laws be proven sufficiently equivalent to those in the 28-member bloc if they wanted to work with private clients in the EU. Neither option was…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Glitch means shoppers were charged twice

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Controversy stalks Davos corridors

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Dark clouds remain over Davos

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Big Brother in Davos

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Should know-how come before independence?

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Novartis to redeploy Swiss pharma jobs

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Can the establishment be trusted in Davos?

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WEF Davos through the lens

More

Notes from Davos

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EU negotiators agree on financial trading rules

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