Archive – Banking & Fintech

Head of Swiss financial regulator steps down

This content was published on Jan 15, 2014 Raaflaub has worked for the supervisory authority since its 2009 launch, overseeing the task of merging the Swiss Federal Banking Commission, the Federal Office of Private Insurance and the Anti-Money Laundering Control Authority into one organisation. He also headed FINMA following the global financial crisis, leading the oversight of UBS and Credit Suisse in its…

Tax evader gets community service

This content was published on Jan 15, 2014 Billionaire Ty Warner, 69, pleaded guilty in October, saying that the crime was the “biggest mistake” of his life. On Tuesday, a federal judge in Chicago sentenced him to probation but no jail time. Warner had already agreed to pay a civil penalty of nearly $53.6 million (CHF48.7 million). The businessman first opened a UBS…

Lindt & Sprüngli increases market share

This content was published on Jan 14, 2014 According to a media statement released on Tuesday, the above-average growth was based mainly on higher volumes, innovation and an improved product mix. It said some challenges last year included rising prices for raw materials, pricing competition and the flagging economies of south European countries. In local currencies, the organic growth of the company amounted…

Israeli bank data disc aids German investigation

This content was published on Jan 13, 2014 The bank has confirmed a report in Der Spiegel magazine that investigators are making formal inquiries into allegedly secret accounts at Israel’s second biggest bank. The tax CD is thought to contain names and account information on more than 100 German clients. It is also thought the account amounts in question are much higher than…

Swiss inch towards renminbi hub dream

This content was published on Jan 13, 2014 As global renminbi (RMB) transactions gather pace, a tantalising vision has emerged of a new international reserve currency competing with the dollar, euro and British pound. Financial centres are jostling to enjoy the prestige and profits of becoming RMB conduits. In December 2012, the Swiss government officially announced its intention of becoming a renminbi hub, joining…

Appenzeller cheese’s survival strategy

This content was published on Jan 10, 2014

In a crowded market, cheesemakers return to basics

This content was published on Jan 10, 2014 In a recent edition of the Swiss agricultural newspaper Der Landfreund, marketing experts predicted the disappearance of cheeses like Emmentaler, Tilsiter and Sbrinz from foreign markets if they don’t set themselves apart from the competition and turn around negative export trends. Following the 2008 economic crisis, customers in Switzerland’s largest foreign markets – Germany, France…

Swatch reports record profits in 2013

This content was published on Jan 10, 2014 The Swiss watchmaker, which is the largest in the world, gained market share in 2013 and has reported strong sales in the early days of 2014. Overall, watch exports from Switzerland to the large Chinese market declined in 2013 after China’s government cracked down on luxury items given as illegitimate gifts. However, Swatch’s middle-market brands…

Outlook continues to improve for retailers

This content was published on Jan 8, 2014 Among the 218 decision leaders in the sector and its suppliers questioned for the report, nearly three in four said they expected higher sales, while more than half are counting on higher earnings. The difference is due to the fact that few believe that pressure on margins will let up. The number of retailers expecting…

Two very different views on nuclear energy

This content was published on Jan 6, 2014

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Head of Swiss financial regulator steps down

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Tax evader gets community service

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Lindt & Sprüngli increases market share

More

Israeli bank data disc aids German investigation

More

Swiss inch towards renminbi hub dream

More

Appenzeller cheese’s survival strategy

More

In a crowded market, cheesemakers return to basics

More

Swatch reports record profits in 2013

More

Outlook continues to improve for retailers

More

Two very different views on nuclear energy

Popular Stories

Most Discussed