Archive – Banking & Fintech

Swiss banks suspected of currency rate scam

This content was published on Oct 4, 2013 The latest rate rigging probe follows hard on the heels of the Libor scandal that engulfed UBS along with other global banking giants. The Swiss Financial Market Supervisory Authority (FINMA) has not named any bank in its latest investigation, nor has it given any further details. FINMA said in a statement on Friday that it…

Controversial geothermal tech attempts comeback

This content was published on Oct 3, 2013 Avenches is the former capital of Roman Switzerland. It’s also there in the small city’s industrial zone that a controversial geothermal technology could be making a comeback. Geo-Energie Suisse has chosen it as one of three potential sites to develop a so-called Enhanced Geothermal System (EGS) that could provide heat and electricity for the town.…

Earthquakes trigger concern over geothermal power

This content was published on Oct 3, 2013 Geothermal energy is an inexhaustible, clean and constant energy source. By the year 2050,it’s hoped that up to 10 % of the country’s energy needs will be covered by around 200 geothermal energy stations. But there’s still a lot of uncertainty about its cost and safety. The injection of fluids into hot rock can cause…

Swiss financial centres given good marks

This content was published on Sep 30, 2013 Zurich was sixth on the global list, and Geneva eighth. The top five places were taken by London, New York, Hong Kong, Singapore and Tokyo. The only other European centre in the top ten was Frankfurt, just after Geneva. On its website the umbrella organisation of the Geneva banks, Genève Place Financière, welcomed the findings,…

Old tractors pull in the crowds

This content was published on Sep 28, 2013 Typically American I thought: here everything is bigger, and when it comes to motors, the Americans love it even bigger. Shortly afterwards I moved back to Switzerland, to Möriken in canton Aargau where I grew up and which used to be a farming community. One of the first events to be held there after I…

Ilford seeks fresh start

This content was published on Sep 26, 2013 The building near Fribourg that housed the production facility was home to the “tunnel”, where the paper was coated with different layers of chemicals. (Photos: Thomas Kern, swissinfo.ch)

Swiss lead the world in energy management

This content was published on Sep 25, 2013 Countries were given letter grades for their performance in three categories: how well they manage their energy supply; how accessible and affordable energy is across the population; and how much of their power is derived from low-carbon renewables. Only five countries received all As: Switzerland, Denmark, Sweden, Britain and Spain. Switzerland was ranked globally first…

UBS and Credit Suisse targeted by US regulator

This content was published on Sep 24, 2013 In a statement on Monday, the NCUA alleged violations of federal and state anti-trust laws by manipulation of interest rates through the London Interbank Offered Rate (LIBOR) system, the benchmark for setting interest rates around the world. It claimed the manipulation of LIBOR resulted in a loss of income from investments and other assets held…

Senate approves FATCA legislation

This content was published on Sep 23, 2013 The House of Representatives voted in favour of the legislation earlier this month and it can now only be thwarted if it is rejected in a referendum by the Swiss people as a whole. The deal is designed to put an end to the tax dispute between the two countries, but it will only apply…

SECO predicts brighter outlook for Swiss economy

This content was published on Sep 19, 2013 But it warned that a dramatic recovery in the export industry, which has proven to be relatively crisis-resistant in recent years, was still slow in coming. The Swiss economy is likely to achieve a “pleasing” 1.8 per cent growth during 2013, said economists at the State Secretariat for Economic Affairs (SECO). This was up from…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss banks suspected of currency rate scam

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Controversial geothermal tech attempts comeback

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Earthquakes trigger concern over geothermal power

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Swiss financial centres given good marks

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Old tractors pull in the crowds

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Ilford seeks fresh start

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Swiss lead the world in energy management

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UBS and Credit Suisse targeted by US regulator

More

Senate approves FATCA legislation

More

SECO predicts brighter outlook for Swiss economy

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