Archive – Banking & Fintech

Swisscom embarrassed by sensitive data leak

This content was published on Sep 18, 2013 The Neue Zürcher Zeitung newspaper said on Wednesday that it had received four files of information. Names and contact details of Swisscom clients and the status of various projects were contained amid more mundane internal emails arranging barbeques and company cars, the NZZ reported. Swisscom said it could not yet rule out the possibility that…

Lufthansa CEO Christoph Franz to pilot Roche

This content was published on Sep 16, 2013 Humer, who has been working for the Swiss pharmaceutical company since 1995, announced at the last shareholder meeting that he would not be standing for re-election. From 1998 until 2008 he was Roche’s CEO, and from 2001 onwards he took on the role of chairman. “With Christoph Franz, Roche is getting a chairman with outstanding…

Banks choosing more capital over less credit

This content was published on Sep 15, 2013 The Basel III accord stipulating capital and credit requirements set to take effect in 2019 is already having an impact on banks, according to the study – the largest banks increased their capital by 34 per cent and their capital ratios (the amount of capital a bank holds versus its risk) from 5.7 to 8.5…

Intelligence service taken to task over breach

This content was published on Sep 5, 2013 In its abridged report, the commission blisteringly criticised the role of FIS chief Markus Seiler in the breach involving data theft. The commission found that Seiler had seriously downplayed the FIS’s role in the breach. It also criticised him for signing off on measures to prevent a similar incident from happening again when, in fact,…

Legal assistance given to Argentina

This content was published on Sep 4, 2013 Switzerland had previously been asked for legal assistance by the Argentinian authorities in 2010 concerning a 1997 bribery case involving Menem and officials in the Argentinian communications ministry, according to an article in the Tages-Anzeiger and Der Bund newspapers on Wednesday. Argentinian prosecutors thought $25 million (CHF23.4 million) paid in connection with the award of…

New Swiss negotiator to defend with ‘firmness’

This content was published on Sep 4, 2013 De Watteville was appointed State Secretary for International Financial and Tax Matters in the finance ministry on Wednesday. The 62-year-old succeeds Ambühl, who led lengthy banking and tax evasion talks with the United States and negotiations with the European Union, and who left his post to become a professor at Zurich’s Federal Institute of Technology.…

Switzerland tops field in competitiveness

This content was published on Sep 4, 2013 Switzerland’s strengths lie in its innovation, its system of education, and its research institutions, as well as its superb infrastructure, transparent administration, and functioning finance and job markets, WEF said. There is room for improvement in several areas, according to the study. Swiss youths should have greater access to universities and women should have greater…

Bankers regret past conduct

This content was published on Sep 3, 2013 The banks do not yet know the ultimate cost of the government settlement; they have until the end of this year to come forward in reporting tax evasion by their American customers. The deal struck with US investigators – which will allow some banks to pay fines to avert prosecution – follows a long-running US…

Further millions paid to Britain and Austria

This content was published on Sep 2, 2013 The Federal Tax Administration said on Monday Britain had received £146.7 million (CHF213 million) and Austria €254.7 million (CHF313 million). This follows a first payment in July, when Switzerland transferred CHF372 million to Britain and CHF515 million to Austria. Further monthly payments will be made until June 2014. The financial crisis has put Switzerland under…

Zurich Insurance looks into allegations

This content was published on Aug 30, 2013 Europe’s third-largest insurer has been deeply shaken by Wauthier’s death on Monday and by the subsequent resignation of its chairman, former Deutsche Bank chief Josef Ackermann, three days later. Ackermann said that he had been profoundly affected by his colleague’s death and that Wauthier’s family believed that he shared some of the responsibility. The chairman,…

Page 444 of 1641

First … 442 443 444 445 446 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Swisscom embarrassed by sensitive data leak

More

Lufthansa CEO Christoph Franz to pilot Roche

More

Banks choosing more capital over less credit

More

Intelligence service taken to task over breach

More

Legal assistance given to Argentina

More

New Swiss negotiator to defend with ‘firmness’

More

Switzerland tops field in competitiveness

More

Bankers regret past conduct

More

Further millions paid to Britain and Austria

More

Zurich Insurance looks into allegations

Popular Stories

Most Discussed