Archive – Banking & Fintech

Coke jilts Greece as Geneva clings to holdings

This content was published on Oct 12, 2012 On Thursday, Coca-Cola Hellenic announced that its shareholders would exchange all their stock for shares in Coca-Cola HBC AG, which is based in Zug. According to a statement released by Coca-Cola, the primary objectives of the exchange offer are to “better reflect the international nature of Coca-Cola Hellenic’s business and shareholder base” and enhance liquidity…

The story of cocoa production

This content was published on Oct 11, 2012

Swiss are world’s wealthiest individuals

This content was published on Oct 11, 2012 The high value of the franc played a significant role in launching the Swiss to the top of the wealth index, according to the study, “propelling net worth per adult in Switzerland to unprecedented levels when measured in US dollars.” The average wealth per inhabitant, as measured by the study, was $468,000 (SFr439,874), and has…

Baer will slash jobs to boost new business

This content was published on Oct 9, 2012 Baer plans to reduce between 850 and 1,030 jobs in more than 50 Bank of America Merrill Lynch locations outside the US. The reduction of the combined staff of about 5,700 will primarily affect middle and back office functions such as information technology, accounting or legal employees. Baer announced in August that it plans to…

Ex-Credit Suisse manager held for subprime fraud

This content was published on Sep 27, 2012 The arrest of the banking group’s former global head of structure credit trading marks an apparent victory for US prosecutors, who earlier this year won convictions against two of the his former colleagues. The prosecutors have been waiting for nearly eight months for the 39-year-old man, an American and British citizen, to return to the…

Ratings agency questions SNB euro intervention

This content was published on Sep 25, 2012 However, the Swiss National Bank (SNB) denied Standard & Poor’s estimates that it had bought €80 billion (SFr97 billion) worth of bonds issued by the “core” eurozone countries of Germany, France, the Netherlands, Finland and Austria during the first seven months of 2012. This would amount to 48 per cent of those countries’ collective full-year…

Apple takes a bite of Swiss rail design

This content was published on Sep 20, 2012 “On the one hand we’re happy that Apple adopted the Swiss railway clock. It just goes to show that it is truly a design piece,” railways spokesman Christian Ginsig told the German-language Blick am Abend newspaper on Thursday. However, he pointed out that Apple’s use of the design was unauthorised. As the owner of the…

Evaluating the true worth of commodity trading

This content was published on Sep 20, 2012 The basic numbers make for impressive reading: gross profits increased from SFr1.3 billion in 2001 to SFr20 billion ($21 billion) last year. The sector now contributes nearly 3.5 per cent of total economic output in Switzerland, outstripping tourism and mechanical engineering. Geneva has emerged as arguably the biggest centre of oil trading in the world,…

Is regulating the commodities trade utopian?

This content was published on Sep 20, 2012 Traders now represent three per cent of Switzerland’s GDP. Is it possible to imagine exploiting resources without some form of international accord? Would forcing companies to adhere to Swiss values, possibly encouraging them to leave the country for better conditions elsewhere, be naive or necessary?

Millions frozen in Uzbek case

This content was published on Sep 19, 2012 The magnitude of the Swiss probe is only just becoming clear and details remain hazy. Media reports indicate that vast amounts of money have being fraudulently siphoned from a Russian-owned Uzbek telecommunications firm. The Swiss Federal Prosecutor’s Office issued arrest warrants for four Uzbek nationals after being tipped off by Bank Vontobel about suspicious accounts…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Coke jilts Greece as Geneva clings to holdings

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The story of cocoa production

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Swiss are world’s wealthiest individuals

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Baer will slash jobs to boost new business

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Ex-Credit Suisse manager held for subprime fraud

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Ratings agency questions SNB euro intervention

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Apple takes a bite of Swiss rail design

More

Evaluating the true worth of commodity trading

More

Is regulating the commodities trade utopian?

More

Millions frozen in Uzbek case

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