Archive – Banking & Fintech

Economy to slow further, experts warn

This content was published on Sep 18, 2012 Economists at the State Secretariat for Economics (Seco) now expect growth in 2012 to be just one per cent, down from the 1.4 per cent they predicted in June. Inflation is seen at minus 0.5 per cent this year, compared with an earlier minus 0.4 per cent. “The international economic slowdown has also reached Switzerland,”…

“Two planes leave the factory each week”

This content was published on Sep 14, 2012 The smell is strong, almost sickening. The fuselage of PC-21, a military trainer, has just received its last coat of paint, bright red, like a Ferrari. “We changed the colour to make the plane more visible,” explains Markus Kälin, a 25-year employee of Pilatus and our guide for the day on the site a few…

Swiss training planes conquer difficult market

This content was published on Sep 14, 2012 Based in Stans, canton Nidwalden, Pilatus saw its sales jump substantially in 2011. It took in SFr781 million ($832 million) last year, up 14 per cent on 2010. The future looks bright too. Since the beginning of the year, the company has received orders for 154 aircraft, including 79 for the PC-21 trainer. According to…

Birkenfeld reward may tempt other bankers

This content was published on Sep 12, 2012 Whistleblower Bradley Birkenfeld is credited with exposing widespread tax evasion at Swiss bank UBS. Birkenfeld served two-and-a-half years in prison for a fraud conspiracy conviction related to the case, which resulted in a $780 million fine against the bank and an unprecedented agreement requiring UBS to turn over thousands of names of suspected American tax…

UBS whistleblower hits the jackpot

This content was published on Sep 11, 2012 Bradley Birkenfeld, who was released from prison last month, was not present at the news conference in Washington on Tuesday where his lawyers at the National Whistleblowers Center announced what may be the largest payout ever under an Internal Revenue Service (IRS) whistleblower programme recently criticized in the US Congress. “The IRS today sent 104…

Swiss casinos by the numbers

This content was published on Sep 9, 2012

Libor faces overhaul after rigging scandal

This content was published on Sep 8, 2012 Several alternatives have been put forward to replace the discredited London Interbank Offered Rate that is used as a reference for trillions of dollars of mortgages, credit cards, business loans and complex financial deals. United States Federal Reserve chairman Ben Bernanke and Bank of Canada governor Mark Carney – who is also chairman of the…

Turning around the Emmental cheese industry

This content was published on Sep 7, 2012 The branch voted to reintroduce quotas this summer after overproduction forced down prices, threatening the survival of the remaining traditional Emmental cheesemaking plants in Switzerland. The branch umbrella organisation, Emmentaler Switzerland, believes the quota system will only work if it is imposed across the whole industry, and this can only be done with the government’s…

The cheese that appeals to foreign palates

This content was published on Sep 7, 2012

Only the best will do

This content was published on Sep 6, 2012 The offices opened for business in 1912 and are rumoured to hold the country’s gold reserves in their basement. But decisions are taken in Zurich, Switzerland’s main financial centre, where the three-member governing board works at the other headquarters. A recently published book about the bank’s history in Bern provides some glimpses of little-known facts.

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Economy to slow further, experts warn

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“Two planes leave the factory each week”

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Swiss training planes conquer difficult market

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Birkenfeld reward may tempt other bankers

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UBS whistleblower hits the jackpot

More

Swiss casinos by the numbers

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Libor faces overhaul after rigging scandal

More

Turning around the Emmental cheese industry

More

The cheese that appeals to foreign palates

More

Only the best will do

Popular Stories

Most Discussed