Archive – Banking & Fintech

Gotthard line changes from asset to weak spot

This content was published on Jun 24, 2012 Whoever wants to cross the Swiss Alps by train or road has two alternatives: the Gotthard (rail or road tunnel) in central Switzerland or the Lötschberg-Simplon axis (rail or Simplon pass) in cantons Bern and Valais. The Gotthard is the faster and more direct connection. However, it’s been closed since June 5 due to the…

Through and over the Gotthard

This content was published on Jun 24, 2012 Since the Gotthard tunnel opened in 1882, roads and railways have competed against each other at the Gotthard. In 1980, the Gotthard road tunnel was opened, giving people direct access to the “other side”. While a new rail tunnel is currently being built, a fierce debate has erupted over the construction of a second road…

Banks shrug off Moody’s downgrades

This content was published on Jun 22, 2012 Overnight on Thursday, Moody’s downgraded 15 banks and securities firms operating in global capital markets as part of a major review initiated in February. Other banks to be downgraded in the widely anticipated action by the ratings agency included Citigroup, Goldman Sachs, Barclays, HSBC and JP Morgan Chase. Moody’s said in a statement that the…

Serono strikers vow to continue protest

This content was published on Jun 20, 2012 Activists demonstrated at the entrance to the headquarters of Serono on Wednesday to put pressure on the management of Serono’s owners, the German drug and chemical maker Merck, and the Geneva authorities. The Unia trade union said the protests “had slowed down considerably” the company’s daily business. Staff voted to continue the action on Thursday…

Blast secures key north-south railway line

This content was published on Jun 18, 2012 Around 2,500 cubic metres of rock were dynamited in a controlled explosion. Swiss television showed these images of the blast operation on Monday. (SF/swissinfo.ch)

Greek euro exit could devastate Swiss economy

This content was published on Jun 16, 2012 The Swiss economy would derail further if other states withdraw from the euro, BAK Basel has warned. In the worst case scenario, Swiss economic growth could lag four per cent behind its normal path in the next four years. Faced with an unsustainable mountain of debt and rocketing unemployment, Greece was forced to impose savage…

Why are Japanese buying Swiss companies?

This content was published on Jun 15, 2012 The Japanese economy is currently suffering from the effects of the Tohoku earthquake of 2011 as well as from the strength of the yen. Nevertheless Japanese conglomerates are investing more and more in Swiss companies. As early as 2009, the Japanese conglomerate Mitsubishi took over the biggest Swiss plastics manufacturer Quadrant, followed in 2011 by…

Banks perilously exposed to market downturn

This content was published on Jun 14, 2012 The two big banks, UBS and particularly Credit Suisse, should speed up the process of cutting risk and build up more secure capital buffers. And smaller institutions continue to dip their fingers too deeply into the home mortgage market despite previous warnings. The Swiss National Bank’s (SNB) annual financial stability report, issued on Thursday, has…

Former SNB chief hired by BlackRock

This content was published on Jun 13, 2012 Based in London, Hildebrand will look after institutional clients in Europe, the Middle East, Africa and Asia from October, a company statement said. In recent years BlackRock has become the world’s largest asset manager with some $3.68 trillion directly under management. Hildebrand resigned from the SNB in January after emails cast doubt on his claims…

UBS considers legal action over Facebook losses

This content was published on Jun 9, 2012 In a statement, UBS confirmed that the bank made a loss due to Nasdaq’s technical issues when the social networking company’s stock began trading on May 18. The bank declined to disclose the amount of its losses but said it was “not material”. It said UBS was considering its options for recovering its losses but…

Page 476 of 1641

First … 474 475 476 477 478 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Gotthard line changes from asset to weak spot

More

Through and over the Gotthard

More

Banks shrug off Moody’s downgrades

More

Serono strikers vow to continue protest

More

Blast secures key north-south railway line

More

Greek euro exit could devastate Swiss economy

More

Why are Japanese buying Swiss companies?

More

Banks perilously exposed to market downturn

More

Former SNB chief hired by BlackRock

More

UBS considers legal action over Facebook losses

Popular Stories

Most Discussed