Archive – Banking & Fintech

Former president defends Blocher

This content was published on May 20, 2012 “It was normal that he should have come to see me. When someone has information of this kind, he must be able to bring it to the attention of the president,” Calmy-Rey told Le Matin Dimanche. “I immediately checked the veracity of his [Blocher’s] statements. If they were correct, we had a real problem. As…

Swiss businesses catch up with social media

This content was published on May 18, 2012 On Friday the California-based company started trading on the Nasdaq Stock Market, having offered 421 million shares in its initial public offering (IPO) (see sidebar). The move, which values Facebook as high as $104 billion (SFr98.2 billion), is expected to raise more than ten times as much as the $1.67 billion raised by Google eight…

Swiss airline raises fares and tightens belt

This content was published on May 17, 2012 Despite being the star performer of the Lufthansa Group, the Swiss carrier has been ordered by its German owners to save SFr100 million ($107 million) by 2015. The efficiency drive is part of an ambitious €1.5 billion (SFr1.8 billion, $1.9 billion) cost saving programme – called Synergies, Costs, Organisation, Revenue, Execution (SCORE) – announced by…

Basel firm makes drums for US state ceremonies

This content was published on May 17, 2012

Emerging markets deliver Richemont record sales

This content was published on May 16, 2012 In a statement on Wednesday, the company said the group had achieved strong sales growth in all segments and regions, despite volatile economic conditions. The group, which has a stable of watch and designer jewellery companies that include Cartier, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC and Panerai, employs some 7,000 people at 20 sites in Switzerland.…

Glencore head responds to criticism against firm

This content was published on May 16, 2012 “We’d be happy to work with aid organisations,” Glasenberg told the German-language Tages-Anzeiger and Bund newspapers in an in-depth interview published on Wednesday. It was Glasenberg’s first major interview in the Swiss press since a report released last month accused Glencore subsidies of violating human and environmental rights. Glasenberg dismissed these accusations, arguing that his…

swissinfo.ch to offer Russian service from 2013

This content was published on May 16, 2012 With the reorganisation, the multimedia internet platform will target first and foremost an international audience interested in Switzerland, offering explanation and analysis of Swiss politics, the economy, culture and social affairs in ten languages, including Russian from 2013. swissinfo.ch’s offer has been streamlined. The three national language departments – German, French and Italian – have…

Operation Libertad

This content was published on May 16, 2012 The film then jumps 30 years forward when videotapes chronicling the entire operation reappear and reopen the haunting question: does the end justify the means? Wadimoff talks to swissinfo.ch. (Akkafilms.ch/swissinfo.ch)

Who wants to be a Swiss banker?

This content was published on May 14, 2012 Last year, UBS and Credit Suisse slashed 7,000 global jobs between them (around 1,500 in Switzerland). UBS chief executive Sergio Ermotti expressed fears in a recent newspaper interview that 20,000 more jobs may be cut by Swiss banks in the coming years – a fifth of all current employees. “I fear there may be more…

Eurostar eyes line to Geneva

This content was published on May 14, 2012 Eurostar Chief Executive Nicolas Petrovic told the Financial Times on Monday he wanted his company, which currently carries 9.7m passengers a year, to pose a competitive challenge for airlines. Petrovic said he aimed to use the creeping liberalisation of European rail markets to launch services across western European cities like Geneva, Amsterdam, Frankfurt, Cologne, Lyon…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Former president defends Blocher

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Swiss businesses catch up with social media

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Swiss airline raises fares and tightens belt

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Basel firm makes drums for US state ceremonies

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Emerging markets deliver Richemont record sales

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Glencore head responds to criticism against firm

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swissinfo.ch to offer Russian service from 2013

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Operation Libertad

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Who wants to be a Swiss banker?

More

Eurostar eyes line to Geneva

Popular Stories

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