Archive – Banking & Fintech

Walter Steiger, sole trader

This content was published on Apr 9, 2012 Walter Steiger has boutiques everywhere, including a bespoke shoe shop on Faubourg St Honoré in Paris. The son of a cobbler, Steiger has worked with some of the biggest names in high fashion and today the enthusiastic 70-year-old remains a perfectionist and aesthete. His sons Paul and Giulio are now following in his footsteps. (Isabelle…

Magazine sued for racial incitement

This content was published on Apr 8, 2012 The cover of the magazine, which has ties to the rightwing Swiss People’s Party, shows a Roma child who looks about four years old pointing a gun at the camera (see link). The headline says: “The Roma are coming: Plundering in Switzerland”. One of those lodging a legal complaint is an Austrian journalist who says…

“Dream market” pleases Microsoft

This content was published on Apr 8, 2012 Petra Jenner, a German who has been in the job since October, said in an interview with Le Matin Dimanche newspaper she particularly liked the fact that Swiss customers quibbled less over price than in other countries. “[In Switzerland] consumers are less focused on the price than their neighbours, and they like quality as well…

Schäuble warns of German “snootiness”

This content was published on Apr 7, 2012 “I’m happy Switzerland has gone so far despite its legal situation and its traditions,” he told the Neue Osnabrücker Zeitung on Saturday. “There is really no cause for snootiness on the German side. The Swiss have shifted on the tax issue to a previously unimaginable extent.” On Thursday, Switzerland and Germany agreed on a revamped tax…

Switzerland rated among best-networked nations

This content was published on Apr 5, 2012 The Geneva-based forum’s index tries to measure a country’s capacity to make the most of new internet technologies. Switzerland does well because of a favourable political environment, innovation, good infrastructure, above-standard technical training at its universities as well as high usage of information technology by consumers and businesses. The United States is ranked eighth, ahead…

No let-up in US fight against tax evasion

This content was published on Apr 4, 2012 But this measure does not mean the US is softening its hard line towards the Swiss banks or that the Obama administration has revised its priorities. The Bloomberg news agency reported on March 27 that the US Justice Office has reduced the number of investigators and prosecutors in its fiscal service by 30 per cent.…

Tamedia profits rocket after takeover

This content was published on Apr 4, 2012 Revenue at the Zurich-based group rose by nearly a half to SFr1.1 billion. Tamedia on Wednesday said that its 2011 figures were boosted by the integration of those of Lausanne’s Edipresse group, whose sales alone were worth SFr384.4 million. Earnings before interest and tax grew 48.9 per cent to SFr168.8 million. Digital media, boosted by advertising…

Besieged economy sends out mixed signals

This content was published on Apr 4, 2012 Forecasters have upgraded growth predictions this year having been surprised by the resilience of the economy against a variety of shocks. Some industry groups, however, remain to be convinced. Last month the State Secretariat for Economic Affairs (Seco) sounded a more optimistic note by predicting 0.8 per cent gross domestic (GDP) growth for this year.…

ZFS changes name to Zurich Insurance Group

This content was published on Apr 4, 2012 The name change was approved at the group’s annual general meeting on March 29. In a statement the group explained the rationale behind the move. “Over the last years Zurich has streamlined its business portfolio to concentrate on insurance,” it said. “In recognition of this strategic focus, the reference to financial services in the company…

Germany denies strained Swiss relations

This content was published on Apr 2, 2012 It insisted on Monday that the incident illustrated the need to get a stalled deal on tax evasion approved. Germany’s centre-left opposition condemned the Swiss move when word of it emerged over the weekend. It is part of an investigation into German authorities’ 2010 purchase of a compact disc containing data on suspected tax cheats.…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Walter Steiger, sole trader

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Magazine sued for racial incitement

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“Dream market” pleases Microsoft

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Schäuble warns of German “snootiness”

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Switzerland rated among best-networked nations

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No let-up in US fight against tax evasion

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Tamedia profits rocket after takeover

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Besieged economy sends out mixed signals

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ZFS changes name to Zurich Insurance Group

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Germany denies strained Swiss relations

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