Archive – Banking & Fintech

Shock after Valais coach crash leaves 28 dead

This content was published on Mar 14, 2012 The dead and injured were among a Belgian school group returning home after a ski holiday. It is one of the worst accidents in Switzerland in 30 years. Twenty-four children were injured. There were 52 people in the coach. The group comprised two Flemish school parties from Lommel close to the Dutch border, and Heverlee,…

Twenty eight dead in Valais coach crash

This content was published on Mar 14, 2012 The dead and injured were among a Belgian school group returning home after a ski holiday, according to the Valais cantonal authorities. Twenty four children were injured. There were 52 people in the coach. It is one of the worst accidents in Switzerland in the last 30 years. The group comprised two school parties from…

Ackermann to leave Deutsche Bank for Zurich

This content was published on Mar 13, 2012 Ackermann, who is Swiss, is stepping down as CEO of the German bank at the end of May. Zurich will put him forward for the job of chairman after the company’s annual shareholder meeting on March 29. Ackermann was the first foreigner to head Deutsche Bank and over the past decade developed investment banking into…

Novartis awaits cancer drug ruling in India

This content was published on Mar 13, 2012 Advocacy groups have been campaigning against Novartis on the Indian Glivec/Gleevec issue since 2007, accusing the company of “evergreening”, or extending patent terms by making minor changes in existing medicines. The campaigners – including Berne Declaration, Oxfam and Doctors Without Borders/MSF – see this as a test case in which a Novartis victory would weaken…

Rules tightened for SNB board’s own investments

This content was published on Mar 12, 2012 The regulations will be among the most restrictive of their kind at any central bank, the SNB council said. They come in the wake of a controversial foreign currency trade that resulted in the resignation of the former bank chairman Philipp Hildebrand. The central bank had pledged to tighten the rules in January following the…

Rules tightened for SNB board own-accounts

This content was published on Mar 12, 2012 The new regulations are a response to the furore over international financial transactions carried out by the wife of former chairman Philipp Hildebrand. Details of the transactions were made public in January. Although two previous audits of the controversial Hildebrand transactions found no rules had been broken, he was still forced to resign as chairman…

Watchmaking becomes more attractive

This content was published on Mar 12, 2012 Many youngsters, but also plenty of adults wanting to switch jobs, have taken an interest in careers that had lost much of their allure when the watch industry went downhill in the 1970s. “An oscillating movement is like a beating heart,” said Isabelle Musitelli. At age 38, she’s learning to become a watchmaker, a profession…

Swatch dispute with Tiffany intensifies

This content was published on Mar 12, 2012 Swatch says the New York-based jeweller is striking back after it last year claimed SFr3.8 billion in damages from Tiffany. The watchmaker accuses Tiffany of obstructing a joint venture the companies created in 2007. Swatch said in a statement on Monday that Tiffany’s counterclaim “has no factual or legal basis and will be vigorously contested”.…

Optimism and opulence characterise Baselworld

This content was published on Mar 8, 2012 Now in its 40th year, Baselworld showcases the latest technology and designs over the course of a week. With 456 brands on show, the Swiss watch industry is especially well represented. “Just as a watch says something about its wearer, the watch industry is a statement about Switzerland,” remarked Economics Minister Johann Schneider-Ammann, who officially…

Swiss fail to win at cheese worlds

This content was published on Mar 8, 2012 After winning the three previous competitions, the Swiss cheese makers lost out on Wednesday to a low-fat Dutch gouda named Vermeer in front of 400 spectators. Dan Konz, a cheese grader from Minnesota, said the winning cheese stood out for its “nice, smooth, clean flavour. It had nice body and mouth-feel. A very clean taste.”…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Shock after Valais coach crash leaves 28 dead

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Twenty eight dead in Valais coach crash

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Ackermann to leave Deutsche Bank for Zurich

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Novartis awaits cancer drug ruling in India

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Rules tightened for SNB board’s own investments

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Rules tightened for SNB board own-accounts

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Watchmaking becomes more attractive

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Swatch dispute with Tiffany intensifies

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Optimism and opulence characterise Baselworld

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Swiss fail to win at cheese worlds

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