Archive – Banking & Fintech

Roche records rise in profit in 2011

This content was published on Feb 1, 2012 In a statement on Wednesday, the pharmaceuticals firm said that it had seen a strong performance in 2011 despite the impact of currency effects and the challenging market. Its profit for 2010 was SFr8.89 billion. The Basel-based company said net income attributable to shareholders grew seven per cent to SFr9.3 billion from SFr8.7 billion the…

Breaking the bank?

This content was published on Jan 31, 2012 A US probe into Swiss banks allegedly aiding tax evasion by Americans has claimed its first victim. Switzerland’s oldest private bank broke itself up due to the pressure of the US investigation and others have begun to hand over sensitive data. Should Switzerland continue to fight its corner or bend to the will of the…

Bank client emails in the hands of US

This content was published on Jan 31, 2012 Full access to the information will only be provided when a tax agreement is in place between the two countries. Swiss Finance Minister Eveline Widmer-Schlumpf informed a parliamentary economics commission that Credit Suisse and seven other Swiss banks wanted to make concessions to the United States by offering information about client relations. According to research…

ABB to buy Thomas & Betts for $3.9 billion

This content was published on Jan 30, 2012 Under the terms of the deal, which will see ABB broaden its inroads into the world’s largest market for low-voltage products, ABB will pay $72 per share in cash for Thomas & Betts, a 24 per cent premium over the stock’s closing price on Friday. Zurich-based ABB, which makes products used by oil, mining and…

Goodbye, adieu, ciao etc

This content was published on Jan 29, 2012 It’s always the same every year: a nervous, dynamic buzz of activity to start with followed by an exhausted, out of body experience when you leave. Day one in Davos is all about queues, impatience, jostling and journalists sticking down bits of paper to lay claim to their section of desk. The open plan media…

IMF asks Swiss to add to eurozone crisis fund

This content was published on Jan 29, 2012 Christine Lagarde made the appeal to Swiss Finance Minister Eveline Widmer-Schlumpf on the sidelines of the World Economic Forum in Davos. The amount requested was not made public. Widmer-Schlumpf said contributions by various countries were being sought. It now had to be discussed by the cabinet, she said, adding: “We need to do everything to reduce instability…

EU should eat humble rösti

This content was published on Jan 28, 2012 To be fair, Ferguson is not the only one to champion the transformation of the EU into a more complete federation. Many others are questioning how monetary union can exist without member states ceding more control of budgets, spending and borrowing to a central authority. “Is it possible for Europe’s diverse people to live in…

Who’s eating all the pies?

This content was published on Jan 28, 2012 Star economist Nouriel Roubini has likened global social unrest to undernourished people wanting a larger slice of the pie. The trouble is, the pie is shrinking in the face of a severe economic slowdown. The world’s leadership is remarkably chaotic, he opines. “It doesn’t look like a G20 world, it looks like a G0 world.”…

Swiss and Germans resolve Zurich airport row

This content was published on Jan 28, 2012 Flights over southern Germany heading to and from Zurich airport will be affected. In return the airport will be able to increase its capacity at certain times of the day. Air traffic could go up again in the future should technological advances reduce aircraft noise. A declaration of intent had been signed by the two…

Price cuts

This content was published on Jan 27, 2012 Price cuts

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Roche records rise in profit in 2011

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Breaking the bank?

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Bank client emails in the hands of US

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ABB to buy Thomas & Betts for $3.9 billion

More

Goodbye, adieu, ciao etc

More

IMF asks Swiss to add to eurozone crisis fund

More

EU should eat humble rösti

More

Who’s eating all the pies?

More

Swiss and Germans resolve Zurich airport row

More

Price cuts

Popular Stories

Most Discussed