Archive – Banking & Fintech

Frustration grows at Zurich airport row

This content was published on Oct 16, 2011 Business groups on both sides of the border are beginning to lose patience with the stalemate hampering the airport with “many customers and few friends”. At the end of November in canton Zurich there will be yet another vote over the future of Zurich airport, the country’s biggest which is located at Kloten, just 20…

Swiss Railways pays staff to recruit friends

This content was published on Oct 16, 2011 According to a report in the Sonntag newspaper, employees get the money even if the person they put forward is not taken on. With 28,000 on the pay roll, Swiss Federal Railways is one of the country’s biggest employers. A spokeswoman for the company said the measure was one of the most efficient ways to…

Fitch downgrades UBS rating

This content was published on Oct 14, 2011 It said in a statement that its view was that “the one-notch uplift for close affiliation with the Swiss state is no longer warranted”. The ratings agency was reacting to the lessening of state support for the bank, which had been bailed out in 2008. At the end of September this year parliament approved stricter…

British tax office eyes Swiss accounts

This content was published on Oct 13, 2011 HM Revenue and Customs (HMRC) wants to verify that the account holders have declared all earnings. The potentially wayward taxpayers will get a warning letter offering them a last chance to get their affairs in order. The HMRC said on Thursday that it had already started criminal and serious fraud probes into more than 500…

Credit Suisse probed over share sale

This content was published on Oct 13, 2011 SIX Exchange Regulation announced a probe had begun on Thursday for alleged breach of rules governing the disclosure of management transactions. It concerns the late publication of a management transaction regarding 1,400 registered shares in Credit Suisse Group. A preliminary investigation has already been carried out and proceedings will continue for an indefinite period, the…

Julius Bär tries to boost Asian foothold

This content was published on Oct 13, 2011 Under the strategic collaboration announced on Thursday, Julius Bär will refer clients’ investment banking transactions to Macquarie, whose Asian private wealth business – worth $1 billion (SFr900 million) – will be transferred to the Swiss bank. Julius Bär’s CEO Boris Collardi said it was an important step towards expanding their “footprint in the world’s most…

The man who changed time

This content was published on Oct 12, 2011 Good at marketing and with an eye for elegance, the Swiss-born Breguet was in many ways ahead of his time. His life and works form the basis of an exhibition currently showing at Zurich’s Swiss National Museum. Breguet came from Neuchâtel, but founded a watchmaking workshop in Paris following his marriage in 1775 into a…

The magic of Breguet

This content was published on Oct 12, 2011 Renowned for his elegance, inventions and business sense, Breguet (1747-1823) has been described as the greatest watchmaker of all time. The Swiss National Museum in Zurich is holding a retrospective of his work.

Greece faces more austerity pain

This content was published on Oct 11, 2011 Protesters blocked Greek ministries and state workers went on strike on Tuesday while international debt inspectors ended their review of reforms saying the debt-ridden nation was likely to receive urgent aid to keep paying its bills. As European Union leaders rush to finalise a wide-ranging bailout deal to try to stop the Greek crisis from…

Leading food brands make health commitments

This content was published on Oct 11, 2011 The goals of the campaign are to encourage companies to commit to reducing the salt and fat content in their food products, to offer more balanced foods in schools and to give up advertising aimed at children. For its part, Selecta plans to increase the selection of healthy foods available in its vending machines in…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Frustration grows at Zurich airport row

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Swiss Railways pays staff to recruit friends

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Fitch downgrades UBS rating

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British tax office eyes Swiss accounts

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Credit Suisse probed over share sale

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Julius Bär tries to boost Asian foothold

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The man who changed time

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The magic of Breguet

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Greece faces more austerity pain

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Leading food brands make health commitments

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