Archive – Banking & Fintech

Holenweger acquitted of money laundering

This content was published on Apr 21, 2011 Eight years after Holenweger was first arrested on charges of laundering money for South American drug cartels, the Federal Criminal Court in Bellinzona on Thursday cleared him of all charges, which also included bribery, falsifying documents and mismanaging client assets. The decision represents a significant defeat for federal prosecutors who had sought a prison term…

PostFinance fined for money laundering scam

This content was published on Apr 21, 2011 It is the first time a Swiss financial institution has been sanctioned under money laundering laws which require financial services to investigate the origins of suspicious money transfers. The case dates back to February 2005 and a cash transfer of SFr4.6 million made to a PostFinance account held in the name of a director of…

Swiss HQ oversees Ineos future growth

This content was published on Apr 20, 2011 The private group recently moved its headquarters and tax residence from Southampton, Britain, to the village on the shores of Lake Geneva to benefit from its central European location and to save on tax bills. swissinfo.ch went to find out more. “Clearly we’ve grown very quickly and having developed a global business we needed a…

Jungfrau Railway posts record result

This content was published on Apr 20, 2011 A statement from the company on Wednesday said this was thanks to the return of visitors from Asia – for example the number of Koreans travelling on Europe’s highest railway station increased greatly. It added that this, combined with a generally good economic climate, had led to a record turnover of SFr138.6 million. Guests from…

Synthes owner looks to pass on majority stake

This content was published on Apr 19, 2011 Synthes confirmed this week that it was touting itself to United States company Johnson & Johnson as a possible takeover target, with Swiss media speculating that it is also in talks with other potential buyers. Such a deal, although far from being signed, would benefit Johnson & Johnson far more than Synthes, according to observers.…

Swiss spend SFr26 billion on dining out

This content was published on Apr 19, 2011 People in Switzerland spent about SFr26 billion ($28.93 billion) on eating out and going for drinks in 2010. That is SFr3.3 billion more than in 2009, according to GastroSuisse, the national federation of hoteliers and restaurateurs. In a statement published on Tuesday, GastroSuisse noted that the national smoking ban introduced in May 2010 had not…

Rio awaits new Swiss trains ahead of World Cup

This content was published on Apr 19, 2011 For over three decades red trains made by the Swiss firm Stadler have chugged to the top of the 700-metre Corcovado mountain. The planned switch to more modernised trains will slash journey times and queues, but the deal is beset by administrative hitches. The Corcovado Train Company, a Brazilian firm that manages rail access from…

Executive bother as shareholders rattle cage

This content was published on Apr 18, 2011 In many cases, enhanced shareholder activism can help force healthy changes in boardroom pay and company strategy. But it can also put shareholders on a collision course with managers or even between different groups of investors. There have been many instances of Swiss companies feeling the full force of the changing environment since the financial…

Synthes considers US takeover

This content was published on Apr 18, 2011 Synthes said it was talking with the group about “a potential business combination transaction” but gave no financial details. It does not intend to make any further public statements unless and until a definitive agreement is reached or talks are called off. Synthes makes surgical instruments, implants and materials for repairing bone and soft tissue.…

CDs lose further ground to downloads

This content was published on Apr 18, 2011 While sales dropped to SFr121 million ($135 million) from SFr144 million, the market for digital downloads from the internet is thriving and increased 11 per cent over 2009. However, Ifpi says illegal downloads are still a major problem for the recording industry. It called for legal amendments and welcomed an extended cooperation between 18 official…

Page 554 of 1641

First … 552 553 554 555 556 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Holenweger acquitted of money laundering

More

PostFinance fined for money laundering scam

More

Swiss HQ oversees Ineos future growth

More

Jungfrau Railway posts record result

More

Synthes owner looks to pass on majority stake

More

Swiss spend SFr26 billion on dining out

More

Rio awaits new Swiss trains ahead of World Cup

More

Executive bother as shareholders rattle cage

More

Synthes considers US takeover

More

CDs lose further ground to downloads

Popular Stories

Most Discussed