Archive – Banking & Fintech

Rising house prices “heading towards a wall”

This content was published on Mar 8, 2011 The average price of apartments has increased 56 per cent in the past decade and that of single family homes by 37 per cent, with the trend showing no signs of abating. In some areas, real estate inflation has substantially outstripped rises in household income. “We’re heading towards a wall,” Credit Suisse real estate analyst…

Marketing luxury watches in China takes time

This content was published on Mar 8, 2011 There are differing views on what luxury actually is among the country’s wealthy and therefore one marketing strategy alone does not necessarily apply to all would-be customers, experts say. Swiss watchmaking exports to China increased sharply in 2010 and the trend is set to continue, against the background of a rise in the country’s rich.…

Switzerland No 1 for tourism competitiveness

This content was published on Mar 7, 2011 “Switzerland is not only an attractive tourism destination but is also an important business travel hub, with many international fairs and exhibitions held in the country each year,” the WEF report said. The report measured the competitiveness in the travel and tourism sector of 139 countries by examining indictors such as regulations and the business…

Freizeit nach Fahrplan (original)

This content was published on Mar 7, 2011 Öffentliche Eisenbahnen gibt es seit 1825 und betriebsfähige Modelle davon etwa gleich lang. Die Schienennetze befinden sich heute auf Dachböden, in Luftschutzanlagen, ausgedienten Hallenbädern oder eigens gebauten Klublokalen. Mit der Umstellung auf digitale Steuerungen der Anlagen hat sich die Modelleisenbähnler-Gemeinde in den letzten Jahren auch wieder etwas verjüngt. Roger Wehrli sah sich um bei drei…

Glacier Express driver guilty of negligence, homicide

This content was published on Mar 7, 2011 The man, convicted of homicide and negligently causing injury, was also ordered to pay SFr500. Besides the Japanese woman who died, more than 40 people were injured in the derailment of the popular tourist train on July 23. The train was going 20km/h above the 35km/h speed limit when the accident occurred. Investigations into the…

Kuoni announces British acquisition

This content was published on Mar 7, 2011 Kuoni said on Monday it will pay $720 million (SFr660 million) for GTA which would be financed through a new credit facility worth SFr600 million. It will also look to raise an additional SFr250 million via a discounted share offer from the privately-owned US-based Travelport. “In acquiring GTA, Kuoni is investing in one of the…

Swiss private banker questioned in US

This content was published on Mar 6, 2011 A spokeswoman for the bank confirmed to the Swiss news agency a report in the SonntagsZeitung newspaper that the man had been “lured into a trap” by the FBI in October 2010 when he was in Miami on his way to a congress in the Bahamas. He admitted the attempted laundering to the investigators and…

Alpine traffic faces uphill challenge

This content was published on Mar 5, 2011 swissinfo.ch spoke to an environmental organisation calling for a cap-and-trade Alpine Crossing Exchange, a road hauliers’ association which says this would cause “massive economic damage” and the transport ministry, which is stuck in the middle. On Thursday the transport ministry reported that in 2010 the number of trucks using Alpine roads had risen by 77,000…

UBS chief waives bonus for 2010

This content was published on Mar 4, 2011 Oswald Grübel, who helped UBS return to a profit last year for the first time since the start of the financial crisis, will not draw on bonus payments he was entitled to for 2010, the bank said on Friday. His base annual salary is the same as when he joined the company in February 2009,…

US authorities charge Swiss banker in California

This content was published on Mar 4, 2011 Steven Kobayashi is accused by the United States Securities and Exchange Commission of misappropriating $3.3 million (SFr3.1 million). In a parallel action the US Attorney’s Office for the Northern District of California filed criminal charges against Kobayashi arising from some of the same alleged misconduct. An SEC statement said his scheme included cheating investors in…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Rising house prices “heading towards a wall”

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Marketing luxury watches in China takes time

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Switzerland No 1 for tourism competitiveness

More

Freizeit nach Fahrplan (original)

More

Glacier Express driver guilty of negligence, homicide

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Kuoni announces British acquisition

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Swiss private banker questioned in US

More

Alpine traffic faces uphill challenge

More

UBS chief waives bonus for 2010

More

US authorities charge Swiss banker in California

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