Archive – Banking & Fintech

Medvedev issues defiant message to extremists

This content was published on Jan 26, 2011 Medvedev had reversed an initial decision not to speak at Davos following Monday’s terrorist attack that claimed 35 lives and injured more than 100 at Moscow’s main airport. “The people who committed this heinous act expected that it would bring Russia to its knees,” he said on Wednesday’s opening day of the annual WEF Davos…

Andermatt development going “according to plan”

This content was published on Jan 26, 2011 Purchase and reservation contracts worth SFr102 million ($108 million) were signed between April and December 2010, with a further SFr9 million in business since the start of this year. The ambitious project, which is the brainchild of Egyptian billionaire Samih Sawiris, will see the transformation of the village of Andermatt in central Switzerland into a…

Transocean lodges appeal at the Federal Court

This content was published on Jan 25, 2011 The company, based in Zug in central Switzerland, had planned a dividend payout of $1 billion (SFr943,500 million) but the Zug Commercial Court, citing pending litigation relating to the Gulf of Mexico oil spill, rejected the payout in August. The decision was upheld by Zug’s Administrative Court. Transocean’s Deepwater Horizon rig drilled the well for…

WEF focuses on the changing reality

This content was published on Jan 25, 2011 The 41st WEF annual meeting in Davos takes place this month against a backdrop of growing division between countries intent on either finding their own way out of economic difficulties or boosting future growth. The continued rapid growth of emerging economies contrasts with the crippling debt burdens and period of austerity for Western nations. This…

Strong franc talks produce no easy fix

This content was published on Jan 24, 2011 He was speaking at a news conference in Bern after top-level talks organised by the State Secretariat for Economic Affairs (Seco) mandated by Swiss Economics Minister Johann Schneider-Ammann. “If it continues, the high cost of the Swiss franc vis-à-vis the euro and the [United States] dollar entails considerable risks for the Swiss economy,” Gerber said.…

Switzerland inspires Danish design duo

This content was published on Jan 24, 2011 Jorn Werdelin and Morten Linde, two friends who grew up together in Denmark, split their time between the British capital and Copenhagen, but it is their strong bond with Switzerland that has been a major factor in their success. Werdelin’s Swiss connection can be traced back to childhood. He was born into a household of…

White-collar crime cost country less in 2010

This content was published on Jan 24, 2011 Professional services group KPMG said the high total in 2009 was largely attributable to the biggest case of organised crime and money laundering ever to have been brought to trial in Switzerland. The case concerned a cigarette mafia and went before the Federal Criminal Court in Bellinzona. KPMG’s Forensic Fraud Barometer noted that another possible…

Novartis announces major United States deal

This content was published on Jan 24, 2011 A statement from Basel-based Novartis on Monday said the acquisition would strengthen its diagnostics operations and diversify its operations further. The Genoptix board is recommending shareholders accept an offer of $25 per share, which represents a premium of 27 per cent over Friday’s closing price. Novartis said Genoptix, which specialises in diagnosing cancers in bone…

Assange condemns arrest of Swiss banker Elmer

This content was published on Jan 24, 2011 Julian Assange told the Sonntag newspaper that Switzerland’s actions were drawing renewed international attention to its banking practices after the detention of former Bank Julius Bär employee Rudolf Elmer. “Mr Elmer is in prison because he has revealed a criminal offshore system of tax evasion in which Swiss banks play a leading role,” Assange is…

Ex-Swiss banker hands over files to WikiLeaks

This content was published on Jan 24, 2011 Rudolf Elmer, a former employee of Bank Julius Bär, said the account holders included “high net worth” celebrities, business leaders and lawmakers from the United States, Britain and Asia. The founder of WikiLeaks, Julian Assange, appeared with Elmer in London to collect the files, and praised the ex-banker’s attempts to expose alleged shady practices in…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Medvedev issues defiant message to extremists

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Andermatt development going “according to plan”

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Transocean lodges appeal at the Federal Court

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WEF focuses on the changing reality

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Strong franc talks produce no easy fix

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Switzerland inspires Danish design duo

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White-collar crime cost country less in 2010

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Novartis announces major United States deal

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Assange condemns arrest of Swiss banker Elmer

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Ex-Swiss banker hands over files to WikiLeaks

Popular Stories

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