Archive – Banking & Fintech

Biscuit hatchet buried in champagne wars

This content was published on Jan 21, 2011 The trade group objected to the use of the name Champagne on the local bakery Cornu’s sweet and savoury biscuit products. However, a similar row continues over the label “vin de Champagne” used by local Swiss winegrowers. “We will no longer use the name Champagne as a brand, but we will be able to use…

Better regional policies could improve economy

This content was published on Jan 21, 2011 The Paris-based OECD noted in its territorial review of the country that although Swiss companies were world leaders in pharmaceuticals and high-tech goods such as bio and medical technology and machinery, research and development and innovation were stagnating. The report recommended tapping into the potential of rural regions and small firms, expanding innovative activities, increasing…

Hildebrand stands by Switzerland’s euro policy

This content was published on Jan 21, 2011 Hildebrand told a Club of Rome Forum in Zurich on Thursday night that the interventions between March 2009 and June 2010 were necessary at the time to combat the risk of deflation. He added that decisions about such measures were solely based on the central bank’s mandate to ensure price stability. The SNB announced last…

Market develops for stolen bank data

This content was published on Jan 20, 2011 Swiss lawyer and fraud specialist Christof Müller tells swissinfo.ch that a market has now developed for stolen client data. On Wednesday, Elmer was given a suspended fine after being found guilty of threatening his former employer Julius Bär and breaking Swiss secrecy laws. Elmer was then re-arrested in Zurich on charges of violating banking laws…

Whistle-blower re-arrested over WikiLeaks CDs

This content was published on Jan 19, 2011 The arrest by Zurich police on Wednesday followed Elmer’s appearance in a Zurich court, in which he was hit with a SFr7,200 ($7,500) suspended fine. He was found guilty of threatening his former employer and breaking Swiss secrecy laws. In a widely reported event on Monday he handed over two CDs to WikiLeaks founder Julian Assange…

Cabinet moots extending stimulus package

This content was published on Jan 19, 2011 Additional measures include pushing ahead free trade agreements with other countries to boost the export-oriented industry as well as additional funds for the Swiss tourism industry. Economics Minister Johann Schneider-Ammann told a news conference on Wednesday that the cabinet considered the situation of the strong franc against the euro was serious. However, he denied that…

Firms must adapt to emerging world order

This content was published on Jan 19, 2011 Companies that fail to restructure and diversify their operations to tap into billions of new consumers, and to hold powerful emerging competitors at bay, risk financial ruin, according to experts. “People have a tendency to think about China as an export power but most of the focus will be on supplying domestic demand – and…

Medvedev headlines star cast at WEF Davos

This content was published on Jan 19, 2011 Medvedev will deliver the opening speech at the five-day meeting, that runs this year under the banner: “Shared Norms for the New Reality”. Movers and shakers from politics, business, arts, religion and social movements will make up the 2,500 people attending the event. British Prime Minister David Cameron, French President Nicolas Sarkozy, German Chancellor Angela…

Bank whistle-blower stands trial

This content was published on Jan 19, 2011 It comes just two days after he handed WikiLeaks more client data. Shortly after the trial began, Elmer admitted that he had sent anonymous threatening letters to his ex-employer, Julius Bär bank, following intimidation. But he said bomb threats against the bank had not come from him. “I was in an extreme situation,” he said.…

Property prices expected to rise in 2011

This content was published on Jan 19, 2011 Since 1998, prices for condominiums have increased by 56 per cent, and by 37 per cent for single-family houses, the research division of the Swiss bank said on Wednesday. Property in the Lake Geneva area has increased more than six-fold over the past 24 years, and double in the Bern region. The same heady growth…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Biscuit hatchet buried in champagne wars

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Better regional policies could improve economy

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Hildebrand stands by Switzerland’s euro policy

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Market develops for stolen bank data

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Whistle-blower re-arrested over WikiLeaks CDs

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Cabinet moots extending stimulus package

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Firms must adapt to emerging world order

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Medvedev headlines star cast at WEF Davos

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Bank whistle-blower stands trial

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Property prices expected to rise in 2011

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