Archive – Banking & Fintech

Super rich get richer in 2010

This content was published on Dec 3, 2010 Their total wealth amounts to SFr470 billion, according to annual figures published by the economics magazine Bilanz and its French-language partner Bilan. Leading the ranking for the ninth consecutive year is the Swedish founder of the Ikea furniture empire, Ingvar Kamprad. His wealth is an estimated SFr35-SFr 36 billion. In second place come the Hoffmann…

“Society needs whistle-blowers”

This content was published on Dec 2, 2010 Elmer, 55, ran the Caribbean operations of Swiss private bank Julius Bär for eight years until he was dismissed in 2002. He then moved to Mauritius and began sending global tax authorities what he said were the secrets of his former employer. Wikileaks eventually published documents exposing allegedly illegal activities by Julius Bär clients in…

Geneva airport closed until Thursday

This content was published on Dec 1, 2010 Passengers are asked not to come to the airport. The Euroairport that services Basel was also closed, while Zurich airport reported delays and cancellations. The Geneva airport was first closed to air traffic on Tuesday evening. Those wanting to travel were offered accommodation in the Geneva region as there were no rooms free in the…

Cheese!

This content was published on Dec 1, 2010 Deep under the rocks, 50,000 cheeses are left to ripen for more than 300 days. Photographer Markus Bühler-Rasom went to investigate the making of this delicacy and took portraits of farmers, cheese-makers and the “cavemen” who are behind the classic recipes.

Disasters cause highest death toll in 34 years

This content was published on Nov 30, 2010 The world’s second-largest reinsurer said the worldwide economic losses from such disasters cost $222 billion (SFr221 billion), more than triple the 2009 figure. The costliest event in 2010 was the earthquake in Chile in February, which cost the insurance industry $8 billion, according to preliminary estimates. Property claims from the explosion on the Deepwater Horizon…

Der lange Weg nach Kaltbach – ORIGINAL

This content was published on Nov 30, 2010 Tief im Felsen reifen über 50’000 Käselaibe über 300 Tage lang. Der Fotograf begab sich auf die Spuren einer Schweizer Delikatesse und zeigt uns den Weg von den saftigen Wiesen des Juras und Emmentals, den Käsereien und deren traditionellem Handwerk bis hin zur einzigartigen Lagerung. Die Portraits von Bauern, Käsern und Höhlenarbeitern erzählen die Geschichte…

ABB spends SFr4.2bn on US firm

This content was published on Nov 30, 2010 The agreed price of $63.50 a share represented a 41 per cent premium to Baldor’s closing price on November 29, ABB, the world’s largest builder of electricity networks, said on Tuesday. The company, which also builds robots for industrial use, expected more than $100 million in annual cost synergies and global revenue synergies of the…

Swissmem head calls for Switzerland to be open

This content was published on Nov 27, 2010 Hans Hess, who took over the position from the now economics minister Johann Schneider-Ammann on November 18, said in an interview that the country should not, as some sectors wanted, “put itself under a cheese cover”. Switzerland can only face the challenges of the economic crisis with the aid of others, Hess told the Finanz…

Swiss urged to leave wallets at home

This content was published on Nov 27, 2010 swissinfo.ch speaks to the Swiss event’s organiser, the founder of a Buy Nothing Christmas initiative and asks a retail expert whether it’s all just a waste of time. “The philosophy is to object to the current trend, dictated to us by most Western governments, that a good citizen is one who buys a lot,” said…

Regulator Finma defends actions in UBS crisis

This content was published on Nov 26, 2010 A parliamentary report in May said the government failed to act quickly to prevent the bank’s credit woes and had exerted pressure on the regulator to order UBS to hand over client data from about 4,450 accounts to United States tax authorities. The watchdog – the Swiss Financial Market Supervisory Authority (Finma) – argued in…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Super rich get richer in 2010

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“Society needs whistle-blowers”

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Geneva airport closed until Thursday

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Cheese!

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Disasters cause highest death toll in 34 years

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Der lange Weg nach Kaltbach – ORIGINAL

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ABB spends SFr4.2bn on US firm

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Swissmem head calls for Switzerland to be open

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Swiss urged to leave wallets at home

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Regulator Finma defends actions in UBS crisis

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