Archive – Banking & Fintech

Worth a mint

This content was published on Nov 26, 2010 The Swiss Federal Mint’s origins go back to 1848, when the modern Swiss state was founded, and the prerogative of coinage passed from the cantons to the Confederation. The introduction of the Swiss franc, considered one of the world’s strongest currencies, also took place then. Since then, Swissmint, which is based in the capital Bern,…

Credit Suisse sued by UAE bank

This content was published on Nov 25, 2010 The lawsuit filed in New York – the second filed by the Abu Dhabi government-controlled bank – claims the Swiss bank as well as Standard &Poor’s rating agency failed to disclose conflicts of interest. The case, which dates back to 2007, involves a $153 million (SFr153.2 million) provision for losses from investment in the United…

Regulator flexes muscles to protect investors

This content was published on Nov 24, 2010 The news follows an announcement two weeks ago by the Financial Market Supervisory Authority (Finma) that it would crack down on operations giving misleading or false information on the products they sell. Small retail investors in Switzerland have long endured a rough ride at the hands of the country’s powerful financial sector, according to watchdogs.…

Chinese visitors get bank card service

This content was published on Nov 24, 2010 SIX Multipay, Switzerland’s biggest provider of systems for card-based payments, said it had concluded an agreement with China’s only bank card organisation, China UnionPay. According to a statement issued by SIX Multipay, there are currently about 2.1 billion China UnionPay cards in circulation. “Merchants that decide to accept UnionPay cards gain access to considerable sales…

UBS in firing line over Madoff fraud

This content was published on Nov 24, 2010 The complaint against UBS was filed in the US bankruptcy court in New York on Wednesday by Irving Picard, the trustee overseeing the liquidation of Madoff’s investment firm. Picard claims that UBS and “related entities and individuals” helped to spread Madoff’s pyramid scheme to European investors and played an important role in masking the fraud.…

Basel’s 16th-century superstar

This content was published on Nov 24, 2010 Instead Thurneysser used what was available to him in the 16th century: he made himself the subject of a stunning stained-glass window cycle. But such showing off did not go down well with the good burghers of Basel. The cycle is now the subject of the Thurneysser Superstar exhibition at Basel’s Kunstmuseum. Curator Bodo Brinkmann…

Swiss grandmas keep New Yorkers warm

This content was published on Nov 22, 2010 For fashion-conscious New Yorkers eager to look hot even when the weather is cool, the Swiss company Ikou Tschüss has an unconventional solution – high fashion hand knitted by Swiss Omas. “We work with Swiss grandmothers because they know how to knit really well. I can’t knit the way a grandmother can,” Carmen D’Apollonio, a…

United States market proves a legal minefield

This content was published on Nov 21, 2010 Pharmaceutical company Novartis paid $422 million (SFr420 million) in September, the same month that engineering concern ABB handed over $58.3 million. Zurich Financial Services paid $455 million in October, which means that Swiss bank UBS is not alone in losing out on the US market. UBS was handed a penalty of $780 million in a…

Federal Railways CEO expects annual price hikes

This content was published on Nov 21, 2010 CEO Andreas Meyer expects that in future, there will be annual increases in the cost of train travel in Switzerland. In a Sunday interview with the NZZ am Sonntag newspaper, Meyer said that customers would have to share the financial burden of investing in new infrastructure and trains – noting that the federal government had…

Household wealth returns to pre-crisis level

This content was published on Nov 19, 2010 In 2009, the net worth of households rose by 6.5 per cent to SFr2,595 billion ($2,615 billion), once again reaching its 2007 level. In addition to savings, the main reasons for the increase were a recovery in share prices and the continued rise in real estate prices, according to the SNB. The net worth per…

Page 581 of 1641

First … 579 580 581 582 583 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Worth a mint

More

Credit Suisse sued by UAE bank

More

Regulator flexes muscles to protect investors

More

Chinese visitors get bank card service

More

UBS in firing line over Madoff fraud

More

Basel’s 16th-century superstar

More

Swiss grandmas keep New Yorkers warm

More

United States market proves a legal minefield

More

Federal Railways CEO expects annual price hikes

More

Household wealth returns to pre-crisis level

Popular Stories

Most Discussed