Archive – Banking & Fintech

Roche cuts six per cent of workforce

This content was published on Nov 17, 2010 The posts – equal to six per cent of the group’s workforce – will be axed between 2011 and 2012, Roche said in a statement on Wednesday. In other staff movements, 800 jobs will be transferred to other Roche sites and 700 posts will be outsourced. The initiative is expected to result in annual cost…

Swiss gain from offshore company reshuffle

This content was published on Nov 16, 2010 Weatherford International starts trading on the Swiss stock exchange on Wednesday after moving operations from Bermuda and Houston last year. Besides tax breaks, Switzerland’s strengths in insurance and commodities are a strong magnet. Small offshore islands, such as Bermuda and the Caymans, have been the first tax havens targeted in a vigorous crackdown by US…

Wine bottle fetches record price at auction

This content was published on Nov 16, 2010 “We are absolutely delighted at the result obtained for this bottle of the legendary 1947 Château Cheval Blanc, sold for $304,375 (SFr 300,996),” said wine expert Michael Ganne, from the Christie’s auction house, which made the sale. Before the sale, Christie’s had put an estimated price of between $150,000 and 200,000 on the imperial –…

David Bennett of Sothebys explains why the pink diamond is such a draw

This content was published on Nov 16, 2010

John Doe summons against UBS withdrawn

This content was published on Nov 16, 2010 In a statement on Tuesday, the ministry said the withdrawal followed the substantial delivery of administrative assistance cases by Switzerland. By the end of August, the Federal Tax Administration had examined about 4,450 UBS client accounts under the agreement with the US. The delivery of data by Switzerland was largely completed by mid-November after expiry…

Swiss feel the pinch in their travels

This content was published on Nov 16, 2010 The Federal Statistics Office said in a study that Swiss residents were less keen on travelling within Switzerland for short stays, but continued to go on longer “classic” holidays abroad. The study found that journeys with overnight stays fell from 20 million in 2008 to 17 million in 2009. From 2003 to 2008 the number…

UBS discloses tax deal consequences

This content was published on Nov 16, 2010 At the same time, UBS confirmed its medium-term goals, saying it remained on course to reach an annual pre-tax profit of SFr15 billion. UBS has launched a large advertising campaign as it tries to win back clients who left the bank after it wrote down more than SFr50 billion on toxic assets in the credit…

Kambly biscuits celebrates centenary with pride

This content was published on Nov 15, 2010 Alongside the railway track, a steady stream of people come out of the Kambly shop at its factory with plastic bags full of Switzerland’s leading specialty biscuits. The brand is a household name and they are even sold at airports these days. It would be fair to say that Kambly and its biscuits are what…

One hundred years of baking biscuits

This content was published on Nov 15, 2010 The producer of biscuit specialities is this year celebrating its centenary. Here’s a look at the company, some of its history, the present day and the local surroundings.

G20 meeting makes limited headway

This content was published on Nov 12, 2010 Global leaders meeting in Seoul this week were more preoccupied with tackling the problem of volatile currencies and failed to find consensus on how to iron out global trade imbalances around the world. The 20 most influential world economies gathered in South Korea on Thursday and Friday in an effort to establish coordinated ground rules…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Roche cuts six per cent of workforce

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Swiss gain from offshore company reshuffle

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Wine bottle fetches record price at auction

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David Bennett of Sothebys explains why the pink diamond is such a draw

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John Doe summons against UBS withdrawn

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Swiss feel the pinch in their travels

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UBS discloses tax deal consequences

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Kambly biscuits celebrates centenary with pride

More

One hundred years of baking biscuits

More

G20 meeting makes limited headway

Popular Stories

Most Discussed