Archive – Banking & Fintech

Holcim found innocent in Mexico poisoning cases

This content was published on Oct 19, 2010 A civil movement in the city blockaded the Ecoltec factory earlier this year and the non-profit Pro Salud health organisation had accused the company of laying illegal drainage pipes which carried effluent from Mexico City into the River Salado. According to the country’s national water commission Conagua, which conducted an investigation into the allegations, there…

World’s highest lighthouse shines in the Alps

This content was published on Oct 19, 2010 A lighthouse isn’t what visitors expect to see on a mountain pass – and that’s exactly why it’s there. The Disentis-Sedrun tourist office, which covers the Oberalp area, wants it to be a talking point. The Oberalp pass, 2,046 metres above sea level, which links the central Swiss tourist resort of Andermatt with the Surselva…

Luxury call girls hook rich clients in Zurich

This content was published on Oct 16, 2010 Yet this won’t be necessary for the city’s other breed of prostitute – the luxury escort. Unlike hookers, who stand in the cold waiting for a car to climb into, these women often meet their clients in fancy hotels. There are several escort agencies based in Zurich and many of them target wealthy businessmen. “Experience…

GOTTHARD_BLOG_GAL_15102010

This content was published on Oct 15, 2010

Sunrise sale given green light

This content was published on Oct 15, 2010 The commission said on Friday that the SFr3.3 billion ($3.45 billion) deal, which should be concluded during the final quarter of 2010, would not structurally alter the dynamics of the mobile telephone market in Switzerland. Sunrise is owned by the Danish TDC Group, which has been trying for some time to part ways with its…

Ex-UBS chiefs dodge legal action – for now

This content was published on Oct 14, 2010 No shareholders had come forward to claim damages against ex-UBS chairman Marcel Ospel and other managers in time for the first deadline on Thursday. UBS itself has defended its decision not to launch legal proceedings. UBS endured a dramatic fall from grace during the financial crisis and was the worst hit European bank, writing down…

UBS reveals shortcomings during crisis

This content was published on Oct 14, 2010 In a report released on Thursday, UBS said it would not take legal action against its previous management despite the shortcomings. “What happened shouldn’t have been allowed to happen, and with our decision to refrain from legal proceedings, we don’t want to gloss over the mistakes made by UBS or absolve those involved of their…

End of drilling ban boosts Transocean shares

This content was published on Oct 13, 2010 The company hit the headlines in April, when the Deepwater Horizon rig it had leased to BP exploded and sank in the Gulf of Mexico, triggering billions of dollars of damage. Transocean shares were up by 3.86 per cent at the end of the trading day at the Zurich stock exchange. A broker told the…

Cabinet moves ahead with “too big to fail”

This content was published on Oct 13, 2010 It announced on Wednesday that it was now instructing the finance ministry to prepare a draft consultation paper by the beginning of next year, adding that the commission’s final report was a “good basis for drafting a bill”. The commission was set up after the government had to bail out UBS in October 2008 because…

Giving businesses early warning on corruption

This content was published on Oct 13, 2010 Steering clear of laundered money, organised crime, bribery and trading sanctions is a priority. One enterprise, formed to help Swiss banks comply with money laundering rules, specialises in keeping firms out of hot water. Despite their best efforts, many multinationals still sometimes find themselves on the wrong side of the law. This year, Swiss firm…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Holcim found innocent in Mexico poisoning cases

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World’s highest lighthouse shines in the Alps

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Luxury call girls hook rich clients in Zurich

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GOTTHARD_BLOG_GAL_15102010

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Sunrise sale given green light

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Ex-UBS chiefs dodge legal action – for now

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UBS reveals shortcomings during crisis

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End of drilling ban boosts Transocean shares

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Cabinet moves ahead with “too big to fail”

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Giving businesses early warning on corruption

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