Archive – Banking & Fintech

Swiss Post “must not cut” services

This content was published on Jul 7, 2010 Presenting his annual report for 2009, Marc Furrer said that although more letters had arrived more punctually last year, ongoing cuts were alienating customers. “Service to citizens should not be subject to more savings,” Furrer told the media on Wednesday. Examples from abroad have shown that opening up the market should not mean cuts at…

Banks snub ombudsman’s Lehman complaints

This content was published on Jul 7, 2010 The 14 per cent increase in gripes to 4,757 was dominated by the sale and subsequent failure of products linked to failed banks Lehman Brothers and Kaupthing. But a quarter of complaints sent on to banks were met with a brick wall. Banking ombudsman Hanspeter Häni told a conference in Zurich on Tuesday that most…

Swiss remain top rail users

This content was published on Jul 6, 2010 Each Swiss resident travelled 2,291 kilometres, equivalent to the distance from Bern to Moscow, said the public transport umbrella organisation Litra. The Japanese, who came second, covered only 1,995km. The next best placed in Europe were the French, who each travelled 1,370km. However, the Japanese took the train more often than the Swiss, with each…

Prices fall further in June

This content was published on Jul 6, 2010 The drop affected mainly costs for clothing, shoes and transport. the Federal Statistics Office said on Tuesday. The beginning of the summer sales and the weakening of the cost of fuel oils brought the index down. Year-on-year the inflation rate was 0.5 per cent, compared with annualised rates of 1.1 per cent in May 2010.…

Switzerland in eye of Bettencourt-Woerth storm

This content was published on Jul 5, 2010 French Labour Minister Eric Woerth, who has led a high-profile clampdown on tax evasion against Switzerland, has been linked to the bitter inheritance suit involving L’Oreal heiress Liliane Bettencourt, who is suspected of tax dodging. The affair began when Françoise Bettencourt-Meyer, the estranged only daughter of 87-year-old Liliane, filed a complaint against celebrity photographer Francois-Marie…

Railway cargo scheme gets on track

This content was published on Jul 5, 2010 The independent company will handle transalpine freight travelling along the north-south corridor between Germany and Italy. Hupac, an intermodal freight operator, will hold a 25 per cent stake in the new company; the cargo division of Swiss Federal Railways will hold the remaining 75 per cent. The new firm will provide 480 jobs, but the…

Swiss look to Asia for closer trade ties

This content was published on Jul 5, 2010 The visits by Leuthard, who also holds the rotating Swiss presidency, are part of the government’s strategy to develop closer ties with the two key countries. Indonesia is “above all a market of 230 million consumers and very attractive growth rates of about six per cent”, says Massimo Baggi who heads the Asia/Oceania desk at…

Finma warns of real estate bubble

This content was published on Jul 4, 2010 Patrick Raaflaub, head of the financial market supervisory authority (Finma), says low interest rates, strong demand for housing in some regions of the country and a conviction among potential buyers that real estate investments are not a risk were the perfect ingredients for a bubble. It leads to a rapid increase in valuations of real…

Tribute paid to late watch king Hayek

This content was published on Jul 3, 2010 Representatives from the world of politics, business and entertainment were among the guests at the public ceremony in the Swiss capital, Bern on Saturday. President Doris Leuthard praised Hayek as an ambassador for Switzerland and a source of inspiration for politicians. Other speakers included Swiss astronaut Claude Nicollier and the president of the International Olympic…

Swiss horse breed faces uncertain future

This content was published on Jul 2, 2010 The procession includes elegant carriages, plain wagons, a pony-drawn pleasure cart, and a beefy stagecoach. It is a fairly quiet afternoon, so the clattering hooves, the neighing, snorting and occasional whinny attract quite some attention. But they are not there for the spectacle: they have come to fight for their future. As the procession passes…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss Post “must not cut” services

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Banks snub ombudsman’s Lehman complaints

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Swiss remain top rail users

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Prices fall further in June

More

Switzerland in eye of Bettencourt-Woerth storm

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Railway cargo scheme gets on track

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Swiss look to Asia for closer trade ties

More

Finma warns of real estate bubble

More

Tribute paid to late watch king Hayek

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Swiss horse breed faces uncertain future

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