Archive – Banking & Fintech

New chip card aimed at boosting e-business

This content was published on May 3, 2010 “It has a huge potential and helps us to improve the competitive edge of Switzerland,” said Jean-Daniel Gerber, head of the State Secretariat for Economic Affairs (Seco), at a news conference on Monday. He said the introduction of the SuisseID card, which is also available as a USB stick, makes the use of multiple passwords…

Shanghai World Expo

This content was published on May 3, 2010 The World Expo in Shanghai is officially underway, with the Swiss exhibition attracting large crowds wanting to ride a ski lift to “mountains” and “meadows” installed on the roof. Blaise Godet, Switzerland’s ambassador to China, says the Swiss have a real advantage in that Switzerland is beautiful. But the pavilion hopes to go beyond the…

Greece faces “Herculean task”

This content was published on May 3, 2010 “Belt tightening”, “crash diet” and “bitter pill” were frequent phrases in editorials on Monday, a day after the European Union and the International Monetary Fund agreed on a €110 billion (SFr158 billion) aid rescue. Eurozone ministers, meeting in an emergency session, approved the three-year package of emergency loans after Greece committed itself to the painful…

Advisors step aside for e-private banking

This content was published on May 3, 2010 Switzerland’s oldest private bank, Wegelin, is now leading the Swiss pack in the use of new technology with the launch of Nettobank. Online trader Swissquote plans to offer a similar service in the next few months. Nettobank clients will initially be offered a limited range of funds after completing an online risk assessment profile and…

Figures confirm Swiss efforts to contain franc

This content was published on May 2, 2010 Official figures show that Switzerland’s foreign exchange reserves went up by SFr30.2 billion in the first quarter, with the central bank buying heavily into euros and selling Swiss francs. “The bank was very active in the first quarter”, the head of foreign exchange research at Credit Suisse, Marcus Hettinger told the NZZ am Sonntag newspaper,…

Smoke Signals

This content was published on May 1, 2010 Swiss tobacco production is on the decline; only about 400 farmers still grow this labour-intensive crop. Most of them are in the Broye Valley stretching across cantons Vaud and Fribourg. Their production covers only a small share of the tobacco consumed in Switzerland. (Text and images, Thomas Kern/swissinfo.ch)

Tightrope artist clinches world record

This content was published on Apr 30, 2010 Nock set a new world record for a tight-rope walk over open water. The 900 metre walk took him two hours, because of the wind. On several occasions he had to sit down when the wire swayed too much. The special wire was fasted to a crane at either end, and stabilised by supporting ropes…

SNB ready to defend against strong franc

This content was published on Apr 30, 2010 But Philipp Hildebrand, chairman of the central bank, said Switzerland maintains enough flexibility in its monetary policy to help counteract the damage a deflating euro could have on an economic rebound. If the euro loses stability in the wake of Greece’s financial troubles and the downgrading of Portuguese and Spanish debt, investors could flock to…

Credit Suisse taps own ranks to find new CFO

This content was published on Apr 30, 2010 Mathers came to the bank from HSBC in 1998 and is currently the chief operating officer. He is also the head of the Swiss bank’s investment banking division. Fassbind will remain a consultant for the bank, Credit Suisse said on Friday. He joined the bank in 2004 under former CEO Oswald Gruebel who is now…

Swiss economy sails steadily through the storm

This content was published on Apr 29, 2010 Switzerland is benefiting more from the global economy than other parts of Europe, economist Jan-Egbert Sturm tells swissinfo.ch. Sturm, who is head of the KOF Swiss Economic Institute in Zurich, argues that intervention from the Swiss National Bank is also playing a role to keep the franc from appreciating too much. Swiss exporters have complained…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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New chip card aimed at boosting e-business

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Shanghai World Expo

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Greece faces “Herculean task”

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Advisors step aside for e-private banking

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Figures confirm Swiss efforts to contain franc

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Smoke Signals

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Tightrope artist clinches world record

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SNB ready to defend against strong franc

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Credit Suisse taps own ranks to find new CFO

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Swiss economy sails steadily through the storm

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