Archive – Banking & Fintech

Swiss showcase sustainable building technologies

This content was published on Mar 1, 2010 For the first time Switzerland will showcase five innovative companies of varying size and experience in the Swiss Pavilion. The Swiss exhibitors have been looking to establish a presence in the British construction market for some time and are driven by an ambition to achieve maximum energy savings in buildings. Despite tough economic conditions, interest…

Were Swiss outmanoeuvred in tax evasion scrum?

This content was published on Feb 28, 2010 With the market now worth an estimated $13.7 trillion (SFr13 trillion), Swiss financial journalist Myret Zaki asks in her new book, Banking Secrecy is Dead, Long Live Tax Evasion (Le secret bancaire est mort, vive l’évasion fiscale), who is really benefitting most from tax evasion. Her conclusion: British jurisdictions, where trusts are thriving. These secretive…

Former Swisscom exec examined in money scam

This content was published on Feb 27, 2010 Mario Rossi left Swisscom in 2007 to become Fastweb’s CFO, where he worked until September 2009. In 2007, Swisscom bought an 82 per cent stake in Fastweb in a deal worth €3.1 billion, or SFr 5.2 billion at the exchange rate at the time. Between 2003 and 2006 investigators suspect Fastweb workers used phony international…

Germans buy CD of tax cheater data

This content was published on Feb 26, 2010 A spokesman for the finance ministry of North Rhine Westphalia confirmed on Friday that the disc now rests with justice authorities in the western German state. He did not disclose how much officials paid for the information. Word of the disc’s existence first surfaced in January in German media, which reported that an unknown person…

Swisscom caught up in Italian tax scam probe

This content was published on Feb 26, 2010 The probe into former and present Fastweb employees has already caused reputational damage to the firm, which could translate into serious business implications for mother company Swisscom. The international investigation has also focused on banks in Lugano, in the southern Swiss canton of Ticino. The financial centre has frequently been accused of hiding the assets…

Sites targeted for nuclear waste storage

This content was published on Feb 26, 2010 The Federal Nuclear Safety Inspectorate confirmed on Friday a list of sites proposed in 2008 and analysed by the National Cooperative for the Disposal of Radioactive Waste (Nagra). They include areas in cantons Schaffhausen, Zurich, Aargau, Thurgau, Solothurn and Nidwalden. The federal government will make a final decision on where nuclear waste should be stored…

Swiss seek fix to black assets in bilateral talks

This content was published on Feb 25, 2010 Finance Minister Hans-Rudolf Merz said integrity and stability of the financial centre were crucial. The cabinet aims to find solutions in bilateral talks with other countries rather than seeking an agreement with the European Union – its main trading partner. The cabinet did not specify a preference for extending an existing withholding tax on income…

Finance ministry backs swissinfo budget cuts

This content was published on Feb 25, 2010 Financial subsidies to the multimedia internet portal swissinfo.ch would go as part of SFr525 million ($483 million) in savings planned for the environment, transport, energy and communication ministry. SFr130 million would be cut from the field of media. The plans will have to be confirmed by the cabinet in June and would need to go…

Small firms steer course for calmer water

This content was published on Feb 25, 2010 A pulse check of smaller firms by UBS banks has shown signs of optimism in some sectors. And the rate of start-ups is beginning to edge up as economic conditions start to look rosier for doing business. The UBS SME barometer revealed that firms in the industrial and service sectors are confident that turnover will…

Sulzer takes a hit

This content was published on Feb 25, 2010 The company, one of the oldest in Switzerland, added on Thursday that as a result of restructuring costs net profit sank by 16.3 per cent to SFr270.4 million. Of its four divisions, only Sulzer Pumps made a profit, with turnover up 2.2 per cent. Sulzer Metco and Sulzer Chemtech both dropped by around a quarter…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss showcase sustainable building technologies

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Were Swiss outmanoeuvred in tax evasion scrum?

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Former Swisscom exec examined in money scam

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Germans buy CD of tax cheater data

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Swisscom caught up in Italian tax scam probe

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Sites targeted for nuclear waste storage

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Swiss seek fix to black assets in bilateral talks

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Finance ministry backs swissinfo budget cuts

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Small firms steer course for calmer water

More

Sulzer takes a hit

Popular Stories

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