Archive – Banking & Fintech

Roche and RBC named “most unscrupulous” firms

This content was published on Jan 27, 2010 Presented on the sidelines of the World Economic Forum (WEF) meeting in the Swiss resort, the annual awards are intended to remind big global players that socially and environmentally destructive business practices have consequences – in this case for the image of the company. In the words of the organisers, the Berne Declaration and Greenpeace…

UBS chairman unhappy with court ruling on tax

This content was published on Jan 27, 2010 Villiger was reacting to a ruling by the Federal Administrative Court last week that the transfer of customer data broke the law. His comments were published by the German-language Tages-Anzeiger newspaper on Wednesday. The court decision has cast doubt on the agreement reached between the authorities in the US and Switzerland last year under which…

Surprise Novartis CEO seen as “logical” choice

This content was published on Jan 27, 2010 Joe Jimenez, a 50-year-old American two years into his tenure as CEO of the pharmaceuticals division, was handed the job on Tuesday after chief executive Daniel Vasella announced he was stepping down on February 1. Vasella, 56, has held the job for 14 years and will remain chairman. Chief operating officer Jörg Reinhardt, who had…

Head of WEF security in apparent suicide

This content was published on Jan 26, 2010 The 61-year-old, responsible for security at the annual talking shop for business leaders, international political leaders, intellectuals and journalists, was found lifeless in his Davos hotel room on Tuesday morning. The police chief took over the Graubünden force in 1984, having previously worked as a cantonal investigating judge. Further details of the death were unavailable.…

WEF changes its face but not its soul

This content was published on Jan 26, 2010 The scale of the WEF Davos 2010 meeting is now much larger than the inaugural European Management Symposium in 1971, but the concept is still to discuss economic and social challenges facing the world. Four decades ago WEF founder Klaus Schwab saw the need to bring together European business leaders and United States counterparts and…

Right wing launches three people’s initiatives

This content was published on Jan 26, 2010 The backers have until July 2011 to collect the necessary 100,000 signatures per initiative to force a national vote on the issues involved. The rightwing Swiss People’s Party has put forward two of the initiatives – on equal taxation for stay-at-home parents and the election of members of cabinet by popular vote. The party’s members…

Novartis changes CEO amid record results

This content was published on Jan 26, 2010 The announcement on Tuesday came as the Basel-based group reported record results in 2009. It posted a profit of $8.4 billion (SFr8.7 billion), up four per cent compared with last year. Novartis also reported that the board of directors had appointed the head of its global pharmaceuticals division, Joe Jimenez, to succeed Vasella, who will…

Public Eye keeps close watch on Davos

This content was published on Jan 25, 2010 On Wednesday, Berne Declaration and Greenpeace Switzerland will present the Public Eye Awards on the WEF sidelines. The event organisers will hand out awards in “Global”, “Swiss” and People’s categories, and for the first time a “Greenwash” prize will be given to a firm that uses a “social-environmental fig leaf” to make it look greener…

Clariant announces another 500 job cuts

This content was published on Jan 25, 2010 The Basel-based firm cut more than 3,000 of its workforce last year, and at the end of 2009 employed less than 18,000 people worldwide. A Clariant spokesman confirmed the report in the Sonntag newspaper, saying that employees at Swiss plants could also be affected by the measure. The Swiss company, along with many in the…

Arab green energy drive offers opportunity

This content was published on Jan 24, 2010 The time is ripe for advanced Swiss technology to reap windfall rewards from a drive to construct more energy efficient buildings, according to experts based in the United Arab Emirates (UAE). The oil and gas rich states have already been identified as lucrative business partners by a host of well known Swiss firms in the…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Roche and RBC named “most unscrupulous” firms

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UBS chairman unhappy with court ruling on tax

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Surprise Novartis CEO seen as “logical” choice

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Head of WEF security in apparent suicide

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WEF changes its face but not its soul

More

Right wing launches three people’s initiatives

More

Novartis changes CEO amid record results

More

Public Eye keeps close watch on Davos

More

Clariant announces another 500 job cuts

More

Arab green energy drive offers opportunity

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