Archive – Banking & Fintech

Study finds .ch a safe domain

This content was published on Dec 21, 2009 Domain names ending in .ch stand alongside those of Japan, Ireland, and Luxembourg as the safest, the report said. There is a 0.3 per cent risk ratio of downloading a virus by visiting a Swiss site. Cameroon, in stark contrast, tops the risk factor with a ratio of 69.7 per cent. Also high risk are…

Housing market remains on solid foundations

This content was published on Dec 21, 2009 The benign outlook is good news for Switzerland where the sure-footed nature of the housing market has contrasted to the carnage created by bursting bubbles in a host of other countries. While house prices have been crashing in countries such as the United States, Britain and Spain, the Swiss market has experienced above average growth…

HSBC executive says stolen data “incomplete”

This content was published on Dec 20, 2009 The data, taken by Herve Falciani, a former information technology specialist, in 2006 and 2007, has been handed over to French tax authorities and has cast doubt over the ratification of a tax treaty between the two countries. “What we have seen so far is a list with seven names. … The data from Falciani…

Swiss Post chair wants to grow revenues abroad

This content was published on Dec 20, 2009 “The Swiss Post must be like Nestlé,” Claude Béglé told the Sonntag newspaper, referring to the Vevey-based food giant, which does most of its business outside Switzerland’s borders. “It will in the future have a large headquarters in Switzerland, will develop products here, will pay taxes on its profits but to a large extent will…

Swiss banks should step up Islamic wealth drive

This content was published on Dec 19, 2009 However, the controversial vote and subsequent condemnation should serve as a warning for the Swiss finance industry to better serve the needs of Islamic clients, observers believe. Switzerland is waiting to see how far November’s referendum decision to ban the future construction of minarets will damage the country’s image and business interests. So far, only…

UBS clients appeal data sharing with US

This content was published on Dec 18, 2009 An avalanche of new appeals is expected in the coming weeks, as 500 cases regarding requests for judicial assistance from the US authorities were processed by the Swiss tax office by the end of November and those informed of the decision have 30 days to appeal. The 30-day limit has been interrupted by the Christmas…

Economy to pick up modestly in 2010

This content was published on Dec 18, 2009 In a report issued on Friday, KOF, which is part of the Federal Institute of Technology in Zurich, said Swiss GDP reached its nadir in mid-2009. In comparison with the previous year, the economy is expected to shrink by 2.9 per cent in 2009. KOF said the final figure for this year was an upward…

The secret of a Swiss sweet success

This content was published on Dec 18, 2009 The company which makes them, Kägi Söhne, is still based in Lichtensteig, a small village in northern Switzerland, where Otto Kägi first set up a bakery 75 years ago. swissinfo.ch went to the factory to take a look. Lichtensteig lies deep in the rolling Toggenburg countryside, not far from the abbey city of St Gallen.…

Rome extends amnesty for tax cheaters

This content was published on Dec 17, 2009 It is also increasing the fee to be paid on repatriated assets to six per cent, from the five per cent imposed under the “scudo III” amnesty, which ended on December 15 and was seen as hitting Swiss banks in the southern canton of Ticino. According to reports, assets worth more than €100 billion (SFr150.5…

History binds two very different towns

This content was published on Dec 16, 2009 And just to add to the confusion – New Bern is actually the oldest. swissinfo.ch paid a visit to the North Carolina town, which is celebrating its 300th birthday in 2010. The town, at the confluence of the Neuse and Trent rivers, was founded in 1710 by the Swiss, Christophe de Graffenried. It is only…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Study finds .ch a safe domain

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Housing market remains on solid foundations

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HSBC executive says stolen data “incomplete”

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Swiss Post chair wants to grow revenues abroad

More

Swiss banks should step up Islamic wealth drive

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UBS clients appeal data sharing with US

More

Economy to pick up modestly in 2010

More

The secret of a Swiss sweet success

More

Rome extends amnesty for tax cheaters

More

History binds two very different towns

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