Archive – Banking & Fintech

Swiss CEOs see their pay go down

This content was published on Oct 1, 2009 Debate has been raging in Switzerland about executive salaries, which despite the drop remain high. Nevertheless, the survey rejected caps on compensation packages as counterproductive. The third survey of Executive Compensation and Corporate Governance by consultants PricewaterhouseCoopers of Switzerland was based on figures from 2008 and released in Zurich on Wednesday. It said that the…

Insurance for health goes up and up

This content was published on Oct 1, 2009 The Federal Health Office said the increase would vary from canton to canton, between 3.6 per cent and 14.6 per cent. The outgoing interior minister, Pascal Couchepin, who is responsible for health matters, described the increase as unsatisfactory and regrettable. But he added that the rise was better than had been expected earlier this year.…

Charitable donations hold firm despite downturn

This content was published on Sep 30, 2009 The total of Swiss charitable donations was SFr1.437 billion, SFr15 million more than the previous year, the annual donation statistics compiled by the charity certification office Zewo show. Some SFr830 million was donated by private individuals, the rest by associations, churches and companies. The contribution from legacies declined for the third year in a row,…

Exports see steepest decline in decades

This content was published on Sep 30, 2009 The sales slump affected all goods categories and most service categories, according to quarterly figures compiled by the Swiss National Bank. The receipts surplus from trade in goods and services contracted by SFr2 billion to SFr15 billion. Compared with the same quarter last year, receipts from foreign trade in goods declined significantly by 19 per…

Switzerland’s number of jobless rises

This content was published on Sep 29, 2009 The provisional findings of the Swiss Labour Force Survey, carried out by the Federal Statistics Office, represent a marked increase from one year earlier, when the rate stood at 3.4 per cent. Despite the rise, the rate remains low in international comparison. The average unemployment rate in European Union countries rose from 6.8 per cent…

Marchionne and Voser to quit UBS board

This content was published on Sep 29, 2009 Fiat boss Sergio Marchionne and Royal Dutch Shell chief executive Peter Voser will not stand for re-election at the next UBS general assembly, on April 14, 2010. “Sergio Marchionne and Peter Voser would both like in future to focus on their current demanding management positions and have therefore decided not to seek any further mandates…

Swiss reluctant to confront glacier-less Alps

This content was published on Sep 28, 2009 The study by the Swiss foundation for the protection of the countryside was presented at a two-day conference on the impact of melting glaciers on Swiss mountain regions, held at Crans-Montana in canton Valais. According to the survey, around 90 per cent of communities living near glaciers benefit from them via tourism, or meltwater used…

Popular TGV service to expand fleet

This content was published on Sep 26, 2009 But services on the under-used Bern-Paris line will be halved from December, Swiss Railways and SNCF subsidiary TGV Lyria announced on Saturday. TGV Lyria announced plans to buy 13 new TGV trains by 2013 at a total cost of SFr600 million ($583 million). An invitation to tender will be published in the coming weeks. TGV…

Calmy-Rey says Switzerland should join G20

This content was published on Sep 25, 2009 In an interview on the Tagesschau television news programme, Calmy-Rey said on Friday evening that Swiss representatives were speaking with other nations about joining the group of 20 of the world’s major economies. Switzerland is the seventh-largest financial centre in the world but not among the top 20 leading economies. Nevertheless, the foreign minister said…

Experts disagree over course of economy

This content was published on Sep 25, 2009 The Swiss Economic Institute (KOF) revised its forecast down on Friday by predicting gross domestic product (GDP) will sink by 3.4 per cent. Government figures, released on Tuesday, predicted a 1.7 per cent drop year on year. The State Secretariat for Economic Affairs (Seco) had actually painted a more optimistic picture than during the summer,…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss CEOs see their pay go down

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Insurance for health goes up and up

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Charitable donations hold firm despite downturn

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Exports see steepest decline in decades

More

Switzerland’s number of jobless rises

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Marchionne and Voser to quit UBS board

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Swiss reluctant to confront glacier-less Alps

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Popular TGV service to expand fleet

More

Calmy-Rey says Switzerland should join G20

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Experts disagree over course of economy

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