Archive – Banking & Fintech

Cisalpino reaches end of the line

This content was published on Sep 25, 2009 The subsidiary of Swiss Federal Railways and Trenitalia, Italy’s government-owned rail service, will cease operations on December 13, it was announced on Friday. In September, the Federal Transportation Office had threatened to cut the service if quality didn’t improve. Cisalpino was founded in 1993. The two companies had in recent months discussed improvements of the…

Banks oppose plan for pay restrictions

This content was published on Sep 25, 2009 Finma, the country’s financial regulator, proposed rules in June to force banks to link bonuses to long-term performance. On Friday, the body published the banks’ responses. The Swiss Bankers Association said it supported the general direction of the proposals but said they went too far in interfering with company policy and that small institutions would…

Ticking away

This content was published on Sep 25, 2009

Switzerland set to allow alcohol ads

This content was published on Sep 24, 2009 The Senate yielded on Thursday to calls from the House of Representatives to change the rules that until now have only allowed local stations to air alcohol ads. Under current law the public national Swiss Broadcasting Corporation was forbidden to broadcast such commercials on Swiss airwaves, even when the ads originated in a country that…

Switzerland and US sign tax deal

This content was published on Sep 23, 2009 The DTA signed in Washington will make it easier for the two countries to exchange banks’ customer information. The agreement conforms to Article 26 of the Model Tax Convention of the Organisation for Economic Co-operation and Development (OECD), which creates an obligation for countries to share relevant data for tax enforcement. Earlier this year Switzerland…

Amnesty extended as tax dodgers stampede

This content was published on Sep 22, 2009 The US tax agency, the Internal Revenue Service (IRS), this week gave tax dodgers another month, until October 15, to voluntarily declare their hidden assets and escape the worst punishments. Clients of UBS are among those being hunted by the IRS after the Swiss bank admitted some advisors had helped US account holders evade taxes…

Milk protests spread across Switzerland

This content was published on Sep 22, 2009 Since the beginning of the year, the price of milk in Switzerland has fallen by an average of 30 per cent. Swiss farmers currently earn SFr0.55 ($0.58) for each litre of milk produced – half the amount of ten years ago. On Monday around 200 milk producers and 100 tractors blocked the entrance of the…

Economy improving but slow recovery forecast

This content was published on Sep 22, 2009 There will be a weaker decline of the gross domestic product (GDP) than was predicted, down 1.7 per cent compared with a 2.7 per cent contraction forecast in June, according to the quarterly economic tendencies report published by the State Secretariat of Economic Affairs (Seco) on Tuesday. The GDP decline will be the strongest annual…

Lausanne votes on north-south urban revamp

This content was published on Sep 22, 2009 Métamorphose is one of a number of recent high-profile development projects in Lausanne – a city with a population of 250,000 that is expected to welcome another 100,000 inhabitants by 2020. So as not to lose out to other regions, the city on Lake Geneva is being forced to reinvent itself; the authorities have agreed…

US tax authorities extend deadline

This content was published on Sep 21, 2009 A number of those affected will be wealthy Americans, who had placed their money in Swiss UBS bank to avoid paying taxes. Originally a deadline of September 23 was set for the amnesty, under which anyone who had undeclared assets in a foreign bank would receive reduced penalties if they informed the authorities about what…

Page 671 of 1641

First … 669 670 671 672 673 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Cisalpino reaches end of the line

More

Banks oppose plan for pay restrictions

More

Ticking away

More

Switzerland set to allow alcohol ads

More

Switzerland and US sign tax deal

More

Amnesty extended as tax dodgers stampede

More

Milk protests spread across Switzerland

More

Economy improving but slow recovery forecast

More

Lausanne votes on north-south urban revamp

More

US tax authorities extend deadline

Popular Stories

Most Discussed