Archive – Banking & Fintech

The stuff of life

This content was published on Apr 28, 2009 Closely linked to the Swiss identity, milk was elevated to the status of national beverage during the 20th century. Published in French and German, the book “Milk for all” or “Du lait pour tous” (Hier+Jetzt, Baden) looks back at the history of the Swiss milk industry from state control to liberalisation. (Pictures from the book)

Ackermann to stay at Deutsche Bank helm

This content was published on Apr 28, 2009 The Swiss banker had insisted in February that he would quit the post at Germany’s biggest bank when his current contract expires in 2010. The new extension to his contract, which is to be formally settled after the board meets on July 28, will run until 2013. “Ackermann has strategically and successfully guided the bank…

Expo gives expat businesses a boost

This content was published on Apr 27, 2009 There were more than 80 exhibitors at the show for English-speaking residents of Switzerland, which took place in the central Swiss canton on Sunday, with wares ranging from culinary delights to school and relocation services. Many firms are one- or two-person enterprises. “We feel it’s really important to represent the small companies because that’s why…

UBS names investment bank joint-CEOs

This content was published on Apr 27, 2009 Johansson, who joined UBS a year ago as a member of the bank’s group executive board, has resigned with immediate effect. Alex Wilmot-Sitwell, joint global head of the investment banking business since 2005, and Carsten Kengeter, global head of fixed income, currencies and commodities at UBS Investment Bank, will serve as co-chief executives. CEO Oswald…

Vienna pips Zurich in city ranking

This content was published on Apr 26, 2009 The Austrian capital, Vienna, came first in the latest list of the Mercer consulting group ahead of two Swiss cities, Zurich and Geneva. Vancouver in Canada, and Auckland, New Zealand, tied in fourth place, while the Swiss capital, Bern, came ninth. Bottom of the table was – as in previous years – the Iraqi capital,…

Merz links tax deal with UBS legal case in US

This content was published on Apr 26, 2009 Merz met his US counterpart, Timothy Geithner, on the fringes of the annual meeting of the International Monetary Fund and the World Bank in Washington. Merz said he was optimistic about the chances of a successful conclusion of negotiations on a new double taxation agreement with the US. The talks are scheduled to begin in…

“Banking secrecy has its roots in Calvinism”

This content was published on Apr 26, 2009 Xavier Comtesse, who heads the western Swiss branch of Avenir Suisse, says Calvin stood for morality in the granting of credit, but also for protection of the personal sphere. This year marks the 500th birthday of the religious reformer whose ideas shaped the Protestant Church. In his honour Protestant denominations have designated 2009 Calvin Year.…

Prison term for ex-banker increased

This content was published on Apr 24, 2009 The court in the northern Swiss city sentenced the 38-year-old unnamed man to three months in jail for giving German authorities details of 45 clients. He passed on the information while in detention in Germany on suspicion of fraud. Prosecutors lodged an appeal after considering an original 30-day prison sentence handed down in November 2007…

Swiss CEO changes seats to Lufthansa

This content was published on Apr 23, 2009 Franz would also oversee the company’s main business, passenger airlines, Lufthansa said on Thursday. German media have speculated that the 48-year-old German is a leading candidate to succeed Lufthansa CEO Wolfgang Mayrhuber, who retires next year at the age of 63. Franz has been with Swiss since 2004, a year before Lufthansa bought the company…

Credit Suisse puts global competition in shade

This content was published on Apr 23, 2009 The bank continues to attract new money from wealthy clients, but the key to success has been an impressive investment banking performance – the very activity that brought the industry to its knees. The news from Credit Suisse provides one of the few rays of hope for a banking industry still mired in the aftermath…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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The stuff of life

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Ackermann to stay at Deutsche Bank helm

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Expo gives expat businesses a boost

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UBS names investment bank joint-CEOs

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Vienna pips Zurich in city ranking

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Merz links tax deal with UBS legal case in US

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“Banking secrecy has its roots in Calvinism”

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Prison term for ex-banker increased

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Swiss CEO changes seats to Lufthansa

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Credit Suisse puts global competition in shade

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