Archive – Banking & Fintech

Motor industry gears up for green revolution

This content was published on Mar 10, 2009 Executives are hoping that a new greener fleet of vehicles can open wallets and kick start the stalled motor industry, which is experiencing its worst slump in sales for 35 to 50 years. The drive towards fuel economy, cleaner emissions and new technology is in full display in Geneva. Nearly all stands boast cars with…

Equal pay for women still not a reality

This content was published on Mar 10, 2009 They said March 10 was not a random date. Added to a full year’s salary, it was how long a woman in Switzerland had to work into 2009 until she earned the same amount that her male colleague had by the end of 2008. Men in Switzerland earn 19 per cent more than women. The…

Media raise doubts over UBS salary caps

This content was published on Mar 10, 2009 The House of Representatives on Monday decided to approve a SFr700 million ($604 million) credit package and steps to cap salaries of top managers at the ailing UBS bank. The other parliamentary chamber, the Senate, will discuss the issue on Wednesday. The Bern-based Der Bund newspaper saw the calls by the House to interfere in…

Onshore banking grows as offshore row rumbles

This content was published on Mar 9, 2009 But the strategy of servicing well-heeled clients in their own backyards has as much to do with meeting new demand for services as with fears over the future of offshore banking, an expert believes. Switzerland has been at the centre of a growing international dispute linking banking secrecy and tax evasion. Bank UBS has been…

Stimulus package wins approval

This content was published on Mar 9, 2009 The parliamentary chamber approved the measures, focussing on infrastructure projects, by a large majority – 156 votes to 36 – late on Monday. It is the second large government spending plan since last November when the cabinet released SFr980 million to boost private investment and prevent job cuts. The unemployment rate currently stands at 3.4…

IMF praises central bank policy

This content was published on Mar 9, 2009 Presenting a report on Switzerland in Bern on Monday, the IMF’s Paul Hilber said the SNB had left itself room to manoeuvre despite low interest rates. But the IMF said Switzerland would not escape the downturn due to its dependence on the global economy. Hilber said gross domestic product would fall by at least two…

Virtual workplace wins Red Herring

This content was published on Mar 9, 2009 With no shared server or file system, maintaining an overview of documents, emails and tasks can be a headache – making group project work a real challenge. Convinced that there had to be a better way, a Zurich-based software company has created a solution that is simplifying the lives of thousands of people. That solution,…

“We shall not stay long” – swissinfo special on the largest ever wave of emigration from southern Switzerland

This content was published on Mar 9, 2009 The 19th and early 20th centuries saw tens of thousands of people emigrate abroad from remote areas of Ticino and the Italian-speaking valleys of Graubünden. They journeyed to Australia, the United States and to other countries in Europe in search of a better life. swissinfo.ch is devoting a multimedia special – in English and Italian…

Credit Suisse and Swiss Re shuffle boards

This content was published on Mar 9, 2009 Hans-Ulrich Doerig, vice-chairman at Credit Suisse, will take replace Kielholz, who will stand for re-election as a member with no functional duties. Kielholz leaves Switzerland’s second-largest bank to replace Peter Forstmoser, who will resign from the board on May 1, Swiss Re said. Swiss Re, the world’s largest reinsurer announced a 2008 loss of SFr864…

Czech minister supports Swiss in secrecy row

This content was published on Mar 8, 2009 His comments come as Swiss Finance Minister Hans-Rudolf Merz met his Austrian and Luxembourg counterparts on Sunday to discuss how to deal with attacks on banking secrecy. Schwarzenberg, whose country currently holds the rotating European Union presidency, told the NZZ am Sonntag newspaper that people should not try to “break” Swiss tradition. “Certainly a couple…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Motor industry gears up for green revolution

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Equal pay for women still not a reality

More

Media raise doubts over UBS salary caps

More

Onshore banking grows as offshore row rumbles

More

Stimulus package wins approval

More

IMF praises central bank policy

More

Virtual workplace wins Red Herring

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“We shall not stay long” – swissinfo special on the largest ever wave of emigration from southern Switzerland

More

Credit Suisse and Swiss Re shuffle boards

More

Czech minister supports Swiss in secrecy row

Popular Stories

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