Archive – Banking & Fintech

Economic woes to mark parliament session

This content was published on Mar 2, 2009 Politicians will not only discuss policy for the country’s largest bank, UBS, and banking secrecy but the two chambers are also set to decide on the government’s proposed stimulus package to stabilise the economy. The handing over of confidential client data by UBS to the United States justice authorities has prompted a public debate over…

Banking secrecy

This content was published on Feb 27, 2009 The Swiss banking secrecy crisis seen by cartoonists from Switzerland and elsewhere.

Roth to step down from helm of central bank

This content was published on Feb 27, 2009 Roth announced on Friday that he would resign at the end of the year with no successor being named. He will depart in the midst of a global recession having taken measures to shore up the Swiss economy. Roth took up his position in 2001 and his reign was sandwiched between two periods of economic…

Banking secrecy faces an uncertain future

This content was published on Feb 26, 2009 While it has long been the subject of international criticism, banking secrecy – or client confidentiality, as the Swiss call it – has been redefined on a number of occasions. The idea is anchored in legislation passed in 1934 after the global turbulences caused by Wall Street’s 1929 crash. The question now is whether Switzerland’s…

Can Grübel repeat bank-saving trick at UBS?

This content was published on Feb 26, 2009 On Thursday, the share price of Switzerland’s largest bank shot up on the news that it had plucked Grübel out of retirement to replace Marcel Rohner as chief executive. And most experts agreed that he is the right man for the job. Shares closed trading up 16.24 per cent at SFr11.74 ($9.68). Grübel takes over…

UBS appoints Grübel as new CEO in shock move

This content was published on Feb 26, 2009 Oswald Grübel – former head of the country’s other major bank, Credit Suisse – has taken over from Marcel Rohner with immediate effect, UBS announced in a sudden move on Thursday. The news sent the UBS share price climbing by 15 per cent to SFr11.60 ($9.91) at the opening of Thursday’s trading on the bourse.…

New avalanche detonation method makes ski slopes safer

This content was published on Feb 26, 2009

UBS appoints new chief executive

This content was published on Feb 26, 2009 Oswald Grübel, former head of the country’s other major bank, Credit Suisse, has taken over from Marcel Rohner with immediate effect, UBS announced on Thursday. The decision constitutes the next stage in re-establishing trust in UBS and in setting the bank on the path to success, a statement said. Rohner had expressed a desire to…

Political task force to defend banking secrecy

This content was published on Feb 25, 2009 Merz will enlist the help of bankers, diplomats, economists and legal experts to help ward off attacks. Last week, Switzerland controversially handed over confidential client data to a United States tax evasion probe. Banking secrecy is a fundamental pillar of the Swiss financial centre and has helped it corner nearly a third of the world’s…

Mobutu assets stay frozen

This content was published on Feb 25, 2009 The deadline for returning the assets worth around SFr8 million ($6.54 million) to Mobutu’s family has now been pushed from February 28 to April 30 to give legal authorities more time to work on the case. On December 12, 2008 Switzerland agreed to keep the assets frozen so that a Congolese government lawyer could initiate…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Economic woes to mark parliament session

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Banking secrecy

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Roth to step down from helm of central bank

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Banking secrecy faces an uncertain future

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Can Grübel repeat bank-saving trick at UBS?

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UBS appoints Grübel as new CEO in shock move

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New avalanche detonation method makes ski slopes safer

More

UBS appoints new chief executive

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Political task force to defend banking secrecy

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Mobutu assets stay frozen

Popular Stories

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