Archive – Banking & Fintech

Financial storm leaves economy reeling

This content was published on Dec 28, 2008 After years of growth, economists are predicting a recession as huge banking losses and a strong franc affect businesses, exports, jobs and consumer spending. The only question is how hard and long it will be. The start of the malaise could be detected at the end of 2007 when Switzerland’s largest banks, UBS and Credit…

Shoppers splashing out on Christmas treats

This content was published on Dec 24, 2008 The main retailers and department stores are witnessing a repeat of the boom year of 2007, despite a recession projected for Switzerland in the coming months. Migros and Coop, Switzerland’s two largest retailers, have said they are seeing strong demand for their in-house lines of luxury foodstuffs. A spokeswoman for the Bern department store Loeb…

Swiss halt work on controversial dam project

This content was published on Dec 24, 2008 Non-governmental organisations have welcomed the decision announced in a joint statement by the Swiss, Austrian and German authorities on Tuesday. The three governments agreed that the dam project must meet around 150 conditions relating to impacts on the environment, cultural heritage sites, neighbouring states and the relocation of people in flood zones. The state-funded Swiss…

Insurers stop work on Turkish dam

This content was published on Dec 23, 2008 The Swiss state-run Export Risk Insurance, Euler Hermes of Germany and Austria’s Oesterreichische Kontrollbank issued a statement on Tuesday saying they had ordered suppliers to suspend working on the Tigris river dam for 180 days. The Swiss, German and Austrian governments agreed that the dam project must meet around 150 conditions relating to the environment,…

Crisps… Chips

This content was published on Dec 23, 2008 As Hansheiri (John) Zweifel steps down as chairman after 50 years with the family firm, here are a few reminders of the company’s history. (Pictures from a book in German entitled Crisp Stories from Hansheinrich Zweifel, written by Christoph Hämmig, Werd Varlag)

Swiss loses last flight to Tripoli

This content was published on Dec 23, 2008 Libyan civil aviation authorities informed the airline at the beginning of last week that the flights were being stopped “for technical reasons associated with a project at Tripoli airport”. “We can no longer fly there,” airline spokesman Jean-Claude Donzel told French-language radio on Tuesday. “As far as we know, we are the only company affected.”…

A fond farewell

This content was published on Dec 23, 2008 After 77 years and seven months in operation, the medium wave transmitter – for many Swiss a household name – is shutting down. But its programme of Swiss country music lives on – on DAB, satellite, cable and the internet.

Angel delight

This content was published on Dec 22, 2008 Sightings of angels become more frequent at Christmas. (Christoph Balsiger, swissinfo)

Credit Suisse converts bad assets into bonuses

This content was published on Dec 20, 2008 The strategy clears some of the Swiss bank’s exposure to shaky assets while forcing employees to bear the risk of further losses. Many banks are revamping their bonus systems to long-term performance models. Credit Suisse has written down some $10 billion (SFr11 billion) in the last year as bad investments linked to the subprime mortgage…

Less invested abroad in 2007

This content was published on Dec 18, 2008 Swiss companies spent about SFr60 billion ($57 billion) in 2007 on foreign direct investments, down 37.3 per cent from the record level of SFr95 billion in 2006. The decline reflected a sharp drop in acquisitions by manufacturing industries, the SNB reported in a statement. Swiss banks cut foreign investments by half compared with 2006. Swiss…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Financial storm leaves economy reeling

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Shoppers splashing out on Christmas treats

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Swiss halt work on controversial dam project

More

Insurers stop work on Turkish dam

More

Crisps… Chips

More

Swiss loses last flight to Tripoli

More

A fond farewell

More

Angel delight

More

Credit Suisse converts bad assets into bonuses

More

Less invested abroad in 2007

Popular Stories

Most Discussed