Archive – Banking & Fintech

Financial excesses could slow economic reform

This content was published on Oct 30, 2008 Economiesuisse president Gerold Bührer believes the Swiss people may need re-convincing about the merits of the open market before they vote on further liberalisation measures. The federation has consistently campaigned for the liberalisation of the electricity and postal markets and for closer trading links with the European Union. Bührer, an employee of Swiss bank UBS…

Swiss executive to take over Shell

This content was published on Oct 29, 2008 The Dutch firm on Wednesday said that Voser, a graduate of Zurich University of Applied Sciences, would take over from Jeroen van der Veer on July 1, 2009. “Voser’s selection came after a comprehensive assessment and review of internal and external candidates led by the Board Nomination and Succession Committee,” said Shell’s chairman, Jorma Ollila.…

Is the economy set to shrink into recession?

This content was published on Oct 29, 2008 The Créa Economic Institute said on Wednesday that the economy was set to shrink for the first time since 2003 as slowdown in foreign demand spread to the domestic economy. In a statement, the institute forecast that the economy would slip into recession in the first quarter of 2009, and would shrink by 0.6 per…

Switzerland stays in hearts of Kosovo returnees

This content was published on Oct 29, 2008 But for both men, memories of their time in Switzerland remain fresh, making their arrival back in their home country bittersweet. Pristina’s streets are full – high-powered cars with foreign number plates are parked bumper to bumper along the main streets, making life difficult for pedestrians. Each summer Kosovo is invaded by thousands of expats…

Businesses fear effects of strong franc

This content was published on Oct 29, 2008 The franc soared to SFr1.43 against the euro on Monday, the strongest it has been in eight years. Overnight, Swiss goods have become significantly more expensive for the Euro zone – Switzerland’s biggest market. The sharp downturn in the global economy has already resulted in the first monthly fall in four years of Swiss goods…

Banker warns of tough times ahead

This content was published on Oct 28, 2008 Geneva is likely to see a drop of one third in tax revenue from the financial business located there in 2009-10, Ivan Pictet, president of the Geneva Financial Center foundation, told journalists. He described the current world financial crisis as “very serious”, but said Switzerland was better placed than many countries since it did not…

Bank jobs to go

This content was published on Oct 28, 2008 A bank spokesperson said those affected worked in the investment bank and its support sections. Almost all the jobs being lost are in the United States and Britain. These new losses come on top of 1,500 already announced job cuts in the investment bank. Credit Suisse reported third quarter losses of SFr1.26 billion ($1.08 billion)…

Spending is brisk but clouds appear on horizon

This content was published on Oct 28, 2008 The monthly consumption indicator rose slightly in September after declines in July and August. UBS said on Tuesday that the situation on the labour market was still encouraging and was likely to have a positive impact on expected household income. This, it said, gave cause for optimism. But it commented that the continuing high level…

Dr Doom sees gloom for global bourses

This content was published on Oct 28, 2008 He also believes that stock exchanges will stay at low levels for a long time. Faber, otherwise known as Dr Doom for his contrarian views on the economy, has lived in Asia for the past 35 years. He is a jack-of-all-trades: investment adviser, financier, best-selling author and the compiler of a monthly economic publication called…

Euro tumbles against franc

This content was published on Oct 27, 2008 At one point it was trading at only SFr1.4308, although later it rose to SFr1.4500. Since July it has lost more than ten per cent against the Swiss currency. In October 2007 it was at a record high, at SFr1.6828. Experts say that the euro has weakened as investors have sold in order to buy…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Financial excesses could slow economic reform

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Swiss executive to take over Shell

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Is the economy set to shrink into recession?

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Switzerland stays in hearts of Kosovo returnees

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Businesses fear effects of strong franc

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Banker warns of tough times ahead

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Bank jobs to go

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Spending is brisk but clouds appear on horizon

More

Dr Doom sees gloom for global bourses

More

Euro tumbles against franc

Popular Stories

Most Discussed