Archive – Banking & Fintech

Bourse scraps blue-chip trading charges

This content was published on Sep 5, 2006 SWX described the move as a gesture of goodwill, but experts put it down to competition fears and the disappointing performance of the virt-x electronic trading platform, part of the SWX Group in London. The Swiss bourse estimates members will benefit to the tune of SFr13 million ($10.5 million) when a freeze on fees relating…

Tackling long-term unemployment

This content was published on Sep 4, 2006 The two-year trial comes as parliament is tightening regulations in an effort to cut the number of claims for invalidity benefits. The programme is specifically designed to assist people who can’t find employment for a complex set of reasons. “It’s often very difficult in such cases to assign a person to one particular welfare authority,”…

4,000 new Credit Suisse jobs in Asia-Pacific

This content was published on Sep 4, 2006 Chief executive Oswald Grübel said the bank intends to create 2,000-4,000 jobs in backroom operations, investment banking, asset management and private banking in the next two years. Switzerland’s second-largest bank has made no secret of its plans to expand in the region that is creating millionaires at a faster rate than Europe and north America…

“No Crisis” at business lobby group

This content was published on Sep 1, 2006 However, Ueli Forster admits to communication problems within the organisation and has suggested a raft of reforms to heal divisions, reduce costs and give smaller businesses a greater say. Forster was speaking at economiesuisse’s Day of the Economy forum in Zurich on Friday at which he was supposed to hand over the baton to Andreas…

Farmhouse stay takes leaf out of old book

This content was published on Sep 1, 2006 I must admit, I was a keen viewer of the reality television show aired a couple of years ago featuring a family who exchanged their modern lifestyles for those of 19th century peasants. That’s why I jumped at the chance when I saw the tourist board in the Emmental region of canton Bern offering stays…

Editorial

This content was published on Sep 1, 2006

Bell Shaking

This content was published on Aug 30, 2006 In Eastern Switzerland for the alp procession only the three leading cows wear huge bells made of welded sheet metal. The bells are valuable and on the way up, the herdsmen remove them from the cows in order to protect them. They are carried by the men over their arms or on yokes over their…

How to adapt the Disneyland approach

This content was published on Aug 29, 2006 Keller is the head of the tourism department of the State Secretariat for Economic Affairs (Seco) and is a professor at Lausanne University. He is also president of the International Association of Scientific Experts in Tourism (AIEST). It is holding its 56th annual meeting in the southeastern resort of Pontresina in the Upper Engadine Valley.…

Inga Beale leads Converium to better times

This content was published on Aug 28, 2006 Beale, 43, who is British and took over the helm of Converium in February after the company had suffered two years of crisis, says good results are now helping to increase confidence in the Zurich company. In 2004, Converium – the former reinsurance business of Zurich Financial Services – was hit for six with problems…

More rate rises loom as economy forges ahead

This content was published on Aug 28, 2006 Its president, Jean-Pierre Roth, said the bank would maintain its path of interest rate hikes to prevent the expanding economy from overheating although inflation remains under control. “All in all, Gross Domestic Product growth will be slightly above 2.5 per cent in 2006 and slow somewhat in 2007, although staying around two per cent,” he…

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