Archive – Banking & Fintech

UBS buys Brazilian investment bank

This content was published on May 9, 2006 Switzerland’s largest bank said that Brazil was one of the world’s fastest-growing financial markets and therefore a key focus area in its expansion strategy. The acquisition is subject to regulatory approval, which is expected in the third quarter of this year. UBS will pay $1 billion upfront for the non-listed private partnership and will pay…

Court clears government of BSE failures

This content was published on May 8, 2006 After nine years of legal wrangling, judges said the authorities could not be held liable for the losses, but the farmers said they might take their case to a European court. The ruling, published on Monday, said the Federal Veterinary Office and the Agriculture Office could not be blamed for failing to implement a ban…

Record growth in Swiss cheese consumption

This content was published on May 8, 2006 Cheese consumption was at a record high in 2005, with Italian interloper mozzarella topping the favourites, ahead of Swiss stalwarts Gruyère and raclette. Fondues and cheese seem to be going down a treat in Switzerland with a record rise in cheese consumption recorded last year. In total the Swiss put away 149,991 tons or 19.74kg…

Swisscom’s fate tops the bill at parliament

This content was published on May 8, 2006 The decision in the House of Representatives – the Senate is not meeting – will be a close race with the four main parties evenly divided on the issue. Last November the government announced that it wanted to sell its majority stake in Swisscom. It is currently the major shareholder in the cash-rich company, holding…

States come to terms with “dirty dozen”

This content was published on May 6, 2006 But Swiss officials said there had been agreement on further steps aimed at ridding the world of hazardous pesticides and chemicals during the weeklong meeting, which ended on Friday. The Swiss were hoping to convince other countries to appoint a single individual to take charge of the three secretariats dealing with chemicals, pesticides and hazardous…

Defenders of the environment call for action

This content was published on May 4, 2006 A study published on Thursday shows how the goal can be achieved using the consistent application of energy-saving technologies and with less traffic on the roads. Greenpeace, WWF and the Swiss Transport and Environment Association (VCS) wrote in their study “Energy Perspective 2050” that an unbelievably large amount of energy was being wasted. Despite a…

UBS posts best-ever quarterly performance

This content was published on May 4, 2006 This figure is the bank’s best-ever quarterly performance and easily beat analysts’ expectations. “This is our best net profit ever for the financial business,” announced Clive Standish, the bank’s chief financial officer, on Thursday. “A clear differentiator for UBS is that we have a very large stream of income from wealth management and asset management…

CS reports its businesses are flourishing

This content was published on May 2, 2006 Switzerland’s second-largest bank on Tuesday reported a first quarter net profit of SFr2.6 billion ($2.10 billion), up 36 per cent compared with the comparable period last year. Net new assets totalled SFr31.1 billion. “Positive market sentiment translated into strong client activity across our investment banking, private banking and asset management divisions and we were well…

Supermarket credit cards cause concern

This content was published on May 1, 2006 The Consumer Protection Association says that combining the credit cards with a loyalty card would allow Migros and rival Coop to snoop on customer buying habits. Last week Coop announced it would launch “Switzerland’s cheapest credit card”, costing SFr9.90 ($8) a year – only to be undercut a few hours later by Migros, whose card…

Swiss want united front on toxic chemicals

This content was published on May 1, 2006 The Swiss want one person to take charge of the secretariats of the Rotterdam, Stockholm and Basel conventions, which cover chemicals, pesticides and hazardous waste, to make them more effective. Swiss officials plan to table their proposal at the second conference of parties to the Stockholm Convention on Persistent Organic Pollutants (POPs), which runs in…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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UBS buys Brazilian investment bank

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Court clears government of BSE failures

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Record growth in Swiss cheese consumption

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Swisscom’s fate tops the bill at parliament

More

States come to terms with “dirty dozen”

More

Defenders of the environment call for action

More

UBS posts best-ever quarterly performance

More

CS reports its businesses are flourishing

More

Supermarket credit cards cause concern

More

Swiss want united front on toxic chemicals

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