Archive – Banking & Fintech

Foreigners swell Swiss managerial ranks

This content was published on Jan 4, 2006 The main reason offered by the study from Fribourg University is that many important firms in Switzerland are actually domiciled outside the country. Researchers said that part of the reason for the high concentration of foreigners was due to companies domiciled abroad sending someone from headquarters to work in a branch in Switzerland. This would…

Thun bank collapse is finally settled

This content was published on Jan 4, 2006 The Savings and Loan Bank in Thun (SLT) was forced to close down in 1991 to the consternation of the Swiss banking world. Its closure led to major changes in the financial landscape. Nearly SFr900 million ($685 million) has been returned to creditors but a further SFr233 million will not be paid out, said the…

Winter resorts cash in on snowfall

This content was published on Jan 4, 2006 Resort managers say better snow conditions and an improved economy have contributed to bringing tourists back on the slopes. Good weather and white ski runs meant that villages in the Bernese Oberland were looking at much better results for the latest Christmas break compared with the same period a year ago. Resorts including Grindelwald, Gstaad,…

Panalpina loses CEO after accounting blunders

This content was published on Jan 4, 2006 Business experts say that this resignation is unusual in Switzerland, where bosses rarely leave the ship even if employees have made blunders. The announcement sent the share price falling by 8.6 per cent in early trading at the bourse on Wednesday to SFr95 from Tuesday’s close of SFr103.90. The actions of the manager led to…

Ukrainian gas crisis bypasses Switzerland

This content was published on Jan 2, 2006 Unlike many European countries, Switzerland did not report a fall in deliveries after Russian supplier Gazprom cut off shipments to Ukraine on Sunday. Gazprom turned the tap off after Kiev and Moscow failed to negotiate an agreement on new gas prices by January 1. The Ukrainians refuse to pay four times more than what they…

After-school care is a tale of two cities

This content was published on Jan 2, 2006 It offers out-of-hours care in nearly every school district and plans to roll out more over the next year. Day schools in many European countries commonly conjure up images of nine-to-four days for children, where they are fed, watered and educated. Not so in Switzerland, where the norm is closer to being in school for…

Children content in after-school centre

This content was published on Jan 2, 2006 It’s 11 o’clock and a handful of children from the first grade are playing in the cold November sun waiting to be picked up from school. One group is on the climbing frame, another digging holes in the dirt. Davide is among them, a small dark-haired boy, who’s just started school. A bell rings, marking…

Swiss settles dispute with pilots

This content was published on Dec 31, 2005 Members of the Swiss Pilots union had been warned they would lose their jobs unless they signed new labour contracts by December 31. Swiss and the pilots’ union announced on Friday evening that they had agreed a deal after marathon talks. “Following intensive discussions, the two parties today reached agreement on a memorandum of understanding…

New laws for the New Year

This content was published on Dec 29, 2005 They are among nearly 300 changes to federal laws being introduced in 2006. Residents who have moved into a higher tax bracket thanks to inflation-linked pay rises will not have to hand over more to the taxman next year. The cabinet was obliged to adjust the tax brackets for Federal Direct Tax since the consumer…

Cantons prepare for new round of tax cuts

This content was published on Dec 29, 2005 Switzerland’s taxes are among the lowest in the world, thanks largely to its system of direct democracy, which allows voters to decide what they pay. Obwalden’s decision reflects a growing trend among cantons of slashing tax rates to attract big companies and the wealthy. St Gallen University economist Christoph Schaltegger told swissinfo that such intense…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Foreigners swell Swiss managerial ranks

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Thun bank collapse is finally settled

More

Winter resorts cash in on snowfall

More

Panalpina loses CEO after accounting blunders

More

Ukrainian gas crisis bypasses Switzerland

More

After-school care is a tale of two cities

More

Children content in after-school centre

More

Swiss settles dispute with pilots

More

New laws for the New Year

More

Cantons prepare for new round of tax cuts

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