Archive – Banking & Fintech

Swiss suppliers drive auto industry

This content was published on Mar 10, 2005 But even though their products may lack the glamour of the new cars unveiled at the show, the Mercedes, Fords and Toyotas of this world would be empty shells without them. Due to fierce competition in the car market and efforts to cut costs, carmakers are becoming increasingly reliant on suppliers. According to a study…

Balloon accident blamed on human error

This content was published on Mar 10, 2005 Ten other passengers were seriously injured when strong winds slammed the balloon against the museum in the central Swiss city of Lucerne. A report by the Aircraft Accident Investigation Bureau (AAIB), published on Thursday, found that the tethered balloon, known as the “Hiflyer”, was carrying too many passengers when it made an ascent in dangerous…

Swisscom sales fail to get a rise

This content was published on Mar 10, 2005 The results of Switzerland’s main telecommunications provider are roughly in line with forecasts. Core profit – earnings before interest, tax, depreciation and amortisation (Ebita) – slipped by 2.2 per cent to SFr4.4 billion in 2004 compared with the previous year’s results Swisscom said on Thursday. The company said it recorded a 65 per cent increase…

Customers satisfied with local bank service

This content was published on Mar 10, 2005 But the latest annual survey commissioned by the Swiss Bankers Association (SBA) also reveals a number of apparent contradictions in public attitudes towards the banking sector. For instance, while 79 per cent of people surveyed say they have a positive or very positive opinion of their local bank, only 53 per cent have a similar…

Swiss lag behind in e-government

This content was published on Mar 9, 2005 Only a few former Eastern European countries did worse than Switzerland, whose bad performance was blamed on its federalist structure. According to the survey carried out for the European Commission, the Swiss scored only 60 per cent for the online accessibility of its cyber administration. This compares with a European average of 65 per cent,…

Child allowance should benefit all children

This content was published on Mar 9, 2005 The proposed legislation to be presented in the House of Representatives would also ensure that self-employed or unemployed parents are included in the scheme. Child allowance is critical for many parents, enabling them to make ends meet. Even though all 26 cantons pay out child benefit, the sum differs widely from canton to canton. In…

Alpine freight shifts from road to rail

This content was published on Mar 9, 2005 The transport ministry said on Wednesday that the railways had increased their share of transalpine freight to 65 per cent. While that is only a two per cent increase since 2000, the ministry pointed out that the trend in favour of the Swiss railways was unique among alpine nations. And it is the first time…

Profit soars at Bank Julius Bär

This content was published on Mar 9, 2005 Total assets managed by the group, which includes institutional clients, rose 17 percent to SFr135 billion. The bank, which is based in Zurich, is proposing a return of cash to shareholders with a dividend increase and a share repurchase plan. Julius Bär said on Wednesday it would launch a share buyback programme worth up to…

Ascom back in black

This content was published on Mar 9, 2005 Ascom, which has been selling off parts of its businesses over the past few years, reported on Wednesday that its sales were SFr1.22 billion and operating profit had increased to SFr77 million. The net profit was just above the SFr40-45 million profit range for 2004 that Ascom had forecast in February. Ascom gave no further…

Are the Swiss up to the IT challenge?

This content was published on Mar 8, 2005 Cuts to funding and a decentralised education system could slow efforts to get teachers and students online. The Swiss government in cooperation with the cantons and private sector launched an initiative five years ago to promote the use of IT, multimedia and the internet for educational purposes. The national programme, “Public-private partnership – School on…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss suppliers drive auto industry

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Balloon accident blamed on human error

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Swisscom sales fail to get a rise

More

Customers satisfied with local bank service

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Swiss lag behind in e-government

More

Child allowance should benefit all children

More

Alpine freight shifts from road to rail

More

Profit soars at Bank Julius Bär

More

Ascom back in black

More

Are the Swiss up to the IT challenge?

Popular Stories

Most Discussed