Banking & Fintech

Digital divide between home and school

This content was published on Jun 4, 2002 Latest statistics show that more than 80 per cent of pupils have a computer at their disposal. However, only 19 per cent say they regularly use a computer during the week at school while 70 per cent of 12- to 16-year-olds are regular home users. Reasons for the relatively infrequent use in the classroom include…

Creditors want SFr72 billion from Swissair Group

This content was published on Jun 4, 2002 Administrator, Karl Wüthrich, said the claims had been lodged against three companies built around Swissair, including SAirGroup, SAirLines and Flightlease. SAirGroup, the former holding company of Swissair, was alone facing claims of SFr38 billion as of October 5 last year. Wüthrich added that SAirGroup would be contesting around two-thirds of the claims, totalling SFr26.1 billion.…

Australian company chooses Geneva as European hub

This content was published on Jun 4, 2002 The Australian company, AWB, announced on Tuesday it would begin operations in Europe at the end of July. A company statement said Geneva was selected because of its “strategic position in Europe” and its proximity to Italy, one of AWB’s expanding markets. The European headquarters will also manage the company’s commercial operations in North Africa.…

Roche ups bid price for Japan’s Chugai

This content was published on Jun 4, 2002 The Basel-based company is offering close to double Chugai’s current share price of 1,419 yen (SFr17.8), citing cost synergies and better than expected sales growth as reasons for the increase. Back in December 2001, Roche offered 2,136 yen per share, but has upped its offer by 31 per cent, in a deal that would return…

Private banks face tough times ahead

This content was published on Jun 4, 2002 Although billed as a merger, analysts say the tie-up between Geneva-based banks, Lombard Odier and Darier Hentsch, is more of a takeover of the latter, which is too small to survive in the long term. “Darier Hentsch, in particular, had a size which was between the big ones like Lombard Odier and Pictet and the…

VentureOne says Switzerland fourth in Europe for VC investing 1Q02

This content was published on Jun 4, 2002 The Swiss economy saw a total of €88 million invested in innovative firms in the period, giving the first quarter the highest quarterly investment total since the end of 2000, according to VentureOne’s data. This strong performance increased Switzerland’s ranking to fourth (4Q01: eighth) in terms of investment by country, behind Europe’s regular top three,…

Writing down and writing off – Swiss VCs continue clean up

This content was published on Jun 4, 2002 Viviance and Enterprise Communications, two information technology companies, belonged to a crop of venture capital-backed startups that were riding the Internet wave with big plans to go public on the Swiss Stock Exchange’s New Market. Swiss Venture Update compiled a list of fourteen firms, all venture-backed, that were close to going public when the market…

Merger creates private banking heavyweight

This content was published on Jun 4, 2002 The merger will come into effect on July 1, creating one of the largest private banks in the world. The new group, which will have combined assets of SFr140 billion ($89 billion), will be called Lombard Odier Darier Hentsch & Cie, or LODH. The senior partners of the new institution, Thierry Lombard and Pierre Darier,…

Switzerland’s oldest private banks to tie the knot

This content was published on Jun 3, 2002 The announcement comes during a period of consolidation in the private banking sector, which is facing increasing competition from bigger banks, and pressure from weak financial markets. The two banks had denied earlier media reports that they were about to merge. Analysts say they needed a merger because both are too big to be niche…

IMF upbeat on Swiss economic prospects

This content was published on Jun 3, 2002 In a report issued on Monday in Bern, the IMF said the economy was in a strong position to benefit from the global recovery, thanks to the policies being pursued by the Swiss authorities. But the financial body said sustained growth would depend on the government continuing its transparent macroeconomic policies and accelerating structural reforms.…

Banking & Fintech

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Banking & Fintech

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Digital divide between home and school

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Creditors want SFr72 billion from Swissair Group

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Australian company chooses Geneva as European hub

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Roche ups bid price for Japan’s Chugai

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Private banks face tough times ahead

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VentureOne says Switzerland fourth in Europe for VC investing 1Q02

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Writing down and writing off – Swiss VCs continue clean up

More

Merger creates private banking heavyweight

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Switzerland’s oldest private banks to tie the knot

More

IMF upbeat on Swiss economic prospects

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