Banking & Fintech

Private banks feel the pinch

This content was published on Aug 27, 2001 In the three years to the end of 2000, staff numbers at Swiss private banks grew by 49 per cent. But now a climate of caution reigns. While UBP is so far the only establishment to actually reduce its workforce, some banks, such as Julius Bär in Zurich, have announced a jobs freeze, while others…

Rail restaurant savours brief run

This content was published on Aug 26, 2001 But now, Tanner has learned that the unique restaurant — from whose windows customers can watch construction at a massive rail yard near the town of Herzogenbuchsee — must close at the end of 2004 to make way for new track carrying trains that will hurtle by at speeds of up to 200 kilometres per…

Green Party president stands down

This content was published on Aug 25, 2001 The 54-year-old farmer said he had held the post for long enough and wanted to give his successor time to settle in before the parliamentary elections in two years’ time. A four-strong committee has already been appointed to find a successor who will be elected at the party conference on October 27 at Frauenfeld in…

Going bananas in Ticino

This content was published on Aug 25, 2001 Founded in 1997, Palmetto, the Blatters’ garden centre business, specialises in banana and palm trees, while also selling a range of Mediterranean plants. The 4,000-square metre plot just outside the small town of San Antonio, near Locarno, produces 200 to 300 banana plants, as well as 100 to 200 palm trees per year. A banana…

Half-year results bring good and bad news

This content was published on Aug 25, 2001 The Nestlé food group – the biggest in the world – reported another set of solid figures this week and the company appears to be heading for another record year. Nestlé, based in Vevey on Lake Geneva, saw net profit rise 12.7 per cent to more than SFr 3 billion compared with the same period…

Credit Suisse seeks affluent clients in Germany

This content was published on Aug 24, 2001 Clients will have a number of ways to contact the bank. They can speak to a personal adviser, go into an investment centre or sales office, or visit the financial portal online, the bank said. Germany is the second market, after Italy, in which this offer is being launched. In Italy, two years after starting…

Huber and Suhner cuts 300 jobs

This content was published on Aug 24, 2001 The company will also introduce reduced working hours (50 per cent) in September for 300 to 400 employees in the Communications Technologies sector at its Herisau base in eastern Switzerland. In a statement, the company said weaker investment activity in many areas of the telecommunications industry coupled with the economic slowdown in many industrialised countries…

Sika reports weaker net income

This content was published on Aug 24, 2001 Sika on Friday blamed lower margins, higher depreciation and adjustment of the value of securities for the decline. Analysts had expected a sharp fall in results after Sika said in July that profit would be hit by higher prices for raw materials in a tough business environment. In a statement, the company said it expected…

Germany to tighten Swiss border controls before euro

This content was published on Aug 24, 2001 In a statement, the German finance ministry said it fears the two-month changeover from national currencies will make it easier to transfer cash reserves back to the country of origin to change it into the new currency. The German government said it would combat the increased risk of money laundering with “comprehensive, strengthened cash checks…

Von Roll improves results

This content was published on Aug 24, 2001 A statement from company headquarters in Zurich said that sales, at SFr830 million, were down five per cent. During the first six months, Von Roll said orders rose by eight per cent to SFr994, mainly because of a contract for the construction of three waste treatment plants in Germany and the United States. Operating profit…

Banking & Fintech

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Banking & Fintech

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Private banks feel the pinch

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Rail restaurant savours brief run

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Green Party president stands down

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Going bananas in Ticino

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Half-year results bring good and bad news

More

Credit Suisse seeks affluent clients in Germany

More

Huber and Suhner cuts 300 jobs

More

Sika reports weaker net income

More

Germany to tighten Swiss border controls before euro

More

Von Roll improves results

Popular Stories

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