Banking & Fintech

Bosses face tough questions at AGMs

This content was published on May 25, 2001 After this year’s shareholder rebellions at the AGMs of Swissair, Sulzer, Kuoni and Zurich Financial Services, Swisscom’s meeting on Tuesday is likely to be a rather quiet affair. The company can boast a 5.7 per cent rise in first quarter cash operating earnings, as well as an endorsement last week from its majority shareholder –…

The business week in Switzerland

This content was published on May 25, 2001 The medical technology group¸ Sulzer Medica, revealed on Monday that it was not fully insured to cover the costs of surgery to replace the faulty hip implants. The Winterthur-based company had previously said that its product liability insurance was adequate to cover costs associated with revision surgery. Shares in the group were under pressure throughout…

Computer security leaks uncovered at Swiss firms

This content was published on May 25, 2001 The report, which appeared on Swiss German television’s “10 vor 10” programme this week, highlighted the risk of unauthorised persons being able to access confidential data via wireless computer networks. In the past year more than 1,000 Swiss firms have switched to wireless networks connecting laptop computers. But the new technology is making it easier…

Switzerland’s first Internet-only bank goes online

This content was published on May 25, 2001 The bank, in which Zurich Financial Services unit Rüd Blass & Cie has a 49 per cent stake, cost SFr20 million ($11.23 million) to set up. The Swissquote group has offered online brokerage since November 1999. It now has nearly 10,000 clients and says it has a market share of 15 per cent, making it…

Geneva’s Zschokke buys two Siemens’ firms

This content was published on May 25, 2001 A statement from Zschokke on Friday said it had taken over Göhner Merkur Totalunternehmung and Göhner Merkur Immobilien Management in a move that would strengthen its position in contracting and in real estate. It added that all 330 jobs in the two companies would be maintained. Siemens Building Technologies has said it is to concentrate…

FIFA boss called to account over collapse of Swiss marketing agent

This content was published on May 25, 2001 The organisation responsible for European football, UEFA, has demanded that Blatter explain his relationship with the Swiss sports marketing firm, which was declared bankrupt earlier this week. It indicated that Blatter could be forced to resign if he did not provide the necessary information. ISMM-ISL was the world number one sports marketing firm, and until…

Traffic jams keep holidaymakers waiting

This content was published on May 24, 2001 Earlier on Thursday, holidaymakers faced a 13-kilometre tailback, adding up to four hours to their journey time. Tailbacks on the southbound road through the Gotthard tunnel eased up later in the day. The two-lane motorway, which cuts through the Alps, found itself unable to cope with the increased number of vehicles. It is Switzerland’s main…

EasyJet’s Stelios tells Swissair to get out of shorthaul

This content was published on May 24, 2001 “The only hope for a company like Swissair is to concentrate on its core competences and its core brand of values, which is an expensive service, a business class service, offering connecting flights through Zurich, its main hub, and to get out of the regional European market and the charter airlines,” explained Stelios. Stelios, who…

Holidays bring traffic standstill

This content was published on May 24, 2001 Holiday-makers heading south through the Gotthard tunnel are facing a 13 kilometre tailback, as the two-lane motorway, which cuts through the Alps, finds itself unable to cope with the increased number of vehicles. Motorists are having to add up to four hours to their journey time as they wait to pass through the tunnel, which…

Swissair Group appoints new finance boss

This content was published on May 23, 2001 She is 40-year-old Jacqualyn Fouse from the United States, who is currently group treasurer of the Nestlé food concern in Vevey, western Switzerland. Fouse, who has been with Nestlé since 1986, will assume her new position on July 1, a Swissair Group statement said on Wednesday. She will be the first woman to serve on…

Banking & Fintech

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Banking & Fintech

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Bosses face tough questions at AGMs

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The business week in Switzerland

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Computer security leaks uncovered at Swiss firms

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Switzerland’s first Internet-only bank goes online

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Geneva’s Zschokke buys two Siemens’ firms

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FIFA boss called to account over collapse of Swiss marketing agent

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Traffic jams keep holidaymakers waiting

More

EasyJet’s Stelios tells Swissair to get out of shorthaul

More

Holidays bring traffic standstill

More

Swissair Group appoints new finance boss

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