Banking & Fintech

Advertising industry gives thumbs up to SAirGroup name change

This content was published on Apr 27, 2001 Ralph Ehinger, chief executive of Basel-based advertising company Ramstein, told swissinfo that the SAirGroup name was first introduced merely as the expression of a new strategy, followed by the company for the past five years. “That strategy failed so the branding also failed,” said Ehinger. “Now going back to the Swissair brand name is what’s…

Leuenberger pledges further Swiss aid to Bosnia

This content was published on Apr 27, 2001 Leuenberger pledged to help Bosnia overcome the lingering after-effects of the 1992-1995 war and warned of the dangers of nationalist aspirations in a multi-ethnic society. Following talks with Bosnia’s tripartite presidency in Sarajevo on Friday, Leuenberger said Switzerland would carry on its aid projects and focus on the return of refugees and efforts to rid…

Eizenstat regrets that Holocaust report caused offence to Swiss

This content was published on Apr 27, 2001 The Eizenstat report, published in 1997, accused Switzerland of acting as the Nazis’ banker during the Second World War, and contributed to a deterioration in relations between the US and Switzerland. It also claimed that Switzerland helped to keep the war going by purchasing stolen gold from the Nazis. “We never said that Switzerland alone…

Sulzer sells off another unit

This content was published on Apr 27, 2001 The deal, which is still subject to regulatory approval, gives Fabricom three core Infra businesses that account for more than 90 per cent of Infra’s overall turnover of SFr1.5 billion. Its non-core communications services and consulting divisions are to be sold separately. Negotiations for these transactions are underway. The divestment of Sulzer Infra is the…

Briton takes charge at top Swiss bank

This content was published on Apr 27, 2001 UBS shareholders appointed Arnold president of the executive board, while transferring the incumbent, Marcel Ospel, to the post of chairman of the board of directors. Arnold, aged 51, is UBS chief financial officer and has been with the bank for the past four years. Born in India, Arnold was educated in England and graduated from…

Swiss Life boosts assets under management

This content was published on Apr 27, 2001 The group, which earlier this month posted a doubling of net profit for 2000 to SFr924 million, released details of its embedded value on Friday. This new benchmark, also being introduced by other insurers, looks at the value of the company’s life insurance portfolio. The embedded value for 2000 was SFr10.58 billion compared to the…

Cautious reaction to Corti’s measures to fix Swissair

This content was published on Apr 26, 2001 Under pressure to reveal just how he intends to revive the ailing aviation group, Corti put forward a series of measures at Wednesday’s AGM aimed at restoring public confidence. He unveiled a bank loan of SFr1 billion from a consortium made up of Citibank, Credit Suisse First Boston and Deutsche Bank to help offset losses…

Slowing world economy set to hit Swiss growth

This content was published on Apr 26, 2001 In its spring forecast, the Institute for Business Cycle Research said the economy would grow by 2.1 per cent this year and by 1.6 per cent in the year 2002. GDP growth will therefore be “running at a solid pace”, the researchers commented. The forecast said prospects for the global economy had noticeably deteriorated since…

Kostunica sees Switzerland as model for Yugoslavia

This content was published on Apr 26, 2001 The two men also discussed frozen assets in Switzerland thought to belong to ousted president, Slobodan Milosevic. Kostunica said he would draw on the Swiss example in future negotiations about the structure of the Yugoslav Federation – comprised of Serbia and its much smaller sister republic, Montenegro. His comments come in the wake of a…

Swiss Re profits jump by a fifth

This content was published on Apr 26, 2001 The company attributed the strong result to a recovery in the non-life business, after several years of strong competitive pressure. In a statement, Swiss Re said the result was the latest in a long series of marked improvements. “Over the past six years — in other words, since the strategic reorientation of the group and…

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Banking & Fintech

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Advertising industry gives thumbs up to SAirGroup name change

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Leuenberger pledges further Swiss aid to Bosnia

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Eizenstat regrets that Holocaust report caused offence to Swiss

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Sulzer sells off another unit

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Briton takes charge at top Swiss bank

More

Swiss Life boosts assets under management

More

Cautious reaction to Corti’s measures to fix Swissair

More

Slowing world economy set to hit Swiss growth

More

Kostunica sees Switzerland as model for Yugoslavia

More

Swiss Re profits jump by a fifth

Popular Stories

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