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Falciani confirms no-show at ‘political’ Swiss trial

This content was published on Oct 28, 2015 “This trial was called for by a bank [HSBC], which put the money on the table so as not to be tried,” Falciani told reporters at a press conference in Divonne, France, north of Geneva, on Wednesday. Viewed by the Swiss authorities as a data thief who betrayed his employer, Falciani failed to appear at…

The Swiss mediator you’ve never heard of

This content was published on Oct 28, 2015 The media or courts are the usual resort of victims of Swiss-based multinationals that violate regulations abroad. But there is another option.

Government forced to tap emergency fuel reserves

This content was published on Oct 28, 2015 To prevent a petrol and diesel shortage in Switzerland, the federal authorities have decided to tap the nation’s emergency reserves.

Swiss voters to have final say on immigration quotas

This content was published on Oct 27, 2015 Members of the group “Raus aus der Sackgasse!” (RASA) – German for “out of a dead end”, on Tuesday handed in 110,000 signatures at the Federal Chancellery in Bern. One hundred thousand signatures are required to bring an initiative to a nationwide vote. The signatures gathered will now be counted and verified, and if the…

Applying the ‘burka ban’ will not be easy

This content was published on Oct 27, 2015 The initiative was accepted by 65.4% of Ticino citizens in September 2013 and was the first time that a ban of this kind, which mainly concerns the wearing of the burka and niqab, had been decided by a popular vote. It has already inspired an initiative for a Switzerland-wide ban, launched at the end of…

Swiss private bank Hottinger faces bankruptcy

This content was published on Oct 26, 2015 The Zurich-based bank, which was founded in 1786, has branches in Geneva, Basel, Sion and Brig and New York. It is believed to have around 50 employees, 1,500 clients and assets of CHF145 million ($148 million). Hottinger has been on FINMA’s radar for some time as sustained losses and unresolved litigation pushed it towards unsustainable…

Swiss companies adjust to strong franc

This content was published on Oct 26, 2015 More than a third (37%) of the 110 Swiss chief financial officers (CFOs) surveyed still considered the economic outlook for the next 12 months to be negative. However, fewer were pessimistic than the previous quarter (41%). Swiss businesses appear to have accepted the new reality and to have gradually adjusted to the exchange rate appreciation,…

Schoolroom of the International School in Solothurn

International schools in crisis

This content was published on Oct 26, 2015

Late trains may make everyone else later

This content was published on Oct 25, 2015 Swiss Federal RailwaysExternal link said past research had shown that when trains waited less to pick up passengers from a connecting late train, punctuality improves everywhere. During the pilot, trains will not be held. Tests began this month and will continue until mid-December on weekday trains going between Bern, Basel and Zurich. If trains taking…

Credit Suisse CEO defends new game plan

This content was published on Oct 25, 2015 “That is my goal,” Thiam told the Neue Zürcher ZeitungExternal link (NZZ). The CHF3.5 billion ($3.5 billion) austerity package and investments of CHF1.5 billion announced on Wednesday were “not a contradiction”, Rohner told the paper separately, noting “we have a growth plan and consider investments necessary”. “Companies have to be competitive when it comes…

Internal: Archive

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