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For expats, Switzerland ranks first

This content was published on Oct 22, 2014 The ranking, commissioned by British bank HSBC and carried out by research company YouGov, included input from 9,288 expats living in 34 countries. Switzerland came in first in the overall rankingExternal link, followed by Singapore and China. “Many Switzerland-based expats mentioned the better work-life balance, availability of outdoor activities and the family-centric culture as the…

EU regulators fine Swiss banks

This content was published on Oct 21, 2014 JPMorgan Chase & Co. (JPM) agreed to pay 72.2 million euros ($92 million) in fines to European Union regulators for attempting to rig the Swiss franc Libor rate and fixing spreads with rivals, the EU said today. UBS AG (UBSN) was fined 12.7 million euros by the EU and Credit Suisse Group AG (CSGN) must…

Electrolux plant closure highlights job fears

This content was published on Oct 21, 2014 A decision by Swedish electronic goods manufacturer Electrolux to close a Swiss factory, with the loss of up to 120 jobs, has heightened fears that a global economic slowdown may result in rising unemployment in Switzerland.

Swiss executive MBA programmes rise in rankings

This content was published on Oct 20, 2014 The list, published on Monday, compares programmes for working senior executives and is topped for the first time by TriumExternal link – run by HEC Paris, the London School of Economics and Stern School of Business at New York University. The top five places continue to be dominated by international EMBAs. IMDExternal link came second…

Generation Y challenges private banking DNA

This content was published on Oct 20, 2014 Finance technology start-ups (fintech) and digital-savvy investors threaten to disrupt the conservative world of private banking.

Too much work costs CHF5 billion a year

This content was published on Oct 20, 2014 About one in four workers in Switzerland feels overly stressed on the job – creating strain on the economy as well.

Wage dumping discovered at Swiss Post building site

This content was published on Oct 19, 2014 Ivano Marraffino, a regional spokesperson for the UNIA trade union in canton Solothurn where the incident occurred, confirmed a report in the SonntagsBlick newspaper detailing wage dumping. The Swiss Post gave the contract for the construction work at one of its package sorting facilities to a company in the Netherlands, which then outsourced it further…

Tax breaks for rich foreigners under fire

This content was published on Oct 19, 2014 Proponents of the initiative say lump sum taxation is unfair and opaque, while opponents fear Switzerland will lose in attractiveness and suffer a mass exodus of wealthy taxpayers should the system be abolished. Those taxpayers, the so-called “tax exiles”, include big names like British rock star Phil Collins, Formula One driver Lewis Hamilton and Russian…

Advantage Tsonga: tax system not so good for fans

This content was published on Oct 17, 2014 The Basel Swiss Indoors tennis tournament begins on Saturday, but none of the above will be there – unlike local lad Roger Federer, Rafael Nadal and Stan Wawrinka (ranked two, three and four respectively in the world rankings). Jo-Wilfried Tsonga, currently the world number 12, lives in Gingins, canton Vaud, about 5km from the French…

UBS retains top spot among wealth managers in Asia

This content was published on Oct 17, 2014 Among Switzerland’s private banks, Julius Baer ranked sixth and Pictet 14th, according to annual rankings released on Friday by London-based Private Banker International, which tracks the wealth management industry. UBS increased its assets under management by 14% from 2012 to $245 billion (CHF231 billion). Citigroup, whom UBS ousted at the top in 2012, kept the…

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For expats, Switzerland ranks first

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EU regulators fine Swiss banks

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Electrolux plant closure highlights job fears

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Swiss executive MBA programmes rise in rankings

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Generation Y challenges private banking DNA

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Too much work costs CHF5 billion a year

More

Wage dumping discovered at Swiss Post building site

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Tax breaks for rich foreigners under fire

More

Advantage Tsonga: tax system not so good for fans

More

UBS retains top spot among wealth managers in Asia

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