Internal: Archive

History bites back at Swiss private banking

This content was published on Feb 22, 2013 But as the industry developed from humble beginnings, and grew into an international leader, it picked up many black marks along the way that still hang over today’s private banking players. “Originally all the banking houses across Europe were trading companies,” Youssef Cassis, professor of economic history at the European University Institute in Tuscany. “They…

Future of private bankers under the microscope

This content was published on Feb 22, 2013 The world of private banking faces an evolving landscape. The rate of new wealth creation in emerging economies eclipses that of Europe, volatile markets offer less returns and the global crusade against tax evasion has eroded banking secrecy. Many observers fear that the rarified atmosphere of the small, discreet family boutique in Switzerland has become…

Swiss Re reports 60 per cent increase in profit

This content was published on Feb 21, 2013 The increase in full-year earnings for the company was attributed to a 22 per cent increase in property and casualty reinsurance premiums, increased margins, investment gains, and the release of cash set aside for claims that did not materialise. The company on Thursday said it would propose a 17 per cent increase in its dividend,…

Novartis boss Vasella exits amid controversy

This content was published on Feb 21, 2013 “Personally, I have welcomed the wages that I have received,” a broadly smiling Vasella told Swiss television at the end of January after announcing his intention to stand down as chairman of the pharmaceuticals giant on February 22. Vasella stayed true to his word, accepting a so-called “non-compete” pay-out of up to CHF72 million ($78…

Switzerland’s only wild bear is shot

This content was published on Feb 20, 2013 The brown bear known as M13 has been killed after it proved impossible to keep him away from human settlements.

Thieves steal diamonds from Swiss aircraft

This content was published on Feb 19, 2013 The gang used two black cars in their daring raid late Monday, grabbed the cache of 120 parcels containing the stones and sped off into the darkness, said Anja Bijnens, spokeswoman for the Brussels prosecutor’s office. “They tried to pass themselves off as police officers,” Bijnens added. They reportedly wore outfits which resembled dark police…

Gas fever raises hopes and fears

This content was published on Feb 19, 2013 The world is entering a “golden age of gas”, according to the International Energy Agency. It’s a sentiment echoed by Patrick Lahusen, vice-president of the Swiss Petroleum Company. “We are facing a real revolution,” said Lahusen. “All the theories that said there are reserves of gas and oil for another 20 to 30 years on…

Bringing natural gas to western Europe

This content was published on Feb 19, 2013 But to transport it, a pipeline needs to be built from Turkey to western Europe. Two projects are still competing for the contract, including one with Swiss participation, the Trans Adriatic Pipeline (TAP).

Bear M13 is on the prowl again

This content was published on Feb 18, 2013 A couple out walking in the eastern canton of Graubünden on Saturday afternoon were alarmed to find the three-year-old bear following them as far as the entrance to the village of Miralago near Poschiavo, the local newspaper Il Grigione Italiano reported on its website. At that point they were able to get rid of him,…

Free movement did not affect Swiss salaries

This content was published on Feb 18, 2013 Researchers from the University of Geneva, who were commissioned by the State Secretariat for Economic Affairs (SECO) to assess the agreement’s impact, concluded that the effects of immigration were in general “minor” and may only have lowered salaries of employees with a higher education. The accord on the free movement of people between Switzerland and…

Internal: Archive

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Internal: Archive

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History bites back at Swiss private banking

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Future of private bankers under the microscope

More

Swiss Re reports 60 per cent increase in profit

More

Novartis boss Vasella exits amid controversy

More

Switzerland’s only wild bear is shot

More

Thieves steal diamonds from Swiss aircraft

More

Gas fever raises hopes and fears

More

Bringing natural gas to western Europe

More

Bear M13 is on the prowl again

More

Free movement did not affect Swiss salaries

Popular Stories

Most Discussed