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Franc surge squeezes eastern European homeowners

This content was published on Jan 29, 2015 The volatile Swiss franc is creating a headache for eastern European homeowners with franc denominated mortgages.

Swiss need to catch up in corporate accountability

This content was published on Jan 29, 2015 Switzerland needs to fall in line with internationally agreed standards and make firms report on their ethical as well as financial track records, according to a former United Nations special representative who introduced the rules on business and human rights.

Mass redundancies announced at Tamoil refinery

This content was published on Jan 29, 2015 Tamoil, which has its headquarters in the Netherlands, has set itself a deadline of March 31 to find a buyer. Staff representatives on Thursday expressed their determination to Tamoil management of getting a social plan “that will live up to their expectations”. Negotiations are set to begin on February 5. The firm had announced on…

Banks face expensive US tax ‘holding pattern’

This content was published on Jan 29, 2015 Banks had hoped that a deal negotiated by the Swiss government and the DoJ in August 2013 (see box below), would clear up legacy tax evasion issues by the end of last year. But many Swiss banks have entered 2015 still uncertain of whether this will be put to bed in the next 12 months.…

Has Switzerland’s 26-canton model had its day?

This content was published on Jan 28, 2015 From time to time there is talk in Switzerland about creating larger cantons. Yet such ideas never seem to gain traction.

Strong Swiss franc hits cheese exports

This content was published on Jan 27, 2015 Swiss cheese exports have been suffering for a number of years because of the strong franc. Producers have been relying on their quality label to appeal to European clients. When the Swiss National Bank announced on January 15 that it was abandoning the minimum exchange rate of CHF 1.20 per euro, the value of the…

Court agrees to give Vatican bank data to Italy

This content was published on Jan 27, 2015 A Swiss court has rejected an appeal by the Vatican’s bank asking it not to disclose information from one of its Swiss bank accounts, which is suspected of being used for fraud.

Shorter work hours touted in response to strong franc

This content was published on Jan 27, 2015 Swiss companies may reduce employees’ hours to help compensate for the current exchange rate fluctuations.

Switzerland ready to intervene in currency market

This content was published on Jan 27, 2015 The Swiss National Bank (SNB) is prepared to intervene in the foreign currency market to help ease monetary policy during the current instability, but is “keeping its cards under the table”, its vice-chairman said in an interview on Tuesday.

Swiss private banks fight to survive

This content was published on Jan 26, 2015 The sudden appreciation of the Swiss franc has intensified pressure on Switzerland’s private banks, raising the prospect of job cuts and bankruptcies.

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Franc surge squeezes eastern European homeowners

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Swiss need to catch up in corporate accountability

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Mass redundancies announced at Tamoil refinery

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Banks face expensive US tax ‘holding pattern’

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Has Switzerland’s 26-canton model had its day?

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Strong Swiss franc hits cheese exports

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Court agrees to give Vatican bank data to Italy

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Shorter work hours touted in response to strong franc

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Switzerland ready to intervene in currency market

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Swiss private banks fight to survive

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