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UBS reveals shortcomings during crisis

This content was published on Oct 14, 2010 In a report released on Thursday, UBS said it would not take legal action against its previous management despite the shortcomings. “What happened shouldn’t have been allowed to happen, and with our decision to refrain from legal proceedings, we don’t want to gloss over the mistakes made by UBS or absolve those involved of their…

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End of drilling ban boosts Transocean shares

This content was published on Oct 13, 2010 The company hit the headlines in April, when the Deepwater Horizon rig it had leased to BP exploded and sank in the Gulf of Mexico, triggering billions of dollars of damage. Transocean shares were up by 3.86 per cent at the end of the trading day at the Zurich stock exchange. A broker told the…

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Cabinet moves ahead with “too big to fail”

This content was published on Oct 13, 2010 It announced on Wednesday that it was now instructing the finance ministry to prepare a draft consultation paper by the beginning of next year, adding that the commission’s final report was a “good basis for drafting a bill”. The commission was set up after the government had to bail out UBS in October 2008 because…

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Giving businesses early warning on corruption

This content was published on Oct 13, 2010 Steering clear of laundered money, organised crime, bribery and trading sanctions is a priority. One enterprise, formed to help Swiss banks comply with money laundering rules, specialises in keeping firms out of hot water. Despite their best efforts, many multinationals still sometimes find themselves on the wrong side of the law. This year, Swiss firm…

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Quantum physicist gets top science award

This content was published on Oct 13, 2010 The Marcel Benoist foundation announced on Wednesday that Loss, a professor at Basel University, had been selected for the SFr50,000 ($52,300) prize for his pioneering work on the physics underlying the concept of quantum computing. A quantum computer uses quantum mechanical phenomena rather than the transistors of traditional computers. Exactly how such a machine would…

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Swiss strike gold with unwanted jewellery

This content was published on Oct 13, 2010 It’s no problem to discover where to go: just flick through the small ads of the newspaper, or walk around the shopping area of any town, and you’ll soon find someone interested in buying what you have to sell. But Monika Baumberger, general manager of precious metals recycler Edelmetall-Service in Switzerland says that not everyone…

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Banking secrecy will not go to nationwide vote

This content was published on Oct 12, 2010 The federal authorities said the rightwing Lega dei Ticinesi party failed to hand in the required number of signatures – at least 100,000 – by the deadline of October 1. Earlier this year, supporters of the people’s initiative said they had managed to collect just over a half of the signatures necessary to force a…

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Job vacancies double in financial sector

This content was published on Oct 11, 2010 This is 56 per cent more than a year ago, according to quarterly figures released on Monday by online Swiss sites Finews.ch and JobDirectory.ch. Banks had 1,808 vacancies, compared with 893 at the end of September 2009. The employers with the most spots to be filled were UBS, with 574, and Credit Suisse, with 335.…

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Russian energy shift encourages Swiss firms

This content was published on Oct 11, 2010 Russia has embarked on a push to upgrade its electricity grid and its oil- and gas-dependent energy infrastructure. The 2014 Winter Olympics project and the creation of a Silicon Valley near Moscow could also offer lucrative contracts. Trade between Russia and Switzerland has nearly tripled in the past five years, reaching SFr2.8 billion ($2.9 billion)…

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Internal: Archive

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AGENCE_MARTIENNE_ORIGINAL

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UBS reveals shortcomings during crisis

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End of drilling ban boosts Transocean shares

More

Cabinet moves ahead with “too big to fail”

More

Giving businesses early warning on corruption

More

Quantum physicist gets top science award

More

Swiss strike gold with unwanted jewellery

More

Banking secrecy will not go to nationwide vote

More

Job vacancies double in financial sector

More

Russian energy shift encourages Swiss firms

Popular Stories

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