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IMF praises central bank policy

This content was published on Mar 9, 2009 Presenting a report on Switzerland in Bern on Monday, the IMF’s Paul Hilber said the SNB had left itself room to manoeuvre despite low interest rates. But the IMF said Switzerland would not escape the downturn due to its dependence on the global economy. Hilber said gross domestic product would fall by at least two…

Virtual workplace wins Red Herring

This content was published on Mar 9, 2009 With no shared server or file system, maintaining an overview of documents, emails and tasks can be a headache – making group project work a real challenge. Convinced that there had to be a better way, a Zurich-based software company has created a solution that is simplifying the lives of thousands of people. That solution,…

“We shall not stay long” – swissinfo special on the largest ever wave of emigration from southern Switzerland

This content was published on Mar 9, 2009 The 19th and early 20th centuries saw tens of thousands of people emigrate abroad from remote areas of Ticino and the Italian-speaking valleys of Graubünden. They journeyed to Australia, the United States and to other countries in Europe in search of a better life. swissinfo.ch is devoting a multimedia special – in English and Italian…

Credit Suisse and Swiss Re shuffle boards

This content was published on Mar 9, 2009 Hans-Ulrich Doerig, vice-chairman at Credit Suisse, will take replace Kielholz, who will stand for re-election as a member with no functional duties. Kielholz leaves Switzerland’s second-largest bank to replace Peter Forstmoser, who will resign from the board on May 1, Swiss Re said. Swiss Re, the world’s largest reinsurer announced a 2008 loss of SFr864…

Czech minister supports Swiss in secrecy row

This content was published on Mar 8, 2009 His comments come as Swiss Finance Minister Hans-Rudolf Merz met his Austrian and Luxembourg counterparts on Sunday to discuss how to deal with attacks on banking secrecy. Schwarzenberg, whose country currently holds the rotating European Union presidency, told the NZZ am Sonntag newspaper that people should not try to “break” Swiss tradition. “Certainly a couple…

Diplomacy could triumph in Swiss-US tax row

This content was published on Mar 8, 2009 US pressure on Switzerland and leading Swiss bank UBS shows no signs of abating, but Washington D.C.-based lawyer Scott Michel told swissinfo that many Americans value the system of banking secrecy. UBS is currently in a showdown with the US over alleged tax fraud by American tax dodgers. Last month the US Department of Justice…

Tax talks offered, but bank secrecy upheld

This content was published on Mar 6, 2009 However, he said Switzerland’s banking secrecy remains intact. A group of experts will advise the government on possible measures to counter the pressure on the country’s financial centre. The leading Swiss bank, UBS, is in a showdown with the United States over alleged tax fraud by American tax dodgers. European countries are also threatening to…

Tax evasion poll

This content was published on Mar 6, 2009

Swiss keen to decouple secrecy and tax evasion

This content was published on Mar 5, 2009 Merz’s comments come a day after a United States Senate hearing said it would continue to pile pressure on UBS, Switzerland’s biggest bank, to disclose confidential client data despite some information already being handed over. Speaking to reporters in Geneva, Merz said his taskforce was looking into ways of revising the Swiss law that treats…

Clients up, profits down for cooperative bank

This content was published on Mar 5, 2009 The group announced on Thursday that it had made a net profit of SFr564 million ($478 million), 19.5 per cent down on the previous year. It attributed the fall to stock exchange turbulence. However, Raiffeisen gained some 158,000 new customers and SFr11.6 billion in fresh money in 2008. Raiffeisen chairman Pierin Vincenz said the bank’s…

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Internal: Archive

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IMF praises central bank policy

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Virtual workplace wins Red Herring

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“We shall not stay long” – swissinfo special on the largest ever wave of emigration from southern Switzerland

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Credit Suisse and Swiss Re shuffle boards

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Czech minister supports Swiss in secrecy row

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Diplomacy could triumph in Swiss-US tax row

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Tax talks offered, but bank secrecy upheld

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Tax evasion poll

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Swiss keen to decouple secrecy and tax evasion

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Clients up, profits down for cooperative bank

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