News

20.10.2016

Former banker Julius Bär condemned for misappropriation

Domenico Petrella, a former executive at Bank Julius Bär, was sentenced to 4 years and 6 months imprisonment and compensation of private accusers over the misappropriation of about €15 million, by the Court of Criminal Lugano, presided over by Judge Mauro Ermani, as reported by the Giornale del Ticino. The banker had cheated forty Italian customers by attracting approximately €15 million to play them at the Casino of Campione.

 
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20.10.2016

Mexican Peso move suggests Clinton won debate

Mexico’s peso reached a six-week high in a signal that Hillary Clinton held on to her advantage over Donald Trump in the final U.S. presidential debate. The currency was up by 0.2% at 18.4937 per dollar around 10:45 p.m. ET. Earlier, it drifted between little changed to down by as much as 0.2% as the two candidates spoke.

 
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20.10.2016

US housing dropped in September against estimates

US housing starts dropped unexpectedly last month, whereas building permits rose more than expected, official figures revealed on Wednesday.  According to the US Department of Commerce, overall groundbreaking activity, however, declined 9.0% to a seasonally adjusted annual pace of 1.05 million units last month, the lowest level since March 2015, while market analysts anticipated a slight increase to 1.18 million units during the reported period. 

 
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19.10.2016

Swatch is rising in chinese market

Swatch CEO Nick Hayek claims to be optimistic, despite the difficulties in the Chinese market "We've seen growth in China since July, every month a bit blackberries," particularly as regards the trend of Omega but also that of Blancpain Longines, as he stated in an interview published today on the newspaper "Handelszeitung". Swatch is taking advantage of the weakness of the British pound due to Brexit

 
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19.10.2016

Swisscard opens the door to Apple Pay

The holders of MasterCard, Visa and American Express issued by Swisscard will make payments via Apple Pay by the end of autumn,. The provider of credit cards, leader of the sector, manages in Switzerland over one million cards. Using their own credit card with Apple Pay, the card number is not stored on your phone and even on Apple's servers, the company states in today's note. Each transaction is authorized by a specific dynamic code.

 
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19.10.2016

Credit Suisse ready to write €100 million check to Italy

Credit Suisse is ready to write a €100 million check to the Italian Revenue Agency to close the tax dispute with Italy,  as Reuters reported by a source with knowledge of the dossier. The bank, through a spokesman, answered with a "no comment". The Swiss banking group has been at the center of an investigation conducted by the prosecutor Gaetano Ruta, of Milan prosecutors, for violation of the Law 231/2001 on the liability of companies for crimes committed by their employees, and also for tax fraud, money laundering, obstacle to the supervisory authority and illegal.

 
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19.10.2016

Credit Suisse to launch quant funds, waiting Q3 results

Credit Suisse faced challenges in the third quarter, as Chief Executive Tidjane Thiam underlined in the last weeks, while the Zurich-based bank planned to axe thousands of jobs within the end of this year. Credit Suisse expects to shed some 1,200 jobs by the end of this year—which come on top of 4,800 job cuts already; CEO swiss bank intends to de-emphasize its investment banking operations while bolstering wealth management businesses in Asia and Switzerland. The bank will report third-quarter results on November 3.

 
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19.10.2016

US election campaign: the calm before the storm?

On November the 8th, the Election Day, the whole world will be focusing on the United States. But where do Hillary Clinton and Donald Trump stand on the main issues? And what are the potential effects of Clinton or Trump presidency? An overview.

 
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19.10.2016

Currency manipulation: US Treasury added Switzerland to watch list

The U.S. Treasury said on Friday that none of the United States' major trading partners is manipulating its currency to gain advantage for its exports; the declaration was an answer to Republican presidential candidate Donald Trump that he will be ready to declare China a currency manipulator if he is elected. In its 16th and final currency report under US President Barack Obama, the Treasury said it added Switzerland to a foreign exchange “monitoring list” of countries with high external surpluses or currency market interventions and it kept Taiwan, China, Japan, Germany and South Korea on the list, first launched in April, though, it said, none of the six countries met the standard for enhanced scrutiny under a new trade enforcement law passed in 2015.

 
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19.10.2016

UK consumer prices jumps in September

UK consumer prices expended at the fastest annual pace in nearly two years during the previous month, the biggest monthly increase in the cost of household goods and services since November 2014. According to the Office for National Statistic, the annual rate of CPI inflation equals 1%, up from 0.6%in August and slightly higher than economists had been expecting,  Rising prices will "undoubtedly be tough on those with low incomes," said Ben Brettell, senior economist at Hargreaves Lansdown. "It's also not good news for savers who are losing money in real terms," he added.

 
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Events


Semptember 2015
  • 23
    Aug

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24
    Aug

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

  • 02
    Sep

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11
    Sep

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12
    Sep

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

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