News

03.03.2017

Major Banks $320 bn in fines since financial crisis

Regulators have levied financial penalties of $321 billion on banks globally since the 2007-2008 financial crisis, following regulatory lapses, global currency scandals, and market manipulation, according to a note by the Boston Consulting Group (BCG). Almost ten years since the financial crisis, the banking industry has not completely recovered, BCG said in an industry report. A number of factors have helped drive this trend, including a more concerted focus from US regulators such as the US’ Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, an overall more aggressive tone from US regulators has helped punish fraudulent behavior, accruing record fines over this period, according to a recent Bloomberg report.

 
Read More
02.03.2017

Swiss Post to knock on your door for cash money

Swiss Post has announced that, from September, it will introduce cash inpayments at the customer’s home in all communities which have only branches with partners. “This will enable private customers who prefer to make inpayments in cash to do so right on their doorstep,” said Swiss Post. The company explained it has introduced this service because branches with partners “cannot offer cash payment transactions due to security requirements and the provisions of the Anti-Money Laundering Act”.

 
Read More
02.03.2017

New Zealand, the best place where you receive money for a job interview

The tech industry in the city of Wellington, New Zealand, is looking to recruit tech experts from around the world, offering a free holiday to the country for anyone who can prove their merit. In a bid to supplement Wellington's technology pool, the city is offering "the ultimate tech career trip" by flying 100 people from all around the world to New Zealand to fill 100 jobs.  The Wellington Regional Reconomic Development Agency and Workhere New Zealand are paying for all flights and accommodation for the international techies. 

 
Read More
02.03.2017

Developments in fashion and the relationship with the digital world

 
Read More
02.03.2017

Rolex confirms to be the World's Most Reputable Company

Rolex, the luxury Swiss watchmaker, is the brand with the best corporate reputation in the eyes of consumers, according to a new global survey. Reputation Institute (RI), a reputation management consultancy, each year compiles a list of the top 100 most reputable companies in the world based on more than 170,000 ratings collected across 15 countries. Using its proprietary RepTrak measurement system, RI tracks consumers' perceptions across seven key areas: products and services, innovation, workplace, governance, citizenship, leadership and performance.

 
Read More
02.03.2017

Export slows swiss economy in Q4

The Swiss economy expanded marginally in the fourth quarter, figures from the State Secretariat for Economic Affairs (SECO) showed Thursday. Gross domestic product grew by a less-than-expected 0.1% sequentially, the same pace of expansion as seen in the third quarter. Economists had forecast a quarterly growth of 0.4%. The SECO had earlier estimated flat growth for the third quarter. Switzerland’s export-oriented economy has faced headwinds due to the strength of the franc, which central bank policy makers have repeatedly called “significantly overvalued.” Better growth in the neighboring euro area may help Switzerland, where the manufacturing, retail and tourism sectors have all been negatively affected by the currency. Imports of goods logged a sequential growth of 0.2%, while services import declined 5.2%. The year-on-year growth more than halved to 0.6% in the fourth quarter from a revised 1.4% in the previous quarter. Economists had forecast the growth rate to remain steady at the third quarter's original figure of 1.3%.

 
Read More
02.03.2017

Swiss company will build Trump's wall? Maybe

At least 180 companies have already declared their interest in working with President Trump to build his proposed wall along the U.S. border with Mexico, just three days after the government announced the contract bidding process was open. More companies will likely signal interest in competing for President Donald Trump’s massive border wall project, but 180 construction and engineering firms from across the U.S. registered to submit a bid for the contract as of Monday evening.

 
Read More
01.03.2017

Swiss Parliament extends ban on GMO cultivation

The ban on cultivation of genetically modified organisms (GMO) in Switzerland, which expires at the end of 2017, will be extended for another four years, until 2021. Today the Parliament have approved, by 32 votes to two with two abstentions, the relevant revised federal law on genetic engineering. The research will continue to be possible. A motion to extend it until 2025 was rejected. The House of Representatives had previously agreed the extension to 2021. With 25 votes against 18, the senators, contrary to the wishes of the Federal Council, decided that in Switzerland there will be no co-existence of GM and traditional crops.

 
Read More
01.03.2017

HSBC under probe over tax fraud in India, other countries

Global banking giant HSBC has disclosed being probed by tax authorities in India, the US, France and Belgium, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families. Disclosing the "tax-related investigations" in its latest annual report published last week, HSBC further said it has set aside $ 773 million as a provision for various tax- and money laundering-related matters.

 
Read More
01.03.2017

Credit Suisse, UBS in a Big Alliance to develope blockchain

JPMorgan, Microsoft, Intel, Accenture PLC and a large consortium of major players in tech and banking, including Credit Suisse, UBS, Bank of New York Mellon and Thomson Reuters, have joined hands to establish the Enterprise Ethereum Alliance (EEA), a new group  dedicated to developing Ethereum into an enterprise-grade Blockchain platform. The alliance connects Fortune 500 enterprises, startups, academics and technology suppliers with Ethereum subject matter experts to learn from and build upon Ethereum and to define standards for enterprise-grade implementations.

 
Read More

Events


Semptember 2015
  • 24
    Oct

    Two years after two historic global agreements were established, leaders and other change agents in

  • 25
    Oct

    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

  • 30
    Oct

    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

  • 31
    Oct

    Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor

  • 01
    Nov

    Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI® PR9248.490,12 %
LYXOR DAX INAV124.0870,09 %
FTSE MIB Index22379.160,14 %
FTSE 1007524.450,02 %
CAC 405386.810,27 %
S&P 5002564.98-0,40 %
NASDAQ Composite6586.8262-0,64 %
HANG SENG INDEX28305.88-0,64 %
Powered by Yahoo Finance