Results for Switzerland
- Guaranteed Income for All? Switzerland’s Voters Say No Thanks
Swiss voters on Sunday overwhelmingly rejected a proposal to guarantee an income to Switzerland’s residents, whether or not they are employed, an idea that has also been raised in other countries amid an intensifying debate over wealth disparities and dw ...
Daily Headline - global.abi.org - 06/05/2016 - 22:27 - 0 comments
- Swiss Open Criminal Proceedings Against BSI Over Malaysia Fund Allegations
The authorities in Switzerland said on Tuesday that they had begun criminal proceedings against one of the country’s oldest banks, BSI, after allegations that it had laundered huge sums for “politically exposed” individuals linked to a scandal-plagued Ma ...
Daily Headline - global.abi.org - 05/25/2016 - 00:40 - 0 comments
- Glencore Agrees to Sell Minority Stake in Agriculture Business
The Swiss commodities and mining company Glencore said on Wednesday that it had agreed to sell a 40 percent stake in its agriculture business to Canada Pension Plan Investment Board for $2.5 billion in cash. The deal is the latest move by Glencore to red ...
Daily Headline - global.abi.org - 04/06/2016 - 21:19 - 0 comments
- UBS Faces Money Laundering and Fraud Inquiry in Belgium
A Belgian magistrate judge is investigating whether the Swiss bank UBS engaged in fraud, money laundering and other crimes in an effort to help wealthy individuals avoid taxes, the Brussels prosecutor’s office said on Friday, the International New York ...
Daily Headline - global.abi.org - 02/28/2016 - 23:35 - 0 comments
- Fears Recede At Glencore As Banks Line Up To Join Debt Restructuring
Concerns about the financial health of the commodities company Glencore have receded after its banks queued up to take part in a multi-billion-dollar debt restructuring, The Guardian reported. Glencore said its 37 main lenders offered up to $8.4bn (£ ...
Daily Headline - global.abi.org - 02/17/2016 - 22:09 - 0 comments
- Conyers Dill & Pearman - Alert - Bermuda: Solvency II
A new year signals a new beginning and the start of the year is traditionally a time when we approach the future with greater focus and new resolve. To help manage your time as you navigate the opportunities and challenges of the year ahead, we’ve grou ...
Resource Article - twallace@abiwor... - 02/12/2016 - 13:00 - 0 comments - 0 attachments
- Banque Heritage To Take On Client Assets From Bank Hottinger
Switzerland's Banque Heritage said on Wednesday it would take on client assets from wealth manager Bank Hottinger, which regulators put into bankruptcy last month, Reuters reported. The agreement is expected to be among a host of deals and closures ...
Daily Headline - global.abi.org - 11/18/2015 - 23:51 - 0 comments
- Glencore Puts Copper Mines Up For Sale In Bid To Slash $30 Billion Debt Pile
The ailing mining and trading giant Glencore has intensified efforts to slash its $30bn (£20bn) debt pile by putting copper mines in Australia and Chile up for sale, The Independent reported. Glencore said it was ready to spin off the Cobar mine in N ...
Daily Headline - global.abi.org - 10/12/2015 - 20:28 - 0 comments
- Switzerland Downgrades Economic Growth For 2016
said. Output will expand 0.9 per cent in 2015 and 1.5 per cent in 2016, the State Secretariat for ... June, was for growth of 0.8 per cent and 1.6 per cent, respectively. Economic growth has slowed after ... said. Output will expand 0.9 per cent in 2015 and 1.5 per cent in 2016, the State Secretariat for ...
Daily Headline - global.abi.org - 09/17/2015 - 22:16 - 0 comments
- Geneva Prosecutor Ends Six-Year Saad/Algosaibi Probe With No Further Action
A Geneva prosecutor has closed a six-year investigation into a criminal complaint by Saudi Arabia's Ahmad Hamad Algosaibi and Brothers (AHAB) against Maan al-Sanea and two units of his Saad Group, the prosecutor's office told Reuters. Family co ...
Daily Headline - global.abi.org - 08/20/2015 - 18:40 - 0 comments