Wednesday, 10th March 2010

 

20 November 2009 - Press Briefing

Hildebrand urges stricter regulations for Swiss banks

Switzerland needs “higher-than-average” regulatory standards for its financial sector compared to other nations, since total banking assets are more than seven times gross domestic product, Swiss National Bank vice-chairman Philipp Hildebrand said, according to a Reuters report.

Hildebrand, who takes over as SNB chairman next year, urged banks to help reform instead of opposing it and called on lawmakers to address the "too big to fail" issue.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Dream Cruise --- Now is the time to book; How to get a discount

It's the perfect time to charter a yacht for a summer getaway in the Mediterranean. Ample supplies of sailing and motor yachts are available, the currency exchange is the best it has been in years, and there is wiggle room in the prices, something unthinkable before the financial crisis of 2008-2009.

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