Worldcrunch
SEPARATIST PARTIES WIN CATALONIA VOTE Pro-independence parties in the Spanish region of Catalonia won an absolute majority of legislative seats in regional elections yesterday that were seen as a de facto referendum on independence. Separatists see the landmark victory in the rich region as a clear mandate to break away from Spain, though they received […]
-Op-Ed- SAO PAULO — Two studies published in recent months show how inequality around the world is becoming even more obscene than before. One such study is the UBS report on the rich that focuses on capital. The figures involved are predictably shocking, but one element in particular caught our attention: The wealth owned by […]
The past few years have seen Switzerland forced to reveal secret banking details to national authorities. That means a brutal job for the bankers of Geneva
LE TEMPS (Switzerland), THE FINANCIAL TIMES (UK) Worldcrunch ZURICH – Swiss bank UBS officially announced Tuesday it is cutting 10,000 jobs worldwide after losing $42 billion during the financial crisis. The Zurich based bank, which currently employs 64,500 people, is aiming to reduce its workforce by 2015, Swiss daily Le Temps reports. The bulk of […]
PANAMA CITY – Panama’s fiscal incentives are luring more and more people to its shores: multinationals, retirees in search of sun and investors seeking new opportunities. Real estate prices are ballooning into a mini Manhattan-on-the-Pacific. The latest notable arrival is PKB Privatbank, the first private Swiss bank to open a “banking center” in Panama City. […]