Tag: Zurich
Allianz is free from legacy
Alliance logo Investors are now turning their attention back to the operative business. There are challenges here too. (Photo: dpa) Munich The vast majority of Allianz shareholders breathed a sigh…
The West and the Silk Road
After Vladimir Putin’s war against Ukraine, the world will no longer be the same as before, says Chancellor Olaf Scholz. That is an accurate assessment, especially with regard to the…
Allianz continues to work through hedge fund debacle
Allianz Insurance in Berlin The high provisions put pressure on profits. (Photo: imago images/Schöning) Munich Allianz has to dig deeper and deeper into its pockets for its failed hedge fund…
Warhol’s “Marilyn” portrait costs $195 million
Andy Warhol “Shot Sage Blue Marilyn” For the 1964 portrait of actress Marilyn Monroe, Christie’s achieved a record price of 195 million dollars. (Photo: Ted Shaffrey/AP/dpa) Dusseldorf/New York The radiantly…
Zurich & Axa more popular with US investors than Allianz
Zurich insurance group Investors see the stock as a safe haven. (Photo: IMAGO/Future Image) Frankfurt It’s an interesting outsider’s view of the European insurance market: in the currently difficult capital…
Virtual showdown at Germany’s second largest insurer
Philippe Donet A milestone for Venice, but also a very personal one for the Generali CEO. (Photo: ROPI) Venice At the beginning of April, Philippe Donnet was walking across Venice’s…
Social Entrepreneurship Monitor: Social enterprises are becoming more important
Plastic collectors in Nigeria For example, German companies support environmental projects in developing countries. (Photo: Reuters) Dusseldorf Social enterprises are playing an increasingly important role in Germany. This is shown…
Macron’s victory is not a triumph
In view of this result, so many stones have fallen from Europe’s hearts that they could trigger a tsunami in the English Channel. The horror visions that something like Donald…
ABB benefits from more orders and price increases
ABB industrial robots The production machines manufacture body parts at the BMW main plant in Munich. (Photo: dpa) Zurich Despite tight supply chains and rising inflation, the electrical engineering group…
Credit Suisse starts the year with a quarterly loss
CreditSuisse The final quarterly figures are to be published as planned on April 27th. (Photo: Bloomberg) Zurich After losing billions in 2021, the major Swiss bank Credit Suisse also started…
Court finds Swiss star banker guilty
Pierin Vincenz on Wednesday in Zurich The banker was sentenced to imprisonment for, among other things, fraud, embezzlement and forgery. (Photo: Reuters) Zurich Pierin Vincenz is one of the best-known…
Court finds Swiss star banker guilty
Pierin Vincent Among other things, convicted of fraud and forgery in Zurich. (Photo: Reuters) Zurich In Switzerland, the most sensational economic trial in 15 years has ended with a guilty…
Life in Switzerland: Emigrants from Germany report
View of the Swiss Alps The attraction of Switzerland for German emigrants is unbroken. (Photo: imago/imagebroker) Berlin Around 1.1 million Germans live in other European countries, according to statistics from…
CO2 start-up Climeworks collects 590 million euros
climateworks A system by the Swiss start-up in Iceland. Dusseldorf The climate start-up Climeworks is raising more than half a billion euros in its new round of financing – the…
CO2 start-up Climeworks collects 590 million euros
climateworks A system by the Swiss start-up in Iceland. Dusseldorf The climate start-up Climeworks is raising more than half a billion euros in its new round of financing – the…
Zurich and Axa sell old portfolios to life insurance companies
Axa logo The French insurer has a portfolio with a nominal volume of around 15 billion on offer. (Photo: Reuters) Frankfurt, Munich After years of standstill, the processing of old…
Fierce Bafin criticism of fund policies from life insurers
“The Bafin investigation is a real hammer,” says Professor Hermann Weinmann from the Institute for Finance at the Ludwigshafen University of Applied Sciences. It shows that there has been a…
Credit Suisse dares to restart wealth management in Germany
CreditSuisse Credit Suisse wants to hire 500 client advisors worldwide in the next few years to do business with the super-rich. (Photo: dpa) Zurich, Frankfurt Credit Suisse is reorganizing its…
Credit Suisse dares to restart wealth management in Germany
CreditSuisse Credit Suisse wants to hire 500 client advisors worldwide in the next few years to do business with the super-rich. (Photo: dpa) Zurich, Frankfurt Credit Suisse is reorganizing its…
Wooing for German medium-sized companies and start-ups
Frankfurt, Zurich Financial managers across Europe are racking their brains about how to encourage more companies to go public. Jos Dijsselhof from the Swiss stock exchange Six has therefore introduced…