Andermatt in the Swiss Alps is gorgeous in summer August 6, 2022 THE WEEKEND: Ask any sweaty, AC-deprived Londoner during the recent heatwave, and they’ll tell you that the city is no place to spend summer. It’s no surprise then that during warmer months, the average Swiss city-dweller will flee to the cool of the nearby mountains whenever they get the chance. The postcard-pretty Alpine enclave of [...]
Aviva chief Amanda Blanc joins BP as non-executive director August 2, 2022 British energy major BP today said it has recruited Aviva chief executive and insurance sector veteran Amanda Blanc to sit on its board of directors. The appointment is set to see Blanc sit on BP’s board as a non-executive director, whilst continuing in her current job as chief executive of British insurance giant Aviva. In [...]
Brits turn to criminality as living costs skyrocket: 15 people added to insurance fraud register every day July 26, 2022 Around 15 people are being added to an insurance fraud register every day amid concerns that more could be tempted into criminality as living costs rise. The Insurance Fraud Bureau (IFB) said it has seen a 17 per cent increase in people being added to the Insurance Fraud Register (IFR). The IFR is a national [...]
Schroders snaps up stake in digital asset manager in ‘tokenisation’ push July 19, 2022 Asset management giant Schroders announced it had snapped up a minority stake in digital asset manager Forteus today as it explores the potential of offering tokenised funds to investors.
Formula E, Extreme E and E1 Series co-founder Alejandro Agag on the future of sport June 29, 2022 In the overcrowded market that is sport it’s difficult to stand out. New ideas, usually brainchilds of multi-millionaires, come and go – often passing within the blink of an eye. And if they are successful one year, there’s little certainty of a cut through the next. But with growing concerns surrounding the environment and the [...]
Credit Suisse becomes first Swiss bank to be convicted in Switzerland’s own courts June 27, 2022 Credit Suisse has become the first of Switzerland’s domestic banks to be convicted of a corporate crime in any of the country’s own courts, after a judge today found the Zurich financier guilty of failing to prevent laundering of Bulgarian drug money. A court in the southern Swiss city of Bellinzona fined the bank 2m [...]
Bank of England official compares crypto crash to dotcom bubble June 22, 2022 The Bank of England’s Deputy Governor has compared the recent crypto crash to the dotcom bubble more than two decades ago. Jon Cunliffe said those that survived the crash could become the technology companies of the future and rival the likes of tech giants Amazon. “The analogy for me is the dotcom boom, when $5 trillion was [...]
State Street denies claims it is planning to take over Credit Suisse after Swiss bank’s chief brushes aside rumours June 9, 2022 State Street today denied claims it is planning to take over Credit Suisse, after a Swiss website published a report claiming the Boston bank is planning to buy out Zurich headquartered investment bank. The denial comes after the head of Credit Suisse also brushed aside claims Credit Suisse could be bought out by Boston bank [...]
WH Smith lures Admiral chief Annette Court as new chairwoman to replace Henry Staunton June 8, 2022 Retailer WH Smith has named Annette Court as its new chairwoman to replace Henry Staunton when he retires later in 2022 year after nine years in the post. Ms Court – currently chairwoman of insurer Admiral Group – will join the board as a non-executive director and chair-designate on September 1 before succeeding Mr Staunton [...]
Allianz to take €400m hit after selling majority stake in Russian business June 7, 2022 Allianz has said it will take a €400m hit on its Russia operations, after agreeing to sell a majority stake in the business to the London registered company that owns one of Russia’s major insurance companies. The German insurer has agreed to sell a 50.1 per cent stake in its Russian business to London registered [...]