SAN FRANCISCO, CA (ots) - Worldwide Financial Institutions Explore Innovations in Products, Risk Management, and Marketing to Boost Services for Small and Medium Enterprises Visa International launched a drive to help the world's financial institutions boost their services for small and medium enterprises (SME) with the completion of its first Global SME Member Forum September 5 in New York. With a ...
Lugano (ots) - Banca del Gottardo positively closed the first semester of 2003 with consolidated net income of 54 million Swiss francs. Despite a generally still unfavourable economic and financial environment, operating revenues progressed by 7% against the first six months of the previous year, reaching 240 million francs. Costs, for their part, declined markedly ...
Remark: you find the complete press release (inkluding the graphics) and the term sheet as pdf-file on www.newsaktuell.ch/f/story.htx?nr=100465110 Lugano (ots) - As from 17 July 2003, for the first time investors will have the ...
Lugano (ots) - Banca del Gottardo confirms itself as plaintiff in the penal proceedings initiated by the Public Prosecutor of Canton Ticino against persons unknown on the grounds of falsity of documents and has also filed a penal complaint for the same crime and for harm to the banks creditworthiness. The ...
Lugano (ots) - Banca del Gottardo categorically denies the information contained in a scoop of "The Sunday Times" about supposed relations between the Bank and Saddam Hussein, respectively with members of his regime. Banca del Gottardo has opportunely followed the requests of the Swiss Federal Council (the latest dated 9 April 2003: Modification of the Ordinance on Economic Measures against the Republic of ...
Lugano (ots) - The BSI Group (a member of the Generali Group) achieved a consolidated gross profit of CHF 144 million in the financial year 2002. Total income amounted to CHF 420 million, while costs totalled CHF 276 million. Net profit at the end of the year was CHF 107 million. This good result is attributable to prudent business management and a flexible cost structure and was accompanied by a new asset inflow of ...
Lugano (ots) - Banca del Gottardo is pleased to announce the following appointments, valid as from 1st April 2003: Members of Management: Cattaneo Lorenzo Sassi Monya Officers: Busolini Alessia Campana Patricia Colombo Moreno Cresta Davide Darville Philipp De Angeli Francesco Delcò Filippo Di Lavello Anna-Maria Dosi Alberto Ferrari Simone Hanselmann Renato Pica Prospero Tattarletti Paolo Triacca Bigoni ...
Extraordinary valuation adjustments in support of a solid financial situation Lugano - (ots) - The Banca del Gottardo closed out fiscal 2002 with a consolidated gross net profit of 112 million francs. At the end of the year, net fiscal income had reached 447 million francs while operating expenses were 335 million francs. The bank has implemented 200 million francs in extraordinary writedowns and provisions in the ...
Lugano (ots) - The Banca del Gottardo is pleased to sponsor the photography exhibition "Gotthard, via subalpina" by Maurice Schobinger showing at the Swiss Camera Museum in Vevey from 1 February to 20 April 2003. The Banca del Gottardo has chosen to sponsor Maurice Schobinger's exhibition, "Gotthard, via subalpina" for the following reasons: For centuries, the San Gottardo has been both a point of convergence ...
Lugano (ots) - In the first six months of 2002, the BSI Group recorded positive results, though reporting a decline as compared to the same period last year. Gross earnings were CHF 97m, 25.4% below the 2001 figure. Assets under management were CHF 43.4bn, 11.6% less than at the end of last year. New client assets increased by CHF 1.2bn, confirming that the Group continues to enjoy the trust of investors. The BSI Group ...
Huddinge, Sweden (ots) - Applications for insurance against ethnic, gender and religious discrimination, on equal terms on all continents, are now being solicited and received. The insurance will provide for assistance with documentation of rights violations, litigation expenses and media services. The offer is conditioned upon the receipt of a sufficient number of applications. Two Swedish firms, Nazerian Management Consulting and Bellwether AB, have combined ...
Lugano (ots) In conjunction with the strategic reorientation of the Rentenanstalt/Swiss Life group, and after due consideration, a sale of the Banca del Gottardo is being ruled out for the time being. Details concerning this decision, taken by the Board of Directors of Switzerland's biggest life insurer in full agreement with the Ticino-based bank's top management, ...
Strategic Partnerships Formed To Research Issues Shaping Global Financial Playing Field Washington, DC (ots) - The American Council of Life Insurers (ACLI), in partnership with A.T. Kearney, EDS, and SOLCORP, will be hosting the inaugural summit of the Global Financial Leadership Forum at the Waldorf Astoria Hotel in New York City on Nov. 17-19, 2002. Aimed ...
Washington, DC (ots) - The American Council of Life Insurers (ACLI) - the largest trade association representing the U.S. life insurance industry - will oppose Russia's accession to the World Trade Organization (WTO) unless it guarantees market access to foreign life insurance companies. "Personal financial ...
Lugano (ots) - BSI SA, the Swiss based asset management bank of the Assicurazioni Generali Group, active in Switzerland since 1873, is pleased to announce that Banca BSI Italia SpA started banking activities in Milan on April 2 2002. Banca BSI Italia SpA, with 40 employees and assets under management ¤ 1.4 billion, operates out of its main office in piazza Sant'Alessandro 4 Milan, where it has been operating as ...
London (ots) - Searchspace, a leader in intelligent software systems, today announced that UBS has joined a growing number of top tier banks that have selected the Searchspace Anti-Money Laundering (AML) solution. UBS will use Searchspace's Intelligent Enterprise Framework (IEF) for proactive detection and management of suspicious transactions indicative of money laundering. "UBS decided to enhance its ...
Lugano (ots) - Results reported by the Banca del Gottardo Group for 2001 showed good resilience at the recurring level, despite unfavourable conditions affecting banks specialised in private banking. Despite a negative trend in equity markets, the bank's core segments of investment and wealth management turned in ...
Lugano (ots) - The BSI group, a Lugano-based bank specialising in asset management, which is controlled by Assicurazioni Generali S.p.A. Trieste, has failed to match its record 2000 earnings but posted satisfactory 2001 earnings nonetheless. Net profit was CHF 171 million, 15% lower than in 2000, and BSI SA will pay a dividend of CHF 150.8 million (down 8%). The value of client assets under management was stable at ...
Berlin (ots) - The Berlin-based Wall AG, the leading company in the sector for high-quality and customized town furniture, has acknowledged that JCDecaux SA has acquired an 11.1% interest in Wall AG. The main shareholders and the board of directors of Wall AG have not welcomed this participation. The ...