A report in yesterday’s SonntagsZeitung suggests many former Credit Suisse managers were taking massive bonuses in the years before the bank’s collapse.
According to the paper seven executives pocketed over CHF 130m
The payments were kept secret from shareholders.
The government is already looking at reforms which would limit executive pay for those working for banks deemed too big to fail.
Heavy snow causes chaos
Heavy snowfall across central parts of the country brought chaos, cancelled trains, blocked roads and children building snowmen on the autoroute.
Geneva car tax issue dominates Grand Council
Although it wasn’t on the agenda for last night’s meeting of the Geneva Grand Council, the issue of the new vehicle tax dominated proceedings.
Franc strongest against euro
It’s good news for cross border shopping and frontaliers – the franc has reached its highest level against the Euro.
SRG/SSR faces massive cuts
Are the days numbered for public service broadcasting?
People now back nuclear power
A new survey suggests public opinion towards nuclear power has changed dramatically.
4m e-vignettes sold
Four million people last year chose to forgo the sticky mess of a vignette on their car and bought an electronic one instead.
