Credit Suisse came out with its 2010 figures yesterday and markets were disappointed. Its shares lost 5.8 percent after Switzerland’s second biggest bank reported a net profit of 5.1 billion francs in 2010—around a quarter less than the previous year. CEO Brady Dougan talks to WRS’s Tony Ganzer about potentially lean years ahead for the Zurich-based financial institution. One reason is that new Swiss rules requiring banks to keep more of their assets in liquid form. While Credit Suisse welcomes tougher regulation, Dougan says it doesn’t want to be put at a disadvantage to other global banks. Tony Ganzer reports:
Stiglitz on economy: ‘terrible’
Why is Switzerland so expensive?
Of Alliances and Airports
As with any industry the business of air travel has had some difficulties in recent times. But two different players in the industry are hoping partnerships will keep the money rolling in, despite unwanted turbulence. KJZZ’s Tony Ganzer reports from Frankfurt, Germany.
Continue reading “Of Alliances and Airports”Immigration Predictions
Finding the effects of Arizona ’s Employer Sanctions law is not an easy task. The law went into place in January, and pulls the licenses of businesses that knowingly hire illegal immigrants. Some economists say it will be years before the dust clears from the subprime mortgage mess, and until then, hard numbers will be murky. As KJZZ’s Tony Ganzer reports, some observers are already predicting what could happen in the agricultural industry—one segment of the economy that has been hit especially hard by the immigration debate.
Continue reading “Immigration Predictions”Finding Effects of Employer Sanctions
