Etas project in Zimbabwe: the Roger Federer Foundation is spending some CHF80,000 a year on the project to improve the infrastructure of 8 schools, as well as investing in teacher training and the quality of education for about 2,000 children in the Matopo region.
Basel and Zurich, Switzerland (GenevaLunch) – Roger Federer has signed a 10-year contract with Swiss bank Credit Suisse, for an undisclosed sum, the bank announced Monday 16 November. Federer, on his web site, notes that “As part of the partnership agreement, Credit Suisse will make a significant annual contribution to the Roger Federer Foundation, which is dedicated to helping disadvantaged children and to promoting education, sports and play, particularly in Africa.” The foundation was inspired by Federer’s South African mother and currently states on its web site that its capital is CHF4 million.
The bank’s CEO, Brady Dougan, did not stint in his enthusiastic praise of the Swiss tennis star:
Brady Dougan, Credit Suisse CEO
Zurich, Switzerland (GenevaLunch) – Credit Suisse has moved into the number one bank slot in Switzerland, overtaking UBS in terms of capitalization, with strong first quarter results published 23 April. The bank’s return on equity for shareholders was up 22.6 percent. Net income was CHF2 million during the first quarter, compared to a loss of CHF2.15 m during the same period in 2008.
Brady Dougan, Credit Suisse CEO
Zurich, Switzerland (GenevaLunch) – Switzerland’s second largest bank, Credit Suisse, 11 February announced its 2008 results, a loss of CHF8.2 billion, worse than expected. The news comes one day after UBS, the country’s largest bank, announced a loss of CHF20b, the largest annual loss in Swiss corporate history.
