GenevaLunch » Comco

Swiss investigation into possible bank lending rate fixing is latest in a string

Ellen Wallace — Sat, 04 Feb 2012 09:57:41 +0000

GenevaLunch.com BERN, SWITZERLAND – Comco, Switzerland’s competition commission, has opened an investigation into more than 10 international banks and companies and the country’s two largest, UBS and Credit Suisse, for possible “collusion between derivative traders [that] might have influenced the reference rates Libor and Tibor. Furthermore, market conditions regarding derivative products based on these reference rates [...]

Swiss investigation into possible bank lending rate fixing is latest in a string © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss economic news: franc rises, higher mortgage deposits coming, budget surplus predicted (update)

Ellen Wallace — Wed, 17 Aug 2011 17:56:16 +0000

GenevaLunch.com Update 20:00 BERN, SWITZERLAND – The Swiss franc rose yet again Wednesday 17 August, turning around after a dip at the start of the week against most major currencies. The shift comes in the wake of a Franco-German meeting that left investors lukewarm and efforts by the Swiss National Bank to reduce its strength that [...]

Swiss economic news: franc rises, higher mortgage deposits coming, budget surplus predicted (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Comco takes the chill out of Swiss fridge online sales

Ellen Wallace — Tue, 16 Aug 2011 07:51:33 +0000

GenevaLunch.com BERN, SWITZERLAND – Comco, the Swiss competition commission, has ruled that Swiss manufacturers of home appliances such as refrigerators cannot tell their distributors not to sell the material online. The decision argues that Electrolux AG and V-Zug AG acted illegally and conspired to stop competition when the first ordered its retailers not to sell online [...]

Comco takes the chill out of Swiss fridge online sales © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

High court finds Swisscom not guilty in last mile case

Ellen Wallace — Thu, 21 Apr 2011 06:47:26 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) – A Swiss high court has decided in favour of Swisscom in a case brought by ComCo, the country’s competition commission. In 2002 the commission began investigating what it ultimately decided was an abuse of the telecom’s dominant position, and it fined the company CHF333 million. Swisscom took the case to court, [...]

High court finds Swisscom not guilty in last mile case © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss competition commission investigates online sales restrictions

Ellen Wallace — Thu, 16 Sep 2010 08:19:58 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) – Comco, Switzerland’s competition commission, has opened an investigation into possible cartel activity that restricts online home appliance sales. Specifically, the six to 12 month investigation, in cooperation with the two companies in question, will look into Electrolux’s and V-Zug’s refusal to allow distributors to sell their products via the Internet. The [...]

Swiss competition commission investigates online sales restrictions © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Sunrise, Orange dump merger plans

Ellen Wallace — Fri, 04 Jun 2010 08:15:08 +0000

GenevaLunch.com Appeal time too short, new plans not likely to be profitable enough Zurich, Switzerland (GenevaLunch) – Orange and Sunrise have dropped their plans to merge, despite having filed an appeal only two weeks ago (20 May) to the ruling by Comco, the competition commission, against the merger. The two telecoms announced Thursday evening 3 June [...]

Sunrise, Orange dump merger plans © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Sunrise and Orange merger banned

Ellen Wallace — Thu, 22 Apr 2010 14:08:03 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) – The Swiss federal competition commission, Comco, will not allow a merger between France Telecom (Orange) and Sunrise to go ahead, it announced Thursday 22 April. The commission’s investigation into the cell phone market concluded that even though customers would benefit in some ways from a merger, the fact that Orange will [...]

Comco eyes Ticketcorner and Zurich’s Hallenstadion agreement

Sean Ecker — Mon, 08 Feb 2010 15:54:35 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) - Switzerland’s competition watchdog Comco is to investigate the five-year agreement, which came into force early 2009, between the country’s largest ticket-seller, Ticketron, and the Hallenstadion Zurich (AGH), one of its biggest concert venues. Comco will look into the details of the agreement which obliges the organizers of events at the Hallenstadion [...]

Comco eyes Ticketcorner and Zurich’s Hallenstadion agreement © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

ComCo wants credit card fees to go down, chairman resigns

Sean Ecker — Fri, 29 Jan 2010 15:31:11 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) – Switzerland’s Competition Commission (ComCo) wants credit card companies to reduce interchange fees in the hope that overall fees will come down for users. The provisional measure is set to bring Swiss fees in line with those in European Union, and comes into force in February, Comco announced 28 January. The interchange [...]

ComCo wants credit card fees to go down, chairman resigns © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swisscom to appeal CHF 219 million fine from competition watchdog

Sean Ecker — Thu, 05 Nov 2009 08:08:37 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) – Swisscom has been handed a fine for CHF 219 million for alleged anti-competitive behaviour in its DSL business until 2007. The company says it will appeal the decision by the federal Competition Commission (ComCo) 5 November, arguing that Swiss consumers have ample choice in the supply of DSL service. ComCo had [...]

Swisscom to appeal CHF 219 million fine from competition watchdog © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.