Feb 22, 2012 - Banking secrecy remains secure at home
Switzerland’s tax dispute with foreign countries would disappear overnight were it to lift banking secrecy completely rather than gradually.
Feb 22, 2012 - Banksters' paradise? Switzerland to unveil clean money plan
Under a 'clean money' strategy, which finance minister Eveline Widmer-Schlumpf is expected to present to the cabinet on Wednesday, banks will be obliged to get foreign clients to declare they are compliant with their home tax regimes.
Feb 22, 2012 - Banksters' paradise? Switzerland to unveil clean money plan
Under a 'clean money' strategy, which finance minister Eveline Widmer-Schlumpf is expected to present to the cabinet on Wednesday, banks will be obliged to get foreign clients to declare they are compliant with their home tax regimes.
Feb 16, 2012 - Oldest Swiss private bank is newest U.S. target
The U.S. Justice Department has since expanded its criminal investigation to 11 Swiss banks, including Wegelin, Credit Suisse and Basler Kantonalbank, and Swiss officials are seeking a settlement for the entire Swiss banking industry - more than 300 banks.
Feb 16, 2012 - Oldest Swiss private bank is newest U.S. target
The U.S. Justice Department has since expanded its criminal investigation to 11 Swiss banks, including Wegelin, Credit Suisse and Basler Kantonalbank, and Swiss officials are seeking a settlement for the entire Swiss banking industry - more than 300 banks.
Feb 15, 2012 - A Hard Transformation For Swiss Banks
A particular favorite to do well is Julius Baer, which held up better than Credit Suisse and UBS last year in terms of fund inflows and profitability.
Feb 15, 2012 - Ambassador believes worst may be over in tax row
My sense is that a few of the banks involved would turn over the data if they were allowed to under Swiss law. So far they don’t feel that they are allowed to and are awaiting a resolution between the two governments.
Feb 15, 2012 - Ambassador believes worst may be over in tax row
My sense is that a few of the banks involved would turn over the data if they were allowed to under Swiss law. So far they don’t feel that they are allowed to and are awaiting a resolution between the two governments.
Feb 14, 2012 - European Fatca deal “threat to Swiss secrecy”
Britain, France, Germany, Italy and Spain appear set on ordering their banks to hand over details of accounts owned by US citizens containing more than $50,000 (SFr46,000).
Feb 14, 2012 - Detained Swiss banker's fate up in the air
Bagios worked at Credit Suisse AG from early 2009 until this month, according to public securities records, and at UBS AG,, the Swiss bank giant, from 1993 to early 2009.
Feb 14, 2012 - Credit Suisse Named Best Private Bank Globally by Euromoney
Hans-Ulrich Meister, Chief Executive Officer Private Banking, Credit Suisse, said: "I am very pleased that the market has recognized our leadership position, despite the difficult environment.
Feb 13, 2012 - Swiss banks seen as victims of own tradition
“It’s not just the banks which have easily earned a lot of money thanks to banking secrecy, but also the authorities, which have eagerly banked massive tax revenues from the banking sector. Politicians therefore weren’t interested in asking too many questions,” Vogler underlined.
Feb 13, 2012 - 5 Nations Join U.S. In Tax Evasion Crackdown
That means key details on accounts held in U.S. financial institutions by residents of France, Germany, Italy, Spain and the United Kingdom will be transparent.
Feb 13, 2012 - UBS denies helping US in tax probes of other banks
"Documents relating to the closing out of accounts were only available in a fraction of the roughly 4,700 cases," UBS said, adding that either clients still held accounts with UBS at the time or they had given information directly to U.S. officials or asked UBS to do so.
Feb 13, 2012 - UBS 'ordered' to give data on rivals in US tax probe
In a statement, UBS said it had been ordered to hand over to Swiss financial regulator Finma client data including, in some cases, instructions relating to the closure of accounts.