November 10, 2016 - Rochester-Bern Professor's Undeclared Millions
Swiss banking has also long maintained close ties to the program: the Swiss Finance Institute, or SFI, offers a diploma in advanced banking studies in cooperation with Rochester-Bern, which has churned out more than 1,500 graduates so far.
November 7, 2016 - Credit Suisse Said to Hold Accounts for Latest U.S. Tax Felon
Dan Horsky, 71, entered the plea Friday in federal court in Alexandria, Virginia, where he admitted that a Zurich-based bank helped him conceal assets from the IRS, according to the Justice Department. That bank was Credit Suisse, according to three people familiar with the case who asked not to be named because they weren’t authorized to discuss the bank.
November 7, 2016 - Ex-UBS banker wants to expose ultra-rich tax dodgers by name
But Birkenfeld — who did 30 months at Schuylkill Federal Correctional Institution in Minersville, Pa., for his part in the scandal — told The Post the American public will be “furious” when they finally learn names of some of these same bigwigs.
November 7, 2016 - Credit Suisse Expands China Presence as Foreign Banks Retrench
With last week’s announcement, Credit Suisse joins Goldman Sachs and UBS as the only foreign banks with brokerage capabilities in China.
November 3, 2016 - Eastern targets
As rivals pull back from Asia, Credit Suisse chief executive Tidjane Thiam is pushing ahead in the hope of managing the fortunes of the region’s rich. But some say his goals are too optimistic.
October 24, 2016 - US ambassador asks Swiss banks to service Americans
Several Swiss banks have received a letter from the United States Ambassador to Bern, Suzan LeVine, asking them not to shun US citizens who want to open accounts in Switzerland.
October 24, 2016 - Swiss lobby U.S. ahead of UBS, Credit Suisse RMBS settlements
Switzerland urged U.S. officials to consider the global importance of UBS and Credit Suisse in a recent meeting ahead of potential fines for Switzerland's two big banks over claims they mis-sold mortgage-backed securities, a top Swiss diplomat said.
October 19, 2016 - Credit Suisse agrees to $110 million deal to settle Italy tax case: source
Credit Suisse CNGN.S has agreed in principle to pay about 100 million euros ($110 million) to settle its tax position in Italy in a case involving allegations it helped clients transfer undeclared funds offshore, a source with direct knowledge of the matter said on Tuesday.
October 11, 2016 - Secret Gold Vaults in the Swiss Alps
“Demand for gold storage has risen since the 2008 financial crisis. Many of the wealthy see owning gold as a hedge against the insecurity of banks and a reasonable investment at a time when markets are volatile and bank accounts and low-risk bonds pay almost no yield. It may also be a way to avoid the increasing scrutiny of tax authorities. In high-profile cases, U.S., French, and German prosecutors have gone after citizens of those countries with undeclared Swiss bank accounts.”
October 10, 2016 - Michigan Business Owner Pleads Guilty to Concealing Swiss Bank Account
“There are no safe havens for hiding money in secret bank accounts around the globe,” said Chief Richard Weber of Internal Revenue Service (IRS) Criminal Investigation (CI). “Wealthy individuals hiding assets abroad should know that IRS criminal investigators will find them. You can no longer hide behind a veil of secrecy, sham companies or offshore bank accounts.”
September 22, 2016 - ‘Bahamas Leaks’ puts spotlight on UBS and Credit Suisse
One out of every ten offshore companies registered in the Bahamas since 1990 has been created by Swiss banks UBS and Credit Suisse, according to a cache of documents known as ‘Bahamas Leaks’, which has been examined by media outlets, including several Swiss newspapers.
September 12, 2016 - Why Swiss Private Banks Still Face Taxing Times
Within Europe, the total amounts “regularized” between 2011 and the end of last year were huge, more than 40 billion Swiss francs ($41 billion) for Credit Suisse and another 30 billion francs for UBS.
August 25, 2016 - UBS whistleblower exposes 'political prostitution' all the way up to President Obama
That's the ultimate conflict of interest because he should have been there helping to investigate UBS on behalf of the American taxpayers, but instead he was taking money from UBS. I call it political prostitution. He is taking millions of dollars from a criminally corrupt bank in direct violation to his oath of office."
August 19, 2016 - Credit Suisse is accusing the 5 bankers who left for Jefferies of stealing confidential information
In court documents, Credit Suisse said its former employees printed and transferred confidential information about transactions, client presentations, conferences and internal research. The bank said they could cause "irreparable harm" if they used the information. They said the information could help the five to pursue deals that were in Credit Suisse's pipeline.
July 11, 2015 - Credit Suisse Terminates Private Banking in Russia
A source close to Credit Suisse Moscow told the magazine only few Russian clients used the service and there were no complaints about the change.