January 5, 2012 - Zuercher Kantonalbank calls time on U.S. clients-paper
"The cantonal bank is giving its customers 60 days to name a new bank where ZKB can transfer their assets," Tages-Anzeiger said on Thursday, adding account holders who reside in the U.S. had been informed by letter before Christmas.
December 26, 2011- ZKB Says Department of Justice Asks for Details on U.S.
“The letter was written in a very friendly tone,” requesting statistical material and other information about the bank’s U.S. business, ZKB spokesman Urs Ackermann said in a telephone interview from Zurich today. “It does not involve handing over client data.”
December 22, 2011 - ZKB says cooperating with US offshore account probe
No data which identifies clients directly is being sent to the U.S. as part of the move, a spokesman for local government-controlled ZKB said.
December 21, 2011 - Switzerland and U.S. close to tax agreement-report
Switzerland and the United States are “practically close” to accomplishment an agreement to end a long-in succession dispute over wealthy Americans using secret Swiss accounts to dodge taxes, the Swiss ambassador to the United States told website swissinfo on Tuesday.
December 21, 2011 - Switzerland and U.S. close to tax agreement-report
Switzerland and the United States are “practically close” to accomplishment an agreement to end a long-in succession dispute over wealthy Americans using secret Swiss accounts to dodge taxes, the Swiss ambassador to the United States told website swissinfo on Tuesday.
December 19, 2011 - US offers Switzerland tax row deal: report
However, according to the newspaper, which cited an unnamed source, the names of American clients would remain anonymous.
December 18, 2011 - U.S. offers 11 Swiss banks deal to end tax row-paper
U.S. officials are offering 11 Swiss banks, among them Credit Suisse (NYSEArca: CSMA - news) , a deal that allows them to avoid criminal prosecution in exchange for revealing full details of their U.S. offshore business to Washington, a paper reported on Sunday.
December 13, 2011 - Swiss upper house backs move to end U.S. tax row
Parliament's upper house backed a proposal aimed at sealing any potential legal loopholes and avoiding a lengthy court fight by bank clients seeking to protect their identity.
November 14, 2011 - Credit Suisse released 130 US client files: report
The 11 Swiss banks currently being investigated include Julius Baer, Zuercher KantonalBank and Bank Wegelin.
November 10, 2011 - Oldest Swiss private bank to offer US client names
Clariden Leu AG, with roots that make it Switzerland's oldest private bank, has begun telling certain U.S. customers suspected of offshore tax evasion that it will disclose their names to the U.S. Internal Revenue Service, with the help of Swiss authorities.
November 4, 2011 - No Swiss govt payment offer over U.S. tax probe
The Swiss government has not offered a financial settlement to end an ongoing U.S. tax investigation into a number of the country's banks and remains willing to hand over bank client names as part of any deal, a spokesman said on Friday.
November 4, 2011 - No Swiss govt payment offer over U.S. tax probe
The Swiss government has not offered a financial settlement to end an ongoing U.S. tax investigation into a number of the country's banks and remains willing to hand over bank client names as part of any deal, a spokesman said on Friday.
November 3, 2011 - Swiss offer US tax deal for all Swiss banks
The government of Switzerland has proposed a multibillion-dollar settlement with U.S. authorities over allegations that it helped wealthy Americans avoid billions of dollars in U.S. taxes, according to sources briefed on the matter
October 26, 2011 - Tax probe widened to 17 Swiss banks: report
U.S. authorities have widened their investigation to 17 Swiss banks under scrutiny for possibly helping wealthy Americans dodge taxes, a Swiss newspaper reported, citing several financial sector sources.
October 24, 2011 - Swiss Banks May Pay Billions to U.S., Disclose Client Na
U.S. and Swiss officials are concluding negotiations on a civil settlement amid U.S. criminal probes of 11 financial institutions, including Credit Suisse Group AG (CSGN), suspected of helping American clients hide money from the Internal Revenue Service