February 20, 2014 - Basler Kantonalbank Says Profit Halved on U.S. Tax Provision
a Swiss regional state-controlled lender, said profit more than halved after a 109 million-franc ($122 million) provision in relation to a U.S. probe into tax evasion by Americans.
December 24, 2013 - TLPA Consulting On Swiss Bank Disclosure Program
Teig Lawrence is available to consult with Swiss Banks of all sizes with respect to satisfying the compliance requirements of this Swiss Bank Voluntary Disclosure Program.
December 23, 2013 - Basler Kantonalbank to take $112.74 million provision f
Credit Suisse, which took a 295 million franc provision two years ago, and Julius Baer, which has not set anything aside, declined to comment on Thursday.
December 19, 2013 - Basler Kantonalbank to take 100 mln Sfr provision for U
Basler Kantonalbank said it will take a 100 million Swiss franc ($112.74 million) provision against full-year earnings to cover legal costs and fines from a U.S. crackdown on tax evasion.
December 16, 2013 - Several Swiss cantonal banks to join U.S. tax deal
Banque Cantonale Vaudoise (BCV), Banque Cantonale de Geneve (BCGE), St. Galler Kantonalbank, Zuger Kantonalbank, Luzerner Kantonalbank and Graubuendner Kantonalbank said they were participating in the program.
December 11, 2013 - Two more Swiss banks join U.S. tax deal
Bank Coop and Migros Bank said on Tuesday they would participate in the U.S. scheme.
They join Valiant Holding and Berner Kantonalbank, two mainly retail banks, and Zurich-based private bank and securities firm Vontobel Holding AG
December 2, 2013 - Swiss Authorize Group of Banks to Cooperate With U.S.
“The Federal Council gave various banks authorization to cooperate,” the government in Bern said in a statement on its website today, without disclosing the number or names of lenders. Banks were “encouraged” to give “serious consideration to their participation in the program and to make their decisions in this regard in a timely manner,” it said.
October 24, 2013 -- Ex-UBS Banker Lack Surrenders to U.S. in 2011 Tax Case
A former UBS AG (UBSN) banker surrendered to U.S. authorities to face a 2011 indictment that he conspired to help wealthy Americans evade taxes by hiding accounts in a smaller Swiss regional bank.
September 10, 2013 - Swiss bury tax fraud hatchet with US, but at what cost
The lower house of the Swiss parliament voted on Monday in favour of a law that will require Swiss banks to report the holdings of their current and future American clients to US tax authorities.
Sept 9, 2013 - Secret Swiss accounts no longer safe tax dodge
‘‘If someone had an account in Switzerland, it is beyond foolish to think that that account is going to remain secret,’’ said Keneally.
September 4, 2013- Swiss Bank Group’s Odier Sees U.S. Tax Spat Resolved by
“The situation would be sorted out within the next 12 to 18 months,” Odier, 58, told reporters in Zurich today. “That’s the advantage of having a program.”
August 29, 2013 -- Justice Department, Switzerland in Bank Settlement Talks
The plan would create four tiers of banks and require some to pay fines and name names, according to a senior Department of Justice official.
August 29, 2013 -- Banks back plan to end US tax evasion row
According to the Swiss newspaper Tages-Anzeiger and a journalists' conference call with a senior US Justice Department official, banks will pay fines of between 20 and 50 per cent of the assets they helped clients hide from the US tax authorities under the agreement.
August 23, 2013 -- U.S. looks to turn the screw in Swiss banks talks
The United States is pushing Switzerland for a deal to settle a long-running dispute over banks that shelter tax evaders, a Swiss government source said on Thursday, ratcheting up the pressure after parliament rejected an accord in June.
July 22, 2013 - Julius Baer CEO Expects Swiss-U.S Tax Dispute Agreement
“I think we’re getting into the final chapter of discussions between the two governments,” the CEO of Switzerland’s third-largest wealth manager said at an investor presentation in Zurich today. “That should result in some kind of framework agreement.”