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 account
October 24, 2016 - Credit Suisse to Pay 109.5 Million Euros in Italy Tax Probe
Credit Suisse Group AG agreed to pay 109.5 million euros ($119 million) to Italian authorities investigating the bank’s past use of insurance policies, allegedl
October 23, 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 b
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 i
October 18, 2016 - Whistleblower who helped U.S. recover $5-billion in taxes wants to help Canada too
Bradley Birkenfeld told The Hill Times that he'd be happy to provide valuable information with documents that could help Canadian authorities recover unpaid fed
October 14, 2016 - British Virgin Islands: have they cleaned up since the Panama Papers?
There is also little evidence of a change in attitudes on the part of the country’s leadership. A judge in BVI’s Commercial Court recently attributed the popula
October 13, 2016 - Switzerland, Singapore Target UBS, Falcon Bank in 1MDB Crackdown
Switzerland’s top prosecutor is also considering whether to open a criminal case against the lender that was told to shut down in Singapore, Falcon Private Bank
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 reasona
October 11, 2016 - Singapore Fines Two Big Banks and Shuts Down Another Over 1MDB Scandal
In Zurich, the Financial Market Supervisory Authority (FINMA), ordered Falcon to turn over 2.5 million Swiss francs ($2.56 million) in what the watchdog said we
October 11, 2016 - Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB
The Monetary Authority of Singapore (MAS) said in a statement it had ordered Zurich-based Falcon Private Bank's Singapore branch to cease operating because of "
October 10, 2016 - UBS CEO: European banks 'in much better shape' now than several years ago
The comments came as Deutsche Bank (DBKGn.DE), Germany's biggest lender, faces heavy pressure as it fights a penalty of up to $14 billion that the U.S. Departme
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 Invest
September 27, 2016 - German spy investigated for tax evasion
Investigators first got on his trail after one of his aliases was found among names of UBS account holders found on a CD which the state of North-Rhine Westphal
September 27, 2016 - France requests data on 45,000 UBS accounts from Switzerland
UBS was ordered by the Swiss Federal Tax Administration to provide account information to French authorities in July. At the time it was not known how many acco
September 26, 2016 - Swiss financials find lucrative opportunities at home
The big snag with domestic expansion is that Switzerland is not a fast-growing economy, even if immigration is increasing its population. So international expan