October 3, 2011 - 2nd list of Indian Swiss accounts to be shared
Video asserting that second list of Indian clients will be shared by German goverment.
September 29, 2011 - U.S. client tax indictment raises pressure on HSBC
Europe's second-largest bank, on Wednesday with an indictment that laid out the role of two unnamed senior HSBC executives in providing tax evasion services to
September 29, 2011 - Swiss Parliament Paves Way For Strict Bank Capital Rules
Switzerland's parliament Thursday backed a proposed new law that requires Swiss banks UBS AG (UBS) and Credit Suisse (CS) to shore up their capital to make sure
September 28, 2011 - HSBC India Client Indicted in U.S. Tax Case Over $8.7 Million Account
A Wisconsin neurosurgeon was re- indicted by a U.S. grand jury on new charges that he failed to declare an HSBC Holdings Plc (HSBA) account in India valued in 2
September 28, 2011 - IRS strikes a conciliatory tone toward Canadians
The IRS “recognizes that many Canadians face complex tax situations because of dual citizenship,” Terry Lemons said in a statement. Recent publicity about the i
9/27/2011 - Bloodletting At UBS May Not Be Over With CEO Exit
UBS is under pressure from investors and regulators regarding its inadequate risk management and internal control systems which led to a loss of $2.3 billion fr
September 28, 2011 - IRS: Ordinary people could become entangled by American high roller tax rules
The act will require Canadian banks to turn over information on American citizens with more than $50,000 in assets to the Internal Revenue Service.
September 27, 2011 - UBS's new CEO commits to keeping U.S. brokerage
Again: this business is not for sale," UBS Chairman Kasper Villiger and interim CEO Sergio Ermotti wrote in an internal memo. Ermotti was installed as CEO over
September 27, 2011 - Private banks can go it alone - Deutsche's De Weck
He said the future was still bright for the Swiss private banking industry, despite fierce pressure from U.S. authorities and neighbouring countries like German
September 26, 2011 - Timeline of turbulance at UBS
Here is a chronology of the events that have battered Switzerland’s financial flagship in recent years.
September 23, 2011 - UBS CEO Oswald Grübel resigns, it is his ‘duty’ he says
Oswald Gruebel, 67, has resigned as CEO of UBS AG, Switzerland’s largest bank, after a $2.3 billion dollar loss from unauthorized trading.
September 26, 2011 - Grubel Resigns
Grübel has now been forced to resign after UBS was hit with an internal crisis on his watch -- the discovery of unauthorised trades allegedly made by trader Kwe
September 23, 2011 - Offshore tax dodgers pay IRS nearly $3B
“My goal all along was to get people back into the U.S. tax system,” said IRS Commissioner Doug Shulman.
September 22, 2011 - U.S. has tax statistics from 10 Swiss banks – report.
U.S. authorities now have statistical data from the ten Swiss banks being investigated by the United States for helping U.S. clients to dodge taxes, Swiss newsp
September 21, 2011 - ZKB target of U.S. tax investigation
Swiss regional bank Zuercher Kantonalbank (ZKB) said it has been informed it is subject of an investigation by U.S. authorities, confirming a Swiss newspaper re