June 11, 2012 - Swiss finance minister hints at agreement with US over bank accounts
"My impression at the moment is that the US wants a solution by the elections. Both sides endeavour to find a solution in the foreseeable future," Widmer-Schlum
June 8, 2012 - Swiss banks easing secrecy norms
German citizens hold an estimated $291.8 billion in Swiss accounts, about 60 percent of which are undeclared.
June 8, 2012 - Worried Swiss bankers get own advice hotline
The Swiss Bank Employees Association SBPV says it has set up a hotline to counsel bankers who fear they could be targeted because of their clients' tax evasion.
June 8, 2012 - Swiss return Nazi-looted goblet
Switzerland announced on Thursday the return of a 17th century silver goblet to the estate of its Jewish owner, 75 years after its purchase at auction in Nazi-e
June 7, 2012 - U.S. hopes Swiss tax talks over by election -envoy
The United States hopes to settle its dispute with Switzerland over unpaid taxes on money held in Swiss bank accounts by the U.S. presidential election in Novem
June 7, 2012 - Three Swiss banks sued for CHF521.6 Million in connection with Madoff’s case
Picard also sued Credit Suisse and Julius Baer in Zurich for a combined UDD$216.5 Million.
June 6, 2012 - Private bank LGT builds Dubai presence - sources
LGT's operations are likely to be based in the tax-free Dubai International Financial Centre (DIFC), home to most global banks in the region, the sources said.
June 5, 2012 - U.S. aims at five EU tax evasion deals this month
In February, the Treasury announced it would work with the five - France, Germany, Italy, Spain and the United Kingdom - to implement the U.S. Foreign Account T
June 4, 2012 - Swiss Government Adopts Stricter Capital Rules for Banks
UBS and Credit Suisse, Switzerland’s biggest banks, will have to hold equity amounting to at least 4.56 percent of their total assets on the balance sheet and c
June 4, 2012 - U.S. Prosecutor in Tax Cases to Make Exit
Kevin Downing, a 15-year federal prosecutor, is joining Miller & Chevalier on June 11, the firm is expected to announce Monday.
June 1, 2012 - U.S. prosecutor in Swiss tax probe to exit
The U.S. prosecutor most responsible for piercing the veil of Swiss bank secrecy has resigned, but tax experts said his exit was unlikely to slow Justice Depart
May 31, 2012 - Downing Said to Resign From Justice Department Tax Post
Kevin Downing, the Justice Department prosecutor who directed the U.S. crackdown on offshore tax evasion, resigned effective June 4, according to a person famil
May 31, 2012 - Prosecutor in Swiss bank cases resigns: source
Kevin Downing, 46, who has led agency criminal probes of the Swiss banking industry, and earlier of banks and accounting firms, is leaving to join a law firm, t
May 31, 2012 - Fort Lauderdale man pleads guilty to tax charge
The plea agreement includes repayment of a tax loss of $312,802 for 2002 through 2007. Roessel also owes the U.S. Treasury $5,750,934 in penalties,
May 31, 2012 - Fla. man guilty in tax case with secret accounts
He faces up to three years in prison and a maximum $250,000 fine. Roessel also must pay back taxes and a $5.7 million penalty for failing to report the Swiss ac