March 29, 2012 - Leumi orders American clients to declare U.S. knows of their assets
Bank Leumi has told its American clients that they must submit a declaration by the end of April that they've reported their bank accounts to the U.S. tax autho
March 29, 2012 - budget leaks the cost of US taxman demands
The number of clients whose data the bank turned over to Swiss authorities in order for the government to share them with US authorities is 650, and the expecte
March 27, 2012 - U.S. Tax-Evasion Probes Said to Slow as Prosecutors Transfer
Twenty-five of the 95 prosecutors in the tax division left headquarters in Washington for six-month “details” with U.S. attorneys around the country, and anothe
March 27, 2012 - Swiss-German Tax Deal Deadline Looms Amid Breakthrough Signs
There are signs that a last-minute compromise may be imminent between the Swiss and German governments on a tax deal that could generate billions of euros of ta
March 27, 2012 - Switzerland’s Finma Sees No ‘Tragedy’ in Offshore Wealth Decline
Wealth managers in Switzerland face “great challenges” that may topple the country as the world’s biggest offshore center, the Swiss financial supervisory autho
March 26, 2012 - IRS forms "SWAT team" for tax dodge crackdown
The Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country to country to lower their tax bill
March 26, 2012 - Swiss abroad angry with 'unfair' Swiss banks
The Council of the Swiss Abroad has passed a unanimous resolution calling on Swiss banks not to discriminate against citizens living in foreign countries.
March 26, 2012 - Credit Suisse Asks U.S. Clients on Tax, Aargauer Says
The letters were sent as part of the bank’s efforts to ensure its clients comply with U.S. tax regulations, Credit Suisse spokesman Marc Dosch said via phone. H
March 26, 2012 - Credit Suisse Asks U.S. Clients on Tax, Aargauer Says
Credit Suisse sent letters to as many as 4,000 clients. The bank will end its relations with account holders who don’t disclose the details by April 23, the new
March 23, 2012 - Germany, Switzerland rush to seal bank tax pact
A Swiss government spokesman said Switzerland is seeking a resolution to the talks by month's end, a key date if both governments wants to push agreements throu
March 23, 2012 - Credit Suisse CEO Dougan Takes Sharp Pay Cut In 2011
Sergio Ermotti, who took over as CEO at UBS AG (UBS) on Sept. 24 after heading the bank's Europe, Middle East, and Africa operations since April, received total
March 23, 2012 - Public prosecutor says “pertinent” material found during Blocher search
Blocher is suspected of breaking Swiss banking secrecy laws in December when he was the recipient of information about the private bank account of Philipp Hilde
March 23, 2012 - Swiss Banks Adjusting to Radical New Regulations
In a major change of their business models, Credit Suisse and UBS are scaling back the size and risk appetite of their investment banking operations and putting
March 22, 2012 - Swiss banks still do well despite attack on secrecy
Although Swiss banks — especially the country's biggest UBS — have shared in the pain of the crisis, they have retained an image for solidity, particularly in c
March 22, 2012 - Credit Suisse's Dougan Says Bank to Meet Regulations VIDEO
Dougan, speaking with Bloomberg Television's Susan Li at the Credit Suisse Asian Investment Conference in Hong Kong, also discusses China's economy and banking