April 15, 2014 - UBS Chairman Weber Sees Leverage-Ratio Rules Tightening More
Swiss and international regulators will probably ask banks to hold more capital in relation to total assets after the U.S. raised leverage-ratio requirements fo
April 10, 2014 - Julius Baer Sees Resolution to US Tax Probe in Foreseeable Future
"We are working closely together with the U.S. authorities and are fundamentally ready to reach a settlement. We are confident that this tax issue of the past c
April 7, 2014 - UBS Names Novakovic Head of Investment Bank in Switzerland
UBS AG (UBSN) appointed Christine Novakovic as head of its investment bank in Switzerland, replacing Peter Guenthardt, who left the bank last month.
April 7, 2014 - Credit Suisse Is Said to Be Facing Double-Barreled Inquiries
After years of false starts and stops, the Justice Department is nearing the end of an investigation into the role Credit Suisse played in hiding American wealt
April 3, 2014 - Credit Suisse Restates Fourth-Quarter Loss on U.S. Provision (1)
The net loss amounted to 476 million Swiss francs ($534 million), the Zurich-based bank said today, as it set aside an extra 468 million francs, primarily relat
April 2, 2014 - Switzerland to probe forex rigging
WEKO said it is investigating UBS, Credit Suisse, Zuercher Kantonalbank (ZKB), Julius Baer, JP Morgan, Citigroup, Barclays and Royal Bank of Scotland.
March 31, 2014 - Luxembourg signs FATCA agreement
Luxembourg has signed a FATCA agreement with the US, becoming the latest country to put in place legislation to manage the punitive tax rules.
March 31, 2014 - Going overboard
The islands have now come up with cybercrimes legislation that slaps a prison term of up to 20 years and a possible $1m fine on anyone, in any country, who leak
March 28, 2014 - ATO Launches Offshore Tax Amnesty
The Australian Taxation Office (ATO) has launched a new amnesty campaign to encourage taxpayers to disclose omitted income or over-claimed deductions relating t
March 26, 2014 - Issa threatens IRS chief with contempt over Lerner emails
The chairman of the House Oversight and Government Reform Committee threatened to hold the IRS commissioner in contempt of Congress if he does not turn over ema
March 25, 2014 - U.S. and Canadian Citizens Charged with Using Offshore Accounts and Foreign Nominee Entities to Launder $200
March 24, 2014. Joshua Vandyk, a U.S. citizen, and Eric St-Cyr and Patrick Poulin, Canadian citizens, were indicted for conspiracy to launder monetary instrumen
March 25, 2014 - Russian Charged With Hiding Millions in Swiss Bank Accounts
Lipukhin, 50, and another individual opened an account at Zurich-based UBS in 2002 in Switzerland with more $47 million transferred into it from a previously ma
March 25, 2014 - How will the US tax crackdown affect the Swiss banking industry?
‘We see this as a turning point in the industry, which is that global wealth management should be based around fully tax compliant assets. They are definitely m
March 19, 2014 - California Attorney Sentenced to Prison in Scheme to Hide Millions in Secret Swiss Accounts
According to the evidence presented at trial, Kerr and Quiel, with the assistance of Rusch and others, including Swiss nationals, established nominee foreign en
March 19, 2014 - Levin and McCain to DOJ: Extradite Swiss bankers
"We urge DOJ to at least attempt to use the authorities laid out in [the extradition] treaty" between the U.S. and Switzerland, the senators wrote. "Even if a r