June 3, 2013 - SNB 'will not bail out troubled Swiss banks'
"The (Swiss) National Bank does not have as a task to save banks when they go insolvent," Thomas Jordan, chairman of the central bank, was quoted as saying in a
June 3, 2013 - Swiss have no choice but to bow to U.S. ultimatum - Ackermann
Switzerland has no choice but to bow to a U.S. ultimatum and sidestep its banking secrecy laws to end an investigation into how Swiss banks helped wealthy Ameri
June 3, 2013 - Swiss banks have 120 days to reach U.S. tax deal
Swiss banks trying to settle legacy tax evasion issues with the U.S. will only have 120 days in which to reach an agreement with the U.S. Department of Justice,
June 3, 2013 - Swiss Seen Passing U.S. Bank-Tax Law to Avoid Worse Fate
The Swiss parliament will probably pass a bill allowing banks to resolve a tax-evasion dispute with the U.S., dropping opposition for fear of leaving the countr
June 3, 2013 - Swiss have no choice but to bow to U.S. ultimatum - Ackermann
The Swiss parliament is divided over a government bill unveiled last week, which would let Swiss banks hand over internal information to the U.S. authorities in
June 3, 2013 - UBS France under investigation in secret bank accounts inquiry
The French branch of Swiss bank UBS is under formal investigation for allegedly touting for rich French clients who opened secret accounts in Switzerland.
May 30, 2013 - Switzerland looks to settle US tax dispute by letting banks lift veil of secrecy
"What we're really aiming for is that stability and calm finally returns, so our banks can go after their core business, which is providing good services," she
May 29, 2013 -Swiss Bow to Pressure for More Bank Data
We welcome the fact that there's a solution on the table," a Credit Suisse spokesman said. A Julius Baer spokeswoman and a Zürcher Kantonalbank spokesman also s
May 29, 2013 -Swiss government peels back bank secrecy rules
Julius Baer Group Ltd., another major Swiss money manager, said the announcement is a positive for the firm in that it now has a framework to resolve these issu
May 29, 2013 -Swiss Propose Framework for Banks to Settle U.S. Tax Dispute
“The U.S. may use the information to widen its probe to lawyers, trust companies, advisers and other middlemen who helped create the offshore structures used fo
May 29, 2013 - Credit Suisse Warns of U.S. Tax Spat Escalation if Talks Fail
"Should the efforts to settle fail after nearly three years of intense negotiating, it could lead to an escalation of the fight. I can only warn of this," Rohne
May 29, 2013 - Switzerland frees banks to settle U.S. tax evasion cases
the new proposal, valid for a year only, would allow them to hand over so much information on customers' behavior that U.S. officials should be able to identify
May 29, 2013 - US seeks client details from Julius Baer
"We confirm the receipt of a request for information from the Federal Tax Administration in Switzerland based on the effective double-taxation agreement between
May 28, 2013 - Julius Baer Gets Request for Data on U.S. Clients
The Julius Baer spokeswoman declined to specify how many clients would be affected by the request, which covers 2002 through 2012.
May 28, 2013 - Switzerland orders Julius Baer to hand over U.S. client data
Julius Baer said on Tuesday it was working to provide the data, which will be handed over under the terms of an existing Swiss-U.S. double taxation treaty, but