Swiss Banks

Oldest Private Swiss Bank Denies Claims It Helped Americans Evade Billions In Taxes

Reuters | Posted 05.24.2012

NEW YORK, May 23 (Reuters) - Wegelin & Co, the oldest Swiss private bank, is digging in its heels against a U.S. criminal charge that it conspir...

Judge Rules Billionaire Can't Blame Bank For His Own Tax Evasion

Reuters | Posted 04.11.2012

* Judge dismisses case a month before trial * Former client tried to blame Swiss bank By Lynnley Browning ...

Fur Coats, Pricey Cars Show Business Is Still Good For Swiss Bankers

Reuters | Posted 05.20.2012

* Swiss appeal based on stability, neutrality, steady economy * Emerging markets make up for losses in "old world" By E...

Another Big Bank Plans To Hand Out Out Pink Slips

The Huffington Post | D.M. Levine | Posted 02.24.2012

Wall Street keeps shrinking. Credit Suisse will begin laying off employees in New York the second week of March, according to a company filing with...

How To Stash Cash In An Offshore Bank Account

AP | CONNIE CASS | Posted 04.14.2012

WASHINGTON — Movie super spies James Bond and Jason Bourne use them. So do real-life presidential candidate Mitt Romney, who says he pays his ta...

U.S. Calls Big Swiss Bank A 'Fugitive'

AP | By DAVID B. CARUSO | Posted 02.11.2012

NEW YORK -- The U.S. Justice Department called Switzerland's largest private bank a fugitive from justice on Friday after it didn't send any represent...

Swiss Bankers Anxious After Bank Indicted Over Tax Evasion

Reuters | Posted 04.05.2012

By Katharina Bart ZURICH, Feb 3 (Reuters) - The first indictment of a Swiss private bank over hiding untaxed money for wealthy Americ...

Protestors Vandalize Swiss National Bank Ahead Of Davos

Reuters | Posted 03.19.2012

(Adds detail on attendees in paragraphs 6-7) ZURICH, Jan 18 (Reuters) - Swiss police said on Wednesday they had arrested two men suspe...

Swiss Finance Minister: U.S. 'Not Easy Partners' In Tax Evasion Deal

Reuters | Posted 03.13.2012

* Talks underway with Italy to find solution, Swiss finance minister says * Americans "not easy partners" in long-running dispute, she...

Swiss National Bank Head Resigns In Wake Of Public Uproar

AP | JOHN HEILPRIN | Posted 03.10.2012

GENEVA (AP) — Swiss National Bank chief Philipp Hildebrand resigned Monday, acknowledging he could not prove his innocence amid a public uproar over...

Case Reveals Potential Tax Evasion Links At Swiss Banks

Reuters | Posted 03.06.2012

* Indictment of 3 Wegelin bankers highlights ties * Inter-bank links key to U.S. tax evasion crackdown * Authorities eye...

Report: Swiss Central Bank Chief Head Personally Profited From Dollar Trades

AP | FRANK JORDANS | Posted 03.05.2012

GENEVA — After days of stonewalling, the Swiss National Bank gave in Wednesday to demands it shed light on currency trades from its chief's pers...

Swiss Bankers Charged With Hiding U.S. Taxpayer Accounts From The IRS

Posted 01.03.2012

Three Swiss bankers were charged Tuesday with hiding more than $1.2 billion in U.S. taxpayer accounts from the IRS, by Preet Bharar, the Manhattan U.S...

U.S. Using New Tactic For Finding Suspected Swiss Bank Tax Cheats

Posted 12.28.2011

U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more ...

Big Swiss Bank To Give Up Spot In Investment Banking's Top Ten

Posted 12.23.2011

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, ...

U.S. Offers 11 Swiss Banks Deal To Avoid Criminal Prosecution On Tax Evasion

Posted 12.18.2011

ZURICH (Reuters) - U.S. officials are offering 11 Swiss banks, among them Credit Suisse , a deal that allows them to avoid criminal prosecution in...

Tax Evasion Crackdown Could Mean Big Losses For Swiss Banks

AP | Posted 11.29.2011

GENEVA -- A study by consultancy firm Booz & Co. claims Swiss banks stand to lose 1.1 billion Swiss francs ($1.2 billion) in annual revenue because of...

Ex-UBS Banker Gets Five Years In Prison For Aiding U.S. Tax Evasion

Posted 11.18.2011

A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation Frida...

Switzerland Adds Client Safety Net To U.S. Tax Evasion Agreement

Posted 11.16.2011

The Swiss cabinet approved on Wednesday an amendment to a tax agreement with the United States to ensure that bank clients are properly informed a...

Major Swiss Bank To Disclose Names Of U.S. Clients Suspected Of Tax Evasion

Posted 01.08.2012

Credit Suisse AG, Switzerland's second-largest bank, has begun notifying certain U.S. clients suspected of offshore tax evasion that it intends to...

Credit Suisse Announces Major Job Cuts

Posted 01.01.2012

Credit Suisse (CSGN.VX) will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new ...

Tax Evasion Campaign Yields Billions In Offshore Assets

Posted 12.25.2011

An international drive against offshore tax havens has reaped nearly 14 billion euros from would-be tax evaders, the Organization for Economic Coo...

Swiss May Give U.S. Access To Bank Client Data In Tax Evasion Disputes

Posted 12.18.2011

A Swiss parliamentary commission is edging toward accepting a government proposal that would allow the transfer of bank clients' data to the Unite...

Swiss Banks Summoned To Hearing On Tax Evasion

Posted 12.16.2011

ZURICH - Swiss banks accused of helping Americans to dodge taxes have been summoned to a parliamentary committee hearing this week at which they w...

Rogue Trader Fallout: UBS Starts Internal Probe Into $2.3 Billion Loss

Posted 11.19.2011

ZURICH (Reuters) - UBS kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the S...