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Swiss Banks

How U.S. Sidelines Some of the Corrupt in the Former Soviet Union

Armine Sahakyan | Posted 02.22.2016 | World
Armine Sahakyan

Image: Stock Photo. FreeImages.com/Evgenia Pronina Most residents of the former Soviet Union hate the corruption that prevents everyone but a tiny mi...

Country May Adopt World's Highest Minimum Wage

Reuters | Posted 05.13.2014 | Business

* Swiss to vote on proposed minimum wage on May 18 * Follows votes to curb immigration, executive pay * Poll shows 64 pct reject the measure ...

DOJ Reaches Deal To Crack Down On Tax Cheats

Reuters | Posted 10.29.2013 | Business

* Applies to banks not yet under U.S. investigation * Banks to pay penalties, disclose information * Swiss bankers' body...

Ben Hallman

Tax Cheats Need A New Place To Hide Their Money

HuffingtonPost.com | Ben Hallman | Posted 08.29.2013 | Business

For the discerning American tax evader, there once was no more desirable location than Switzerland to stash cash. Swiss banks were prized for thei...

Ryan J. Reilly

U.S., Switzerland Near Deal In Crackdown On American Tax Cheats

HuffingtonPost.com | Ryan J. Reilly | Posted 08.29.2013 | Business

WASHINGTON -- The U.S. and Switzerland are nearing a deal that would allow some Swiss banks to avoid prosecution for sheltering the funds of wealthy A...

Swiss Banks Pay $1.24 Billion To Holocaust Survivor Fund

Agence France Presse | | Posted 09.14.2013 | World

Holocaust survivors and victims' heirs have received $1.24 billion from a Swiss fund set up after a scandal over dormant accounts of Jews killed in Wo...

Sweetheart Deferred Prosecution Deals for Swiss Banks

Russell Mokhiber | Posted 08.05.2013 | Business
Russell Mokhiber

Major Swiss banks were positioning themselves last week to survive a U.S. Justice Department criminal probe for sheltering wealthy American tax dodgers. (Translation: Prepare the deferred prosecution agreements.)

Swiss Bankers Charged For Hiding Millions In Offshore Accounts

Reuters | Posted 12.19.2012 | Business

Dec 19 (Reuters) - The U.S. Attorney's Office in Manhattan announced charges Wednesday against three Swiss bankers, who the government said conspire...

Stinks To Be UBS Right Now

Reuters | Posted 02.14.2013 | Business

* UBS already predicted Q4 loss over investment bank restructure * Chairman Axel Weber involved in trying to prevent conviction ...

Swiss Hoping To Reach Deal Over Tax Probes

Reuters | Posted 11.11.2012 | Business

ZURICH (Reuters) - Switzerland hopes to restart talks with the U.S. over a long-simmering tax dispute following the re-election of president Obama, it...

Switzerland Offers Military Bunkers For Priceless Art Storage

Reuters | Posted 12.28.2012 | World

By Catherine Bosley and Myles Neligan ZURICH/LONDON, Oct 28 (Reuters) - A metal door set into a mountain in Switzerland offers a way o...

Swiss Banks Sweating As U.S. Mulls Punishment

Reuters | Posted 10.12.2012 | Business

By Katharina Bart ZURICH, Aug 12 (Reuters) - Swiss banks hoping to atone for decades of complicity in tax evasion may be left to sweat...

Why Mitt Romney Should Proudly Release His Tax Returns

Don McNay | Posted 10.05.2012 | Politics
Don McNay

Is that Mitt's fault or Congress's fault? If I had Mitt's money, I would be looking for every tax advantage that Congress has to offer. If I were a financial adviser to Mitt Romney, I would be helping him find those tax advantages. Just like any other good adviser would do.

IRS To Give Americans With Offshore Accounts A Break

Reuters | Posted 08.26.2012 | Business

By Lynnley Browning June 26 (Reuters) - Many Americans living abroad will get a small reprieve from U.S. Internal Revenue Service rule...

Swiss Bankers Are Afraid To Leave Switzerland

The Huffington Post | Bonnie Kavoussi | Posted 06.16.2012 | Business

For many Swiss bankers, taking vacation out of the country is just too risky. As the U.S. cracks down on Swiss bank accounts and U.S. tax dodgers, ...

Madoff Trustee Seeking Hundreds Of Millions From Swiss Banks

Reuters | Posted 08.06.2012 | Business

* Hundreds of millions of dollars sought from private banks * Banks said to receive transfers from Madoff feeder funds *...

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

Reuters | Posted 07.23.2012 | Business

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 conspired t...

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

Reuters | Posted 06.10.2012 | Business

* 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 | Business

* 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 | Business

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...

Swiss Bankers Anxious After Bank Indicted Over Tax Evasion

Reuters | Posted 04.05.2012 | Business

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 | Business

(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 | Business

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

Case Reveals Potential Tax Evasion Links At Swiss Banks

Reuters | Posted 03.06.2012 | Business

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

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

Posted 01.03.2012 | Business

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...