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Swiss Banks

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 ...

Wanna Shrink The Deficit? Go Arrest These Guys

AP | MARCY GORDON | Posted 02.26.2014 | Politics

WASHINGTON (AP) — Billions of dollars in U.S. taxes are going unpaid because Americans are exploiting Swiss bank accounts, and the U.S. government h...

Swiss Authorities Probe Banks Over Foreign Exchange Rates

AP | Posted 10.04.2013 | Business

GENEVA -- GENEVA (AP) — Swiss authorities are investigating whether several of the country's banks were involved in manipulating foreign currency ex...

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 | 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 | 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 governme...

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, ...

Scared Swiss Bankers Now Have A Hotline To Call

AP | Posted 06.07.2012 | Business

GENEVA -- Swiss bankers worried they may be arrested abroad as part of tax evasion probes now have a special number to call for advice. The Swiss Ban...

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 conspir...

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...

How To Stash Cash In An Offshore Bank Account

AP | CONNIE CASS | Posted 04.14.2012 | Business

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 | Business

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 | Business

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