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Swiss Banks

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...

Swiss National Bank Head Resigns In Wake Of Public Uproar

AP | JOHN HEILPRIN | Posted 03.10.2012 | Business

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 | Business

* 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 | Business

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 | 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...

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

Posted 12.28.2011 | Business

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 | Business

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 | Business

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 | Business

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 | Business

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 | Business

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 | Business

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 | Business

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 | Business

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 | Business

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 | Business

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 | Business

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

UBS To Cut 3,500 Jobs

AP | Posted 10.24.2011 | Business

GENEVA -- Swiss bank UBS AG said Tuesday it is cutting 3,500 jobs worldwide as part of an effort to save 2 billion Swiss francs ($2.5 billion) annuall...

Credit Suisse Is 'Target' Of Inquiry

wsj.com | DEBORAH BALL, | Posted 09.16.2011 | Business

U.S. prosecutors are ratcheting up the pressure on Credit Suisse Group AG as part of an escalating tax-evasion probe....

Credit Suisse Targeted In U.S. Tax Evasion Probe

AP | FRANK JORDANS | Posted 09.14.2011 | Business

GENEVA — The U.S. Justice Department is investigating Credit Suisse Group's offshore business with wealthy American clients as part of a larger ...

Switzerland Freezes Syrian Assets

Reuters | Posted 09.02.2011 | World

ZURICH, July 3 (Reuters) - Switzerland has blocked Syrian assets worth 27 million Swiss francs ($32 million), Swiss news agency SDA reported on Su...

IRS Drastically Increases Its Audits Of America's Richest Taxpayers

The Huffington Post | Maxwell Strachan | Posted 05.27.2011 | Business

In 2009, the Internal Revenue Service announced plans to unleash a new enforcement unit called the Global High Wealth Industry, the goal being to bett...

U.S. Banks Oppose Stricter Money Rules

Wall Street Journal | DEBORAH BALL AND CASSELL BRYAN-LOW | Posted 05.25.2011 | Business

Even as governments freeze assets tied to regimes in Libya, Egypt and Tunisia, U.S. banks are resisting efforts to tighten international rules to prev...

Swiss Tax Whistleblower Hands Over Data To WikiLeaks

Posted 05.25.2011 | Business

LONDON, Jan 17: A former Swiss private banker handed over data on hundreds of offshore bank account holders to WikiLeaks founder Julian Assange at a n...