Banking in Switzerland

Latest stories

3h
Bangkok Post - Thailand's English news
French ex-budget minister goes on trial for tax fraudPARIS - France's former budget minister Jerome Cahuzac, who stashed millions ab
French ex-budget minister goes on trial for tax fraud
Bangkok Post - Thailand's English news / Posted 3 hours ago
PARIS - France's former budget minister Jerome Cahuzac, who stashed millions abroad while cracking down on tax cheats at home, went on trial Monday for tax fraud. France's former budget minister Jerome Cahuzac arrives for the first day of his trial... Read more
18 related stories
9h
AllAfrica.com
Swissleaks Scandal One Year On - Political Response to Tax Dodging Is Sluggish, Says OxfamThe political response to tax dodging in the 12 months since the SwissLeaks sca
Swissleaks Scandal One Year On - Political Response to Tax Dodging Is Sluggish, Says Oxfam
AllAfrica.com / Posted 9 hours ago
The political response to tax dodging in the 12 months since the SwissLeaks scandal hit the headlines has been slow and restrained, said Oxfam today. SwissLeaks exposed how global banking giant HSBC's Swiss branch helped wealthy individuals hide $100... Read more
13h
Market Watch
BOJ rift over negative rates laid bare in summaryTOKYO--The Bank of Japan's deep internal rift became clearer Monday after the r
BOJ rift over negative rates laid bare in summary
Market Watch / Posted 13 hours ago
TOKYO--The Bank of Japan's deep internal rift became clearer Monday after the release of a summary of its policy setters' views on the contentious decision last month to introduce a negative interest rate policy. The summary shows vigorous... Read more
15h
The Times & The Sunday Times
French ex-budget minister on trial for tax fraudThe 63-year-old faces up to seven years in jail and two million euros ($2.2 mil
French ex-budget minister on trial for tax fraud
The Times & The Sunday Times / Posted 15 hours ago
The 63-year-old faces up to seven years in jail and two million euros ($2.2 million) in fines if found guilty of stashing offshore his earnings from a lucrative hair-transplant business he ran with his now ex-wife. The Cahuzac scandal was the first... Read more
19h
Zero Hedge
Steve Keen Exposes Our Dysfunctional Monetary SystemAuthored by Steve Keen, originally posted at Forbes.com, The great tragedy of
Steve Keen Exposes Our Dysfunctional Monetary System
Zero Hedge / Posted 19 hours ago
Authored by Steve Keen, originally posted at Forbes.com, The great tragedy of the global economic malaise is that it is caused by a shortage of something that is essentially costless to produce: money. Both banks and governments can produce money... Read more
1d
The Malaysian Insider
Friends may turn foe as 1MDB probe unveils embarrassing connections When Swiss authorities weighed in on the 1Malaysia Development Berhad (1MDB)
Friends may turn foe as 1MDB probe unveils embarrassing connections
The Malaysian Insider / Posted yesterday
When Swiss authorities weighed in on the 1Malaysia Development Berhad (1MDB) investigations last week by openly requesting cooperation from Malaysia, Singapore and the United... Read more
2d
Naked Capitalism
John Helmer: Strauss-Kahn Finds a New Way of Dropping His Pantsthat even tarnished brand names can still be monetized. His Sudanese bank looks
John Helmer: Strauss-Kahn Finds a New Way of Dropping His Pants
Naked Capitalism / Posted 2 days ago
that even tarnished brand names can still be monetized. His Sudanese bank looks like an awful lot like the sort of financial institution that Richard Smith stalks. Strauss-Kahn has been losing large amounts of money in the courts of the US,... Read more
3d
San Antonio Express-News
This Just In: UBS Falls in Love With JP Morgan and Goldman SachsEarlier this week, Punxsutawney Phil predicted an early end to winter -- and ma
This Just In: UBS Falls in Love With JP Morgan and Goldman Sachs
San Antonio Express-News / Posted 3 days ago
Earlier this week, Punxsutawney Phil predicted an early end to winter -- and maybe he's right. Sure, it's February, and winter's chill still hangs in the air. But already, you can hear the sound of birds chirping, and up on Wall Street...the sweet... Read more
3d
Zero Hedge
The War On Savers And The 200 Rulers Of World FinanceSubmitted by David Stockman via Contra Corner blog, There has been an economic
The War On Savers And The 200 Rulers Of World Finance
Zero Hedge / Posted 3 days ago
Submitted by David Stockman via Contra Corner blog, There has been an economic coup d’état in America and most of the world. We are now ruled by about 200 unelected central bankers, monetary apparatchiks and their minions and megaphones on Wall... Read more
3d
Daily Mail
Nicky Hilton hides her baby bump as sister Paris flaunts her figureNicky Hilton conceals her baby bump in a thick leopard print coat as older sist
Nicky Hilton hides her baby bump as sister Paris flaunts her figure
Daily Mail / Posted 3 days ago
Nicky Hilton conceals her baby bump in a thick leopard print coat as older sister Paris flaunts her slim pins in figure-hugging dress She confirmed her pregnancy last month after weeks of speculation. But Nicky Hilton kept her blossoming baby bump... Read more
3d
Swissinfo
Can you be risk-averse and innovative?It is only permitted to use a hyperlink to specific SWI swissinfo.ch content on
Can you be risk-averse and innovative?
Swissinfo / Posted 3 days ago
It is only permitted to use a hyperlink to specific SWI swissinfo.ch content on the website of the party requesting the content or the website of a third party. The framing of content from SWI swissinfo.ch is only allowed if it is unchanged, without... Read more
5 related stories
3d
The Malaysian Insider
Frozen bank accounts sow doubts on Malaysia’s transparency effortssow doubts on Malaysia’s transparency efforts Published: 5 February 2016 7:41
Frozen bank accounts sow doubts on Malaysia’s transparency efforts
The Malaysian Insider / Posted 3 days ago
sow doubts on Malaysia’s transparency efforts Published: 5 February 2016 7:41 AM Analysts say Malaysia's efforts at becoming more transparent are hampered by ongoing probes into 1Malaysia Development Bhd (1MDB). – AFP pic, February 5, 2016.Bank... Read more
142 related stories
4d
Business Wire
Aspen Reports Results for Quarter and Year Ended December 31, 2015HAMILTON, Bermuda--(BUSINESS WIRE)--Aspen Insurance Holdings Limited (“Aspen”)
Aspen Reports Results for Quarter and Year Ended December 31, 2015
Business Wire / Posted 4 days ago
HAMILTON, Bermuda--(BUSINESS WIRE)--Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) reported today net income after tax of $117.9 million, or $1.75 per diluted share, and operating income after tax of $84.0 million, or $1.21 per diluted share,... Read more
45 related stories
4d
The Birmingham Times
Looking toward Birmingham’s futureBirmingham Times Staff Birmingham Civil Rights Institute president and CEO And
Looking toward Birmingham’s future
The Birmingham Times / Posted 4 days ago
Birmingham Times Staff Birmingham Civil Rights Institute president and CEO Andrea Taylor has been at the helm since 2015. (FRANK COUCH PHOTOS) The view just outside the window is of the historic Sixteenth Street Baptist Church in downtown... Read more
4d
Swissinfo
Credit Suisse rebuilding gets off to painful startIt is only permitted to use a hyperlink to specific SWI swissinfo.ch content on
Credit Suisse rebuilding gets off to painful start
Swissinfo / Posted 4 days ago
It is only permitted to use a hyperlink to specific SWI swissinfo.ch content on the website of the party requesting the content or the website of a third party. The framing of content from SWI swissinfo.ch is only allowed if it is unchanged, without... Read more
63 related stories
4d
Zero Hedge
Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 LossSeven days ago, Deutsche Bank turned in what various sellside desks described a
Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 Loss
Zero Hedge / Posted 4 days ago
Seven days ago, Deutsche Bank turned in what various sellside desks described as “horrible”, “grim” results for both Q4 and 2015 as a whole. The bank posted its first annual net loss since the financial crisis, reporting red ink that totaled more... Read more
63 related stories
4d
Market Watch
Buying the ‘doomsday’ talk on this banks? You’re missing out on opportunityA wild day of trading yesterday has left some market savants nearly speechless:
Buying the ‘doomsday’ talk on this banks? You’re missing out on opportunity
Market Watch / Posted 4 days ago
A wild day of trading yesterday has left some market savants nearly speechless: “Hi honey, how was your day?” And you know, things have to be a little nutso when even a former baseball player starts to weigh in on major financial market events (See... Read more
4d
Market Watch
Here’s why the ‘doomsday scenario’ for one beaten-up sector isn’t happeningA wild day of trading yesterday has left some market savants nearly speechless:
Here’s why the ‘doomsday scenario’ for one beaten-up sector isn’t happening
Market Watch / Posted 4 days ago
A wild day of trading yesterday has left some market savants nearly speechless: “Hi honey, how was your day?” And you know, things have to be a little nutso when even a former baseball player starts to weigh in on major financial market events (See... Read more
4d
AllAfrica.com
Team South Africa Stands Tall in DavosSouth Africa was represented by a multi-stakeholder high level delegation at th
Team South Africa Stands Tall in Davos
AllAfrica.com / Posted 4 days ago
South Africa was represented by a multi-stakeholder high level delegation at the World Economic Forum's Davos meeting from 20-23 January 2016. Coming within the context of projected lowered global economic growth, falling oil and commodity prices,... Read more
4d
Swissinfo
Credit Suisse Investment Bank Slumps as Thiam Speeds Up Overhaul(Bloomberg) -- Credit Suisse Group AG’s trading and investment-banking units sl
Credit Suisse Investment Bank Slumps as Thiam Speeds Up Overhaul
Swissinfo / Posted 4 days ago
(Bloomberg) -- Credit Suisse Group AG’s trading and investment-banking units slumped to losses in the fourth quarter, prompting Chief Executive Officer Tidjane Thiam to speed up his plans to shrink the businesses while cutting bonuses. Sales at the... Read more
63 related stories
4d
Naked Capitalism
Is the Saudi Market Share Strategy Backfiring?There is something rather pleasurable in seeing the Saudi’s hoist on their own
Is the Saudi Market Share Strategy Backfiring?
Naked Capitalism / Posted 4 days ago
There is something rather pleasurable in seeing the Saudi’s hoist on their own petard. Just a few fairly random thoughts on this. First thing – I don’t think there is any evidence that the Saudi’s planned this as a deliberate strategy. I think it is... Read more
4d
FOX Business
Credit Suisse Shares Plunge on Huge LossJust as Credit Suisse undertakes a costly transition away from its investment b
Credit Suisse Shares Plunge on Huge Loss
FOX Business / Posted 4 days ago
Just as Credit Suisse undertakes a costly transition away from its investment banking past, it is learning that wealth management can also be a volatile business. Shares in the Swiss bank tumbled 9% on Thursday, after the bank posted a... Read more
63 related stories
4d
FOX Business
Credit Suisse Shares Plunge on Huge LossJust as Credit Suisse undertakes a costly transition away from its investment b
Credit Suisse Shares Plunge on Huge Loss
FOX Business / Posted 4 days ago
Just as Credit Suisse undertakes a costly transition away from its investment banking past, it is learning that wealth management can also be a volatile business. Shares in the Swiss bank tumbled 9% on Thursday, after the bank posted a... Read more
63 related stories
4d
The Courier Mail
Credit Suisse posts hefty Q4 lossInvestment bank to cut 4000 jobs, after swinging to loss on writedown of ill-fa
Credit Suisse posts hefty Q4 loss
The Courier Mail / Posted 4 days ago
Investment bank to cut 4000 jobs, after swinging to loss on writedown of ill-fated US acquisition. Credit Suisse Group AG reported a massive fourth-quarter loss on Thursday as the Swiss bank wrote down the value of an ill-fated US acquisition and... Read more
63 related stories
4d
Business Spectator
Credit Suisse posts hefty Q4 lossloss on Thursday as the Swiss bank wrote down the value of an ill-fated US acqu
Credit Suisse posts hefty Q4 loss
Business Spectator / Posted 4 days ago
loss on Thursday as the Swiss bank wrote down the value of an ill-fated US acquisition and undertook a comprehensive retooling that will cut its reliance on investment banking. The Zurich-based bank said its net loss in the period was 5.83 billion... Read more
63 related stories
4d
AllAfrica.com
Fixing Nigeria's 'Socially Useless' BanksThere is no shortage of excitement in Nigeria today. Although the incredible re
Fixing Nigeria's 'Socially Useless' Banks
AllAfrica.com / Posted 4 days ago
There is no shortage of excitement in Nigeria today. Although the incredible revelations regarding #DasukiGate read like something straight out of a telenovela, one must appreciate that it is necessary to purge the system of corrupt acts and persons... Read more
4d
Contra Costa Times Newspapers
Wells Fargo agrees to $1.2 billion settlement in FHA loan lawsuitSAN FRANCISCO -- Wells Fargo has agreed to pay $1.2 billion in a settlement wit
Wells Fargo agrees to $1.2 billion settlement in FHA loan lawsuit
Contra Costa Times Newspapers / Posted 4 days ago
SAN FRANCISCO -- Wells Fargo has agreed to pay $1.2 billion in a settlement with the federal government over allegations that the banking giant improperly represented the quality of thousands of mortgages that it handled before and during the housing... Read more
26 related stories
4d
Inside Bay Area
Wells Fargo agrees to $1.2 billion settlement in FHA loan lawsuitSAN FRANCISCO -- Wells Fargo has agreed to pay $1.2 billion in a settlement wit
Wells Fargo agrees to $1.2 billion settlement in FHA loan lawsuit
Inside Bay Area / Posted 4 days ago
SAN FRANCISCO -- Wells Fargo has agreed to pay $1.2 billion in a settlement with the federal government over allegations that the banking giant improperly represented the quality of thousands of mortgages that it handled before and during the housing... Read more
26 related stories
4d
New Zealand's National Business Review
Air New Zealand Announces New Chief People OfficerAir New Zealand announces the appointment of Jodie King to the position of Chie
Air New Zealand Announces New Chief People Officer
New Zealand's National Business Review / Posted 4 days ago
Air New Zealand announces the appointment of Jodie King to the position of Chief People Officer on the Executive team effective February 29. Jodie takes over from Lorraine Murphy who is leaving at the end of the month to be Group Executive - People... Read more
4d
Swissinfo
Swiss Welcome Takeover of Syngenta as Ties With China Deepen(Bloomberg) -- Switzerland is welcoming ChemChina’s $43 billion takeover of Syn
Swiss Welcome Takeover of Syngenta as Ties With China Deepen
Swissinfo / Posted 4 days ago
(Bloomberg) -- Switzerland is welcoming ChemChina’s $43 billion takeover of Syngenta SA, the Alpine nation’s biggest- ever deal, with open arms. The only continental European country to strike a free- trade agreement with China, Switzerland has long... Read more
106 related stories
4d
Finextra
Fintech: Resistance is futile, says UBS CIODigitalisation is set to transform most aspects of the financial industry. Far
Fintech: Resistance is futile, says UBS CIO
Finextra / Posted 4 days ago
Digitalisation is set to transform most aspects of the financial industry. Far from resisting it, banks should be embracing these fundamental changes, says Oliver Bussmann, group CIO at UBS. There is no doubt that, thanks to advances in digital... Read more
4d
Swissinfo
$104 Million UBS Informant Urges Swiss to Back Whistleblower Law(Bloomberg) -- Bradley Birkenfeld, the banker awarded $104 million by the U.S.
$104 Million UBS Informant Urges Swiss to Back Whistleblower Law
Swissinfo / Posted 4 days ago
(Bloomberg) -- Bradley Birkenfeld, the banker awarded $104 million by the U.S. for revealing how he helped UBS Group AG hide assets for rich Americans, has a message for Swiss lawmakers wrangling over the draft of the nation’s first whistleblowing... Read more
5d
Swissinfo
HSBC's Asia Bet Pays Off in Fee Windfall as ChemChina's Adviser(Bloomberg) -- HSBC Holdings Plc bet on the dark horse in the global race to cr
HSBC's Asia Bet Pays Off in Fee Windfall as ChemChina's Adviser
Swissinfo / Posted 5 days ago
(Bloomberg) -- HSBC Holdings Plc bet on the dark horse in the global race to create an agrochemicals giant and won. As the lead adviser to China National Chemical Corp. on its $43 billion acquisition of Swiss pesticide and seeds maker Syngenta AG,... Read more
106 related stories
5d
Swissinfo
Brazil Temporarily Suspends Odebrecht Case Over Document Dispute(Bloomberg) -- A Brazilian judge delayed verdicts in a corruption and money lau
Brazil Temporarily Suspends Odebrecht Case Over Document Dispute
Swissinfo / Posted 5 days ago
(Bloomberg) -- A Brazilian judge delayed verdicts in a corruption and money laundering case against Odebrecht after a Swiss Court said Geneva used the wrong procedures to share documents serving as evidence against the construction company and its... Read more
5d
Business Insider
10 things you need to know before the opening bellChemChina made the biggest foreign purchase in Chinese history. The state-owned
10 things you need to know before the opening bell
Business Insider / Posted 5 days ago
ChemChina made the biggest foreign purchase in Chinese history. The state-owned ChemChina announced it was buying the Switzerland-based Syngenta for $43 billion. Reuters reports the deal will give China access to the technology and expertise needed... Read more
5d
The New Yorker
The Art-World Insider Who Went Too FarGeneva Freeport, which may be the world’s most valuable storage facility, consi
The Art-World Insider Who Went Too Far
The New Yorker / Posted 5 days ago
Geneva Freeport, which may be the world’s most valuable storage facility, consists of seven beige warehouses and a large grain silo in La Praille, an industrial zone a short tram ride from the city’s lakeside panorama of banks and expensive hotels.... Read more
6d
walesonline
The paper trail that kept Sam Hammam's full role hidden for a decadeFor more than a decade, it has been one of the biggest question marks hanging o
The paper trail that kept Sam Hammam's full role hidden for a decade
walesonline / Posted 6 days ago
For more than a decade, it has been one of the biggest question marks hanging over the future of Cardiff City. Who or what is Langston - the mysterious Panama-based firm whose loan of £24m to the club in 2004 during the chairmanship of Sam Hammam... Read more
3 related stories
6d
Channel NewsAsia
UBS net profit soars on tax benefitsZURICH: Swiss banking giant UBS on Tuesday posted a 79-per cent higher net prof
UBS net profit soars on tax benefits
Channel NewsAsia / Posted 6 days ago
ZURICH: Swiss banking giant UBS on Tuesday posted a 79-per cent higher net profit for 2015, beating analyst expectations, with tax benefits offsetting a difficult fourth quarter hit by market turmoil. Last year, Switzerland's largest bank raked in a... Read more
63 related stories
6d
Swissinfo
Switzerland tops Europe for economic freedomIt is only permitted to use a hyperlink to specific SWI swissinfo.ch content on
Switzerland tops Europe for economic freedom
Swissinfo / Posted 6 days ago
It is only permitted to use a hyperlink to specific SWI swissinfo.ch content on the website of the party requesting the content or the website of a third party. The framing of content from SWI swissinfo.ch is only allowed if it is unchanged, without... Read more
6d
Business Wire
UBS Group AG UK Regulatory Announcement: UBS 2015 Net Profit up 79% to CHF 6.2 BillionUBS Group (NYSE:UBS) (SWX:UBSN) net profit for 2015 increased 79% year on year
UBS Group AG UK Regulatory Announcement: UBS 2015 Net Profit up 79% to CHF 6.2 Billion
Business Wire / Posted 6 days ago
UBS Group (NYSE:UBS) (SWX:UBSN) net profit for 2015 increased 79% year on year to CHF 6.2 billion.3 Adjusted1 Group profit before tax for the year was CHF 5.6 billion (reported CHF 5.5 billion). Despite very challenging market conditions, UBS’s... Read more
4 related stories
6d
Business Wire
UBS 2015 Net Profit up 79% to CHF 6.2 BillionUBS Group (NYSE:UBS) (SWX:UBSN) net profit for 2015 increased 79% year on year
UBS 2015 Net Profit up 79% to CHF 6.2 Billion
Business Wire / Posted 6 days ago
UBS Group (NYSE:UBS) (SWX:UBSN) net profit for 2015 increased 79% year on year to CHF 6.2 billion.3 Adjusted1 Group profit before tax for the year was CHF 5.6 billion (reported CHF 5.5 billion). Despite very challenging market conditions, UBS’s... Read more
4 related stories
6d
The Washington Times
ED FEULNER: America’s declining economic freedomWhen you think of the United States as being free, what comes to mind? The abil
ED FEULNER: America’s declining economic freedom
The Washington Times / Posted 6 days ago
When you think of the United States as being free, what comes to mind? The ability to speak your mind? To vote? To live and work where you please? Good answers, but there’s another kind of liberty that’s easily overlooked, although it affects nearly... Read more
7d
Channel NewsAsia
French court backs charges against HSBC in fraud probePARIS: The Paris appeals court on Monday (Feb 1) confirmed charges against Brit
French court backs charges against HSBC in fraud probe
Channel NewsAsia / Posted 7 days ago
PARIS: The Paris appeals court on Monday (Feb 1) confirmed charges against British banking giant HSBC Holdings PLC as part of a tax fraud probe, sources close to the case told AFP. The court rejected an appeal by HSBC that charges first brought in... Read more
7d
Investopedia
The Top 4 Credit Suisse Funds for Retirement Diversification in 2016Credit Suisse is a Switzerland-based multinational financial services company t
The Top 4 Credit Suisse Funds for Retirement Diversification in 2016
Investopedia / Posted 7 days ago
Credit Suisse is a Switzerland-based multinational financial services company that specializes in investment banking, private banking, asset management and shared services. The company was founded in 1856 by Alfred Escher and has grown substantially... Read more
7d
Finextra
Habib Bank chooses Real Asset ManagementAs the first European branch of Habib Bank Limited to be opened in 1961, Habib
Habib Bank chooses Real Asset Management
Finextra / Posted 7 days ago
As the first European branch of Habib Bank Limited to be opened in 1961, Habib Bank UK has been serving the banking needs of the South Asian community in Europe for over 54 years and has a network of 11 branches with 9 in the UK and one each in... Read more
7d
Business Insider
Capital flight from China is so intense people are trying to sneak money out without authorities noticingAs the Chinese economy slows down and the renminbi devalues, people are pulling
Capital flight from China is so intense people are trying to sneak money out without authorities noticing
Business Insider / Posted 7 days ago
As the Chinese economy slows down and the renminbi devalues, people are pulling their money out of China. But it's not until you see how much money is fleeing China that you realise just how dramatic the intensity of capital flight has become. Here... Read more
7d
Zero Hedge
"This Is Much Larger Than Subprime" - Here Are The Legendary Hedge Funds Fighting The Chinese Central BankOne month ago, we first revealed that for one prominent winner from the subprim
"This Is Much Larger Than Subprime" - Here Are The Legendary Hedge Funds Fighting The Chinese Central Bank
Zero Hedge / Posted 7 days ago
One month ago, we first revealed that for one prominent winner from the subprime crisis, Hayman Capital's Kyle Bass, "the greatest investment opportunity right now" is to short the Chinese Yuan: as he explained "given our views on credit contraction... Read more
4 related stories
8d
The Jewish Press
OECD Report: Israeli Life Quality High, Growth Better than Most CountriesPhoto Credit: Yonatan Sindel/Flash90 The Organization for Economic Co-operatio
OECD Report: Israeli Life Quality High, Growth Better than Most Countries
The Jewish Press / Posted 8 days ago
Photo Credit: Yonatan Sindel/Flash90 The Organization for Economic Co-operation and Development (OECD) biannual report on Israel will be presented on Sunday to Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kachlon (Kulanu) by... Read more
8d
Connecticut Post
Hedge fund leadership notable for lack of womenThe financial services industry — and hedge funds in particular — has long been
Hedge fund leadership notable for lack of women
Connecticut Post / Posted 8 days ago
The financial services industry — and hedge funds in particular — has long been a billionaire boys’ club. According the latest Morningstar research report on fund managers by gender, less than 10 percent of all U.S. fund managers are women, and only... Read more
8d
Stamford Advocate
Hedge fund leadership notable for lack of womenThe financial services industry — and hedge funds in particular — has long been
Hedge fund leadership notable for lack of women
Stamford Advocate / Posted 8 days ago
The financial services industry — and hedge funds in particular — has long been a billionaire boys’ club. According the latest Morningstar research report on fund managers by gender, less than 10 percent of all U.S. fund managers are women, and only... Read more
More

People in this news