Search Results for: Swiss bank
Swiss banker whistleblower: CIA behind Panama Papers
April 13th, 2016
Bradley Birkenfeld is the most significant financial whistleblower of all time, so you might think he’d be cheering on the disclosures in the new Panama Papers leaks. But today, Birkenfeld is raising questions about the source of the information ...
Swiss bank Credit Suisse warns the eurozone could collapse in case of a European recession
March 3rd, 2016
Credit Suisse recently warned the eurozone could collapse in the event of a fresh downturn or recession in Europe. Economists at the Swiss bank in a research note titled “Close to the edge” said the recession would unleash a ...
Swiss bank cooperates with US as 2 ex-bankers plead guilty
February 5th, 2016
Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. Before lawyers for ...
US Justice Dept hits 80 Swiss banks with penalties
February 1st, 2016
Eighty Swiss banks have agreed to pay the US fines totaling $1.36 billion in order to avoid court prosecution, according to the US Justice Department. After the investigation has been completed all the banks are required to cooperate in ...
US Swiss bank program reaches $1B in fines
December 28th, 2015
US officials announced settlements with four more Swiss banks Wednesday to lift the total fines in the two-year disclosure program to more than $1 billion from 75 banks. “With today’s resolutions under the Swiss Bank Program, the department has ...
Swiss banks win German market access after long-running tax tiff
July 17th, 2015
Swiss banks can more easily take on clients in neighbouring Germany, the Swiss government said on Thursday, after a deal that ends a lengthy standoff between the two countries over hidden offshore accounts. Germany’s wealthy have traditionally been the ...
Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program
July 10th, 2015
Banque Pasche SA Will Pay $7.229 Million Penalty and ARVEST Privatbank AG Will Pay $1.044 Million Penalty; Both Continue to Cooperate With Department of Justice The Department of Justice announced today that two banks, Banque Pasche SA and ARVEST ...
Swissquote first Swiss bank to launch Apple Watch app
June 26th, 2015
Swissquote Bank, Switzerland’s leading online bank, today announced the launch of the first mobile banking and trading application developed by a Swiss bank for the much anticipated Apple Watch, ahead of its official Swiss release date, the 26th of ...
SNB says progress needed from biggest Swiss banks on capital
June 18th, 2015
The Swiss National Bank (SNB) on Thursday welcomed the improvement made by the country’s biggest banks, UBS and Credit Suisse, to their capital strength in the past year but said further progress was needed. “The SNB recommends that the ...
ECUREX Becomes the First Digital Currency Exchange Platform to Be Fully Compliant with the Swiss Banking Act
June 5th, 2015
ECUREX GmbH announced today that it has become the first digital currency exchange platform to be fully compliant with the Swiss Banking Act. After sixteen months of investigation, the Swiss Financial Market Supervisory Authority (FINMA) released on 19 May 2015 ...
