Search Results for: Swiss
Swiss bank UBS is to face legal action for encouraging tax fraud that could cost it billion euros
July 11th, 2016
Swiss bank UBS, along with several of its former executives, is to face legal action for encouraging tax fraud that could cost it five billion euros, if judges accept a public prosecutor’s recommendation, reports said Friday. The company sent ...
The Swiss Council adopts dispatch on automatic exchange of tax information with eight states and territories
July 8th, 2016
The Federal Council adopted the dispatch on the introduction of the automatic exchange of financial account information with Iceland, Norway, Guernsey, Jersey, the Isle of Man, Japan, Canada and the Republic of Korea, and submitted it to Parliament for ...
Swiss bank Vontobel offers bitcoin trading
July 7th, 2016
Vontobel has become the first Swiss issuer to offer a tracker certificate on bitcoins for subscription. Investors who expect a positive development in the bitcoin price can now for the first time participate in this performance with a product ...
6 Investments Traders Say Will Rally: Bitcoin, SolarCity, Swiss Francs and More
June 13th, 2016
Here’s what traders have been saying about six important investments, including bitcoin, SolarCity (SCTY) stock and the Swiss currency. Bitcoin and Manchester United (MANU) are going to soar, at least according to what traders have been saying at Tradebird, a social trading ...
MAS directs Swiss Bank “BSI Bank” to shut down in Singapore
May 24th, 2016
The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management ...
Swiss Town Accepts Bitcoin for Public Services
May 10th, 2016
A town in Switzerland has begun to accept Bitcoin payments for certain city services. The northern town of Zug decided to allow Bitcoin payments earlier this month for public services as a part of a trial run. The municipality services will ...
Leading Swiss law firm heads for Tehran
May 9th, 2016
In what is only the second opening of an international law firm in Iran since the 1979 Iranian revolution, a Swiss firm has opened its doors in Tehran. Swiss law firm Python & Peter has launched its office in ...
The Swiss National Bank reports a profit of CHF 5.7 billion for the first quarter of 2016.
May 9th, 2016
The Swiss National Bank (SNB) reports a profit of CHF 5.7 billion for the first quarter of 2016. A valuation gain of CHF 4.1 billion was recorded on gold holdings. The profit on foreign currency positions amounted to CHF ...
Digital Asset Holdings announces acquisition of Swiss-based technology company Elevence
April 21st, 2016
Digital Asset Holdings (Digital Asset), a developer of distributed ledger technology for the financial services industry, today announced that it has acquired Zurich-based Elevence Digital Finance AG (Elevence), a technology firm that has developed an expressive language for financial ...
The Swiss National Bank announced that the Swiss Interbank Clearing payment system goes into operation
April 21st, 2016
The Swiss National Bank (SNB) welcomes the successful operational start-up of the technically overhauled Swiss Interbank Clearing (SIC) payment system by SIX Interbank Clearing Ltd on the settlement day 15 April 2016. The SIC system, used by banks to ...
