Swiss banks

Black money hoarders to come under scanner as Switzerland, India mull exchange of banking info

Black money hoarders to come under scanner as Switzerland, India mull exchange of banking info

Nonetheless, they are interested in taking advantage of improved governance conditions and greater legal certainty in the financial services sector, particularly in the reinsurance sector.

Aug 06, 2017, 17:15 PM IST
Money in Swiss banks: India slips to 88th place with Rs 4,500 crore; UK on top

Money in Swiss banks: India slips to 88th place with Rs 4,500 crore; UK on top

India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top.

Jul 02, 2017, 14:36 PM IST
Indians' money in Swiss banks hit record low of 676 million francs

Indians' money in Swiss banks hit record low of 676 million francs

Money parked by Indians in Switzerland's banks nearly halved to 676 Swiss francs (about Rs 4,500 crore) in 2016 to hit a record low amid a continuing clampdown on the suspected black money stashed behind their famed secrecy walls.

Jun 29, 2017, 20:51 PM IST

Swiss banks' profit halves to CHF 7.9 billion; staff count down

Banks in Switzerland saw their profits nearly halve to CHF 7.9 billion (over Rs 53,000 crore) in 2016 amid continuing global pressure on their famed secrecy walls.

Jun 29, 2017, 14:52 PM IST
BJP MP to release list of companies with black money

BJP MP to release list of companies with black money

Thackeray had spoken of public inconvenience following the Centre's demonetisation move, saying it amounted to "torture" of people.

Nov 13, 2016, 18:49 PM IST
India slips to 75th place on money in Swiss banks; UK on top

India slips to 75th place on money in Swiss banks; UK on top

India was placed at 61st place last year, while it used to among top-50 countries in terms of holdings in Swiss banks till 2007. The country was ranked highest at 37th place in the year 2004.

Jul 03, 2016, 21:24 PM IST

Govt checking if any blackmoney returned to India: Revenue Secy

In the wake of deposits held by Indians in Swiss banks dropping by 33 percent, Revenue Secretary Hasmukh Adhia on Friday said the government is checking if any of the blackmoney has been routed back to India.

Jul 01, 2016, 18:34 PM IST
Money in Swiss Banks: Pakistan has more than India with over Rs 10,000 cr stashed

Money in Swiss Banks: Pakistan has more than India with over Rs 10,000 cr stashed

Defying a global trend, money kept by Pakistani nationals in Swiss banks has risen by over 16 percent to 1.5 billion francs (over Rs 10,000 crore), exceeding that of Indians.

Jun 30, 2016, 18:11 PM IST
Black money decreasing? Indian money in Swiss banks dips 33% to Rs 8,392 crore

Black money decreasing? Indian money in Swiss banks dips 33% to Rs 8,392 crore

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland's banking system.

Jun 30, 2016, 17:57 PM IST
Indian money in Swiss banks drops by one-third to Rs 8,392 crore

Indian money in Swiss banks drops by one-third to Rs 8,392 crore

Money held by Indians in Swiss banks fell by one-third to record low of Rs 8,392 crore amid an enhanced clampdown against the famed secrecy wall of Switzerland's banking system by Indian and other governments.

Jun 30, 2016, 15:59 PM IST
Black money: PM Modi to visit Switzerland, discuss issue with Swiss Prez

Black money: PM Modi to visit Switzerland, discuss issue with Swiss Prez

In a move that could take the fight against black money to a significant level, Prime Minister Narendra Modi will visit Switzerland to discuss with authorities the issue of illicit cash stashed in their banks.

May 29, 2016, 12:17 PM IST
Black money: India, Switzerland working 'very closely' on tax info exchange

Black money: India, Switzerland working 'very closely' on tax info exchange

Swiss Ambassador to India Linus von Castelmur also said automatic exchange of tax information between India and Switzerland is expected to happen "rather soon".

 

Mar 17, 2016, 16:26 PM IST
Black money: Six Indians on list as Switzerland makes public 2,600 dormant a/c

Black money: Six Indians on list as Switzerland makes public 2,600 dormant a/c

Of the six, the residence of four has been mentioned as India, Paris (France) for one. However, the place of residence of the sixth person has not been mentioned.

Dec 16, 2015, 16:08 PM IST
Safe-deposit boxes prone to money-laundering risks: Swiss govt

Safe-deposit boxes prone to money-laundering risks: Swiss govt

Safe-deposit boxes used in Switzerland are prone to risk of money laundering and terror financing activities, but existing regulations are sufficient to deal with such risks, says a Swiss government report.

Dec 14, 2015, 18:58 PM IST
Switzerland steps up efforts to tackle black money menace

Switzerland steps up efforts to tackle black money menace

Upping the vigil against illicit fund flows, Switzerland has tightened its anti-money laundering norms with new diligence rules, including greater scrutiny of ecclesiastical foundations.

Nov 12, 2015, 20:18 PM IST
Credit Suisse considers moving 2,000 UK jobs to India

Credit Suisse considers moving 2,000 UK jobs to India

Swiss banking group Credit Suisse plans to cut nearly 2,000 jobs at its London base and move some of them to cheaper locations like India and Poland, a media report said Thursday.

Oct 22, 2015, 20:13 PM IST
Revealed: Swiss banks secret codes; iTunes meant money, download was loading cash

Revealed: Swiss banks secret codes; iTunes meant money, download was loading cash

As the famed secrecy walls of Swiss banks crumble under continuing global pressure, it now emerges that secret codes were used not just for account details but also for communications between the bankers and their clients.

Oct 11, 2015, 21:41 PM IST
Black money: Swiss to publish first list of dormant assets in December

Black money: Swiss to publish first list of dormant assets in December

Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.

Oct 04, 2015, 15:38 PM IST

Swiss authorities probe 7 banks for price fixing in metals market

Swiss competition authorities said Monday they were investigating UBS, HSBC, Deutsche Bank and four other banks on suspicion of price fixing in the precious metals market.

Sep 28, 2015, 14:27 PM IST

Swiss banks moving 'full speed' on automatic tax info exchange

Swiss banks are working at "full speed" to implement the automatic tax information exchange regime that will help India's efforts to crackdown on illegal wealth stashed by its citizens in Switzerland.

Sep 03, 2015, 18:50 PM IST