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India asks Switzerland to ratify global tax convention

Last Updated: Thursday, May 22, 2014, 16:04

India has asked Switzerland to expeditiously ratify the OECD convention on automatic exchange of tax information, a move which will help deal with menace of black money.

Swiss central bank leaves key rates unchanged

Last Updated: Thursday, March 20, 2014, 17:45

Switzerland`s central bank on Thursday kept its key interest rate unchanged and restated its longstanding pledge to prevent the Swiss franc from gaining too much value.

Swiss central bank hard hit by gold price fall

Last Updated: Monday, January 06, 2014, 23:34

Switzerland's central bank said on Monday that it lost billions in 2013 amid a sharp drop in gold prices and that it therefore would not pay dividends to Bern or the Swiss cantons.

Swiss banks' Holocaust fund paid out $1.24 billion: Report

Last Updated: Monday, July 15, 2013, 19:14

The Swiss-Jewish weekly Tachles said the figure was contained in a report by New York judge Edward Korman, who oversees the management of the fund.

Swiss money: India slips to 70th position; UK on top

Last Updated: Sunday, June 23, 2013, 14:48

India has slipped to 70th position in terms of foreign money lying with the Swiss banks and accounts for a meagre 0.10 percent of total global wealth held in the Switzerland banking system.

`Pakistan`s money in Swiss banks higher than India`s`

Last Updated: Friday, June 21, 2013, 15:58

When it comes to money in Swiss banks, Pakistan has a slight edge over India with total funds amounting to 1,441 million Swiss francs held there by Pakistanis.

Indian money in Swiss banks dips to record low at Rs 9,000 cr

Last Updated: Thursday, June 20, 2013, 17:50

Indians' money in Swiss banks has fallen to a record low level of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking system made it unattractive for their global clients.

Not all Indian money in Swiss banks is black

Last Updated: Sunday, November 11, 2012, 12:54

Arvind Kejriwal alleged that Rs 6,000 crore black money was parked by Indians in Swiss banks. This figures does not tally with BJP leader LK Advani`s who alleged that Rs 35 lakh crore were stashed.

Swiss central bank faces new currency trade controversy

Last Updated: Tuesday, March 13, 2012, 00:37

The Swiss central bank is in the spotlight for the second time in three months over alleged currency trading by a key official during sensitive times for policy over the Swiss franc.

Swiss bank chief to respond over wife's dollar trade

Last Updated: Thursday, January 05, 2012, 09:10

Switzerland's central bank chief will break his silence on Thursday over a controversial currency trade made by his wife three weeks before he imposed a cap on the Swiss franc.

Revised Indo-Swiss taxation treaty comes into effect

Last Updated: Tuesday, October 11, 2011, 14:12

The amended Indo-Swiss taxation treaty has came into effect, a development that will allow India to seek specific information on black money and tax evasion cases dating back to January 1, 2011.

UBS boss says some banks may need state help: Report

Last Updated: Sunday, September 11, 2011, 22:55

Some banks may have to get help from the state as plunging share prices could make it difficult to raise capital, UBS (UBSN.VX) chief executive Oswald Gruebel told Swiss newspaper Sonntag in an interview published on Sunday.