Swiss bank

Swiss central bank under scrutiny after franc shock

Six weeks after a fateful decision that blasted its currency skywards, Switzerland`s central bank is coming under intense scrutiny, with critics calling for changes to its insular policy practices and century-old ownership structure.

Feb 25, 2015, 23:26 PM IST

Black money: I-T dept conducts survey at HSBC bank in Mumbai

The Income Tax department has conducted a "survey" operation at the head office of HSBC bank here in connection with the black money probe against it and certain Indians who held accounts in its Switzerland branch.

Feb 23, 2015, 22:21 PM IST

France issues warrants for UBS managers in tax fraud case

French judges on Tuesday issued arrest warrants for three former managers at Swiss bank UBS over allegations it helped customers hide money from the taxman in Switzerland.

Feb 17, 2015, 17:59 PM IST

Britain's HSBC says sorry over past standards at Swiss bank

HSBC apologised to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes.

Feb 15, 2015, 22:25 PM IST

UK watchdog `knew nothing` of HSBC files probe

Britain`s financial regulator admitted Tuesday that it had no knowledge of an investigation by tax authorities into allegations that banking giant HSBC helped wealthy customers dodge millions of dollars in taxes.

Feb 11, 2015, 00:48 AM IST

HSBC admits Swiss bank failings over client taxes

British bank HSBC Holdings Plc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets.

Feb 10, 2015, 05:54 AM IST

Secret HSBC 'tax dodger' files cause global shockwaves

The cache of files made public in the so-called SwissLeaks case included the names of celebrities, alleged arms dealers and politicians -- though inclusion on the list does not necessarily imply wrongdoing.

Feb 09, 2015, 23:26 PM IST

Ambanis, Jet chief Goyal deny having illegal Swiss bank account

Top industrialists the Ambani brothers and Jet Airways Chairman Naresh Goyal, on Monday denied having illegal Swiss bank accounts in the wake of leaked list of account holders of HSBC brought out by an international body of journalists.

Feb 09, 2015, 16:16 PM IST

Black money: Govt to probe new Indian names in HSBC list, says Jaitley

Jaitley said that the tax department has launched 60 prosecutions from an earlier list of Indian account holders in a Swiss branch of HSBC bank.

Feb 09, 2015, 12:39 PM IST

Need to gather evidence before prosecuting A/c holders: FM on Black money

Finance Minister Arun Jaitley on Monday said that 60 prosecutions on black money have been launched.

Feb 09, 2015, 12:16 PM IST

1,195 Indians holding account in Swiss bank: Report

The government has recently initiated tax evasion prosecution proceedings as part of its crackdown on black money accounts.

Feb 09, 2015, 09:32 AM IST

Leaked bank files show HSBC 'helped clients dodge taxes'

A cache of secret bank files shows that HSBC`s Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by a network of investigative journalists released Sunday.

Feb 09, 2015, 04:15 AM IST

Swiss bank on safe haven label to become world's data vault

Switzerland, facing an erosion of the banking secrecy laws that helped make it the world's banker, is now touting its reputation as a safe and stable haven to become a global data vault.

Jan 28, 2015, 22:34 PM IST

Swiss bank on safe haven label to become world's data vault

Switzerland, facing an erosion of the banking secrecy laws that helped make it the world`s banker, is now touting its reputation as a safe and stable haven to become a global data vault.

Jan 28, 2015, 09:54 AM IST

Swiss banks return to basics; pitch 'superior' banking services

In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients -- although Indian corporate leaders do not appear much impressed.

Jan 21, 2015, 16:32 PM IST

Swiss central bank defends franc move despite turbulence

Switzerland`s central bank on Saturday stood by its shock decision to let the franc soar, insisting the subsequent turbulence rocking global markets and the Swiss economy since the move would eventually subside.

Jan 17, 2015, 18:41 PM IST

Swiss central bank swells foreign currency reserves to record high

Switzerland`s central bank dramatically increased its foreign currency reserves last month as it moves to keep the heated franc from getting too strong, data released Wednesday showed.

Jan 07, 2015, 19:08 PM IST

UBS whistelblower Birkenfeld lodges request for return to Europe

Ex-UBS banker Bradley Birkenfeld, a whistleblower in a tax fraud case involving the Swiss bank for which he was awarded $104 million after serving more than two years in prison, has lodged a request to be allowed to return to Europe.

Dec 23, 2014, 08:00 AM IST

Swiss bank holds key rate but warns of deflation risk

Switzerland`s central bank held its key lending rate on Thursday but revised downwards its forecast for prices, warning that "deflation risks have increased once again".

Dec 11, 2014, 17:45 PM IST

Black money: Switzerland moves closer to automatic tax info exchange

Switzerland Wednesday agreed to join the global framework that allows automatic exchange of tax information, a move that would bolster efforts of various countries, including India, in their fight against black money menace.

Nov 19, 2014, 23:12 PM IST