Swiss bank

Switzerland mulls new bill to check black money flow to banks

A decision to this effect was taken by the Federal Council at a meeting on Friday in Bern.

Dec 16, 2012, 14:52 PM IST

India outsourcing failure blamed for $2.3bn loss by UBS trader

This is the third instance when outsourcing of key oversight jobs by global banks (British giants HSBC and Standard Chartered being the other two) to India has come under the regulatory scanner abroad for ineffective controls against suspicious financial transactions.

Nov 26, 2012, 17:20 PM IST

Not all Indian money in Swiss banks is black

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.

Nov 11, 2012, 12:54 PM IST

IAC protest outside Ambani home fails

India Against Corruption (IAC) workers protested alleged corruption by industrialist Ambani and HSBC bank outside the Ambani residence in Cuffe Parade on Saturday.

Nov 11, 2012, 08:46 AM IST

Congress, RJD slam Kejriwal, IAC activists protest in Mumbai

Arvind Kejriwal was on Saturday accused of being interested only in defaming people and also called "mentally sick" by the Congress and the RJD, a day after the activist fired another salvo as part of his campaign against corruption.

Nov 10, 2012, 18:24 PM IST

Swiss bank UBS to cut 10,000 jobs worldwide

The bank said it is ‘likely to have a headcount of around 54,000’ by 2015, down from its current 64,000 employees in 57 countries.

Oct 30, 2012, 19:20 PM IST

UBS sued by US regulator over sale of mortgage-backed securities

The US regulator has accused the Swiss bank of violating federal and state laws through misrepresentations in the sale of mortgage-backed securities to two credit unions that later failed.

Sep 07, 2012, 11:13 AM IST

Swiss govt to accept group requests for sharing info

Paris-based OECD (Organisation for Economic Cooperation and Development) is a grouping of developed nations and makes global policy standards for tax and other economic issues.

Jul 18, 2012, 19:52 PM IST

UBS may sue Nasdaq over $350 mn Facebook IPO losses: Report

Swiss bank UBS faced losses to the tune of USD 350 million because of the software glitch during the Facebook IPO at Nasdaq, and is now a preparing legal action against the exchange, a media report has said.

Jun 09, 2012, 17:01 PM IST

`Will release list of Swiss a/c holders if voted to power`

BJP would make public the names of 800 Indian account holders in Swiss Banks if it comes into power in the 2014 General Elections, senior party leader Yashwant Sinha has said.

May 30, 2012, 14:55 PM IST

Rs 565 cr undisclosed income detected in Swiss a/c of Indians

Undisclosed income to the tune of Rs 565 crore has been detected in Swiss bank accounts of Indians, the government said on Tuesday.

May 22, 2012, 19:08 PM IST

India to get banking info from Switzerland on liberal terms

Under a mutual agreement reached on April 20 between the two countries, Switzerland has agreed to give liberal interpretation to the provisions concerning identities of Indian citizens.

Apr 30, 2012, 15:35 PM IST

UBS head calls tax flap 'economic war': Report

Switzerland's tax disputes with the United States and some European nations are "an economic war" putting 20,000 jobs at risk, the CEO of Swiss banking giant UBS AG has been quoted as saying.

Apr 22, 2012, 20:00 PM IST

Switzerland says tax deal up to Germany now

Officials in Switzerland have proposed changes to a tax accord with Germany in a race to get it approved in Berlin in the coming days so that it can come into force this year.

Mar 29, 2012, 21:11 PM IST

Heirs of Qatari prince to sue Swiss bank for $2.6 bn

Heirs of a Qatari prince who died in 2000 are taking HSBC Suisse to court to obtain USD 2.6 billion they say he had on deposit with the bank, the Swiss weekly Le Matin Dimanche reported on Sunday.

Mar 04, 2012, 20:58 PM IST

Hasan Ali case: ED summons two ex-employees of UBS Switzerland

Enforcement Directorate has issued summons to two former employees of UBS Switzerland to appear before a special court here in connection with its multi-crore money laundering probe against Pune stud-farm owner Hasan Ali Khan.

Feb 27, 2012, 17:51 PM IST

UBS predicts poor Q1 over euro zone woes

Swiss bank UBS warned on its first-quarter performance when posting quarterly profit at the bottom end of expectations after a loss at its investment bank, amid uncertainty around the euro zone, Europe's banking system, and US deficit issues.

Feb 07, 2012, 13:40 PM IST

Swiss urge US tax deal to shield other banks

The break-up of Switzerland's oldest bank Wegelin on Friday shows the need to settle a dispute with US authorities over tax cheats hiding cash in secret Swiss accounts, the Finance Minister said on Saturday.

Jan 29, 2012, 14:01 PM IST

Swiss central bank chief Philipp Hildebrand quits

Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a controversial currency trade made by his wife and wanted to protect the integrity of the central bank.

Jan 09, 2012, 20:55 PM IST

Wife's dollar trade puts pressure on Swiss bank head

Kashya told Swiss television she "felt good" about the deal last August that local tabloid Blick reported had yielded a 60,000 Swiss franc (USD 64,400) profit on a 500,000 franc trade.

Jan 04, 2012, 22:26 PM IST