Swiss bank

Will respond to all legitimate requests: Swiss Govt

Switzerland on Monday indicated it is ready to cooperate with India on sharing information related to Swiss bank accounts held by Indians within the framework of amended double taxation treaty between the two countries.

Nov 07, 2011, 21:47 PM IST

‘Make public names of a/c holders in Swiss banks’

L K Advani on Friday demanded a white paper on the issue of
making public names of Indian account holders in Swiss banks.

Nov 04, 2011, 12:07 PM IST

UBS Q3 net profit solid despite trading scandal

Swiss bank UBS AG reported better-than-expected third-quarter net profit on Tuesday although an accounting gain helped cancel out 1.849 billion Swiss francs billion loss on unauthorised trades it uncovered last month.

Oct 25, 2011, 12:51 PM IST

Markets to give verdict on new UBS chief

Markets will give their verdict on Monday on whether they think Swiss bank UBS's new caretaker chief executive has the mettle to manage the overhaul of its investment bank after Oswald Gruebel quit over the USD2.3 billion rogue trading scandal.

Sep 26, 2011, 09:15 AM IST

UBS CEO Oswald Gruebel quits

Swiss bank UBS's Chief Executive Oswald Gruebel resigned on Saturday, shouldering the blame after its scandal-hit investment banking business lost USD 2.3 billion in alleged rogue trading.

Sep 24, 2011, 17:47 PM IST

UBS board extends meeting after rogue trading loss

The board of UBS was set to reconvene a meeting on Saturday to decide the future of its scandal-hit investment bank and Chief Executive Oswald Gruebel after the Swiss bank lost USD 2.3 billion in alleged rogue trading.

Sep 24, 2011, 09:47 AM IST

SC bench differs on Centre's plea on SIT in blackmoney case

A two-judge bench of the Supreme Court Friday gave a split verdict on the maintainability of government's application seeking recall of the apex court order on constitution of an SIT to probe blackmoney cases.

Sep 23, 2011, 11:59 AM IST

UBS board meets on investment bank's fate

UBS CEO Oswald Gruebel will on Friday attempt to convince his board the Swiss bank has a future in investment banking and can bounce back from a USD 2.3 billion crisis around rogue trading.

Sep 23, 2011, 09:01 AM IST

UBS starts probe into $2.3 bln rogue trade loss

UBS kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the Swiss bank USD2.3 billion, raising the pressure on top management.

Sep 19, 2011, 18:34 PM IST

UBS details rogue trades that lost bank $2.3 bn

Swiss bank UBS said on Sunday it had lost USD 2.3 billion from unauthorised speculative trades in various equity futures it discovered on Wednesday and has now covered the resulting risk with its equities business again operating normally.

Sep 18, 2011, 21:32 PM IST

UBS CEO not resigning, loss mounts to $2.3 bn

Oswald Gruebel, the chief executive of UBS, has dismissed calls for his resignation as politically motivated, even as the Swiss banking giant raised its estimated loss by a rogue trader to USD 2.3 billion.

Sep 18, 2011, 18:31 PM IST

Don't judge my son yet, father of UBS trader says

The father of a trader accused of losing Swiss banking giant UBS about USD 2 billion in unauthorised deals said on Friday his son 'acted with good intentions' and asked the world not to judge him before trial.

Sep 17, 2011, 10:59 AM IST

Moody's eyes UBS downgrade over rogue trader losses

Rating firm Moody's said on Thursday it was considering lowering the credit rating on Swiss banking giant UBS after a rogue trader racked up USD 2 billion in losses.

Sep 16, 2011, 10:30 AM IST

UBS boss says some banks may need state help: Report

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.

Sep 11, 2011, 22:55 PM IST

Swiss committed to solving US tax spat: Report

Switzerland does not need an emergency law or a separate treaty as it works toward a solution in its latest tax spat with the United States, finance minister Eveline Widmer-Schlumpf was quoted as saying in a Swiss newspaper interview on Sunday.

Sep 11, 2011, 21:21 PM IST

Swiss president says no bank client names given to US

Switzerland has not handed the names of any the clients of Swiss banks to US tax authorities, Swiss President Micheline Calmy-Rey said Wednesday.

Sep 07, 2011, 22:09 PM IST

Swiss to supply bank information to US: Report

Swiss authorities will meet some of Washington's demands to transmit information on accounts held by US citizens in the country, local media reported Tuesday.

Sep 06, 2011, 15:47 PM IST

Credit Suisse appoints 11 new staff for India business

Credit Suisse Group AG has appointed five directors and six vice-presidents across its equities, fixed income and investment banking business in India, the company said in a statement on Wednesday.

Aug 24, 2011, 16:01 PM IST

Credit Suisse to cut about 2,000 jobs as Q2 sags on poor trading

Swiss bank Credit Suisse announced it would cut about 2,000 jobs as it reported second-quarter net profit that missed expectations, dented by weak trading activity and the strong Swiss franc.

Jul 28, 2011, 18:21 PM IST

`Indians may have over $2.5 bn in Swiss banks`

Indians hold about USD 2.5 billion (over Rs 11,000 crore) in Swiss banks, but this figure of Switzerland`s central bank may be a gross understatement of the total wealth directly and indirectly held there by entities from India.

Jul 25, 2011, 00:26 AM IST