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Swiss banking News

20 Mar 2017

Swiss bank UBS to be tried in France over tax fraud

Swiss banking giant UBS will go on trial in France for establishing a wide-ranging tax fraud scheme, legal sources told AFP on Monday.

23 Mar 2016

Credit Suisse to axe 2,000 more investment banking jobs

Switzerland`s second-biggest bank said on Wednesday it would shave a further 800 million Swiss francs ($821 million) off costs and cut 2,000 more jobs from its Global Markets division.

20 May 2015

UBS says not fined in currency rigging probe but must pay $342 mn

Swiss banking giant UBS said Wednesday that the US Department of Justice had dropped charges against it after a probe into currency rigging.

08 Feb 2015

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.

27 Dec 2014

Credit Suisse bid to dismiss US mortgage suit denied

Swiss banking giant Credit Suisse can be prosecuted for its role in the US housing finance meltdown, according to a court decision, which dismissed the company`s bid to halt a suit.

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