Wednesday 20 August 2014
 
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Swiss banks

3 more Swiss banks join US tax deal

Three more Swiss banks - Bank Coop, Migros Bank, and Linth Bank - said they would work with US officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts, a trickle that could rise to about one third of the coun

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Swiss banks allowed to settle US tax cases

Switzerland aims to save its banks from heavier punishment in the US for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to US prosecutors. &

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Swiss banks fear heavy fines in US tax deal

  Swiss banks fear heavy fines they expect to pay to settle a long-running dispute with US authorities over helping wealthy Americans evade tax could hit smaller lenders particularly hard, sources s

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Switzerland close to deal in US tax dispute

Switzerland is on the brink of a deal to settle a long-running dispute with US authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said. "We hope that we wi

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Swiss delay return of Mubarak millions

  Switzerland has said it will delay the return of millions of dollars of assets linked to deposed Egyptian president Hosni Mubarak while it evaluates the institutions requesting the money.   Swiss

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Swiss banks sweat it out as US ups pressure

Swiss banks hoping to atone for decades of complicity in tax evasion may be left to sweat it out for months as the US and Germany ponder the right level of punishment. Switzerland has long dodged US accusations of hiding money for wealt

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Nervous investors fill Swiss safes with cash, gold

Investors trying to protect their wealth from global economic uncertainty have been stashing bank notes, gold bars and other valuables in Swiss banks, fuelling demand for safe deposit boxes. The euro zone debt crisis and fear that loose po

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Swiss to unveil 'clean money' strategy

Switzerland is to announce plans to clean up its reputation as a haven for untaxed money by demanding that banks force clients to declare their money is taxed. Under a 'clean money' strategy, which Finance Minister Eveline Widmer-

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Swiss banks hand over encrypted data

Switzerland has handed US authorities encrypted data on bank employees who served American clients suspected of dodging taxes, and will only provide the key to decipher them once a tax row is settled, the finance ministry said. Swiss banks

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Swiss deals 'won't end tax evasion'

Swiss banks are likely to keep helping tax dodgers hide their money, even after Berne struck deals with Germany and Britain to tax assets stashed in secret accounts, a banker-turned-whistleblower told Reuters. "If you are going against th

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