Articles for Swiss Bank

Swiss central bank urges review of 'too big to fail' bank safeguards after Credit Suisse debacle
1 year, 6 months ago

Swiss central bank urges review of 'too big to fail' bank safeguards after Credit Suisse debacle

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Switzerland's central bank said the …

Financial Credit Central Banks Sign Switzerland Swiss Credit Suisse
Over $68 billion withdrawn from Swiss' Credit Suisse ahead of UBS merger
1 year, 8 months ago

Over $68 billion withdrawn from Swiss' Credit Suisse ahead of UBS merger

Hindustan Times  

Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover. The bank also reported deceptively bloated net profits for the quarter, Read here: Credit Suisse rescue package rejected by Swiss parliament Switzerland's long-time second largest bank …

Credit Bank Billion Quarter Switzerland Ubs Swiss
Credit Suisse takeover hits heart of Swiss banking, identity
1 year, 9 months ago

Credit Suisse takeover hits heart of Swiss banking, identity

Associated Press  

GENEVA — The UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its reputation as a global financial center, analysts say, warning that the country’s prosperity could grow too dependent on a single banking behemoth. “The danger is that over time, it will take more risks knowing that it is too big for the Swiss state …

Finance Credit Banks Switzerland Ubs Ing Credit Suisse
New chapter of capitalism emerges from the banking crisis
1 year, 9 months ago

New chapter of capitalism emerges from the banking crisis

Deccan Chronicle  

There are few better places to consider the past few days of banking chaos than a small room hidden away in Edinburgh’s financial district — not far from where the godfather of free markets, Adam Smith, once lived. Old newspapers proclaim government bailouts of long ago while the shelves groan with tomes like “Where Are the Customers’ Yachts?” The library …

Europe China Financial Banking National Interest Rates Capitalism
ARCIL bids for Yes Bank bad loan
2 years, 5 months ago

ARCIL bids for Yes Bank bad loan

Live Mint  

MUMBAI : Asset Reconstruction Co. of India has emerged as the single challenger bidder to acquire Yes Bank’s ₹48,000 crore bad loan portfolio, two people aware of the matter said. Under Swiss Challenge for Yes Bank’s bad loan sale, only an ARC can make the counter-offer, and the bid must be at least 5% higher than the anchor bidder’s. Mint …

Flowers Bank Yes Bank Bid Arc Jc Flowers Arc Cerberus
Delhi High Court Weekly Roundup: March 14 To March 20, 2022
2 years, 9 months ago

Delhi High Court Weekly Roundup: March 14 To March 20, 2022

Live Law  

CITATIONS 2022 LiveLaw 202 TO 2022 LiveLaw 213NOMINAL INDEXJIVANLAL JOITARAM PATEL v. NATIONAL HIGHWAYS AUTHORITY OF INDIA 2022 LiveLaw 202Mrs. Arbitral Fee Under Fourth Schedule Based On Aggregate Value Of Claim & Counter-Claim : Delhi High Court Case Title: JIVANLAL JOITARAM PATEL v. NATIONAL HIGHWAYS AUTHORITY OF INDIA Citation: 2022 LiveLaw 202 The Delhi High Court has observed that the …

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'SwissLeaks': Former Pakistan top spy's name features in leaked list of Credit Suisse account holders
2 years, 10 months ago

'SwissLeaks': Former Pakistan top spy's name features in leaked list of Credit Suisse account holders

India Today  

Pakistan's former top spy, General Akhtar Abdur Rehman Khan's name, has featured in a list of high-profile Pakistanis with Swiss bank accounts. The list was accessed by German newspaper S¼ddeutsche Zeitung as part of 'SwissLeaks' - a massive leak from Credit Suisse, one of the world's largest private banks. READ: Credit Suisse on the defensive after leak about accounts holding …

Pakistan Credit Bank Report Pakistani Swiss Account
India gets 3rd set of Swiss bank details under automatic info exchange framework
3 years, 3 months ago

India gets 3rd set of Swiss bank details under automatic info exchange framework

India TV News  

India has received the third set of Swiss bank account details of with Switzerland as part of an annual exercise under which the European nation has shared particulars of nearly 33 lakh financial accounts with 96 countries. While the FTA did not disclose names and further details of all 96 countries, officials said India figured among those having received the …

India Financial Tax Information Indian Countries Set
No significant chance of Indians’ Swiss bank deposits rising: Finance Ministry
3 years, 6 months ago

No significant chance of Indians’ Swiss bank deposits rising: Finance Ministry

The Hindu  

The Finance Ministry has asserted that ‘there does not appear to be any significant possibility’ of an increase in Swiss bank deposits from undeclared incomes of Indians, but has requested Swiss authorities to provide the ‘relevant facts’ and ‘possible reasons’ for changes in deposit numbers. “The Swiss authorities have been requested to provide the relevant facts along with their view …

Bank Banks Increase Indians Switzerland Swiss Deposits
Finance Ministry declines to share Swiss bank accounts details of Indians citing confidentiality
5 years ago

Finance Ministry declines to share Swiss bank accounts details of Indians citing confidentiality

The Hindu  

The Finance Ministry has declined to share Swiss bank accounts details of Indians saying it is covered under “confidentiality provisions” of a tax treaty signed between India and Switzerland. It was also asked to provide the details of information received from foreign countries on black money, including details of such cases shared with India. India had in September got the …

India Black Money Bank Indians Rti Switzerland Details
New York AG Says Sacklers Transferred $1B From Pharma Accounts To Themselves
5 years, 4 months ago

New York AG Says Sacklers Transferred $1B From Pharma Accounts To Themselves

NPR  

New York AG Says Sacklers Transferred $1B From Pharma Accounts To Themselves Enlarge this image toggle caption Erik McGregor/LightRocket via Getty Images Erik McGregor/LightRocket via Getty Images Updated at 9:35 p.m. ET New York state Attorney General Letitia James says the family that owns Purdue Pharma, maker of the opioid OxyContin, used Swiss bank accounts to transfer $1 billion from …

Settlement New York Pharma Purdue Purdue Pharma Sacklers Sackler Family
India will start getting Swiss Bank details of Indians from today
5 years, 4 months ago

India will start getting Swiss Bank details of Indians from today

Live Mint  

New Delhi: India will start getting details of bank accounts held by its citizens in Switzerland from September, ending the era of Swiss bank secrecy. This will be a significant step in the government's fight against black money as the era of Swiss bank secrecy will finally be over," the Income Tax department said in a tweet. The announcement follows …

India Swiss Tax Information Swiss Bank
Era of Swiss bank secrecy over, details of Indians to come from today
5 years, 4 months ago

Era of Swiss bank secrecy over, details of Indians to come from today

India TV News  

In a major boost to Modi government's fight against the menace of black money, Switzerland will send details of bank accounts of Indian citizens in Swiss banks from today. The details to be shared by Switzerland with the Indian tax authorities under the Automatic Exchange of Information framework would include account numbers, credit balance and all kinds of financial income …

India Financial Tax Information Money Indian Black Money
Indians' money in Swiss banks falls, hits second-lowest level in two decades
5 years, 6 months ago

Indians' money in Swiss banks falls, hits second-lowest level in two decades

India TV News  

Money parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell by nearly 6 per cent in 2018 to 955 million Swiss francs to hit its second-lowest level in over two decades, Swiss National Bank data showed Thursday. According to the SNB, its data for 'total liabilities' of Swiss banks towards Indian clients takes into account …

2018 Data Money Indian Million Cent Funds
Swiss bank accounts: Switzerland steps up process to share details of clients; notices to Indian account holders continue
5 years, 7 months ago

Swiss bank accounts: Switzerland steps up process to share details of clients; notices to Indian account holders continue

Firstpost  

At least 14 Indians, with accounts in Switzerland-based banks, were issued notices by the Swiss authorities last month New Delhi/Berne: Amid a continuing crackdown on Swiss bank account holders with suspected illicit money, Switzerland has stepped up its process to share details of such individuals with Potluri Rajamohan Rao being the latest Indian national to get a notice in this …

Financial Information Indian Black Money Sharing Notices Rao
No claimants for Rs 300 crore lying in India-linked dormant Swiss bank accounts for third year in a row
6 years, 5 months ago

No claimants for Rs 300 crore lying in India-linked dormant Swiss bank accounts for third year in a row

Firstpost  

As per the latest data released by the Swiss National Bank, funds parked by Indians with Swiss banks rose 50 percent to CHF 1.01 billion in 2017. Zurich/New Delhi: It is the third year since Swiss banks made public a list of accounts lying dormant without any trace of owners and no claimant has come forward for those with Indian …

India Money List Funds Banks Indians Bank Accounts