Athens eyeing deal to tax assets hidden in Swiss banks: Report

Last Updated: Sunday, July 5, 2015, 17:25

Athens wants a tax amnesty deal for Greeks who have stashed cash in Swiss banks, in a bid to bring much-needed revenue to the debt-laden country, a Swiss newspaper reported Sunday.

New Credit Suisse CEO promises 'ruthlessly selective' review: Report

Last Updated: Saturday, July 4, 2015, 09:11

Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank`s businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.

Gold jeweller Rajesh Exports says to seal acquisition on July 2

Last Updated: Wednesday, July 1, 2015, 16:19

"We are looking for backward integration," chairman Rajesh Mehta told Reuters on Wednesday. "We have identified five-six overseas companies and in tomorrow`s board meeting we will shortlist one company."

Black money menace: Swiss banks tighten customer due diligence

Last Updated: Tuesday, June 30, 2015, 21:13

Facing possible criminal action by India and some other nations over suspected black money, Swiss banks today decided to tighten their due diligence procedures to keep away illicit assets and made it mandatory to identify the beneficial owner of funds parked with them.

Swiss bank acts to halt franc rise as investors seek refuge in Greek crisis

Last Updated: Monday, June 29, 2015, 15:57

Switzerland`s central bank was forced Monday to intervene "in order to stabilise the markets," which have tumbled over Greece`s escalating crisis, the bank`s chief Thomas Jordan said.

Black money: India slips to 61st place on Swiss money list

Last Updated: Sunday, June 21, 2015, 14:58

While the UK and the US have retained their top two positions with the largest shares of the foreign clients' money with Swiss banks, Pakistan has inched up to 73rd place.

Switzerland may tighten anti-money laundering rules

Last Updated: Friday, June 19, 2015, 19:13

Switzerland may tighten its anti-money laundering laws after a report by a government-appointed group found the country was still subject to financial crime.

Indian money in Swiss banks falls by over 10% to Rs 12,615 crore

Last Updated: Thursday, June 18, 2015, 16:48

This is the second lowest amount of funds held by Indians in the Swiss banks and follows an increase of over 40 percent in the previous year, 2013.

Swiss banks' profit rises; staff count down

Last Updated: Thursday, June 18, 2015, 16:34

Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.

Swiss banks' profit rises; staff count down

Last Updated: Thursday, June 18, 2015, 16:34

Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.

Money held by Indians in Swiss banks declines by 10.6% to Rs 12,615 crore

Last Updated: Thursday, June 18, 2015, 15:17

Money held by Indians in Swiss banks has declined by 10.6 percent to Rs 12,615 crore in 2014, as per the latest data released by the Swiss Central Bank.

EU releases world tax havens blacklist

Last Updated: Wednesday, June 17, 2015, 17:56

The European Union published its first list of international tax havens on Wednesday as part of a crackdown on multinational companies trying to avoid paying tax in the 28-nation bloc.