Swiss move gives enough hints of action to follow: FM

Last Updated: Tuesday, May 26, 2015, 18:52

'Delighted' at Switzerland making public names of some Indians with Swiss accounts, Finance Minister Arun Jaitley on Tuesday said this should provide enough indications of actions to follow for those holding unaccounted assets outside India.

Yash Birla, Gurjit Singh Kochar among seven Indian names made public for Swiss a/c

Last Updated: Tuesday, May 26, 2015, 15:46

The names of these seven "Indian nationals" have been published in Switzerland's Federal Gazette with regard to details sought about them by the Indian authorities.

Switzerland begins making public list of black money holders, two Indians named

Last Updated: Monday, May 25, 2015, 22:21

Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.

UBS to pay $545 mn over forex scandal, rivals await fate

Last Updated: Wednesday, May 20, 2015, 17:01

UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.

UBS net profit surges 88% in first quarter

Last Updated: Tuesday, May 5, 2015, 21:05

Switzerland`s biggest bank UBS reported Tuesday an 88 percent surge in first quarter profits, despite a strong franc, outstripping analysts` forecasts.

Swiss central bank posts massive loss on soaring franc

Last Updated: Thursday, April 30, 2015, 17:42

The Swiss central bank said Thursday it had posted loss of 30 billion francs in the first quarter due to a jump in the franc`s value which led to huge exchange rate-related losses.

Swiss bank BSI fined $211 mn in US tax evasion case

Last Updated: Monday, March 30, 2015, 23:53

Swiss Bank BSI will pay a $211 million penalty after acknowledging it helped clients create sham identities to evade US taxes, the Justice Department announced Monday.

Swiss UBP buys Coutts, `bank of the rich and famous`

Last Updated: Friday, March 27, 2015, 14:41

Swiss bank UBP announced Friday it would acquire Coutts private bank, which counts Britain`s royal family among its rich and famous customers.

UBS targets Asia for wealth management growth: Chief executive

Last Updated: Thursday, March 26, 2015, 12:51

UBS AG, the world`s biggest wealth manager, expects Asia Pacific assets to account for as much as 30 percent of the funds it oversees within the next 10 years, the Swiss bank`s chief executive said.

Client confidentiality will not disappear, assert Swiss banks

Last Updated: Thursday, March 19, 2015, 18:08

India is expected to start getting information under this regime from Switzerland, about bank account and other details of Indians, from 2018.

Credit Suisse poaches Prudential's Thiam for top post

Last Updated: Tuesday, March 10, 2015, 23:03

Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth of Asia`s fast growing multi-millionaires` club.

Credit Suisse to replace long-standing CEO Dougan

Last Updated: Tuesday, March 10, 2015, 09:38

Long-standing Credit Suisse boss Brady Dougan is set to quit as chief executive of the Swiss bank as soon as Tuesday and will be replaced by Prudential head Tidjane Thiam, people familiar with the moves told Reuters.