Ambanis, Jet chief Goyal deny having illegal Swiss bank account

Last Updated: Monday, February 9, 2015, 16:16

Top industrialists the Ambani brothers and Jet Airways Chairman Naresh Goyal, on Monday denied having illegal Swiss bank accounts in the wake of leaked list of account holders of HSBC brought out by an international body of journalists.

Black money: Govt to probe new Indian names in HSBC list, says Jaitley

Last Updated: Monday, February 9, 2015, 12:39

Jaitley said that the tax department has launched 60 prosecutions from an earlier list of Indian account holders in a Swiss branch of HSBC bank.

Need to gather evidence before prosecuting A/c holders: FM on Black money

Last Updated: Monday, February 9, 2015, 12:16

Finance Minister Arun Jaitley on Monday said that 60 prosecutions on black money have been launched.

1,195 Indians holding account in Swiss bank: Report

Last Updated: Monday, February 9, 2015, 09:32

The government has recently initiated tax evasion prosecution proceedings as part of its crackdown on black money accounts.

Leaked bank files show HSBC 'helped clients dodge taxes'

Last Updated: Monday, February 9, 2015, 04:15

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.

Swiss bank on safe haven label to become world's data vault

Last Updated: Wednesday, January 28, 2015, 22:34

Switzerland, facing an erosion of the banking secrecy laws that helped make it the world's banker, is now touting its reputation as a safe and stable haven to become a global data vault.

Swiss bank on safe haven label to become world's data vault

Last Updated: Wednesday, January 28, 2015, 09:54

Switzerland, facing an erosion of the banking secrecy laws that helped make it the world`s banker, is now touting its reputation as a safe and stable haven to become a global data vault.

Swiss banks return to basics; pitch 'superior' banking services

Last Updated: Wednesday, January 21, 2015, 16:32

In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients -- although Indian corporate leaders do not appear much impressed.

Swiss central bank defends franc move despite turbulence

Last Updated: Saturday, January 17, 2015, 18:41

Switzerland`s central bank on Saturday stood by its shock decision to let the franc soar, insisting the subsequent turbulence rocking global markets and the Swiss economy since the move would eventually subside.

Swiss central bank swells foreign currency reserves to record high

Last Updated: Wednesday, January 7, 2015, 19:08

Switzerland`s central bank dramatically increased its foreign currency reserves last month as it moves to keep the heated franc from getting too strong, data released Wednesday showed.

UBS whistelblower Birkenfeld lodges request for return to Europe

Last Updated: Tuesday, December 23, 2014, 08:00

Ex-UBS banker Bradley Birkenfeld, a whistleblower in a tax fraud case involving the Swiss bank for which he was awarded $104 million after serving more than two years in prison, has lodged a request to be allowed to return to Europe.

Swiss bank holds key rate but warns of deflation risk

Last Updated: Thursday, December 11, 2014, 17:45

Switzerland`s central bank held its key lending rate on Thursday but revised downwards its forecast for prices, warning that "deflation risks have increased once again".