Switzerland, EU sign automatic information exchange pact

Last Updated: Wednesday, May 27, 2015, 17:18

In a major step towards shedding its long-held banking secrecy tag, Switzerland Wednesday signed an agreement for Automatic Exchange of Information (AEOI) with European Union.

Swiss accounts: Four new names public, but no Indian this time

Last Updated: Wednesday, May 27, 2015, 13:06

These included an American citizen, identified by the initials 'RK' and date of birth, Czech Republic-based H2 Medical, as also a Georgian and a Nigerian national.

Swiss accounts: India seeking details on foreign entities too

Last Updated: Tuesday, May 26, 2015, 23:12

Indian nationals are not the only ones about whom India's tax authorities have sought details from Switzerland as they have also requested for information on some foreign entities, mostly based in tax havens.

Era of tax haven has come to an end: FM on latest Swiss move

Last Updated: Tuesday, May 26, 2015, 20:50

With Switzerland making public names of some Indians with Swiss accounts, Finance Minister Arun Jaitely on Tuesday said the era of tax haven has come to an end and it is no longer safe to keep assets abroad illegally.

Yash Birla has 'no individual account' in his name, says group

Last Updated: Tuesday, May 26, 2015, 20:38

With Yash Birla's name being made public by the Swiss government in relation to an information request from the Indian tax authorities, his business group Tuesday said he has "no individual bank account in his name or under his control".

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 says not fined in currency rigging probe but must pay $342 mn

Last Updated: Wednesday, May 20, 2015, 12:33

Swiss banking giant UBS said Wednesday that the US Department of Justice had dropped charges against it after a probe into currency rigging.

Black money: India presses Switzerland for info on Indian accounts

Last Updated: Friday, May 15, 2015, 20:06

This was conveyed by Finance Minister Arun Jaitley when the visiting Swiss Economic Affairs Minister Johann N Schneider-Ammann met him this evening.

'Modi spirit' well known in Switzerland also: Swiss Minister

Last Updated: Friday, May 15, 2015, 19:03

Committing Switzerland's support in India's fight against the black money menace, the Minister also said will soon consider changes in laws to look into the possibility of sharing information.