Last Updated: Wednesday, August 26, 2015, 21:20
At a time when it is under global pressure, including from India, on black money menace, the Swiss government has rejected the popular initiative to allow strict privacy in financial matters.
Last Updated: Wednesday, May 27, 2015, 21:05
The European Union and Switzerland signed a major accord Wednesday to end banking secrecy for EU residents and prevent them from stashing undeclared income in Swiss banks.
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.
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.
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.
Last Updated: Friday, January 9, 2015, 00:01
Eighty-eight percent of the 120 banks covered said their performance was "positive" against 71 percent last year, the EY audit and advisory firm said in a survey.
Last Updated: Friday, November 15, 2013, 23:38
EU finance ministers narrowed Friday some of their differences over "Banking Union", a new framework meant to prevent a repetition of the financial meltdown that plunged Europe into crisis.
Last Updated: Tuesday, October 15, 2013, 17:10
Switzerland will break the seal on its banking secrecy, until now considered virtually ironclad, by signing an international agreement on fighting tax evasion Tuesday, the OECD said.
Last Updated: Thursday, May 23, 2013, 13:49
The heads of state and government of the 27-nation EU, at a one-day summit in Brussels yesterday.
Last Updated: Friday, November 18, 2011, 10:41
A Swiss court said it lacked evidence to rule on an appeal by a former Swiss banker turned WikiLeaks whistleblower against his conviction for breaching Switzerland`s strict banking secrecy.
Last Updated: Monday, June 13, 2011, 14:52
Finance Minister Pranab Mukherjee on Monday called for stepping up multilateral cooperation to end the era of banking secrecy.
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