Swiss Banking
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Swiss Crypto Bank AMINA Granted Hong Kong Licence to Serve Institutions
Swiss crypto bank AMINA Bank AG has received approval from Hong Kong’s Securities and Futures Commission to offer institutional digital asset trading and custody through its AMINA Hong Kong subsidiary. The licence allows the bank to support around 13 cryptocurrencies and marks a notable step in the city’s strategy to expand regulated access for...
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Singapore And London Are The Costliest Cities for Luxury Spending
With the current "unpredictable nature" of the world, Singapore is valued for its stability and security. London rose on the back of a 26.6% jump in the price of private education after legislative changes and a 29.7% gain in business class flights.
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UK Top Court Gives Landmark Verdict In Ex-UBS Banker's Divorce Case
Clive Standish, the Swiss bank's chief financial officer from 2004 until 2007, last year successfully challenged his ex-wife Anna Standish's original 45 million-pound ($62 million) award from what was then a 133 million-pound estate.
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India, US, China Record Lower Swiss Bank Deposits Over 10 Years
Deposits of Indian customers in Swiss banks have declined by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank.
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Indian Money In Swiss Banks Triples On Banking Funds, Highest Since 2021
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and financial institutions, annual data released by Switzerland's central bank showed.
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Billionaires' Wealth More Than Doubles In 10 Years: Swiss Bank UBS
Billionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion, Swiss bank UBS said Thursday, with tech billionaires' coffers filling the fastest.
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Indians' Funds In Swiss Banks Plunge 70% To Hit 4-Year Low
Funds parked by Indian individuals and firms in Swiss banks, including through local branches and other financial institutions, fell sharply by 70 per cent in 2023 to a four-year low of 1.04 billion Swiss Francs.
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Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
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Assets Seized In Singapore's Money Laundering Case Swell To $1.76 Billion
The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday.
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Credit Suisse Merger With UBS To Cost 3,000 Jobs In Switzerland
Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000 job cuts in Switzerland in the coming years.
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Swiss Crypto Bank AMINA Granted Hong Kong Licence to Serve Institutions
Swiss crypto bank AMINA Bank AG has received approval from Hong Kong’s Securities and Futures Commission to offer institutional digital asset trading and custody through its AMINA Hong Kong subsidiary. The licence allows the bank to support around 13 cryptocurrencies and marks a notable step in the city’s strategy to expand regulated access for...
-
Singapore And London Are The Costliest Cities for Luxury Spending
With the current "unpredictable nature" of the world, Singapore is valued for its stability and security. London rose on the back of a 26.6% jump in the price of private education after legislative changes and a 29.7% gain in business class flights.
-
UK Top Court Gives Landmark Verdict In Ex-UBS Banker's Divorce Case
Clive Standish, the Swiss bank's chief financial officer from 2004 until 2007, last year successfully challenged his ex-wife Anna Standish's original 45 million-pound ($62 million) award from what was then a 133 million-pound estate.
-
India, US, China Record Lower Swiss Bank Deposits Over 10 Years
Deposits of Indian customers in Swiss banks have declined by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank.
-
Indian Money In Swiss Banks Triples On Banking Funds, Highest Since 2021
Indian money parked in Swiss banks more than tripled in 2024 to 3.5 billion Swiss francs on the back of a huge jump in funds held through local branches and financial institutions, annual data released by Switzerland's central bank showed.
-
Billionaires' Wealth More Than Doubles In 10 Years: Swiss Bank UBS
Billionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion, Swiss bank UBS said Thursday, with tech billionaires' coffers filling the fastest.
-
Indians' Funds In Swiss Banks Plunge 70% To Hit 4-Year Low
Funds parked by Indian individuals and firms in Swiss banks, including through local branches and other financial institutions, fell sharply by 70 per cent in 2023 to a four-year low of 1.04 billion Swiss Francs.
-
Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
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Assets Seized In Singapore's Money Laundering Case Swell To $1.76 Billion
The total value of assets seized in Singapore's biggest money laundering case has swelled to S$2.4 billion ($1.76 billion), police said on Wednesday.
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Credit Suisse Merger With UBS To Cost 3,000 Jobs In Switzerland
Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000 job cuts in Switzerland in the coming years.
