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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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Several Hundred Credit Suisse Bankers To Get Termination Notices: Report
Several hundred Credit Suisse investment bankers will soon be fired as UBS begins to implement the merger of the two banks, the Swiss weekly HandelsZeitung said Friday.
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Swiss Bank UBS To Cut 35,000 Jobs After Credit Suisse Rescue: Report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
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Rs 2.74 Crore Assets Of Kolkata Business Family Seized Over Panama Papers Leak
The Enforcement Directorate (ED) on Monday said it has seized Rs 2.74 crore worth assets of a Kolkata-based business family which allegedly held a Swiss bank account and whose name figured in the Panama Papers leak.
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Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.
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"Not The Demise Of Switzerland": Swiss President On Credit Suisse Fall
The failure of banking giant Credit Suisse and its emergency takeover does not mean the downfall of Switzerland, President Alain Berset said Tuesday, insisting bankruptcy would have had disastrous consequences.
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Credit Suisse Hid Over $700 Million From US Department Of Justice: Senate
Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.
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Credit Suisse Staff Face More Deferred Pay Pain On Swiss Ban
The Swiss government is "temporarily suspending" deferred remuneration granted in the years up to 2022, according to a statement Tuesday.
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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.
-
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.
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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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Several Hundred Credit Suisse Bankers To Get Termination Notices: Report
Several hundred Credit Suisse investment bankers will soon be fired as UBS begins to implement the merger of the two banks, the Swiss weekly HandelsZeitung said Friday.
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Swiss Bank UBS To Cut 35,000 Jobs After Credit Suisse Rescue: Report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
-
Rs 2.74 Crore Assets Of Kolkata Business Family Seized Over Panama Papers Leak
The Enforcement Directorate (ED) on Monday said it has seized Rs 2.74 crore worth assets of a Kolkata-based business family which allegedly held a Swiss bank account and whose name figured in the Panama Papers leak.
-
Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.
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"Not The Demise Of Switzerland": Swiss President On Credit Suisse Fall
The failure of banking giant Credit Suisse and its emergency takeover does not mean the downfall of Switzerland, President Alain Berset said Tuesday, insisting bankruptcy would have had disastrous consequences.
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Credit Suisse Hid Over $700 Million From US Department Of Justice: Senate
Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.
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Credit Suisse Staff Face More Deferred Pay Pain On Swiss Ban
The Swiss government is "temporarily suspending" deferred remuneration granted in the years up to 2022, according to a statement Tuesday.
