Thu, Apr 11, 2024
UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the "monster bank" in line that were light on detail and heralded a tortuous political process to enshrine them in law.
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Thu, Feb 01, 2024
Chairman Romeo Lacher expressed “regret” during a presentation Thursday on the bank's 2023 results, saying management had not been a “good steward of our firm” but that the troubles were a “single credit event” and other parts of the company were performing well.
Wed, Mar 15, 2023
Credit Suisse on Tuesday published its annual report for 2022 saying the bank had identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows. Switzerland's second-biggest bank is seeking to recover from a string of scandals that have undermined the confidence of investors and clients. Customer outflows in the fourth quarter rose to more than 110 billion Swiss francs ($120 billion).
Fri, Jun 17, 2022
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year-high of 3.83 billion Swiss francs (over Rs 30,500 crore) in 2021 on a sharp surge in holdings via securities and similar instruments while customer deposits rose as well, annual data from Switzerland's central bank showed.
Sat, Jun 19, 2021
After reports surfaced on different media platforms claiming that money held by Indians in different Swiss Banks grew exponentially during the pandemic period, primarily between at the end of 2019 and 2020, the government has come up with clarifications.
Tue, Sep 10, 2019
PM Modi's biggest strike over Corruption; Swiss Bank provides list of account holders. Watch video to know more.
Fri, Jun 29, 2018
Money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there.
Thu, Jul 13, 2017
A Singapore court jailed a former wealth manager of Swiss bank BSI for 4-1/2 years on Wednesday for money laundering and cheating in a case linked to investigations into the siphoning off of billions of dollars from Malaysian sovereign fund 1MDB.
Sun, Jul 02, 2017
India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top.
Sun, Jul 03, 2016
India has slipped to 75th place in terms of money held by its citizens with banks in Switzerland.
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