Nancy Kissel, accused of murdering her banker husband, broke down in a Hong Kong court today after saying that she wasn’t able to help their daughter and said she tried to protect herself from abuse by spiking his drinks.
Credit Suisse Group AG asked U.S. clients to confirm they filed their 2010 United States tax return, Aargauer Zeitung said, citing unnamed employees and an Switzerland-based client with both U.S. and Swiss citizenship.
Four bankers who worked at Credit Suisse Group AG were charged with conspiring to help U.S. clients evade taxes through secret bank accounts, according to an indictment yesterday and people familiar with the matter.
Credit Suisse Group AG, Switzerland’s second-biggest bank, informed financial institutional clients that it will start imposing negative interest rates on cash balances held in Swiss francs, a bank official said.
Credit Suisse Group AG, Switzerland’s second-biggest bank, plans to cut 300 jobs as it merges retail and private-banking units in Switzerland, Hans-Ulrich Meister, who heads business in the country, said in a memo.
Credit Suisse Group AG can’t disclose a client’s account data to U.S. tax authorities because a request for assistance last year addressed only tax evasion, which isn’t covered by a 1996 treaty, a Swiss court ruled.
Swiss banks are turning over thousands of employee names to U.S. authorities as they seek leniency for their alleged role in helping American clients evade taxes, according to lawyers representing banking staff.