Swiss Bankers Association

Swiss Bankers Association News

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  Switzerland Favors Move Toward Sharing Bank-Account Data

  Switzerland will join the international push against tax dodgers and help develop global standards allowing banks to share customers’ details to combat tax evasion, its finance minister said.

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  Switzerland Proposes Deal for Banks to Resolve U.S. Dispute

  Switzerland proposed a bill that it says paves the way for the country’s banks, including Credit Suisse Group AG and Julius Baer Group Ltd., to resolve a tax- evasion dispute with the U.S.

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  Chief Swiss Negotiator in U.S. Tax Dispute Resigns

  Switzerland’s top negotiator in talks to resolve a U.S. Justice Department probe of Swiss banks that allegedly helped Americans dodge taxes will step down at the end of August.

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  Switzerland Shorn of Bankers Proves Industrial Juggernaut

  Behind the headline-grabbing job reductions at Switzerland’s biggest banks is a manufacturing boom that is keeping the economy ahead of the rest of Europe.

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  UBS Retreat Plotted at Castle as Credit Suisse Cuts Costs

  Switzerland’s 437-year-old Wolfsberg castle has welcomed the likes of Alexandre Dumas and Franz Liszt. In September, UBS AG Chief Executive Officer Sergio Ermotti gathered the bank’s top executives there for dinner.

• Swiss Bankers Reject Capital Adequacy Proposals for Mortgages

  The Swiss Bankers Association said it rejects government proposals for new capital-adeqacy rules for the mortgage lending business.

• Swiss Banking Group Surveys U.S. Client Deposits, Le Matin Says

  The Swiss Bankers Association is carrying out a survey of banks to determine the extent of deposits by U.S. clients, Le Matin Dimanche reported, citing a spokeswoman for the association.

• Swiss Banks Want Dialogue on Politicians’ Assets, SF Reports

  The Swiss Bankers Association said it wants a dialogue with the Swiss foreign ministry in cases of uncertainty about “exposed personalities” such as foreign politicians, Schweizer Fernsehen reported , citing Renate Schwob , a member of the executive board of the association.

• Odier Says It’s ‘Regrettable’ Swiss Bank Wegelin Had to Sell

  Patrick Odier, chairman of the Swiss Bankers Association, comments on Wegelin & Co. agreeing to a sale to Switzerland’s Raiffeisen Group, on Switzerland’s tax negotiations with the U.S., bank secrecy laws, new money inflows and capital buffers.

• Bank Tax Hearing, JPMorgan, Cardinal Health: Compliance

  Bankers from around the world told the Internal Revenue Service that proposed U.S. rules requiring reporting of Americans’ overseas bank accounts are too burdensome and must be changed.

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Related Topics

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  Switzerland

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  Internal Revenue Service

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  Julius Baer

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  Europe

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