Credit Suisse poaches Prudential's Thiam for top post
Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth of Asia`s fast growing multi-millionaires` club.
Mar 10, 2015, 23:03 PM IST
Credit Suisse to replace long-standing CEO Dougan
Long-standing Credit Suisse boss Brady Dougan is set to quit as chief executive of the Swiss bank as soon as Tuesday and will be replaced by Prudential head Tidjane Thiam, people familiar with the moves told Reuters.
Mar 10, 2015, 09:38 AM IST
Black money: RBI closely watching probe against HSBC
The Reserve Bank Thursday said it is keeping a close watch on global banking major HSBC, which is facing multi-nation probe including by Indian tax authorities for alleged tax evasion and money laundering at its Swiss units.
Feb 26, 2015, 17:21 PM IST
Swiss central bank under scrutiny after franc shock
Six weeks after a fateful decision that blasted its currency skywards, Switzerland`s central bank is coming under intense scrutiny, with critics calling for changes to its insular policy practices and century-old ownership structure.
Feb 25, 2015, 23:26 PM IST
Black money: I-T dept conducts survey at HSBC bank in Mumbai
The Income Tax department has conducted a "survey" operation at the head office of HSBC bank here in connection with the black money probe against it and certain Indians who held accounts in its Switzerland branch.
Feb 23, 2015, 22:21 PM IST
France issues warrants for UBS managers in tax fraud case
French judges on Tuesday issued arrest warrants for three former managers at Swiss bank UBS over allegations it helped customers hide money from the taxman in Switzerland.
Feb 17, 2015, 17:59 PM IST
Britain's HSBC says sorry over past standards at Swiss bank
HSBC apologised to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes.
Feb 15, 2015, 22:25 PM IST
UK watchdog `knew nothing` of HSBC files probe
Britain`s financial regulator admitted Tuesday that it had no knowledge of an investigation by tax authorities into allegations that banking giant HSBC helped wealthy customers dodge millions of dollars in taxes.
Feb 11, 2015, 00:48 AM IST
HSBC admits Swiss bank failings over client taxes
British bank HSBC Holdings Plc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets.
Feb 10, 2015, 05:54 AM IST
Secret HSBC 'tax dodger' files cause global shockwaves
The cache of files made public in the so-called SwissLeaks case included the names of celebrities, alleged arms dealers and politicians -- though inclusion on the list does not necessarily imply wrongdoing.
Feb 09, 2015, 23:26 PM IST
Ambanis, Jet chief Goyal deny having illegal Swiss bank account
Top industrialists the Ambani brothers and Jet Airways Chairman Naresh Goyal, on Monday denied having illegal Swiss bank accounts in the wake of leaked list of account holders of HSBC brought out by an international body of journalists.
Feb 09, 2015, 16:16 PM IST
Black money: Govt to probe new Indian names in HSBC list, says Jaitley
Jaitley said that the tax department has launched 60 prosecutions from an earlier list of Indian account holders in a Swiss branch of HSBC bank.
Feb 09, 2015, 12:39 PM IST
Need to gather evidence before prosecuting A/c holders: FM on Black money
Finance Minister Arun Jaitley on Monday said that 60 prosecutions on black money have been launched.
Feb 09, 2015, 12:16 PM IST
1,195 Indians holding account in Swiss bank: Report
The government has recently initiated tax evasion prosecution proceedings as part of its crackdown on black money accounts.
Feb 09, 2015, 09:32 AM IST
Leaked bank files show HSBC 'helped clients dodge taxes'
A cache of secret bank files shows that HSBC`s Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by a network of investigative journalists released Sunday.
Feb 09, 2015, 04:15 AM IST
Swiss bank on safe haven label to become world's data vault
Switzerland, facing an erosion of the banking secrecy laws that helped make it the world's banker, is now touting its reputation as a safe and stable haven to become a global data vault.
Jan 28, 2015, 22:34 PM IST
Swiss bank on safe haven label to become world's data vault
Switzerland, facing an erosion of the banking secrecy laws that helped make it the world`s banker, is now touting its reputation as a safe and stable haven to become a global data vault.
Jan 28, 2015, 09:54 AM IST
Swiss banks return to basics; pitch 'superior' banking services
In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients -- although Indian corporate leaders do not appear much impressed.
Jan 21, 2015, 16:32 PM IST
Swiss central bank defends franc move despite turbulence
Switzerland`s central bank on Saturday stood by its shock decision to let the franc soar, insisting the subsequent turbulence rocking global markets and the Swiss economy since the move would eventually subside.
Jan 17, 2015, 18:41 PM IST
Swiss central bank swells foreign currency reserves to record high
Switzerland`s central bank dramatically increased its foreign currency reserves last month as it moves to keep the heated franc from getting too strong, data released Wednesday showed.
Jan 07, 2015, 19:08 PM IST
