SWISS BANK

More in SWISS BANK

• UBS to create more senior leadership roles at India tech centres

  At present, about 36% of the digital and information group workforce is based out of India, driving a large part of technology development for the bank.

  

• Credit Suisse chairman pledges reform after 'horrible' year

  "We had last year a horrible year. We had the biggest loss in the 166 years of the company," Axel Lehmann said. "We are fully aware that we need to change and we will change, clearly."

  

• India gets 4th set of Swiss bank account info

  India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.

  

• Credit Suisse posts $2.2B loss to end 'challenging year'

  Credit Suisse on Thursday reported a fourth-quarter loss of 2 billion Swiss francs ($2.2 billion) as the top-drawer Swiss bank wrapped up "a year of challenges" marked by bad bets on a hedge fund, set asides for legal costs and accounting changes due to its acquisition of a U.S.

  

• India gets 3rd set of Swiss bank details under automatic info exchange framework

  India has received the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland, as part of an annual exercise under which the European nation has shared particulars of nearly 33 lakh financial accounts with 96 countries.

  

• India to get 3rd set of Swiss bank data this month, details on real estate included for 1st time

  In a likely boost for the Government’s efforts towards tracking and curbing the use of black money stashed abroad, India will get the third set of Swiss bank details of Indian citizens this month. Swiss authorities will also share details of real estate assets held by Indians in the country.

  

• Central banks of Australia, Malaysia, Singapore and South Africa to test cross border digital payments

  A joint statement from the Reserve Bank of Australia, Bank Negara Malaysia, the Monetary Authority of Singapore, the South African Reserve Bank, and BIS Innovation Hub, said that the current project targets to develop shared platforms for cross-border transactions using multiple CBDCs.

  

• Finance ministry refutes reports of alleged black money held by Indians in Switzerland

  The Union finance ministry on Saturday said that increase in deposits of Indians in Swiss Banks could be on account of increase in business of Swiss bank branches located in India and raised Inter-bank transactions, rather than due to an increase in alleged black money held by Indians in Switzerland.