banks of Switzerland (Swiss Banks)

Credit Suisse recently marked the first anniversary of onshore wealth management in Thailand. The Swiss bank will now open in another Southeast Asian country. Credit Suisse, (CS), Switzerland's second-largest bank, said in a media statement on Thursday it will establish a representative office in the ...

ZURICH (Reuters) – Swiss private bank and asset manager Vontobel has had a strong start to the year, Chief Executive Zeno Staub said at the group's annual general meeting on Wednesday. “We achieved a strong quarterly result,” Staub said in a statement, referring to the first quarter.

The euro-Swiss franc pair is trading at a three-year high, close to the floor the Swiss National Bank abandoned back in January 2015. ... than the franc, and Swiss officials have clearly signaled their intention to lag behind other central banks in normalizing monetary policy,” according to BBH note read.

Switzerland could have avoided the tax war with the U.S., according to lawyer Daniel Levin. Regrettably neither the government nor the banks possessed the necessary vision, he explains in an interview with finews.com. Daniel Levin, as a lawyer you advise politicians and business leaders, and have ...

Daniel Levin has worked up close with Swiss banks for years. His lessons from Switzerland's tax wars read as a cautionary tale for Singapore, which is widely expected to come into the crosshairs of U.S. investigators. finews.asia spoke to the U.S. lawyer and author. Daniel Levin, as a lawyer you advise ...

The blockchain technology underlying bitcoin could hurt Swiss banks the most, according to Moody's Investors Service. "While making ... In that scenario, the ratings agency said, Switzerland is most at risk since its massive banking industry generates half of its revenue from fees and commissions.

“That's just how I imagine the exterior of Winter's bank would look like.” Beck's insider knowledge of the Swiss setting adds authenticity to his writing. Beck has drawn on Switzerland's leading role and reputation in the world of high finance. With deals passing through Swiss banks that can shape the destiny ...

Major Russian state-owned bank Gazprombank will be conducting pilot cryptocurrency transactions in Switzerland, local news outlet Vedomosti reported March 29. According to Aleksandr Sobol, the Deputy Chairman of the Board at Gazprombank, Switzerland was chosen due to the more liberal crypto ...

And one bank in particular is rewarding its staff handsomely. The best paid bankers in Switzerland are working for Vontobel, the Zurich-based private bank. The company paid an average 316,000 Swiss francs to its bankers last year. This is by far the highest average wage among the six banks in our ...

He added that FINMA would use the guidelines retroactively to review the deals that had already been launched. “We will judge the ICOs that were already done in Switzerland along this template or this grid,” Branson said. “That makes our work easier when looking at these ICOs to see if they would have ...

The Swiss regulatory environment is exceptionally strong, and the Swiss National Bank's requirements often exceed those of the Basel accord and the European Banking Authority. Switzerland is one of the world's most stable democracies, and its devolved, cantonal system of government limits the ...

Crypto firms have pitted themselves against the Swiss banks, the backbone of the country's finance industry, which have watched the crypto craze with growing suspicion. Banks hold an active role in attracting cryptocurrency firms to Switzerland – mainly as a deterrent. Last year, finews.com reported on ...

The SNB has had negative interest rates in place since January 2015, when the central bank upended currency markets by ditching its policy of pegging the franc at 1.20 per euro. The resulting rapid rise in the Swiss franc, dubbed the "Frankenshock" in Switzerland, has now been largely overcome, the ...

A general view shows the building of the Swiss National Bank (SNB) in Zurich, Switzerland November 20, 2017. REUTERS/Arnd ... All 35 economists questioned by Reuters said the central bank would keep its target range for the benchmark interest rate at minus 1.25 percent to minus 0.25 percent. None of ...

... brokerage arm of Swiss bank UBS Group HK$119 million ($15.18 million) and suspend the company from sponsoring an initial public offering (IPO) in the city for 18 months. The penalty is the latest result of an ongoing investigation by Hong Kong's securities regulator into banks that sponsor IPOs there.

... major Swiss financial institutions were willing to boost cooperation with the OSA and the government, posting essential client information on the OSA and foreign ministry websites. The banks also agreed to appoint special advisers and to make it easier for expats to open a bank account in Switzerland.

Raiffeisen has coped clumsily: the bank first downplayed the importance of Vincenz's transactions, even as Swiss regulator Finma began nosing around last year. Chairman Rueegg-Stuerm completely misjudged the collateral damage from the scandal, saying as recently as this past weekend that he would ...

Separately, the Swiss bank said in its annual report on Friday that it will merge UBS Limited, its British entity, into UBS Europe SE, its German ... The plans announced by UBS are the latest sign of how banks are starting to execute on Brexit contingency plans after British Prime Minister Theresa May ruled ...

Authorities have expressed concerns that digital currencies such as bitcoin may become the next offshore bank account – a way for the everyday ... to work with countries in the G20 international forum to prevent cryptocurrencies from becoming the digital equivalent of an anonymous Swiss bank account, ...

The Reserve Bank fined SA's big four banks R125m in 2014 over lax AML controls, although no evidence of money laundering was found. Two years later, the regulator fined Bank of Baroda, which offers banking services for Gupta family companies, R10m for failure to comply with the Financial Intelligence ...

Swiss private banking group Julius Baer and Thailand's Siam Commercial Bank (SCB) Thursday signed agreement to establish a wealth management joint venture (JV) focused on bringing relevant and impactful advice and solutions to the growing Thai private banking market. At inception, Julius Baer will ...

Authorities have expressed concerns that digital currencies such as bitcoin may become the next offshore bank account – a way for the everyday ... to work with countries in the G20 international forum to prevent cryptocurrencies from becoming the digital equivalent of an anonymous Swiss bank account, ...

Anti-nuclear groups based in Switzerland and the Netherlands claim over 300 banks, pension funds and other financial institutions – including the Swiss bank Credit Suisse – last year invested over half a trillion dollars in nuclear weapon producing companies – a jump of $81 billion in one year. The 2018 ...

Anti-nuclear groups based in Switzerland and the Netherlands claim over 300 banks, pension funds and other financial institutions – including the Swiss bank Credit Suisse – last year invested over half a trillion dollars in nuclear weapon producing companies – a jump of $81 billion in one year. The 2018 ...

... in addition to the two accounts that we had already mentioned, including on information posters, Pavel Nikolayevich Grudinin has 11 more accounts. According to the information provided by the Swiss Tax Administration, he had 13 accounts in a Swiss bank as of December 31, 2017," Kinev told reporters.

Thus, as of December 31, 2017 Pavel Grudinin had 13 accounts in Swiss banks,” a member of the Russian Central Elections Commission, Aleksandr ... Russian tabloid news site Life.ru reported that it possessed documents proving that Grudinin was a client of UBS Switzerland AG bank, and that apart from ...

The “No Billag” initiative – a reference to the Billag firm that collects the media licensing fee – divided Switzerland along political and generational lines. ... A broad political coalition along with prominent athletes, filmmakers and even the chief executive of top Swiss bank UBS, Sergio Ermotti, came out in ...

In a case that is making huge waves in corporate Switzerland, the former CEO of Switzerland's Raiffeisen bank, the country's third-largest, has been ... According to Swiss daily NZZ, Vicenz used a straw man to buy up stakes in companies that Raiffeisen, or companies part-owned by the Raiffeisen group, ...

Switzerland's financial markets authority FINMA is probing several local banks as part of a widening net seeking to catch participants in a graft ... dozen Swiss lenders are the object of FINMA's attention in the South American investigation, and earlier this month the watchdog made a private bank, PKB, turn ...

The investigation follows sanctions placed last month against five Venezuelan former officials accused of soliciting bribes to help vendors win favorable treatment from PDVSA, as well as hiding extra profits in Switzerland. The Swiss Financial Market Supervisory Authority (FINMA) is now probing whether ...

Outside, Lake Zurich glistens peacefully in the sunshine, but it isn't nearly as idyllic in the oldest think tank in Switzerland. ... The referendum would allow only the country's central bank to create money and outlaw a basic pillar of global banking: lending money based on the cash deposited in their coffers.

It's unusual for a central bank to have listed shares, but there's a simple reason why the SNB became an anomaly. Switzerland's money used to be printed by private sector banks, and the creation of the SNB in 1906 was a typical Swiss compromise to find a middle way between a public and private sector ...

He said, on the whole, Swiss banks seemed aware of the risks and were well-equipped to deal with them, citing banks' ability to repel around 100 attacks a day from 'Retefe' malware attacks on e-banking systems. But as a country Switzerland was lagging behind others with major financial hubs that have ...