Results for Switzerland
- Swiss Prosecutors End HSBC Inquiry Without Filing Charges
Prosecutors in Switzerland said on Thursday that they had ended an investigation into possible money laundering at HSBC’s Swiss private bank without filing any criminal charges, the reported. The Geneva prosecutor’s office said that it would not pursue ...
Daily Headline - global.abi.org - 06/04/2015 - 23:06 - 0 comments
- Barclays And RBS Among Banks Fined $5.7 Billion Over Foreign Exchange Market Rigging
Barclays and the Royal Bank of Scotland were among six banks to be fined a total of $5.7 billion (£3.8 billion) by British and US regulators over allegations that they rigged the $5.3 trillion-a-day foreign exchange market, The Standard reported. The ...
Daily Headline - global.abi.org - 05/20/2015 - 21:36 - 0 comments
- Swiss Votes on Pay Bode Ill for Star Bankers
Switzerland’s new “say on pay” rules could make it harder for investment banking stars at UBS and Credit Suisse to outpace their bosses in compensation, the International New York Times DealBook blog reported. All the country’s listed companies face ...
Daily Headline - global.abi.org - 04/02/2015 - 23:18 - 0 comments
- Swiss Refused Request For Help To Pursue HSBC Prosecutions
Switzerland refused a request for assistance to help bring prosecutions here on the basis of the leaked HSBC Geneva banking files, according to the Irish Revenue Commissioners. Revenue chairman Niall Cody has also told the Dáil Committee of Public Accoun ...
Daily Headline - global.abi.org - 02/25/2015 - 22:03 - 0 comments
- SNB’s Cap Decision Could Weigh on Swiss Economy
The Swiss National Bank ’s decision to scrap its cap on the franc’s value will weigh on the Alpine country’s economy and could lead to one or two quarters of contraction, the head of the central bank, Thomas Jordan, said Saturday. The Zurich-based SNB st ...
Daily Headline - global.abi.org - 02/08/2015 - 23:59 - 0 comments
- Administrators Say Some Interest In Alpari From Potential Buyers
Administrators for currency trading firm Alpari (UK) Ltd said they had received a number of inquiries from potential buyers of the business hit by heavy losses from last week's surge in the value of the Swiss franc, Reuters reported. Alpari lost mil ...
Daily Headline - global.abi.org - 01/20/2015 - 00:43 - 0 comments
- Solarmax Parent Company To File For Insolvency
Sputnik Engineering, the parent company of Swiss inverter manufacturer Solarmax, will file for insolvency in Switzerland this week PV Tech has learned. In a circular sent to customers and seen by PV Tech, the company said it had looked for alternatives b ...
Daily Headline - global.abi.org - 11/27/2014 - 20:35 - 0 comments
- Switzerland’s Eurofin in Process of Largely Shutting Down
A Swiss financial company embroiled in the Espírito Santo saga is in the process of largely shutting down, according to people familiar with the matter, The Wall Street Journal reported. The Lausanne-based company, Eurofin Holding SA, is selling or s ...
Daily Headline - global.abi.org - 11/19/2014 - 21:48 - 0 comments
- HSBC’s Swiss Private Bank Charged in Belgium Tax Fraud Inquiry
The Swiss private banking arm of HSBC has been charged by Belgian authorities with assisting wealthy individuals to avoid paying taxes on several billion dollars in assets, the International New York Times DealBook blog reported. A Belgian investigat ...
Daily Headline - global.abi.org - 11/17/2014 - 21:09 - 0 comments
- Monarch Airlines Rescued As Mantegazzas Take Flight
Monarch Airlines has agreed a rescue deal that will result in Switzerland’s Mantegazza dynasty, who started the business with just two aircraft in Luton in 1968, selling up completely, The Telegraph reported. Family patriarch Sergio Mantegazza is und ...
Daily Headline - global.abi.org - 10/26/2014 - 18:41 - 0 comments