Banking Switzerland Latest Information

Banking Switzerland Latest Information

Swiss Must Kill Bank Secrecy, Revise Deals, EU Tax Chief Says
Switzerland must eliminate banking secrecy and renegotiate tax accords with the U.K. and Germany that clash with regional initiatives, according to European Union Tax Commissioner Algirdas Semeta.

Software Daten Service and Swiss Detecon cooperate concerning FATCA
VIENNA--(BUSINESSWIRE)-- Software Daten Service (SDS), the Austrian market leader for standardised banking and financial services software, and the management consulting company Detecon (Switzerland) AG ...

UBS Brazil Investment-Banking Chief Eduardo Centola Leaves After 15 Months
UBS AG (UBSN) , Switzerland’s biggest bank, said that Eduardo Centola, head of investment banking in Brazil, has left after 15 months at the firm.

Switzerland Stocks Drop as Greek Debt Talks Continue; Bank Shares Decline
Swiss stocks fell for the second time in three days as Greece’s talks with private bondholders for a debt-swap agreement continued.

Swiss media blame banks for caving in to US pressure
Swiss banks came under fire in Sunday newspapers for giving in to US demands on banking secrecy.

UBS Says Brazil Investment Banking Chief Centola Has Left Firm
UBS AG, Switzerland’s biggest bank, said that Eduardo Centola, head of investment banking in Brazil, has left after 15 months at the firm.

UBS Profit Falls 76% on Investment Banking
UBS AG, Switzerland’s biggest bank, said fourth-quarter profit dropped 76 percent after its investment bank reported a second consecutive quarterly loss.

Switzerland Yields To US Tax Demands
Following mounting pressure from the US attorney’s office, Switzerland has finally handed over to US investigators comprehensive, encrypted, banking data pertaining to eleven Swiss banks, alleged to have aided wealthy Americans to evade US taxes amounting to billions of euros.

Banking Industry Will Contract, Lazard’s Parr Says: Tom Keene
The global banking industry will contract during the next few years as firms sell businesses, Lazard Ltd. (LAZ) Vice Chairman Gary Parr said. “There will be less companies competing in the global wholesale business, but it won’t be by mergers,” Parr said today in an interview on Bloomberg Television’s “Surveillance Midday” with Tom Keene from Davos, Switzerland, where he’s attending the World ...

Banking lobby celebrates centenary
The success of Switzerland as a financial centre owes much to the Swiss Bankers Association, also known as SwissBanking, founded a hundred years ago this month.

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