Search Results for: Swiss Banks
Low tax Zug aims to become Switzerland’s ‘Crypto Valley’
September 8th, 2016
Zug town hall now accepts bitcoin More than a dozen crypto currency firms operating there so far Government looking at changing regulation to attract more firms The small Swiss canton of Zug, famed for the low taxes that have ...
Fed’s Dislike of Negative Interest Rates Points to Limits of Stimulus Measures
August 29th, 2016
Federal Reserve officials are content to watch others’ experience of negative rates from a distance Federal Reserve officials are turning a cold shoulder to a controversial idea being tried in Japan and much of Europe to boost anemic economies: ...
UBS wins big bank backing for Utility Settlement Coin concept
August 24th, 2016
BNY Mellon, Deutsche Bank, Icap and Santander have joined with UBS and Clearmatics to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology. UBS and Clearmatics floated the model in September 2015 to ...
Mass Bank Account Data Shared By German State
August 12th, 2016
The German state of North Rhine-Westphalia has sent to foreign tax authorities information on more than 100,000 bank account holders suspected of attempting to evade tax in 19 countries, the state’s finance ministry has announced. The state Government revealed ...
Europe expected to retreat at open
August 2nd, 2016
European stocks were lower in morning trade Tuesday, dragged down by banking shares as worries about the health of the region’s lenders continued to weigh on sentiment. The pan-European STOXX 600 was down 0.71 percent. The banking sector was once again ...
Foreign-Exchange Traders Staff Up for Brexit
June 21st, 2016
Many banks have slashed currencies-trading staff; now they are girding for an anticipated surge of activity stemming from this week’s U.K. vote Scott Schultz won’t be making any social plans for this Thursday evening. The co-head of foreign-exchange trading at ...
The top 10 countries with the largest gold holdings
May 26th, 2016
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia ...
Credit Suisse to Sell Distressed-Debt Portfolio for $1.27 Billion
May 4th, 2016
Credit Suisse will take new $100 million charge Credit Suisse Group AG agreed to sell a big chunk of distressed-debt assets, helping to speed the Swiss bank’s retreat from risky trading businesses. TSSP, a credit-investing affiliate of private-equity firm TPG, will ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
Credit Suisse faces tough questions after $1 billion write-downs
April 5th, 2016
On Jan. 19, Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam contacted the head of the Swiss bank’s markets business asking for more details about the fourth-quarter results at the trading division, according to materials seen by Reuters. Two-and-a-half months ...
