Search Results for: Swiss
The Swiss National Bank (SNB) is reporting a loss of CHF 50.1 billion for the first half of 2015
July 31st, 2015
The central bank of Switzwerland has issued a press release to inform for the Interim results The Swiss National Bank (SNB) is reporting a loss of CHF 50.1 billion for the first half of 2015. The loss on foreign currency ...
Swissquote reported 1st half of 2015 Results
July 29th, 2015
Swissquote issued a press release to inform for the Results of the 1st half of 2015 – Net revenues increased by 5.2% year-on-year to CHF 74.0 million. – Pre-tax profit decreased by 11.1% to CHF 11.7 million – Loss ...
Swiss Exchange reports ETF Quarterly Statistics
July 24th, 2015
In the second quarter of 2015, the Swiss stock exchange saw a trading volume in ETFs of CHF 20.9 billion. Compared to the previous quarter this represents an increase of 11%. This was revealed in the latest edition of ...
IRS Probes Singapore Asset Manager for accepting transfers from undeclared Swiss accounts
July 20th, 2015
First came Switzerland. Now the Internal Revenue Service has a new target: Singapore Criminal investigators at the IRS are probing whether a Singapore asset-management firm accepted transfers from undeclared Swiss accounts closed by U.S. taxpayers, according to lawyers familiar ...
Swiss banks win German market access after long-running tax tiff
July 17th, 2015
Swiss banks can more easily take on clients in neighbouring Germany, the Swiss government said on Thursday, after a deal that ends a lengthy standoff between the two countries over hidden offshore accounts. Germany’s wealthy have traditionally been the ...
Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program
July 10th, 2015
Banque Pasche SA Will Pay $7.229 Million Penalty and ARVEST Privatbank AG Will Pay $1.044 Million Penalty; Both Continue to Cooperate With Department of Justice The Department of Justice announced today that two banks, Banque Pasche SA and ARVEST ...
Swiss National Bank President Thomas Jordan confirmed on Monday that the central bank intervened in markets overnight
June 29th, 2015
Swiss Step Into Currency Market as Greece Adds to SNB’s Woes Greece’s decision to effectively call a public vote on its euro-area membership is one more blow for Switzerland, the country where overwhelming demand for its currency is pushing ...
Swissquote first Swiss bank to launch Apple Watch app
June 26th, 2015
Swissquote Bank, Switzerland’s leading online bank, today announced the launch of the first mobile banking and trading application developed by a Swiss bank for the much anticipated Apple Watch, ahead of its official Swiss release date, the 26th of ...
FIFA, Iran, HSBC Top To-Do List for Swiss Prosecutor
June 18th, 2015
After winning re-election as Switzerland’s Attorney-General on Wednesday, Michael Lauber went straight back to work. Not that he had much choice with a to-do list that’s getting longer by the day. Swiss authorities last week opened a probe into ...
SNB says progress needed from biggest Swiss banks on capital
June 18th, 2015
The Swiss National Bank (SNB) on Thursday welcomed the improvement made by the country’s biggest banks, UBS and Credit Suisse, to their capital strength in the past year but said further progress was needed. “The SNB recommends that the ...
