Search Results for: Swiss National Bank
Switzerland Postpones Withholding Tax Reforms
June 26th, 2015
The Swiss Federal Council is to postpone a planned overhaul of the withholding tax (WHT) system and re-examine the appropriateness of the reforms at a later date. In Switzerland, WHT is levied on interest, participation income, lottery winnings, and ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
Chinese investors protest over missing US$1.2b
June 17th, 2015
Chinese investors who sank about $1.2 billion into companies in Switzerland that did not have trading licenses have staged protests in Geneva to demand their money back. The Swiss financial watchdog and legal experts say they face tremendous difficulties ...
HSBC pays out £28m over money-laundering claims
June 5th, 2015
Geneva prosecutor agrees to close investigation into HSBC in return for the financial settlement HSBC has been ordered to pay a record 40m Swiss francs (£28m) and been given a final warning by the Geneva authorities for “organisational deficiencies” which ...
FxPro Group May Hold London IPO as Soon as Next Year, CEO Says
June 4th, 2015
FxPro Group Ltd. may hold an initial public offering in the U.K. as soon as next year as the online currency broker considers making acquisitions and expanding into new markets. The privately held company, which in 2010 canceled an ...
Russia Increasing Gold Reserves as a Hedge Against Political Uncertainty
May 27th, 2015
Russia is increasing its gold holdings because gold is a reserve asset that is free from legal and political risks, a senior central banker said on Tuesday. The comments by Dmitry Tulin, who manages monetary policy at the Central Bank, reflect Russian fears that the country’s overseas assets ...
BATS Chi-X Europe Overhauls ETF Trading Tariffs
May 20th, 2015
Pricing Effective 1st June and will apply to all ETFs traded on BATS Chi-X Europe; Exchange Will Also Offer Free ETF Listings BATS Chi-X Europe (BATS), Europe’s largest stock exchange, has announced new trading tariffs to incentivise tighter price ...
HSBC whistleblower claims work ‘not done yet
May 4th, 2015
Herve Falciani, a former HSBC employee who leaked information on the bank’s clients and tax situation, has told Spanish newspaper El Mundo he had knowledge of other cases and could act again, adding his “work was not done”. Mr ...
Switzerland, EU to tackle tax evasion
March 20th, 2015
Bern and Brussels have clinched a deal to exchange bank account data in an effort to tackle tax fraud. The agreement comes after a recent report exposed the global economic damage caused by offshore accounts. Switzerland and the European ...
FXCM Aims for FastMatch, Lucid Stake Sale to Repay Loan
March 16th, 2015
FXCM Inc., the currency brokerage nearly ruined in January by the Swiss franc’s surge, is seeking to sell its stakes in three trading businesses as it grapples with repaying an emergency loan. The company started the process of selling ...
