Search Results for: Swiss banks
S&P Cuts Ratings on European Banks
June 10th, 2015
Deutsche Bank, RBS, Barclays are among the banks being downgraded Standard & Poor’s Ratings Services cut its credit ratings on several European commercial banks on Tuesday, saying it considers the prospect that the governments would provide extraordinary support to ...
Swiss to Vote on Federal Inheritance Tax
June 9th, 2015
Opponents say the measure could cripple hundreds of Switzerland’s small and midsize companies Switzerland will vote this month on introducing a federal inheritance tax, a levy that opponents say could threaten the small and midsize companies that employ roughly ...
Citi keeps top spot in FX trading as European banks slump: poll
May 27th, 2015
European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup (C.N) grabbed business, according to widely watched industry rankings. Citigroup kept its ...
Swiss Bankers Respond To Privacy Initiative
May 25th, 2015
The Swiss Bankers Association (SBA) has published a new report on the “Yes to the protection of privacy” initiative, which criticizes plans to enshrine bank-client confidentiality in the federal constitution. The “Yes to the protection of privacy” initiative was ...
Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging
May 20th, 2015
Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Citicorp, ...
U.S. SEC a stumbling block in banks’ forex guilty pleas – sources
May 15th, 2015
Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with ...
Citigroup Closes Exclusive Credit Program Following Swiss Franc Losses
May 14th, 2015
‘Alternative Credit Program’ clients were fast-tracked through less intensive version of bank’s normal credit checks Citigroup Inc. has closed down a little-known program that allowed a small group of coveted clients to make high-stakes bets on currency markets without going through ...
Banks around the world announced their First Quarter Results
April 30th, 2015
Banks around the world with international operations issued press release to annouce their Results for the First Quarter of 2015. Highlights for Credit Susisse, BNP Paribas, Royal Bank of Scotland and Bank of China are as follow: Credit Suisse ...
Banks Are Poised to Profit From Forex Tumult
April 2nd, 2015
Swiss central bank’s surprise January move led to volatility that can help Wall Street The big currency swings of the past three months have whipsawed many investors. Wall Street may end up loving the action. As U.S. banks closed ...
Swiss Private Bank BSI SA Admits Aiding U.S. Tax Cheats, Will Pay $211 Million
March 31st, 2015
In a deal with U.S. prosecutors, Swiss private bank BSI SA agreed today to pay a $211 million penalty and hand over leads on more than 3,000 accounts with U.S. ties, as well as the actual names of an ...
