Search Results for: Swiss
Barclays Selects JPMorgan to Replace Credit Suisse as Broker
June 25th, 2015
Barclays Plc picked JPMorgan Chase & Co. to replace Credit Suisse Group AG as a corporate broker amid a review of the bank’s performance by new Chairman John McFarlane. Deutsche Bank AG retained its advisory role. JPMorgan was chosen ...
RVD Markets LTD announces initiation of bankruptcy proceedings
June 23rd, 2015
The company RVD Markets LTD has issued an announcement regarding initiation of bankruptcy proceedings. RVD Markets LTD says: Because of failed hedge operations at the beginning of the calendar year to a collapse of the euro against the Swiss ...
UK to reject EU plans to combat multinational tax avoidance
June 19th, 2015
David Gauke, financial secretary to the Treasury, insists on tax competition as opposed to Union’s plan to introduce common tax rules Britain will reject plans announced in Brussels this week to combat industrial-scale tax avoidance by the world’s biggest ...
UBS Gave Out ‘Instruction Manual on Fixing Libor,’ Hayes Said
June 19th, 2015
Thomas Hayes, a former trader on trial over charges he manipulated benchmark rates, told prosecutors in 2013 that UBS Group AG distributed “an instruction manual on fixing Libor” to suit their trading positions. The Swiss bank’s e-mailed “Guide to ...
New currency ETN from ETFS Foreign Exchange launched on Xetra
June 18th, 2015
ETN tracks the exchange rate movements of the euro to the Swiss franc A new exchange traded note (ETN) from the ETFS Foreign Exchange Limited product family has been tradable via Xetra and Börse Frankfurt since Wednesday. ETF name: ...
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 ...
No VAT on Bitcoin in Switzerland
June 15th, 2015
Excellent news from the Swiss Federal Tax Administration (ESTV): no VAT applies to Bitcoin in Switzerland. “This is excellent news for Bitcoin in Switzerland as it provides the legal certainty we need to professionally operate our business,” Niklas Nikolajsen, ...
UK tax authorities pay record £605,000 to informants
June 15th, 2015
Amount paid by HMRC to reward tip-offs rises by 50% in a year in bid to recoup tens of billions lost annually to tax fraud The amount of money paid to informants by HMRC in its attempts to crack down on ...
Is The Age Of Negative Interest Rates Ending Already?
June 12th, 2015
History teaches that long trends end only when everyone is finally convinced that they’ll keep going. Maybe no trend in modern times has been as convincing as interest rates. The yield on long-term Treasury bonds, for instance, has been ...
Switzerland Rules Out FTA With EU
June 12th, 2015
The Swiss Federal Council has concluded that a free trade agreement with the European Union (EU) would be a step backwards and cause uncertainty. The Council was responding to the postulate of Council of States member Karin Keller-Sutter. The ...
