The Local Switzerland

Swiss watchdog criticises Credit Suisse over Fifa money laundering

Mon, 17 Sep 2018 15:41:52 +0200

Credit Suisse showed serious "deficiencies" in its efforts to prevent money laundering when dealing with Fifa, Brazilian oil giant Petrobras and Venezuela's state energy company, Switzerland's financial watchdog said on Monday.

Swiss bank exec pleads guilty in $1.2 bn Venezuelan laundering scam

Thu, 23 Aug 2018 11:00:54 +0200

A former Swiss bank manager pleaded guilty in a US court on Wednesday for his role in a $1.2 billion money laundering scheme involving Venezuelan state oil company PDVSA, the Justice Department announced.

Costly US fine slashes Julius Bär profits

Mon, 01 Feb 2016 12:09:14 +0100

Swiss private bank Julius Bär said on Monday that its net profit plummeted in 2015 due to a provision linked to a US probe into the bank's role in helping Americans evade taxes.

Julius Bär bank to pay huge fine in US tax probe

Wed, 30 Dec 2015 12:41:20 +0100

Swiss private bank Julius Bär said on Wednesday it had reached an agreement to settle a US criminal investigation into claims that it helped rich Americans dodge taxes.

Julius Bär sued over 'lost' East German cash

Thu, 21 Aug 2014 23:08:28 +0200

Berlin is suing one of Switzerland's largest banks in its bid to recuperate hundreds of million euros that went missing during the reunification of East and West Germany, the bank said on Thursday.

Julius Bär invests in new Italian bank

Mon, 12 Nov 2012 15:57:00 +0100

Julius Bär, the Zurich-based private bank, is joining forces with Kairos Investment Management in Italy to establish a new private bank.

Profits drop at Swiss bank Julius Bär

Mon, 06 Feb 2012 15:15:00 +0100

Swiss private bank Julius Bär posted a 26.8-percent fall in full year profits on Monday despite healthy cash inflows from emerging markets.

Swiss data hacked in 'Anonymous' attack

Wed, 28 Dec 2011 12:11:00 +0100

The department of Foreign Affairs, the Swiss army, private bank Julius Bär and Nestlé are among the victims of a hacking attack targeting US security firm Stratfor on Christmas Eve.

US-Swiss tax deal on the way: Julius Bär chief

Mon, 21 Nov 2011 16:18:00 +0100

Bern and Washington could arrive within the next three or six months at a deal to regularise assets hidden by American taxpayers in Swiss banks, Julius Bär boss Boris Collardi said on Saturday.

Swiss private bank aids US in tax probe

Wed, 12 Oct 2011 14:08:00 +0200

Swiss private bank Julius Bär said on Wednesday it was cooperating with a US tax evasion probe, alongside several other groups, after a US indictment of two men for consipiracy to hide $600 million
from US authorities.

Explained: the rise and rise of the Swiss franc

Fri, 23 Sep 2011 19:11:00 +0200

Why did Switzerland’s currency surge into overdrive, and has enough been done to rein in the runaway franc? Contributor Meritxell Mir caught up with economist David Meier to get the lowdown on the risk of a Swiss slowdown.