Swiss banks

For other Swiss banks it is possible and legal to deal with American taxpayers as a "qualified intermediary" , but the rules are complex.

The concept was loathed by Swiss banks, but is now being introduced into Switzerland and may yet be incorporated into a revamped Basle code.

SWISS banks' reputation for safety is not just a piece of marketing.

Future relations with Swiss banks must be based on an end to banking secrecy , he said .

This was money used to appease a cold war ally long after it became clear President Mobutu was stashing it in Swiss banks .

When it comes to reinventing themselves, Swiss banks have no lack of ideas, but the transformation will be a gradual one.

Reading about nude hikers, says the tourist board's Kanel, "is so much more fun than reading about the Swiss banks. "

"I hope that other Swiss banks will take notice, " said the committee's chairman.

A black list could have led to sanctions not just against the Swiss banks, but against Swiss industry too.

India has already defeated China in every respect of Corruption, swindling of money and trashing black money in Swiss Banks.

Mr. Merz called on other Swiss banks to stick to the law and regulations in light of the UBS case.

The Puppet Master lives in Europe and certainly utilizes the secrecy of the Swiss banks during his massive global operations.

Swiss banks, notably UBS, have seen their schemes exposed by the authorities, and the institutions' reputations have been hurt.

However desirable, it was unrealistic to expect Swiss banks to hand over information about foreign taxpayers.

Reducing the amount of foreign assets that Swiss banks hold is sensible but privileging domestic lending so flagrantly is alarming.

"I do not have one penny in Swiss banks, " Erdogan said in an angry speech at a public ceremony in Ankara.

Supervisors judged that Swiss banks needed extra safeguards to calm the nerves of clients of their huge private-banking arms.

In the popular imagination as well as Hollywood films the answer is clear: customers of Swiss banks do.

Other Swiss banks have followed, though more modestly, given the heavy investments involved.

Swiss banks are meanwhile offering renminbi bond funds domiciled in the Cayman Islands.

The Swiss banks deny resorting to such measures but admit that they have widened their selection criteria.

"We have heard from two contacts that Erdogan has eight accounts in Swiss banks, " the cable said.

The order requires all Swiss banks to examine their accounts and to freeze any which are covered.

of the blue, when the Swiss banks announced they bad signed a5 - year pact with the Swiss National Bank.

In return, Swiss banks can continue to keep the identity of account holders secret.

And what the Swiss banks face today, those eyeing private banking will contend with tomorrow.

Moreover, Swiss banks had thought they had bought off pressure from the EU by two tactics.

After all, Greece owes some French and Swiss banks something on the order of $160 billion.

Whereas Basel 3 requires banks to carry core capital of 7% of risk-adjusted assets, the Swiss banks will need 10%.

According to the Swiss Financial Market Supervisory Authority, FINMA, the four Swiss banks got it wrong in obvious ways.

Trust in Swiss banks also declined.

The bigger Swiss banks have the option of serving their clients onshore: UBS has more than 32, 000 employees in America.

In 1983, when he was approached for advice by a group of Swiss banks,

Scale Economies for Swiss Banks and Suggestion for China's Banks