France requests data on 45,000 UBS accounts from Switzerland
French tax authorities have asked Switzerland to name the holders of 45,161 bank accounts as part of an investigation into alleged tax fraud, French news service AFP has reported.
Switzerland
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Singapore signs fintech agreement with Switzerland
The Monetary Authority of Singapore (Mas) and the Swiss Financial Market Supervisory Authority (Finma) signed a cooperation agreement on Monday to foster greater cooperation on fintech.
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Hinduja bank reaffirms Swiss commitment, plans investment
Geneva-headquartered Hinduja Bank, part of India’s giant Hinduja Group, said it plans to grow and strengthen its operations in Switzerland.
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Ex-Julius Baer ‘whistleblower’ cleared of secrecy law breaches
A former Julius Baer banker accused of passing sensitive data to WikiLeaks has been given a 14-month suspended sentence after a Zurich court turned down prosecution demands that Rudolf Elmer be convicted of breaching Swiss bank secrecy laws despite being based in the Cayman Islands, according to media reports.
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Julius Baer hires HSBC bankers for LatAm push
Swiss wealth manager Julius Baer Group has hired several private bankers from HSBC to bolster the firm’s Latin American business, according to media reports.
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BSI Bank’s former Singapore chief executive sues over bonus
The former chief executive of BSI Bank in Singapore, Hans-Peter Brunner, is suing the Swiss bank for freezing his bonus two months after the Singapore regulator ordered that the bank be shut down.
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Alpine living and the success of Blackden Financial
Blackden Financial’s Christopher Marriot discusses the challenges posed by running a UK-style financial advice business in Switzerland, and the benefits of the expat life.
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UBS ordered to release account details to French authorities
Switzerland’s Federal Tax Administration has ordered UBS to provide account information to French authorities, with the Swiss bank now expecting similar requests from other countries.
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GAM makes UK acquisition in defiance of Brexit worries
GAM, the acquisitive Swiss asset manager, has made another move. It announced today it bought the UK-based multi-strategy systematic manager Cantab Capital Partners for $217m (€195m).
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Ex-Credit Suisse banker pleads guilty to aiding tax evasion
A former Credit Suisse banker, who has been on the run for five years, pleaded guilty in a US federal court on Wednesday to helping Americans evade paying tax.
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Singapore to overtake London as second largest offshore hub
Singapore is expected to overtake London as the world’s second largest offshore financial centre by 2020, a new report suggests.
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PraxisIFM acquisition expands Swiss and African presence
Channel Islands-based financial services group PraxisIFM has acquired Ampersand Management, a fiduciary and corporate governance consultancy, to enhance its presence in Switzerland and expand the company’s footprint in Africa.