swiss bank

Credit Suisse Cuts Top Executives’ Variable Compensations by 40%

Credit Suisse CEO Tidjane Thiam and the bank's board of directors have offered to cut their own bonuses by 40%…

8 years ago

HSBC Closes Private Banking Bussiness in India

Swiss bank HSBC has decided to close its private banking unit in India, where the increasing number of wealthy individuals…

9 years ago

Herve Falciani: HSBC Tax Leaker Gets Five-Year Sentence in Absentia

Former HSBC employee Herve Falciani has been convicted of economic espionage and sentenced to five years in jail in absentia,…

9 years ago

Kweku Adoboli: UBS Trader Banned from Working in Financial Services

Convicted former UBS trader Kweku Adoboli has been formally banned from working in the financial services industry. Kweku Adoboli, 35,…

9 years ago

FIFA Corruption Scandal: Swiss Banks Report Money Laundering Suspicions

Swiss banks have reported suspicions of money laundering by soccer’s governing body FIFA. Local prosecutors are investigating 53 cases of…

9 years ago

UBS reaches agreement with Federal Housing Finance Agency over US mortgage litigation

Swiss bank UBS has reached an agreement with US housing agencies to settle claims it had mis-sold mortgage investments. UBS…

11 years ago

Jose Manuel Barroso urges full tax data exchange

The head of the European Commission has told the European Parliament he wants EU-wide exchange of income data as part…

12 years ago

Kweku Adoboli case: UBS fined $47.6 million by FSA

The Financial Services Authority (FSA) has fined UBS $47.6 million for failings that led to trader Kweku Adoboli losing $2.2…

12 years ago

Kweku Adoboli sentenced to seven years in jail for UBS $2.2 billion-fraud

Kweku Adoboli, the City trader who lost $2.2 billion of Swiss bank UBS's money, has been found guilty of two…

12 years ago

Costas Vaxevanis acquitted in Greek bank list trial

Greek journalist Costas Vaxevanis has been acquitted of breaching privacy for publishing the names of 2,000 suspected tax evaders. Costas…

12 years ago