Archive – Banking & Fintech

Another brick in the wall

This content was published on Apr 9, 2013 The secretive, highly layered and multi-jurisdictional trust fund industry has attracted bad headlines ever since the International Consortium of Investigative Journalists uncovered a documentary trail of trusts that led from Singapore to the British Virgin Islands. The inference behind those headlines is that trusts are being used to launder criminal funds and dodge taxes –…

Swiss schadenfreude

This content was published on Apr 8, 2013 “I’m glad that for once other financial centres are also being discussed,” she told Swiss public radio on Monday. “We expect all tax havens around the world to be treated equally.” Thanks to a heap of offshore secrets being unearthed by the International Consortium of Investigative Journalists (ICIJ), a whole range of jurisdictions – from the Cook…

Boot on the other foot

This content was published on Apr 7, 2013 Now, with details of global offshore secrets emerging in the media, it might be Switzerland’s turn to fire a few volleys back at the international community, starting with the Organisation for Economic Cooperation and Development (OECD). There has been a chorus of comment to this effect from politicians and finance officials. “We should put pressure…

Skating on thin ice

This content was published on Apr 7, 2013 Only a few hundred legal experts out of around 9,000 lawyers in Switzerland are actively engaged in the operation, according to the SonntagsZeitung and Le Matin Dimanche Sunday newspapers. But, unlike banks, their activities in the financial world are largely untouched by regulators, allowing them to work under the radar, the newspapers add. This niche group of…

Swiss banks give German clients an ultimatum

This content was published on Apr 6, 2013 Credit Suisse and the private Julius Baer bank confirmed to the Swiss News Agency reports in Saturday’s Tages-Anzeiger and Der Bund newspapers that they had written to their German clients asking them to provide documents to prove that they had declared their holdings. “We are advising our German clients to look at their situation and…

Government keeps mum, banks play defense

This content was published on Apr 5, 2013 The government’s passivity could have to do with the fact that Switzerland was only minimally impacted by the revelations in the grand scheme of things, as the State Secretariat for International Financial Matters (SIF) stated on Friday. SIF, which is attached to the finance ministry, also said the leaks confirm that Swiss financial policies are…

The #offshoreleaks Web chatter

This content was published on Apr 5, 2013

Tax paradise lost

This content was published on Apr 5, 2013 “The baroness, the playboy and her discreet lawyers” might sound like something by Rosamunde Pilcher, but it was the title of a full-page article in Zurich’s Tages-Anzeiger explaining how Switzerland helped people like former beauty queen turned euroroyal Baroness Carmen Thyssen-Bornemisza place their money in tax shelters. Another name that popped up in the paper…

Naming & shaming

This content was published on Apr 4, 2013 The media were treated this week to the appetizer of former French budget minister Jérôme Cahuzac finally admitting to his secret Swiss bank account stash. But an outpouring of names from a new source is putting the spotlight on many more prominent personalities. As far as Switzerland is concerned, the name of German photographer, playboy and heir…

Scratching the surface

This content was published on Apr 4, 2013 “This is the biggest exposé so far into the offshore system, but it represents merely a glimpse of the overall picture,” Berne Declaration spokesman Andreas Missbach told swissinfo.ch. “It provides details of two service providers [in Singapore and the British Virgin Islands], but there are hundreds out there.” Whether this particular iceberg tip will be…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Another brick in the wall

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Swiss schadenfreude

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Boot on the other foot

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Skating on thin ice

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Swiss banks give German clients an ultimatum

More

Government keeps mum, banks play defense

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The #offshoreleaks Web chatter

More

Tax paradise lost

More

Naming & shaming

More

Scratching the surface

Popular Stories

Most Discussed