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Deja vu: UBS tax case dredges up Swiss bank nightmares

A Swiss court will decide within weeks whether UBS must hand over historical client data to French tax authorities, a ruling that could open the door to fresh financial claims against Switzerland's banks......»»

Category: topSource: reutersMar 15th, 2019

UBS, StanChart settle 2009 Hong Kong IPO misconduct case

UBS Group AG and Standard Chartered PLC have agreed to settle a case of alleged misconduct related to a 2009 IPO in Hong Kong, in a move expected to end uncertainty about the Swiss bank's ability to lead stock listings in the city......»»

Category: topSource: reutersMar 11th, 2019

UBS ignored whistleblower warnings in French tax case: judgment

UBS was warned numerous times over a period of at least six years that its French private bank risked breaking local tax laws, according to the written judgment in a case where the Swiss bank faces a 4.5 billion euro ($5.10 billion) penalty......»»

Category: topSource: reutersFeb 22nd, 2019

Swiss bank UBS fined more than $5 billion in fraud case

UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes......»»

Category: topSource: moneycentralFeb 20th, 2019

Swiss bank UBS fined more than $5 billion in fraud case

UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes......»»

Category: topSource: moneycentralFeb 20th, 2019

UBS to appeal after fined 4.5 billion euros in French tax fraud case

A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties......»»

Category: topSource: reutersFeb 20th, 2019

UBS ordered to pay record $5.1 billion in French tax case

UBS Group AG was ordered to pay more than 4.5 billion euros ($5.1 billion) by a Paris court that found the bank guilty of helping wealthy French clients stash funds in undeclared Swiss accounts. Shares of UBS fell as much as 3.1 percent......»»

Category: topSource: moneycentralFeb 20th, 2019

French court fines UBS 4.5 billion euros in tax fraud case

A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties......»»

Category: topSource: reutersFeb 20th, 2019

Swiss supreme court to rule in sweeping bank secrecy case

Switzerland's highest court convened on Wednesday to decide whether prosecutors can pursue whistleblowers for breaking the country's bank secrecy law wherever they are in the world, a case drawing international scrutiny......»»

Category: topSource: reutersOct 10th, 2018

Former Julius Baer banker pleads guilty in $1.2 billion PDVSA laundering case

A former banker of Swiss bank Julius Baer pleaded guilty to charges he helped launder $1.2 billion worth of funds that were embezzled from PetrĂ³leos de Ve.....»»

Category: topSource: marketwatchAug 22nd, 2018

Swiss regulator: Rothschild Bank AG broke anti-moneylaundering rules in 1MDB case

Rothschild Bank AG and one of its subsidiaries committed serious violations of anti-moneylaundering rules in relation to 1MDB, the Malaysian sovereign wealth fund, Switzerland's financial regulator said on Friday......»»

Category: topSource: reutersJul 20th, 2018

Russian billionaire Abramovich in Swiss court over debt case

Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19-year-old legal case aimed to wrest 46 million Swiss francs ($46 million) in debts allegedly owed by him and others to a European bank......»»

Category: topSource: foxnewsMay 2nd, 2018

EUR/CHF - Swiss National Bank Deja Vu

EUR/CHF - Swiss National Bank Deja Vu.....»»

Category: topSource: seekingalphaApr 20th, 2018

Bank Of America: Pullback Deja Vu Offers Leveraged Profit Potential

Bank Of America: Pullback Deja Vu Offers Leveraged Profit Potential.....»»

Category: topSource: seekingalphaMar 23rd, 2019

Deutsche Bank CEO sees strong case for Commerzbank merger: source

Deutsche Bank chief executive Christian Sewing believes there is a strong case for a merger with Commerzbank, a person with direct knowledge of his thinking said......»»

Category: topSource: reutersMar 21st, 2019

Deutsche CEO sees strong case for Commerzbank merger - source

Deutsche Bank boss Christian Sewing believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking. David Pollard reports......»»

Category: videoSource: reutersMar 21st, 2019

EU watchdog expects banks to have wind-up plan in any merger

The European Union watchdog in charge of disposing of failing banks said on Thursday that Deutsche Bank and Commerzbank should make sure any lender emerging from a possible merger could be wound down in case of a crisis......»»

Category: topSource: reutersMar 21st, 2019

Deutsche Bank CEO sees strong case for merger with Commerzbank: source

Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking......»»

Category: topSource: reutersMar 21st, 2019

Roche sues U.S. executives in fight over diabetes test strips

Roche is seeking tens of millions of dollars in damages and compensation in a U.S. lawsuit against former executives of a Utah-based company, the Swiss drugmaker's latest case targeting what it calls fraudulent schemes involving its diabetes test strips......»»

Category: topSource: reutersMar 21st, 2019

Malaysia to summon two Goldman Sachs units ahead of 1MDB case

Malaysian prosecutors on Monday said they would issue summonses to units of U.S. investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year......»»

Category: topSource: reutersMar 18th, 2019

UBS sets aside 450 million euros for French tax case

Switzerland's biggest bank, UBS, on Friday reported a nearly $400 million boost to its litigation provisions after a French court slapped it with a 4.5 billion euro ($5.09 billion) penalty last month......»»

Category: topSource: reutersMar 15th, 2019