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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 chairman defends French tax case to shareholders

UBS Group had to go to court in France to fight charges that the Swiss bank helped wealthy clients dodge taxes because it was unable to strike a reasonable settlement, Chairman Axel Weber told shareholders on Thursday......»»

Category: topSource: reutersMay 2nd, 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

EUR/CHF - Swiss National Bank Deja Vu

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

Category: topSource: seekingalphaApr 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

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

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 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

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

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

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

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 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

This underrated Facebook business is "an emerging part" of the bull case, says Deutsche Bank

Facebook Inc.'s [s; fb] Facebook Watch video product hasn't received much love from investors since it launched two summers ago, but Deutsche Bank's Lloyd Walmsley sees room for the offering to become a $5 billion annual business "in the ne.....»»

Category: topSource: marketwatchJun 13th, 2019

Credit Suisse, UBS have boosted capital positions: SNB

Switzerland's biggest banks, UBS and Credit Suisse, have improved their capital positions but must strengthen their crisis planning, the Swiss National Bank said on Thursday, citing conclusions of financial watchdog FINMA......»»

Category: topSource: reutersJun 13th, 2019

Investment bank environment still very fragile says UBS

Investment banking conditions have improved over recent months but remains "very fragile," UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender's own business was performing in line with the industry......»»

Category: topSource: reutersJun 6th, 2019

U.S. urges judge to deny Huawei motion in government effort to disqualify lawyer

U.S. prosecutors on Monday asked a judge to reject a motion by China's Huawei seeking information on the grounds for a government request to disqualify the company's lead defense lawyer in a criminal case alleging bank fraud and sanctions violations......»»

Category: topSource: reutersJun 3rd, 2019

Court OKs expedited appeal in NY Trump bank records case

An appeals court said Friday it will speedily consider President Donald Trump's challenge to congressional subpoenas seeking from two banks with which he did business. The 2nd U.S. Circuit Court of... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 3rd, 2019

Judge issues decision in Zona Rosa bonds case

A judge ruled that Platte County is not responsible for covering shortfalls on bonds tied to the Zona Rosa retail project. UMB Bank, trustee for the bonds, argued that the county was responsible for shortfalls in certain circumstances, but Platte .....»»

Category: topSource: bizjournalsMay 31st, 2019

JPMorgan to pay $5M to settle case over parental leave for dads

JPMorgan Chase has reached a tentative settlement in a class-action case launched by a father who sought the same paid parental leave given to mothers. The New York-based bank agreed to create a $5 million fund to compensate about 5,000 fathers who we.....»»

Category: topSource: bizjournalsMay 31st, 2019