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Switzerlands gold exports to India cross Rs 1.2 lakh cr despite black money concerns

Jan 26, 2015

Switzerlands gold exports to India cross Rs 1.2 lakh cr despite black money concerns

Switzerlands gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the Indian shores. #India #Gold #Switzerland #layering #swiss shores
India has independent evidence on black money in Swiss accounts, says Jaitley

Jan 22, 2015

India has independent evidence on black money in Swiss accounts, says Jaitley

India today said it has independent evidence of Indians having black money in Swiss accounts and Switzerland has promised expeditious sharing of information in this regard. #Black money #Switzerland #Swiss Bank accounts
Swiss banks return to basics, pitch 'superior' banking services

Jan 21, 2015

Swiss banks return to basics, pitch 'superior' banking services

The annual WEF meeting in this Swiss ski resort town has always been a perfect place for the bankers from Switzerland-based financial institutions to sign up new clients or get new business from existing customers, including those from India. #India #NewsTracker #Switzerland #Swiss National Bank #WEF #Davos #Bitcoin ATMs
Swiss shocker: Central banks aren't God; they can't revive growth without fiscal backing

Jan 20, 2015

Swiss shocker: Central banks aren't God; they can't revive growth without fiscal backing

The Swiss National Banks' decision to abandon the euro exchange rate ceiling last week shows the limits to central bank power in turning the tide against deflation, It is time for fiscal policy to step in. #Greece #Eurozone #Paul Krugman #Nouriel Roubini #Central banks #Grexit #Swiss Natinoal Bank #Swiss Franc-Euro Peg
Ex-Swiss banker found guilty in WikiLeaks trial, avoids jail

Jan 20, 2015

Ex-Swiss banker found guilty in WikiLeaks trial, avoids jail

ZURICH (Reuters) - A former Julius Baer banker found guilty on Monday of breaching Swiss banking secrecy laws by handing over data about offshore clients to WikiLeaks will avoid jail time. The trial of Rudolf Elmer, 59, a self-described "Gandhi of Swiss tax law", comes as banking secrecy in Switzerland is crumbling under international pressure from countries trying to recoup lost tax revenue. The former senior executive at Zurich-based Baer's Cayman Islands office was accused of passing confidential information to WikiLeaks on two occasions, one in 2008 and another in 2011 #Business #China #Arabic #Middle East #markets #Mexico #Swiss #opinion