Swiss Government

Explained: Why did UBS acquire Credit Suisse for nearly $3.25 billion? How does this affect the bank’s future?

After a chaotic week, UBS, Switzerland’s largest bank, inked a historic deal to acquire Credit Suisse for nearly $3.25 billion with Swiss government backing. The deal — praised by many — is to calm the global market, which has been panicking, and support financial stability

Swiss govt says fully vaccinated persons from India can enter country without COVID-19 test or quarantine

Those who have neither been vaccinated nor have recovered must present a negative PCR test or rapid antigen test and go into quarantine on entry

Swiss voters appear to narrowly back proposal to ban face coverings in public, projects national broadcaster

If implemented, the measure will outlaw covering one's face in public places like restaurants, sports stadiums, public transport or simply walking in the street

Finance ministry declines to share Swiss bank account details of Indians in response to RTI, cites 'confidentiality provisions' of tax treaty

The finance ministry has declined to share Swiss bank account details of Indians saying it is covered under "confidentiality provisions" of a tax treaty signed between India and Switzerland.

No claimants for about a dozen dormant Swiss bank accounts of Indians; risk getting liquidated

The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians

India's Swiss bank black money probe reaches at the doorstep of Mumbai-based software firm

India's fight against suspected black money stashed in Swiss banks has reached a village lane in Andheri area of Mumbai, where an obscure-sounding company, Motech Software Pvt Ltd, was set up nearly two decades ago that allegedly went on to deposit millions of dollars in Switzerland through a maze of offshore entities

Black money investigation: Yash Birla doesn't have individual Swiss bank account in his name, says group

With Yash Birla's name being made public by Swiss government, his business group said he has "no individual bank account in his name or under his control".

Black money: HSBC list from stolen data, says Switzerland government

With a new 'HSBC list' of Swiss bank accounts revealing over 1,000 Indian names, Switzerland today said these are from "stolen data" — an assertion that might make it difficult for India to get details on these accounts without any additional evidence.

Black money: Looking forward to working with India, says Swiss govt

As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland today said it was looking forward to working together with the new government of India in its fight against tax evasion.

Black money: Writing to Swiss govt to expedite process, says Jaitley

The Minister's remark comes a day after a Swiss government official told PTI that names of certain persons and entities, who have come under scanner of Swiss authorities, is being shared with India.