Forex: USD/CHF Rise After SNB Chairman's Speech

ZURICH--The Swiss National Bank must maintain its policy of defending its exchange-rate floor as the country is still battling with deflation and fresh safe-haven inflows could again push the Swiss franc higher, reinforcing that trend and putting ...

17, 2013, 9:13 IST | Agency: DNA Mayank Tewari Follow @mayankis In a move that practically guarantees civility in parliament and an unprecedented cooperation between the government and the opposition in the last year of the UPA II, a high level committee ...

The Holy See also hired a Swiss anti-money-laundering lawyer in its bid to enter a "white list" of states that are said to respect international standards on fighting money laundering and terrorism financing.

India should take advantage of the virtual crisis gripping the Swiss banking sector due to global campaign against bank secrecy laws to deal with the black money issue, BJP leader L K Advani has said.

"If the automatic exchange of information becomes an international standard, Switzerland will be prepared to discuss it" Anne Cesard said.

German authorities said they have purchased a CD containing secret Swiss bank account details of thousands of alleged tax evadors. The south-western state of Rhineland-Palatinate said th...

The Swiss bank also accused Agostina Pechi of conducting an "after-hours document raid" when she was scheduled to be on vacation in which she allegedly copied transaction documents related to a longtime Credit Suisse client.

For the Swiss central bank, cash was king this quarter.

Katounas, most recently a Dubai-based director at Credit Suisse, worked in the investment banking division of the Swiss lender.