SG Cantonalbank says may sell part of Hyposwiss private bank

Zurich's cantonal bank is halting all transfers to Cuba starting next month to avoid activities deemed in violation of a US embargo on the communist-ruled island. Bern denies umbrella tax evasion deal with US (16 Apr 13) Americans fall out of ...

Zuercher Kantonalbank, the biggest Swiss cantonal bank, expects to pay a fine to U.S. authorities as part of a deferred prosecution agreement for its alleged role in helping Americans evade taxes. The bank will have to negotiate a DPA separately ...

Widmer-Schlumpf speaks to Peter Hegglin, head of the canton Zug's finance department. ZURICH: Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade ...

As attacks on account secrecy and the fall from grace of Switzerland's biggest banks leave Zurich mired in crisis management, another city an hour away is quietly moving ahead. Basel, headquarters of Europe's two biggest drugmakers, Novartis AG ...

P.O. Box, 8022 Zurich Telephone +41 44 631 31 11 [email protected] The Swiss National Bank reports a consolidated profit of CHF 11.2 billion for the first quarter of 2013. The quarterly result of the Swiss National Bank (SNB) was dominated by a CHF ...

* First quarter profit of 11.2 bln Sfr * Bank reports gains on foreign exchange reserves, share holdings * Gold reserves fall in value by 0.1 bln Sfr (Adds detail on portfolio breakdown, background) ZURICH, April 30 (Reuters) - The Swiss National ...

The Swiss National Bank posted a profit for the first three months of the year as the value of foreign currency positions rose. The Zurich-based central bank recorded a profit of 11.2 billion Swiss francs ($12 billion), compared with a consolidated ...

Swiss National Bank (SNBN) President Thomas Jordan won't exclude increasing the central bank's gold holdings at some point and said most of its reserves are held domestically. "As part of a good diversification of currency reserves, a certain ...

The Swiss franc is still strong and the central bank's currency cap remains necessary to insulate the economy, Swiss National Bank President Thomas Jordan said. "It is clearly too early to relax our guard," Jordan said according to the text of a ...