GenevaLunch » banking http://genevalunch.com Community Newspaper Online Fri, 25 May 2012 22:00:00 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright © GenevaLunch 2010 editor@genevalunch.com (GenevaLunch) editor@genevalunch.com (GenevaLunch) http://genevalunch.com/wp-content/plugins/podpress/images/powered_by_podpress.jpgGenevaLunchhttp://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no Blocher could face investigation, Hildebrand’s wife observed the ruleshttp://genevalunch.com/blog/2012/04/25/blocher-could-face-investigation-hildebrands-wife-observed-the-rules/ http://genevalunch.com/blog/2012/04/25/blocher-could-face-investigation-hildebrands-wife-observed-the-rules/#comments Wed, 25 Apr 2012 19:42:10 +0000 Ellen Wallace http://genevalunch.com/?p=69493 GenevaLunch.com BERN, SWITZERLAND – Kashya Hildrebrand broke no rules and Christoph Blocher should not have parliamentary immunity: two decisions came from separate corners Wednesday 25 April that could shift the impact of the scandal that led to the resignation of Switzerland’s central bank chief Philipp Hildebrand in early January. The Swiss National Bank announced Wednesday evening [...]

Blocher could face investigation, Hildebrand’s wife observed the rules © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/25/blocher-could-face-investigation-hildebrands-wife-observed-the-rules/feed/ 0 Swiss president, US attorney general discuss tax issues at IMF meetinghttp://genevalunch.com/blog/2012/04/22/swiss-president-us-attorney-general-discuss-tax-issues-at-imf-meeting/ http://genevalunch.com/blog/2012/04/22/swiss-president-us-attorney-general-discuss-tax-issues-at-imf-meeting/#comments Sun, 22 Apr 2012 09:50:35 +0000 Ellen Wallace http://genevalunch.com/?p=69300 GenevaLunch.com Switzerland to share seat with Poland, pledges additional $10 billion to IMF BERN, SWITZERLAND – Swiss President Eveline Widmer-Schlumpf and US Attorney General Eric Holder met on the fringes of a key International Monetary Fund (IMF) meeting in Washington 20-21 April. Bern’s statement was brief, noting that the two met “in order to discuss bilateral [...]

Swiss president, US attorney general discuss tax issues at IMF meeting © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/22/swiss-president-us-attorney-general-discuss-tax-issues-at-imf-meeting/feed/ 0 Austria, Switzerland sign tax agreement like UK, German oneshttp://genevalunch.com/blog/2012/04/13/austria-switzerland-sign-tax-agreement-like-uk-german-ones/ http://genevalunch.com/blog/2012/04/13/austria-switzerland-sign-tax-agreement-like-uk-german-ones/#comments Fri, 13 Apr 2012 15:24:33 +0000 Ellen Wallace http://genevalunch.com/?p=68999 GenevaLunch.com BERN, SWITZERLAND – Switzerland and its neighbour Austria Friday 13 April signed an agreement calling for Swiss banks to withhold tax on income from offshore accounts held by Austrian citizens. The account holders will then have to decide to either forfeit the tax or declare the accounts. The agreement is similar to those signed by [...]

Austria, Switzerland sign tax agreement like UK, German ones © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/13/austria-switzerland-sign-tax-agreement-like-uk-german-ones/feed/ 0 Geneva’s banking sector slips another small notch in economyhttp://genevalunch.com/blog/2012/03/19/genevas-banking-sector-slips-another-small-notch-in-economy/ http://genevalunch.com/blog/2012/03/19/genevas-banking-sector-slips-another-small-notch-in-economy/#comments Mon, 19 Mar 2012 11:49:01 +0000 Ellen Wallace http://genevalunch.com/?p=67903 GenevaLunch.com GENEVA, SWITZERLAND – Geneva’s financial sector remains a significant part of the canton’s economy, responsible for 20 percent of the gross domestic product (GDP), but in 2007 that figure was 25 percent, and 2011 shows new slippage. Ocstat, the canton’s statistical office, Monday 19 March said that while financial business rose by 0.9 percent in [...]

Geneva’s banking sector slips another small notch in economy © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/19/genevas-banking-sector-slips-another-small-notch-in-economy/feed/ 0 Swiss gov’t raises the ante for banks, other countries (update 2)http://genevalunch.com/blog/2012/02/22/swiss-govt-raises-the-ante-for-banks-other-countries-update-2/ http://genevalunch.com/blog/2012/02/22/swiss-govt-raises-the-ante-for-banks-other-countries-update-2/#comments Wed, 22 Feb 2012 19:32:38 +0000 Ellen Wallace http://genevalunch.com/?p=66875 GenevaLunch.com BERN, SWITZERLAND – The Swiss government announced the first phase of a strategy “for a credible, tax-compliant and competitive Swiss financial centre” Wednesday 22 February. The statement for the first time puts the emphasis on future offshore clients stating they are tax-compliant at home before an account will be opened. The Federal Council says it [...]

Swiss gov’t raises the ante for banks, other countries (update 2) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/22/swiss-govt-raises-the-ante-for-banks-other-countries-update-2/feed/ 0 Swiss to put Too Big to Fail bank rules into effect 1 Marchhttp://genevalunch.com/blog/2012/02/15/swiss-to-put-too-big-to-fail-bank-rules-into-effect-1-march/ http://genevalunch.com/blog/2012/02/15/swiss-to-put-too-big-to-fail-bank-rules-into-effect-1-march/#comments Wed, 15 Feb 2012 16:09:02 +0000 Ellen Wallace http://genevalunch.com/?p=66701 GenevaLunch.com BERN, SWITZERLAND – Switzerland will implement its tough new bank capitalization rules in two weeks, starting 1 March, the Federal Council said Wednesday. The measures calling for more risk capital were approved nearly a year ago by the council, then debated in parliament, which approved the amendment to the Banking Law in September. The new [...]

Swiss to put Too Big to Fail bank rules into effect 1 March © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/15/swiss-to-put-too-big-to-fail-bank-rules-into-effect-1-march/feed/ 0 UBS investment banking losses cut into profitshttp://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/ http://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/#comments Tue, 07 Feb 2012 10:23:28 +0000 Ellen Wallace http://genevalunch.com/?p=66346 GenevaLunch.com ZURICH, SWITZERLAND – UBS, Switzerland’s largest bank, posted a full-year net profit of CHF4.23 billion, compared to CHF7.5b in 2010. The bank’s revenues were up in some areas and new money under management grew strongly, up CHF42.4 billion for the year, showing a turnaround in consumer confidence. But profits were hurt by fourth quarter losses [...]

UBS investment banking losses cut into profits © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/feed/ 1 Swiss investigation into possible bank lending rate fixing is latest in a stringhttp://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/ http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/#comments Sat, 04 Feb 2012 09:57:41 +0000 Ellen Wallace http://genevalunch.com/?p=66271 GenevaLunch.com BERN, SWITZERLAND – Comco, Switzerland’s competition commission, has opened an investigation into more than 10 international banks and companies and the country’s two largest, UBS and Credit Suisse, for possible “collusion between derivative traders [that] might have influenced the reference rates Libor and Tibor. Furthermore, market conditions regarding derivative products based on these reference rates [...]

Swiss investigation into possible bank lending rate fixing is latest in a string © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/feed/ 0 Swiss bank Wegelin braced for “expected” fight with UShttp://genevalunch.com/blog/2012/01/05/swiss-bank-wegelin-braced-for-expected-fight-with-us/ http://genevalunch.com/blog/2012/01/05/swiss-bank-wegelin-braced-for-expected-fight-with-us/#comments Thu, 05 Jan 2012 04:31:55 +0000 Ellen Wallace http://genevalunch.com/?p=64973 GenevaLunch.com ZURICH, SWITZERLAND – Wegelin Bank in St Gallen, possibly Switzerland’s oldest bank, made headlines back in August 2009 when it published a newsletter with the heading “Farewell America”, saying it was pulling out of the US and advising its clients to get out of US securities. This week the bank says it is prepared for [...]

Swiss bank Wegelin braced for “expected” fight with US © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/05/swiss-bank-wegelin-braced-for-expected-fight-with-us/feed/ 1 UBS among 16 banks downgraded by S&P’shttp://genevalunch.com/blog/2011/11/30/ubs-among-16-banks-downgraded-by-sps/ http://genevalunch.com/blog/2011/11/30/ubs-among-16-banks-downgraded-by-sps/#comments Wed, 30 Nov 2011 12:44:22 +0000 Ellen Wallace http://genevalunch.com/?p=64270 GenevaLunch.com Stock markets down on gloomy news ZURICH, SWITZERLAND – Standard & Poor’s applied new credit rating standards to 37 of the world’s largest banks 30 November, which resulted in the downgrading of a number of major banks, for different areas of their businesses. Seven of eight US banks on the list were downgraded. China Construction [...]

UBS among 16 banks downgraded by S&P’s © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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