GenevaLunch » Credit Suisse 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 Swiss bank surveillance gets tougherhttp://genevalunch.com/blog/2012/05/23/swiss-bank-surveillance-gets-tougher/ http://genevalunch.com/blog/2012/05/23/swiss-bank-surveillance-gets-tougher/#comments Wed, 23 May 2012 16:08:34 +0000 Ellen Wallace http://genevalunch.com/?p=70464 GenevaLunch.com BERN, SWITZERLAND – The Swiss financial surveillance body Finma will be keeping a closer eye on Swiss banks, particularly the two big banks UBS and Credit Suisse, under rules approved by the governing Federal Council Wednesday 23 May. Finma will work more closely with corporate auditors and strengthen its field team with the goal of [...]

Swiss bank surveillance gets tougher © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/05/23/swiss-bank-surveillance-gets-tougher/feed/ 0 Credit Suisse results squeezed by tighter Basel capital ruleshttp://genevalunch.com/blog/2012/04/25/credit-suisse-results-squeezed-by-tighter-basel-capital-rules/ http://genevalunch.com/blog/2012/04/25/credit-suisse-results-squeezed-by-tighter-basel-capital-rules/#comments Wed, 25 Apr 2012 06:13:00 +0000 Ellen Wallace http://genevalunch.com/?p=69464 GenevaLunch.com ZURICH, SWITZERLAND – Credit Suisse showed a first quarter 2012 return to positive net income, Switzerland’s second largest bank said Wednesday 25 April. The results were announced before markets opened. Chief executive Brady Dougan said in a statement that the bank had a good start to 2012, and the figures were indeed better than analysts’ [...]

Credit Suisse results squeezed by tighter Basel capital rules © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/25/credit-suisse-results-squeezed-by-tighter-basel-capital-rules/feed/ 0 650 Credit Suisse clients, CHF5.4 million: budget leaks the cost of US taxman demandshttp://genevalunch.com/blog/2012/03/29/650-credit-suisse-clients-chf5-4-million-budget-leaks-the-cost-of-us-taxman-demands/ http://genevalunch.com/blog/2012/03/29/650-credit-suisse-clients-chf5-4-million-budget-leaks-the-cost-of-us-taxman-demands/#comments Wed, 28 Mar 2012 22:00:10 +0000 Ellen Wallace http://genevalunch.com/?p=68367 GenevaLunch.com BERN, SWITZERLAND – Journalists have been hounding the Swiss government for months about the number of US clients of Credit Suisse targeted by the US Justice department and Wednesday evening the information came out, but through a back door: it was tucked into a budget note from the Federal Council. The number of clients whose [...]

650 Credit Suisse clients, CHF5.4 million: budget leaks the cost of US taxman demands © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/29/650-credit-suisse-clients-chf5-4-million-budget-leaks-the-cost-of-us-taxman-demands/feed/ 0 Swiss trader loses typo case over millions, to JP Morganhttp://genevalunch.com/blog/2012/03/27/swiss-trader-loses-typo-case-over-millions-to-jp-morgan/ http://genevalunch.com/blog/2012/03/27/swiss-trader-loses-typo-case-over-millions-to-jp-morgan/#comments Tue, 27 Mar 2012 16:35:54 +0000 Paula Dupraz http://genevalunch.com/?p=68271 GenevaLunch.com GENEVA. SWITZERLAND – A Swiss-based currency trader, Kai H, lost a case Monday 26 March where he claimed investment bank JP Morgan owed him millions. He sought 10 times what the bank said it promised to pay him when it hired him in 2010. The trader filed the claim in London’s Queens Court division of [...]

Swiss trader loses typo case over millions, to JP Morgan © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/27/swiss-trader-loses-typo-case-over-millions-to-jp-morgan/feed/ 0 Swiss business, economy: CS management pay cuts, 2012 GDP forecast uphttp://genevalunch.com/blog/2012/03/23/swiss-business-economy-cs-management-pay-cuts-2012-gdp-forecast-up/ http://genevalunch.com/blog/2012/03/23/swiss-business-economy-cs-management-pay-cuts-2012-gdp-forecast-up/#comments Fri, 23 Mar 2012 11:41:52 +0000 Ellen Wallace http://genevalunch.com/?p=68206 GenevaLunch.com ZURICH, SWITZERLAND – The KOF, the economic research institute at the University of Zurich has upgraded its forecast for the Swiss economy in 2012, noting that the 0.8 percent rise hides a stronger upward swing towards the end of the year. The group notes in a press release: “Private consumption will make the biggest contribution [...]

Swiss business, economy: CS management pay cuts, 2012 GDP forecast up © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/23/swiss-business-economy-cs-management-pay-cuts-2012-gdp-forecast-up/feed/ 0 Credit Suisse’s Q4 slide into the red worse than expected (update)http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/ http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/#comments Thu, 09 Feb 2012 08:02:58 +0000 Ellen Wallace http://genevalunch.com/?p=66440 GenevaLunch.com ZURICH, SWITZERLAND – Credit Suisse Thursday 9 February reported a net loss of CHF637 million for the fourth quarter of 2011, significantly worse than many analysts’ expectations, according to Bloomberg. Full-year figures remained in the black, with net income of CHF1.95 billion, but the profit was down by 62 percent, compared to a net profit of [...]

Credit Suisse’s Q4 slide into the red worse than expected (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/feed/ 0 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 Didier Cuche, Sarah Meier win 2011 Swiss sports trophieshttp://genevalunch.com/blog/2011/12/12/didier-cuche-sarah-meier-win-2011-swiss-sports-trophies/ http://genevalunch.com/blog/2011/12/12/didier-cuche-sarah-meier-win-2011-swiss-sports-trophies/#comments Mon, 12 Dec 2011 11:47:42 +0000 Ellen Wallace http://genevalunch.com/?p=64627 GenevaLunch.com ZURICH, SWITZERLAND – Some like it cold: Switzerland’s male and female athletes of the year, awarded the titles by Credit Suisse, are winter sports specialists. Didier Cuche at age 37 is one of the longest-enduring top athletes in the country, still at the top of his ski form with World Cup titles in downhill and [...]

Didier Cuche, Sarah Meier win 2011 Swiss sports trophies © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/12/12/didier-cuche-sarah-meier-win-2011-swiss-sports-trophies/feed/ 0 Credit Suisse’s US offshore accounts to be moved onshore (update)http://genevalunch.com/blog/2011/11/25/credit-suisses-us-offshore-accounts-to-be-moved-onshore-update/ http://genevalunch.com/blog/2011/11/25/credit-suisses-us-offshore-accounts-to-be-moved-onshore-update/#comments Fri, 25 Nov 2011 13:00:19 +0000 Ellen Wallace http://genevalunch.com/?p=64008 GenevaLunch.com ZURICH, SWITZERLAND – US-based private clients of Swiss bank Credit Suisse will no longer be able to do offshore banking with the company, in a move that may signal one of the first steps by an international bank to deal with Fatca (Foreign Account Tax Compliance Act), new US financial regulations that are expected go [...]

Credit Suisse’s US offshore accounts to be moved onshore (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/25/credit-suisses-us-offshore-accounts-to-be-moved-onshore-update/feed/ 1 Zurich banker to continue helping IRS: 5 year suspended dealhttp://genevalunch.com/blog/2011/11/21/zurich-banker-to-continue-helping-irs-5-year-suspended-deal/ http://genevalunch.com/blog/2011/11/21/zurich-banker-to-continue-helping-irs-5-year-suspended-deal/#comments Mon, 21 Nov 2011 08:43:19 +0000 Ellen Wallace http://genevalunch.com/?p=63703 GenevaLunch.com ZURICH, SWITZERLAND – Renzo Gadola, former UBS wealth management senior banker, was given a sentence of five year’s probation last week in Florida after he was earlier found guilty of helping wealthy Americans evade US taxes by hiding their assets in offshore accounts. It came out in a court document, “Motion for Downward Departure From [...]

Zurich banker to continue helping IRS: 5 year suspended deal © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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