Swiss spy saga revived

GENEVA, SWITZERLAND – Remember the story about the wannabe Swiss spy, a technician who stole data from the national spy agency, FIS (SRS in French and SND in German) which surfaced at the end of September? It’s resurfaced, with the Swiss reportedly officially telling the UK and the US that they cannot guarantee no data […]

Swiss intelligence agency victim of staffer data theft

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All the data recovered and police stopped sale to third parties BERN, SWITZERLAND – The Swiss Federal Intelligence Service (FIS) was the victim in early summer 2012 of a data theft by one of its staff, the federal Department of Justice and Police says. The thief was caught early, charges were immediately filed with the […]

Julius Baer says new bank data theft was fired employee

ZURICH, SWITZERLAND – Bank Julius Baer has confirmed rumours circulating for nearly a week, and reports in Swiss-German media Sunday, that data about German customers’ accounts was stolen by a former employee. The bank says it has contacted the clients whose accounts were part of the theft and that the former staff member has been […]

HSBC retired banker sues Geneva branch over US data sharing

GENEVA, SWITZERLAND – A 71-year-old former manager at HSBC bank in Geneva is suing the bank’s current management for giving his name to the US Justice Department, reports Swiss news agency ats, confirming  information published Sunday by Le Matin. The ex-banker has taken his former employer to the Swiss Attorney General’s office for violating banking […]

Tax treaty with Germany could still be signed by Merz

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Bern, Switzerland (GenevaLunch) – The double taxation treaty between Germany and Switzerland may be signed by Federal Councellor Hans-Rudolf Merz before he steps down this month. The agreement with Germany, whose citizens hold more money in Swiss banks than those of any other nation, has led to frequent friction between the two countries, as Germany […]

French prosecutor claims 80,000 HSBC account holders identified

Numbers don’t correspond to files handed back to Geneva bank Nice, France (GenevaLunch) – The public prosecutor in Nice, Eric de Montgolfier, told a group of reporters Wednesday 14 April that 80,000 account holders have been identified, 8,000 of them French, from the files stolen from HSBC bank’s Geneva offices in 2007. The former HSBC […]

HSBC’s timeline on bank theft shows it was out in the cold

Falciani’s theft covered several months but it is not yet clear how he did it [correction 13 March] Geneva, Switzerland (GenevaLunch) – The extraordinary under-assessment by HSBC of the number of bank accounts implicated in the theft of data from Geneva begins to make more sense when the timeline the bank provided to the press […]

France to return stolen HSBC client data

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Update 21:15 (last paragraph) Bern, Switzerland (GenevaLunch) – The French authorities have responded favourably to Switzerland’s demand to return the data stolen by a former employee of HSBC Private Bank in Geneva, reportedly amounting to 130,000 client names. French Ministry of Justice officials confirmed that the stolen laptop was to be returned “very quickly”. The […]

French-Swiss tensions rise over stolen bank data

Update  18:00  Bern, Switzerland (GenevaLunch) – France says it did not break any French laws in accepting stolen data from a Swiss branch of HSBC, and right-wing politicians in Paris called for Switzerland to be put onto an OECD black list of tax havens if the Swiss refuse to ratify a pending treaty with France […]

HSBC data theft may involve more than 10 clients

Geneva, Switzerland (GenevaLunch) – The French public prosecutor in Nice, southern France, Eric de Montgolfier, has revealed that his office is in possession of confidential details of up to 130,000 clients from HSBC’s private banking branch in Geneva. The data was acquired by the French state when Hervé Falciani, a former IT employee of the […]