Tag archive for ‘Swiss bank’
News On Thursday, March 10th, 2016

Privatbank Edmond de Rothschild (Suisse) Gets Record $8.2 Billion New Money, Bloomberg

Edmond de Rothschild’s Swiss bank said it attracted a record amount of net new money last year and warned that markets will continue to be volatile in 2016. Clients added 8.2 billion Swiss francs ($8.2 billion) More...

Ilan Shavit On Friday, February 5th, 2016

Julius Baer admits to U.S. tax fraud, to pay $547 million

Switzerland’s third-largest wealth manager, Julius Baer Group Ltd.,  agreed to pay $547 million to avoid U.S. prosecution and admitted it helped American clients hide billions of dollars in assets from More...

News Brief On Sunday, October 11th, 2015

U.S. tax authorities Chases Swiss Bank Secrets to Israel and Singapore

  41 Swiss banks signed amnesty agreements this year with the U.S. Justice Department that required disclosing the tricks they used to help customers hide assets, naming bankers and middlemen who enabled More...

Stella Korin-Lieber On Wednesday, February 11th, 2015

Israel Tax Authority chief: We’ll reach all unreported bank accounts

Israel Tax Authority head Moshe Asher spoke to “Globes” after the revelations earlier this week about 6, 500 accounts in HSBC’s Swiss branch with Israel connections. The list had been known More...

Lilach Weissman On Monday, February 9th, 2015

Israeli Tax Dodgers Exposed in Swiss HSBC Scandal with $10 billion in Secret Accounts

It is estimated that 6, 500 Israeli citizens have been hiding about $10 billion in secret HSBC bank accounts in Switzerland, it has been revealed by documents released Sunday night by the International Consortium More...

Chen Maanit On Wednesday, January 28th, 2015

More arrests over unreported Swiss accounts

A social worker from little town Holon is suspected of keeping $1 million in unreported overseas accounts.     Haifa Magistrates Court Judge Eran Kotton today granted the request by the Israel Tax More...

Vered Weiss On Thursday, January 22nd, 2015

Julius Baer, Unscathed by Swiss Uncapping of the Franc, Warning of Pain Ahead for Banks

The Swiss National Bank made the shocking move of eliminating its currency cap on the Swiss franc, and many banks lost money. Citigroup, Deutsche Bank and Barclay’s suffered joint losses of $400 million More...

Irit Avissar On Wednesday, December 31st, 2014

Swiss banks target Israeli tax evaders

Swiss banks are demanding that account holders show confirmation that capital has been reported to the Israel Tax Authority. Swiss banks are training their crosshairs on Israeli customers. Legal sources said More...

Vered Weiss On Monday, December 29th, 2014

NY Attorney General Takes on Credit Suisse

NY Attorney General Eric Schneiderman is taking on Credit Suisse over allegedly deceiving investors over mortgage-backed securities. The Swiss bank tried to have the case dismissed, but unsuccessfully, as More...

Globes On Wednesday, December 10th, 2014

Israeli Swiss bank tax evasion investigation widens

– A senior Israeli is among many suspected of owning unreported Swiss bank accounts totaling hundreds of millions of euros. –   /By Chen Ma’anit and Amiram Barkat/ A senior figure is suspected More...

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