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...
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...
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...
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...
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...
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...
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...
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...
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...
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...