International Finance

Tag : Switzerland

Economy

A Billion-dollar Opportunity for Developing Countries

BY OTAVIANO CANUTO. 19th November 2013 The decision last week by the Swiss government to sign the OECD’s somewhat lengthily named Convention on Mutual Administrative Assistance in Tax Matters is the latest of a series of developments that have radically increased the amount and quality of tax information available to governments. For developing countries, being...
Finance Wealth Management

Switzerland Far Ahead of the Pack

The key players in the Swiss financial centre are the banks, and their core business is wealth management. 27th August 2013 When you mention Switzerland, most people think of mountains and cheese with banks coming a close third. The country has a highly successful market economy based on banking and international trade, its standards of...
Banking Uncategorized

Switzerland to Relax Bank Secrecy Laws

SWITZERLAND aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to US prosecutors. Dealing a huge blow to Switzerland’s historic banking secrecy, Swiss finance officials on Wednesday approved a plan that would allow the country’s...
Finance Wealth Management

UBS Wealth Management Profits Rise to a new High

UBS Wealth Management delivered the highest levels of quarterly net new money since 2007, and the highest quarterly profit since 2009. The United Bank of Switzerland has posted a better than expected performance for the first quarter of the year on April 30th. The bank has posted a profit of 7.8 billion CHF, ($ 8.3...