An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unitIndian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary fi...
05 Jun, 2026, 03.20 PM IST
Rajesh Exports denies wrongdoing, says SEBI order stems from 'confusion' over Valcambi revenuesRajesh Exports has responded to SEBI's interim order, denying allegations of revenue misrepresentation. The company states its reported rev...
05 Jun, 2026, 02.16 PM IST
The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
05 Jun, 2026, 05.55 AM IST
Global firms exploit India's IPO boom to take profits back to home countriesForeign companies are listing their Indian units to send billions of dollars back home. These are mostly secondary offerings, not for raisi...
04 Jun, 2026, 11.17 AM IST
Swiss banks to test possible uses for Swiss franc stablecoinSix Swiss banks are collaborating to explore stablecoin uses. They will launch a digital sandbox in 2026 to test a Swiss franc-pegged stabl...
08 Apr, 2026, 03.49 PM IST
UBS steps up contingency planning as it tries to tame Swiss rules, sources sayUBS may shift its headquarters from Switzerland. This is due to the Swiss government's proposed capital rules. London is a possible alterna...
29 Jul, 2025, 09.29 PM IST
Saudi National Bank wanted 40% stake in Credit Suisse: ReportThe Saudi National Bank attempted to raise its stake in Credit Suisse to 40%, which was opposed by Swiss regulator Finma, according to the ...
10 Jul, 2023, 12.26 AM IST
UBS completes completes Credit Suisse takeover, gains clout as global wealth playerCommenting on the biggest banking deal since the 2008 global financial crisis, UBS CEO Sergio Ermotti and Chairman Colm Kelleher said "this...
12 Jun, 2023, 02.00 PM IST
Swiss regulator says two banks' crisis plans are insufficientIt said "ZKB has not yet built up the required capital in full" and that "PostFinance must realign its emergency planning." The assessment ...
26 Apr, 2023, 11.54 AM IST
Credit Suisse investors sue after facing billions in lossesThe investors are contesting an order by the Swiss Financial Market Supervisory Authority, or FINMA, that wiped out about 16 billion Swiss ...
21 Apr, 2023, 07.15 PM IST
UBS, regulators race to seal Credit Suisse deal: ReportUBS Group AG , Credit Suisse Group and key regulators are rushing to finalise a deal on the merger of the two Swiss banks as soon as Saturd...
20 Mar, 2023, 07.50 AM IST
Untaxed money: Swiss banks to boost vigil on overseas clientsStepping up their efforts to curb flow of unaccounted money, Swiss banks will strengthen their due diligence of overseas clients & advise t...
01 Dec, 2013, 01.12 PM IST
- Swiss regulator finds loopholes in bank dealings with foreign politicians
In a first-of-its-kind initiative, FINMA conducted an audit on dealings of Switzerland-based banks with Politically Exposed Persons.
14 Nov, 2011, 01.06 AM IST
- UBS chief warns of effects of reforms
UBS may have to double its own capital if Swiss regulators put in place the reforms currently under discussion to prevent banks from becomi...
18 Jun, 2010, 12.34 PM IST
- Swiss to impose bonus caps only on 12 big banks
Swiss regulators scaled back plans to curtail banker bonuses, saying their proposals would apply only to the country’s 12 largest banks and...
12 Nov, 2009, 02.26 AM IST
- UBS existence at stake in US tax case: Swiss regulator
The tax fraud charges against UBS in US could have threatened the very existence of Switzerland's biggest bank.
19 Feb, 2009, 01.57 PM IST
- Many skeletons may tumble out of Hasan Ali’s cupboard
Union Bank of Switzerland (UBS) and Credit Suisse - two large Swiss banking groups with a sizeable presence in the Indian stock market - ar...
15 Mar, 2007, 03.55 AM IST