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SWISS BANKING UNIT
Nearly 1 million new millionaires created worldwide in 2025, UBS report findsThe year 2025 saw a striking 10.8% increase in global personal wealth, the highest growth rate in years, unleashing nearly one million new ...- JD Vance calls ceasefire 'a little messy', says US has made 'great progress' in Iran nuclear talksUS Vice President JD Vance announced significant headway in diplomatic talks with Iran, aiming for a lasting shift in Middle Eastern relati...
- Global Markets: Central banks stay vigilant despite oil price relief after US-Iran truceGlobal central banks remain cautious despite easing oil prices following the US-Iran truce. While lower energy costs ease inflation fears, ...
- Franklin Resources' Wamco to pay $100 million SEC fine over former star manager's tradesWestern Asset Management, a unit of Franklin Resources, will pay $100 million to settle SEC charges tied to a $600 million cherry-picking s...
- Geopolitical churn continues to impact costs, amid diverse consumer expectations: Nestle chairman Manish TiwaryNestle India sees rural areas as a major growth avenue. The company is focusing on increasing sales volume and investing more in its brands...
- 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...
- 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...
- Wealthy families cut dollar exposure, survey findsGlobal wealthy families are cutting back on US dollar investments. Geopolitical tensions and increasing national debt are driving this shif...
- CEOs are getting ruthless about worker performanceCorporate leaders are increasingly prioritizing results over employee comfort, with CEOs like Unilever's Fernando Fernandez demanding "volu...
- ED chargesheets UK national in probe against Videocon GroupThe Enforcement Directorate has filed charges against Sachin Dev Duggal, a British citizen, in a major bank loan fraud case involving the V...
- Three more Swiss banks settle with United States over tax probesThree more Swiss banks will pay penalties to the United States as part of deals that mean they will not face criminal charges for helping A...
- France imposes Euro one billion bail on HSBC; begin formal probeThe bank came under the scanner after a global expose by a grouping of investigative journalists disclosed details of over one lakh account...
- HSBC gets summons from tax department; fears significant finesThe bank said it is being probed by tax authorities in many other countries as well with regard to alleged irregularities by its Swiss bank...
- HSBC India at centre of fresh tax evasion claimsIt is alleged that representatives of HSBC India, which has employees based in America, assured customers that details of their accounts wo...
- US, Switzerland to cooperate on tax evasion by foreign bank accountsUnited States and Switzerland have announced a new program under which the Swiss banks would provide detailed account information to the US.
- Tax amnesty for offshore accounts won't work: Rudolf Elmer"I am not an admirer of amnesty plans. It is crucial that tax evaders, if caught, face tough sentences such as long imprisonment."
- Swiss banks owe Indian holders over $2 billion: Swiss Central BankThe Swiss Central Bank has estimated the total liabilities of Swiss banks toward Indian account holders at about $2.5 billion in 2010 as ag...
- Swiss parties edge closer to ratifying US tax dealSwiss lawmakers have signalled their willingness to compromise in a long-running dispute over whether to give the United States files on th...
- Top Swiss banker indicted for US tax evasion conspiracySwiss bank has been charged with conspiring to defraud the US of tax revenues, the US Justice Department and the Internal Revenue Service s...
- Credit Suisse posts $2.1 bn Q1 lossSwitzerland's second biggest bank Credit Suisse on Thursday reported a net loss of 2.148 billion Swiss francs (1.330 billion euros, $2.11 b...
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