Swiss Bank

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Swiss Bank

A bank based in Switzerland. Swiss banks are famous worldwide for their secrecy, which is mandated by Swiss law. This secrecy has resulted in a great deal of laundered and other illegal money to be deposited in Swiss accounts. Historically, this has formed a significant portion of the Swiss banking sector. However, the secrecy is not absolute and may be lifted by following appropriate procedures. See also: CHF, Gnomes of Zurich.
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This in turn could prevent Swiss banks from serving clients from home locations.
ISLAMABAD -- Islamabad High Court (IHC) has sought record in respect of 200 billion dollars stashed by Pakistanis in Swiss banks.
Since the scandals of the late 1990s involving revelations about the role of Swiss banks during World War II, the Swiss banking industry has worked hard to bust the myths that have arisen about its special relationship with customers--not least the fact that it allegedly helps unscrupulous Europeans and Americans dodge taxes.
12 /PRNewswire/ -- Swiss banks have agreed to the publication of an additional 3,100 names of bank account holders who were probably Holocaust victims, giving survivors and heirs of Nazi victims another opportunity to apply for long-delayed compensation from accounts that were inaccessible for more than 50 years.
MONETARILY, it doesn't amount to much, but the agreement by Swiss banks to pay $1.
In return, she will withdraw from a class-action suit against big Swiss banks filed in a US court on behalf of thousands more Holocaust victims who say the banks withheld their dormant assets.
The Swiss Federal Banking Commission (SFBC), the Independent Committee of Eminent Persons (ICEP) and the Swiss Bankers Association (SBA) announced a claims resolution process (CRP) for dormant accounts in Swiss banks.
BASEL, Switzerland -- According to the latest report from the Swiss Bankers Association (SBA), total earnings for Swiss banks are expected to increase throughout the remainder of 2006, led by solid growth in asset management.
The Indian government has written to Swiss authorities for information on secret bank accounts held by Indians in Swiss banks.
prosecutors could bring further indictments of Swiss banks if no legislative solution is reached.
BERN, September 19, 2011 (Balochistan Times): Director Swiss Bank said that Pakistan has 97 billion dollars in Swiss Banks and the messages being sent on the cell phones are without director Swiss Banks name.
IN A landmark decision, the Central Information Commission ( CIC) has directed the enforcement directorate ( ED) to make public the amount of black money stashed away in Swiss banks.

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