Founder of Geneva was sentenced to 5 years of prisonment for embezzlement.
European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on money laundering. Geneva has also commenced a criminal enquiry into banks dealing with tax havens in the wake of Panama Papers.
Oil prices fell on Monday as the Greek debt crisis helped boost the dollar, making fuel more expensive to holders of other currencies, and as United Nations talks offered a chance for peace in Yemen where crude exporter Saudi Arabia is involved in a civil war.
It is getting cheaper to rent an apartment in North Dakota's oil patch. Prices, which only last year rivaled levels in New York City and Geneva, have slipped about 15 to 20 percent in the past two months as dozens of new apartment buildings opened in Williston, Watford City and other oil hub cities.
World leaders meeting in Davos this week are likely to agree that inequality is a problem but unlikely to do anything about it, the head of the International Labour Organization said.
A trillion dollar deal at the World Trade Organization to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday.
Private banking hub Luxembourg sought to lure more wealthy investors on Wednesday by opening a high-security center designed to look like a jewel box, where collectors can store and trade valuables without paying customs or sales tax.
After establishing its first merchant bank in the UK, Edmond de Rothschild Group has launched a new asset management business in London to upsize its assets under management and boost its presence in the UK capital.
Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
Pollock’s Path, a street address on The Peak, Hong Kong, is the most expensive address in the world. Just one square meter of real estate in the neighborhood will set you back $120,000, according to a new report from Wealth-X’s billionaire series.
Merz Pharma group recently bought Geneva-based aesthetics medicine specialist Antes SA for an unconfirmed amount in a transaction that would extend its product reach to North America