swiss banks

Zurich's EFG International to purchase BSI for $1.34 bln

The EFG International announced its intention to purchase the BSI Ltd in a deal worth about $1.34 billion. The deal will make EFG a leader in the private banking industry.

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British-Swiss Tax Shortfall Leave Banks Out of Pocket

The Swiss Bankers Association (SBA) said last Friday that most of their UK resident clients would rather come clean and pay their taxes instead of paying one-off punitive tax payment.

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Switzerland Hurt as Private Banks Leave Due to Rising Compliance Versus Secrecy

Banks leaving Switzerland due to the loss of secrecy in the banking transactions.

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