Switzerland in the age of automatic exchange of banking information
By Armando Mombelli Sep 17, 2019 – 10:38 A year ago, Switzerland began to pass on data on the bank accounts held by foreigners in Swiss banks to around […]
SWIFT system to disconnect some Iranian banks this weekend
SWIFT said that suspending Iranian banks’ access to the messaging system was a ‘regrettable’ step but was ‘taken in the interest of the stability and integrity of the wider […]
BANKING JOBS: What it takes to succeed in the new world of Swiss banking
By Matthew Allen JULY 14, 2017 (Keystone) The threat of cyber attacks like WannaCry and Petya are creating lucrative opportunities for specialists looking to work in the financial sector. Top candidates for a job as a cyber security expert can “easily” command salaries of CHF1 million ($1 […]
What price taxation? Swiss privacy and the truth about offshore banking
Patrick L Young is expert in global financial markets working in multiple disciplines, ranging from trading independently to running exchanges. Published time: March 04, 2014 12:32 AFP Photo / Fabrice Coffrini Nowhere was the unedifying hubris of the bankster classes more obvious than in Swiss real estate. Not the private […]
Bangladesh to assert more power over Grameen Bank
Source: CBS/AP DHAKA, Bangladesh — Bangladesh has decided to expand the power of the government-appointed chairman at pioneering micro lender Grameen Bank. Government spokesman Musharraf Hossain Bhuiyan says amending the law will allow the chairman to appoint the managing director of the bank. That authority is now held by the […]
Sandy Weill: Break up the big banks
Source: CNN Money NEW YORK (CNNMoney) — The man responsible for creating Citigroup — the world’s first financial supermarket — said Wednesday that the nation’s largest banks should be broken up in order to protect taxpayers. Former Citigroup chairman Sandy Weill — who engineered a series of corporate takeovers and […]