Swiss central bank slumps to £6bn loss (Jan 2014)

Source: The Telegraph – Swiss central bank slumps to £6bn loss

Notable excerpts:

Switzerland may be famed for its banking skills but the country’s central bank has found itself in the embarrassing position of having to post an annual loss.

First Swiss bank agrees to ‘sellout’ its US clients (Dec 2013)

Source: RT – First Swiss bank agrees to ‘sellout’ its US clients

Notable excerpts:

The Swiss regional lender Valiant Bank has agreed to a US voluntary disclosure programme aimed at divulging information on American tax evaders.

UK gold exports to Switzerland surge as investors sell ETFs (Oct 2013)

Source: Reuters – UK gold exports to Switzerland surge as investors sell ETFs

Notable excerpts:

A surge in gold exports from the United Kingdom to Switzerland this year may largely be the result of metal sold out of exchange-traded funds being shipped for re-refining before making its way to Asia, according to Australian bank Macquarie.

Another Historic Swiss Bank Under U.S. Tax Spotlight (Sep 2013)

Source: Reuters – Another historic Swiss bank under U.S. tax spotlight

Notable excerpts:

Swiss private bank Rahn & Bodmer is under investigation by U.S. authorities, it said on Wednesday, the latest bank to be targeted in lengthy dispute over tax evasion.

Germans Hide Cash in Diapers as Swiss Secrecy Crumbles (Sep 2013)

Source: Bloomberg – Germans Hide Cash in Diapers as Swiss Secrecy Crumbles

Notable excerpts:

Germans who avoided taxes by keeping money in Switzerland are bringing wads of cash home and hiding it in odd places.