Switzerland

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EU officials debate sanctions after Switzerland restricts immigration

Feb 11, 2014
Switzerland isn't an European Union member, but still benefits from the charter. Official members say the country is cherry-picking which laws to follow.
Posted In: Switzerland, Immigration, European Union

Swiss banks must decide whether to hand over client information to U.S.

Dec 9, 2013
Today is the deadline for Switzerland's private banks to decide whether to cooperate with U.S. demands to combat tax evasion by handing over client information -- a move that would finally end the long tradition of banking secrecy.
Posted In: Swiss, Switzerland, Banks, Tax evasion

Swiss company to pay $253 million to settle corruption charges

Nov 27, 2013
The U.S. government has announced a $253 million fine against Weatherford, a Swiss oil and gas services company that trades on the New York Stock Exchange.
Posted In: Switzerland, big oil

Switzerland votes not to cap the boss's pay

Nov 25, 2013
A vote to limit executive compensation to no more than 12 times what the lowest earning employee at the company makes failed in Switzerland.
Posted In: Switzerland, executive pay

A look inside the secret home for central bankers

Jun 5, 2013
A nondescript office building in Basel, Switzerland, houses one of the most powerful commercial banks in the world. But only central bankers are allowed to pass.
Posted In: Ben Bernanke, Switzerland, Federal Reserve, bank

U.S. carmakers could benefit from EU industry troubles

Mar 7, 2013
The Geneva Auto Show opens in Switzerland this week. It’s usually a glitzy affair, but while U.S. carmakers are on the rebound, gloom has descended on the European auto industry.
Posted In: Auto, France, Switzerland

Is Switzerland no longer a banking haven?

Mar 4, 2013
Voters in Switzerland have approved a referendum to curb executive pay. The move comes less than a week after the European Union announced plans to cap banker bonuses.
Posted In: Switzerland, bonuses, compensation, Eurozone

Swiss bank closes after U.S. tax evasion fine

Jan 4, 2013
Switzerland's oldest bank, Wegelin and Company, has plead guilty to helping wealthy Americans evade taxes.
Posted In: Switzerland, Wegelin and Company, Tax evasion, bank, Europe

Switzerland agrees to cap vacation days

Mar 13, 2012
In a national vote, the Swiss just decided against making employers give all workers an extra two weeks of paid vacation every year.
Posted In: Switzerland, vacation

Italian police seize $6 trillion in fake bonds

Feb 17, 2012
Yep, that’s trillion with a “T”.
Posted In: bonds, counterfeit, U.S. Treasury, Switzerland, italy

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