The sudden move to let Swiss franc rise jolts currency markets.

Swiss franc's good fortune makes World Economic Forum a lot more expensive for Americans.

The bank surprised just about everyone by letting go of the franc.

It reads more like a plot pitch for the next spy thriller than a Senate report.

Many Swiss banks have agreed to work with U.S. tax officials, as Switzerland removes some of its cherished bank secrecy.

There was a time not so long ago when if you wanted to store money somewhere, no questions asked, you’d go to Switzerland. Maybe not so much anymore.

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.

A spokesman from the Swiss foreign ministry confirmed the ministry has frozen assets that may belong to now-former Egyptian President Hosni Mubarak...