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Swiss banks agreed settlement pay-outs to Parmalat

Il was reported that Swiss banks UBS and Credit Suisse agreed settlement pay-outs to Parmalat.
The Parmalat collapse five years ago was one of Europe's biggest financial scandals: more than 14 billion euros went missing from the group's accounts, wiping out the savings of around 135,000 people in Italy.

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07:25 Posted in Switzerland | Permalink | Comments (0)

Former UBS Banker Pleads Guilty in Tax Evasion

Several media have reported that a former UBS Banker Pleads Guilty in Tax Evasion.

Read press release from the Depaertment of Justice

Read New York Times
Read Financial Times
Read The Telegraph
Read AFP

07:10 Posted in Switzerland | Permalink | Comments (0)


GRECO report on Switzerland

The Council of Europe’s Group of States against Corruption (GRECO) has published recently its Joint First and Second Round Evaluation Report on Switzerland (link to the report). The report is made public with the agreement of the country’s authorities.
GRECO has issued 13 recommendations, in total, to Switzerland in the above-mentioned areas. Measures taken to implement these recommendations will be addressed by GRECO in the context of a specific compliance procedure in the second half of 2009.

Read press release

Read Report

11:05 Posted in Switzerland | Permalink | Comments (0)