HSBC’s Swiss private banking division is under serious scrutiny as local and French authorities launch investigations into possible money laundering. The bank has acknowledged that these ...

UBS will pay $780 million for conspiring to create sham accounts to hide the assets of U.S. clients from the U.S. government. The feds will also get a look inside the secretive bank’s books.

In recent weeks, customers of Swiss bank PostFinance who live in Cuba have been receiving unexpected letters. These letters inform them that their bank accounts are being closed.

In reality, U.S banking rules under the 2010 Foreign Account Tax Compliance Act (FATCA, the inevitable stupid almost-acronym) make it very difficult, if not impossible, for Americans to open bank ...

The banking records reveal that more than 20 Venezuelans linked to four PDVSA corruption schemes amassed assets worth at least $273 million in 25 accounts at Credit Suisse over the years — and ...

But U.S. authorities have since filed a civil lawsuit seeking data on 52,000 Americans who, the U.S. government says, are hiding about $14.8 billion in Swiss accounts.

WASHINGTON — The troubled banking giant Credit Suisse is facing new accusations that it has not been fully forthcoming about the scope of its historical assistance to Nazis, a quarter-century ...

UBS declined a request by the Gaza Humanitarian Foundation (GHF) to open a bank account in Switzerland while Goldman Sachs did not set up a Swiss account for GHF after initial talks, two people with ...

A traffic light signals green in front of the logos of the Swiss banks Credit Suisse and UBS in Zurich, Switzerland, on March 19, 2023. Analysts say the UBS takeover of embattled rival Credit ...

U.S. and Swiss negotiators have initialed a settlement that averts a legal showdown over the U.S. government's landmark challenge to Swiss bank secrecy, a government lawyer said Wednesday.