Latest News for: Switzerland money


Porsche board member Siegfried Wolf charged with money-laundering

Business Day 07 Jun 2023
Vienna — Porsche board member and former head of car supplier Magna International, Siegfried Wolf, has been charged by an Austrian court on suspicion of money-laundering ... According to prosecutors, this was to conceal the whereabouts of the money.

UBS’s $10 billion state guarantee is a useful fantasy

Reuters 07 Jun 2023
LONDON, June 7 (Reuters Breakingviews) - UBS (UBSG.S) and the Swiss government have negotiated a state backstop that neither side wants to use ... Switzerland’s Social Democrats have proposed shrinking UBS. If the government were to actually put money directly into the bank, such far-fetched ideas could become plausible ... The boost is useful for Ermotti.

Letter from Marseille: the lawless metropolis

New Statesman 07 Jun 2023
Today Marseille – and in particular the quartiers nord – is the fiefdom of drug lords, many from North Africa, who spend their money outside France on luxury villas in Morocco, Spain and Switzerland, leaving the city to their feuding foot-soldiers.

Debt-ceiling deal exposes Republicans’ greed agenda

The Hill 05 Jun 2023
Chevron, Conoco Phillips, Exxon and Shell pocketed so much money last year that their sales were more than the “economic output of Colombia, South Africa or Switzerland,” according to CBS News ... While pushing the big oil agenda, Republicans also protected tax subsidies that go to corporate farm operations that do not need the money.

Stock market today: Asian stocks follow Wall St up after strong US jobs report

Commonwealth Journal 05 Jun 2023
London and Frankfurt opened higher ... U.S ... Higher rates have also hurt many smaller and mid-sized banks, in part because customers have pulled deposits in search of higher interest at money-market funds. Three bank failures in the United States and one in Switzerland have shaken the market, leading Wall Street to hunt for other possible weak links ... .

‘We’re not powerless’: one woman’s resolve to help the Ukraine health service

Swissinfo 04 Jun 2023
The war in Ukraine has triggered an outpouring of generosity among people in Switzerland. One resident in Basel, Helen Ramscar, has raised enough money to send ambulances 2,250 kilometres across Europe to Ukraine ... .

Bangladeshis launder billions of dollars to the US, UK and EU nations

Blitz 02 Jun 2023
According to the annual 2021 report of the Central Bank of Switzerland, the amount of money deposited by Bangladeshis in various banks of that country was 871.1 million Swiss francs, which is about 8 thousand and 275 crores in Bangladesh currency (according to the conversion rate of that year).

BSP implements monthly monitoring of sponsored settlement

Manila Bulletin 02 Jun 2023
The BSP has previously streamlined the qualification requirements for the settlement system such as for non-bank e-money issuers and other entities with retail transactions through the RTGS PS ... The Switzerland-based Bank for International Settlements (BIS) issued the guidelines for the SIPS.

The Clintons and the Rich Women

Information Clearing House 02 Jun 2023
The tycoon’s eventual passage to safe harbor in Switzerland went from Sweden through East Germany, aided by the notorious Wolfgang Vogel, an East German lawyer who specialized in shuttling spies into and out of Eastern Europe. Rich dropped millions at every stop, especially in Switzerland ... “He really put out the charm and the money.” When the U.S.

Swiss cash use drops in reality check for bill-and-coin haven

Swissinfo 01 Jun 2023
Switzerland’s cash-obsessed citizens are falling out of love with physical money ... The government decided to back the preemptive move against the spread of digital money, supporting a national vote to change the...

Swiss fall out of love with cash

Business Day 01 Jun 2023
... of Switzerland ... Switzerland’s formerly cash-obsessed citizens are falling out of love with physical money.

Initiative to make youth self-reliant in Madhya Pradesh

The Eastern Herald 31 May 2023
They also believe that instead of spoiling the habit of the youth by giving free money, this innovation which teaches them to stand on their own feet is welcome ... The youth understand that for earning free money, the country and the society may have to pay a heavy price ... Daniel and Eno started the campaign for Universal Basic Salary in Switzerland.

Glencore Plans To Invest $1.5 Billion In Peru Copper Mine

MENA FN 31 May 2023
(MENAFN - Swissinfo) A long way from Peru. Glencore headquarters in Zug, Switzerland. – Keystone / Urs Flueeler The mining group wants to invest significantly more money in the expansion of the ... .

Why are so many US diplomats unqualified political donors?

The Hill 31 May 2023
For Switzerland and Liechtenstein, Biden nominated a banker with a “big name in Democratic money” who, with his husband, had contributed more than $3.3 million to Democratic committees in the 10 years prior.

Binance Considering Bank Deposits for Some Customers’ Collateral Funds: Report

OBN 31 May 2023
be done. In this case, customers can also earn interest by investing their cash held in banks in money market funds to cover the cost of borrowing cryptocurrencies from Binance. Switzerland-based FlowBank and Liechtenstein-based Bank Frick were among the names of the people who would deposit the cash, according to people familiar with the matter ... .

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This handout photo released by telegram channel of Belgorod region governor Vyacheslav Gladkov shows the side damaged apartments building near the crater after an explosion in Belgorod, Russia, Friday, April 21, 2023.
AP / Telegram Channel of Belgorod Region Governor Vyacheslav Gladkov
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U.S. Air National Guard / Senior Master Sgt. Edward Snyder