ZURICH: Britain lost $1.5 trillion (1.4 trillion euros) in household wealth in 2016, a blow caused by the pound's free-fall after the Brexit vote, Switzerland's second largest bank Credit Suisse said Tuesday. A full 406,000 Britons lost…
HONG KONG: The CEO of Credit Suisse said Tuesday the bank does not endorse offshore accounts for tax avoidance or shady dealings, the latest bank to defend itself against accusations made in the Panama Papers leak.
LONDON: Two more investment banks have reported paying zero tax in Britain in 2014, prompting the opposition Labour party to urge the government to reverse a tax change it made for banks last year.
ZURICH: At least 10 Swiss banks have withdrawn from a U.S. program aimed at settling a tax dispute between them and the United States, Swiss newspaper NZZ am Sonntag said on Sunday, quoting unnamed sources.