Source: United States Department of Justice News
The Department of Justice today filed a criminal information charging Swiss Life Holding AG (Swiss Life Holding), Swiss Life (Liechtenstein) AG (Swiss Life Liechtenstein), Swiss Life (Singapore) Pte. Ltd. (Swiss Life Singapore), and Swiss Life (Luxembourg) S.A. (Swiss Life Luxembourg), collectively, the âSwiss Life Entities,â with conspiring with U.S. taxpayers and others to conceal from the IRS more than $1.452 billion in offshore insurance policies, including more than 1,600 insurance wrapper policies, and related policy investment accounts in banks around the world and the income generated in these accounts.
Switzerland’s largest insurance company signs $77 million tax evasion DPA
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Swiss Market Closes On Firm Note
BRUSSELS (dpa-AFX) - The Switzerland stock market ended on a bright note on Friday, in line with the trend seen across Europe, as investors shrugged off concerns about inflation and picked up shares amid optimism about growth.
The benchmark SMI ended up by 86.87 points or 0.79% at 11,120.77, slightly off the day s high of 11,129.87.
ABB ended with a gain of about 2.65% and Alcon advanced 1.6%, while Geberit, Swiss Re, Partners Group, Lonza Group, Richemont, Credit Suisse, Sika, Givaudan, Swiss Life Holding and Roche Holding gained 0.8 to 1.2%.
Among the stocks in the Swiss Mid Price Index, Julius Baer, Temenos Group, Logitech and Cembra Money Bank gained 2.8 to 3.5%. VAT Group, Kuehne & Nagel, OC Oerlikon Corp, Tecan Group, Adecco and Vifor Pharma ended higher by 1.6 to 2.5%.
Stocks rise, still headed for weekly losses
NEW YORK (AP) Stocks are broadly higher on Wall Street, though indexes are still on track for weekly losses after three days of drops early in the week. The S&P 500 was up 1.4% in afternoon trading, but is still down 1.5% for the week. Disney fell 2.4% after reporting lower revenue and missing forecasts for growth in subscriber additions to its video streaming service. Data from the Commerce Department showed Americans continued to spend money at retail establishments last month, but the pace of spending was a little slower than expected.
ATLANTA (AP) Delta Air Lines will require new employees to be vaccinated against COVID-19 starting on Monday. A spokesman says the airline won’t impose the same requirement on current employees, of whom more than 60% are vaccinated. The airline says the policy for new hires is designed to protect other employees and passengers as travel demand recovers from last year’s pandemic low levels. Meanw