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Switzerland is under increased international pressure to stay competitive with its taxes. Swiss Bankers Association President Marcel Rohner, writes in a finews.com guest commentary how the upcoming vote to reform withholding tax plays a role in improving the country's standing.
Despite rumors of a sale or spinoff from its parent company, Credit Suisse's investment banking unit still has the biggest wallet in Switzerland.
The return of war to Europe has awakened long forgotten fears. The wealthy no longer know where to keep their money, something that is posing a challenge to Swiss banks.
Swiss banks hold about CHF150 billion to CHF200 billion ($160-$214 billion) in assets belonging to Russian clients.
Swiss banks hold about CHF150 billion to CHF200 billion ($160-$214 billion) in assets belonging to Russian clients.