<p>A trial began Wednesday of eight banks accused by a Croatian consumers group of failing to inform clients taking out loans in Swiss francs that currency fluctuations could prompt an increase in repayments.</p>
<p>Switzerland's national bank agreed on Monday to a deal with its Polish counterpart to cover any cash shortages in Poland as borrowers face repaying loans in expensive Swiss francs.</p>
<p>Swiss banks targeted by liquidators seeking claims on behalf of investors duped in the Bernard Madoff fraud scandal on Thursday disputed their involvement in the affair.</p>
<p>Swiss banking giant Credit Suisse said on Wednesday its first quarter profits plunged to just 44 million francs ($48.3 million) from 1.1 billion francs a year ago amid debt losses.</p>
<p><span class="il">Switzerland</span>'s financial industry could lose 20,000 jobs in the coming years due to the "economic war" being waged by the EU and US against its top banks, the head of UBS warned in an interview Sunday.</p>
<p>Executives at Swiss banking giant Credit Suisse saw their pay packet shrink by about half in 2011, according to the bank's annual compensation report which was published on Friday.</p>
<p>The United States Ambassador to Switzerland Donald Beyer on Tuesday welcomed the approval by Swiss lawmakers of a revised tax accord with the United States that eases banking secrecy rules.</p>
<p>France's highest appeals court has ruled that, due to the data's illicit origin, authorities may not conduct searches based on a list stolen by a banker in Geneva of 3,000 people suspected of tax evasion.</p>
<p>Switzerland said on Tuesday it has returned nearly 1.7 billion francs ($1.83 billion) in illicitly placed assets to countries involved in the Arab Spring regime changes.</p>
<p>Stricter bank rules drawn up by the Swiss government to prevent the need for costly bailouts do not go far enough, the Organisation for Economic Cooperation and Development said on Tuesday.</p>
<p>Switzerland is considering new legislation to ease banking secrecy in a bid to fight money laundering, the police and justice department said on Wednesday.</p>
<p>Switzerland's private bankers, concerned about a rise in protectionism and tighter regulations, called on Thursday for better access to the international financial markets.</p>
<p>India's finance minister on Wednesday said New Delhi will receive information from Swiss authorities on Indian nationals who have stashed funds in secret bank accounts in the country.</p>
<p>Switzerland said on Wednesday it has amended a decree to ensure that US clients of Swiss banks are informed of any probes against them, against a backdrop of increased action by Washington.</p>
<p>Switzerland's second-biggest bank Credit Suisse has sent 130 files on US clients to the Swiss tax authorities, who might forward them to their US counterparts, a Swiss weekly reported on Sunday.</p>
<p>Four Swiss banks flouted money laundering regulations in the way they dealt with banned Tunisian, Egyptian and Libyan assets, Switzerland's financial regulator FINMA said on Thursday.</p>
<p>Swiss banking giant Credit Suisse said on Tuesday that third-quarter net profit rose 12 percent from a year ago to 683 million francs ($776 million), but said it would cut staff by three percent.</p>
<p>Swiss banking giant Credit Suisse is expected to announce 1,000 job cuts when it publishes its third-quarter earnings results on Tuesday, newspaper Tages Anzeiger reported on Monday.</p>
<p>British tax authorities are targeting some 6,000 British-based holders of HSBC bank accounts in Switzerland in a clampdown on customers who may have failed to report all their income and gains.</p>
<p>The Swiss Bourse has opened an investigation into banking giant Credit Suisse over possible trading violations, it announced on its website on Thursday.</p>
<p>Swiss private bank Julius Bär said on Wednesday it was cooperating with a US tax evasion probe, alongside several other groups, after a US indictment of two men for consipiracy to hide $600 million<br /> from US authorities.</p>
<p class="MsoNormal"><span lang="EN-US">Swiss financial authorities have urged bank giants UBS and Credit Suisse to quickly improve the quality of their equity capital as fears mount that the Greek debt crisis will spread across the banking sector.<br /></span></p>
<p><span style="font-family: arial, sans-serif; font-size: 13px;">Swiss banking giant UBS on Sunday revised losses due to rogue trading upwards to $2.3 billion but the bank's chief executive insisted he would not resign, saying he bore no guilt.</span></p>
<p>The Swiss central bank pledged on Thursday to buy unlimited quantities of foreign currency to defend with "utmost determination" its cap on the franc's exchange rate against the euro.</p>
