<p>Switzerland's government has "partially" agreed to a Washington ultimatum that information on US nationals who have money in the country be handed over, local media reported on Saturday.</p>
<p>Switzerland has not handed the names of any clients of Swiss banks to US tax authorities, Swiss President Micheline Calmy-Rey said on Wednesday.</p>
<p>Swiss authorities will meet some of Washington's demands to transmit information on accounts held by US citizens in the country, local media reported on Tuesday.</p>
<p>Swiss bankers on Monday called for a solution to ongoing tax disputes with the United States, following a Washington ultimatum to release information on alleged tax dodgers.</p>
<p>US authorities have given Switzerland until Tuesday to transmit data from tax evaders in the United States who have stashed assets away in Swiss banks, the SonntagsZeitung reported on Sunday.</p>
<p>One of France's highest courts rejected a plea on Wednesday by a Swiss unit of HSBC bank that a French government database of citizens holding bank accounts abroad should be blocked as an excess of power.</p>
<p><span lang="EN-GB">Deposits in Swiss banks by foreign private clients have dropped by 73 billion francs ($92.5) over the course of the last year, according to recent statistics from the Swiss National Bank (SNB). </span></p>
<p>Swiss private bank Union Bancaire Privee said on Tuesday it will purchase ABN AMRO Bank Switzerland for an undisclosed amount, increasing its assets under management by around 20 percent.</p>
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<p class="MsoNormal">The Swiss National Bank (SNB) has unexpectedly cut its target interest rate on Wednesday to try to stop the surge of the franc, which the bank says is "massively overvalued."</p>
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<p><span class="Apple-style-span" style="border-collapse: separate; color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;"><span class="Apple-style-span" style="border-collapse: collapse; font-family: arial,sans-serif; font-size: 13px;">Swiss banking giant Credit Suisse said on Thursday that thousands of jobs would go after it reported a 52 percent plunge in second quarter profit due to the European debt crisis and global economic uncertainties.</span></span></p>
<p>Swiss banking giant UBS said Tuesday that its second quarter profits plunged 49 percent compared to a year ago as a strong Swiss franc bit into earnings and revenues slumped on economic uncertainty.</p>
<p>Rich Indians and companies hold about $2.5 billion in Swiss accounts, according to a report quoting the Swiss central bank, amid anger in India about the stashing of illicit funds abroad. </p>
<p>The US Justice Department on Thursday charged three former Credit Suisse bankers and a Swiss trust company founder with helping wealthy Americans evade US taxes by keeping money in secret Swiss bank accounts. </p>
<p>Swiss banking giant Credit Suisse said Friday that it is being investigated by the US Department of Justice over private banking services provided to US taxpayers.</p>
<p>French authorities have opened a preliminary probe into the business practices of Swiss banking giant UBS, a judicial source said Wednesday.</p>
<p><span style="font-family: arial, helvetica, sans-serif; font-size: small;">Swiss banking giant UBS said Tuesday that its net profit fell 18 percent to 1.8 billion francs ($2 billion) in the first quarter, hurt by a tax charge and higher personnel costs.</span></p>
<p>People working in Switzerland saw a real wage increase of just 0.1 percent in 2010 as pay rates marginally outpaced inflation, new figures from the Federal Statistical Office show.</p>
