JPMorgan Chase’s Swiss subsidiary broke anti-money laundering rules in that country, according to FINMA, the Swiss financial markets authority. Reuters reported that the findings have been disclosed in a document filed with the Swiss court. The FINMA ruling, which came on June 30, claims the...
Vontobel, the Swiss bank, is giving investors the ability to bet against cryptocurrency, gearing up to launch two mini futures to short bitcoin. According to a news report in Reuters, citing a term sheet by Vontobel, if the value of bitcoin falls by 10 percent or...
According to financial services watchdog FINMA, about 15 Swiss banks are exposed to the risk of money laundering — or are in what they the call the “red zone.” The news comes as Swiss prosecutors have announced criminal proceedings against Zurich-based Falcon Private Bank in connection to...
Insider warnings have led to speculation that London may be transforming into a global hub for illicit finance. At least that’s what a recent investigation by The Financial Times is looking to uncover after an insider at a Swiss bank reportedly disclosed to financial watchdogs...
October 18, 2019
Swiss banks are going to start charging their millionaire customers to store money, according to a report by CNN. On Friday (Oct. 18), the bank Credit Suisse said it was going to tack on a negative 0.75 percent interest rate for customers who have more than $2 million in the bank. For example, if a […]
November 20, 2017
JPMorgan Chase’s Swiss subsidiary broke anti-money laundering rules in that country, according to FINMA, the Swiss financial markets authority. Reuters reported that the findings have been disclosed in a document...
November 17, 2017
Vontobel, the Swiss bank, is giving investors the ability to bet against cryptocurrency, gearing up to launch two mini futures to short bitcoin. According to a news report in Reuters,...
October 17, 2016
According to financial services watchdog FINMA, about 15 Swiss banks are exposed to the risk of money laundering — or are in what they the call the “red zone.” The news...
