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SWISS CENTRAL BANK NEWS

Indians' funds in Swiss banks down 11% to Rs 30k cr on dip in customer deposits

June 22, 2023 8:32 pm

In terms of assets, Indian clients accounted for CHF 3.99 billion at the end of 2022, marking a decline of nearly 15 per cent.

Central banks try to calm markets after UBS deal to buy Credit Suisse

March 20, 2023 8:57 am

Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal.

Credit Suisse shares soar after central bank offers lifeline

March 16, 2023 7:28 pm

Credit Suisse, which was beset by problems long before the U.S. bank failures, said that the loans from the central bank would give it time to complete a reorganization designed to create a “simpler and more focused bank”.

Swiss franc shock shuts some FX brokers, regulators move in

January 17, 2015 2:30 am

FXCM Inc shares did not open in regular trading after having fallen nearly 90 per cent in pre-market hours.

Swiss central bank faces fresh scam

March 12, 2012 12:30 am

We'll have to see whether Danthine can survive or not: Blocher.

Swiss central bank chief's wife in dollar-trading scandal

January 05, 2012 10:21 am

PwC said Philipp Hildebrand had not known in advance about his wife's dealings

Swiss banks owe Indian holders over USD 2bn: Swiss Central Bank

July 16, 2011 10:13 pm

Swiss Central Bank estimates the total liabilities of Swiss banks towards Indian holders at about USD 2.5 billion in 2010 as against projections of about USD 1.5 trillion by political parties and non-governmental organisations.

A court in Antwerp passed the order initiating the formal process of bringing Choksi back to India. But, he still has options to challenge the order passed by the lower court.

Belgian court clears fugitive jeweller Mehul Choksi’s extradition to India

India3 hr ago

Mehul Choksi, a fugitive diamantaire wanted in India for a Rs 13,000 crore loan fraud case, has been cleared for extradition by a court in Antwerp, Belgium. The Indian government has assured that Choksi will be held in a specific jail complex and provided with basic amenities if extradited. Choksi's extradition proceedings have advanced in Belgium and he has the option to challenge the order.

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