Tax agreements with the EU will result in loss of more than $ 1 billion to banks in Switzerland

Swiss banks have signed bilateral agreements on tax deviators with the German authorities and the UK, expect significant financial losses. According to research firm Booz & Co, the outflow of funds will be 47 billion francs (51.1 billion dollars).

Sunset age Lion !

Swiss bank Credit Suisse announced a merger of its banking institutions. As a result, cease to exist the oldest bank in Switzerland - Leu, which is now a part of banking group Clariden Leu. Objective: To reduce 550 employees and saving 200 million francs.