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Europe Top News and Analysis Switzerland

  • The Carbon Challenge: A CNBC Special Report

    When the Swiss delegation around Environment Minister Moritz Leuenberg boards the train to Copenhagen on December 16th, its journey of more than 1,000 km to the world’s biggest climate meeting in history will not just send a signal by travelling more CO2-friendly than many of their colleagues. It will set the stage for the country’s urgent plea to the world to seal a deal.

  • Google Headquarters

    Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.

  • UBS

    Robert McCann, the former head of Merrill Lynch's brokerage unit, was named the head of UBS's private client group.

  • tag_heuer_200.jpg

    The clock is ticking for Switzerland’s watchmakers – and it looks like the G20 can do something to stimulate their Christmas sales.

  • ubssign2.jpg

    The IRS is extending the Wednesday deadline for international tax dodgers to apply for an amnesty program in order to give a rush of applicants more time to prepare their paperwork.

  • President Moammar Gadhafi of Libya

    Switzerland should be wiped off the map and its land divided between France, Italy and Germany. That is what Libyan leader Colonel Gaddafi is calling for in a motion he filed to the United Nations, according to newspaper reports.

  • UBS

    Ex-wives are hot on the heels of the US government in going after thousands of Americans whose secret Swiss bank accounts could soon be open to scrutiny, according to a report from Time Magazine.

  • UBS

    There is no doubt the landmark tax deal between the US and Switzerland this week is a success for UBS, Switzerland’s biggest bank by assets under management. But it may turn out to be the beginning of more headaches for the rest of the Swiss banking industry.

  • Nearly 10 more Swiss and other European banks holding wealthy US citizens accounts were identified using a tax-evasion amnesty program in the US, the Wall Street Journal reported on its Web site Wednesday.

  • UBS

    Federal prosecutors are building criminal cases against 150 wealthy American clients of the Swiss banking giant UBS as part of a continuing investigation into tax evasion, a person briefed on the matter said Thursday, the New York Times reported.

  • UBS

    Swiss banking giant UBS is being sued in Hong Kong for allegedly duping a 77-year-old woman into buying highly risky derivative investments that cost her nearly $26 million in losses.

  • UBS

    When the Swiss bank UBS and federal prosecutors face off in a Florida courtroom on Monday, the focus will be whether UBS must disclose the identities of thousands of its American clients, but much more could be at stake as well, the New York Times reported.

  • UBS

    The Justice Department may drop a closely watched legal case aimed at forcing the Swiss bank UBS to divulge the names of 52,000 wealthy American clients suspected of offshore tax evasion, a United States official briefed on the matter said Monday, the New York Times reported.

  • Glencore International, the discreet commodities trading house based in Switzerland, is considering listing on the stock market, the Financial Times reported Friday.

  • UBS

    UBS surprisingly replaced Jerker Johansson as the head of its investment bank on Monday with two of its senior executives.

  • A Swiss court has increased the prison sentence handed to a former banker who broke the country's strict banking secrecy laws.

  • A drug from Novartis has won U.S. approval as a treatment for patients with kidney cancer that has returned after treatment with older drugs.

  • Helg Sgarbi

    A man dubbed "the Swiss gigolo" by the German media was sentenced to six years in prison Monday for defrauding Germany's richest woman of $9 million (euro 7 million) and attempting to blackmail her for tens of millions more.

  • Mercedes

    Geneva is hosting auto manufacturers from all over for the globe this week for the 79th International Motor Show. It’s no secret that the auto industry has been hit particularly hard since the onset of the recession, but as the as this year’s motto says, "the show must go on."

  • UBS

    Federal authorities suspect the scandal over Americans’ secret offshore accounts at UBS, the big Swiss bank, runs far deeper than they believed only a week ago.