Swiss bank releases result for first time
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GENEVA: The elite of Swiss private banks on Tuesday begin lifting the veil on their books after a radical shift in their business model, amid tougher international regulations and crackdowns on tax dodgers.
Geneva’s Bank Pictet broke with a 209-year-old tradition of keeping its accounts under wraps, announcing a six-month profit of 203 million Swiss francs.
Also read: $200bn of Pakistan in Swiss banks: Dar
Operating income was 975m francs, operating profit 247.2m, and assets under management 404 billion francs.
Published in Dawn, August 27th, 2014
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Comments (4) Closed
Aug 27, 2014 10:28am
hope they will come out with names of the tax dodgers also
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Aug 27, 2014 01:55pm
Swiss law is not international law therefore this is a violation of United Nations laws.This info means nothing unless it is accompanied by the list of Account Holders names.
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Aug 27, 2014 02:40pm
@vijaykumar . Yes this is very important. We know most of the money is not of Obama or Federer. Because their earnings are as white as milk. The list if published will contain the name of those politicians of third world countries ( especially India and Pakistan ) who on the benches of Democracy, looted and transfered billions of dollars. If the list of account holders is published, it will help the poor to know whom to vote in next general elections.
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Aug 30, 2014 09:03am
Swiss banks are the place where every corrupted have an account, best examples are Pakistani, Indian and middle east important personalities. Swiss people are so strong just because of these species which penetrates around us in form of honest and sincere politicians....
Give their names can help us to kick them and bringing these money to our countries..
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