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Tag: Swiss

Swiss stock market ends thursday’s session in heavy loss

The Swiss stock exchange ended Thursday's session with a heavy loss after the Swiss National Bank unexpectedly decided to discontinue its currency ceiling, Vestifinance.ru reports

Oldest Swiss private bank Wegelin & Co.closes; pleaded guilty in U.S. tax probe

Wegelin & Co., the oldest Swiss private bank, said on Thursday it would shut its doors permanently after pleading to a criminal conspiracy charge in the U.S. and admitting that it had helped wealthy Americans for years avoid tens of millions of dollars in taxes, BBC reports