switzerland

U.S.: 19th Best Place for Retirees

For retirees hoping to live long and prosper in their golden years, the U.S. is only the 19th best place to be, according to a new index.

A Modest Gun Control Proposal: Use the Whole 2nd Amendment

Both President Obama's four-part gun control plan and the NRA's proposal to put armed guards in schools have severe shortcomings. To develop a third, better alternative, one might consider looking back to the specific wording of the Second Amendment.

UBS to Pay $1.5 Billion in Fines Over Interest Rate Rigging Scandal

UBS, Switzerland's largest bank, agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of LIBOR, a key global interest rate. That makes UBS the second bank, after Britain's Barclays, to settle over the rate-rigging scandal.

The 10 Happiest Countries in the World

Once again, 24/7 Wall St. has examined the OECD's report on life satisfaction. And once again, the United States fails to make the top 10 happiest nations in the world. Which countries do? Some may surprise you.

Japan's Nuke Crisis Revives Call for Safer Reactors

As people in Japan's earthquake-tsunami disaster zone deal with the additional danger of radiation from damaged nuclear reactors, nations across the globe are taking the crisis as a sign that it's time to get more aggressive in their development of safer nuclear power plants.

What Investors Should Expect After Davos 2011

When columnist and venture capitalist Peter Cohan read the dispatches from last week's World Economic Forum in Davos, two things caught his eye: First, the elite are exuberant, and second, they're annoyed by the idea that they should create societal value. Here's what both those ideas mean for investors.

UBS to Employees: You Must Dress Like Bankers

In a bid to promote a more polished image, Swiss-banking giant UBS is giving employees a 43-page guide that advises them on how to dress to impress when dealing with clients, in extreme detail. Do: Wear jackets buttoned. Don't: Let underwear be seen.

WikiLeaks Jumps to Swiss Server After Cyber Attacks

WikiLeaks, the website that publishes confidential documents, jumped to a Swiss domain name after hackers attacked its American domain. The attacks prompted the American domain name provider, EveryDNS, to withdraw service, The Associated Press said.

BMW Allegedly Blocked Car Sales to Swiss Citizens

Swiss antitrust authorities are investigating BMW for allegedly blocking vehicle sales to Swiss citizens in some parts of Europe. The Swiss Competition Commission said it has information that BMW distribution branches in the European Economic Area are barring sales of BMW and Mini brand vehicles to Swiss citizens, Bloomberg News said.

UBS, Credit Suisse Face Tougher Capital Rules

UBS and Credit Suisse Group will have to almost double their capital holdings because Switzerland has set out to further tighten the reins on its megabanks, requiring them to hold capital well in excess of new international standards agreed upon in the Basel III rules.

U.S. Falls Again in Competitiveness Rankings

Is the U.S. losing its ability to compete in the global economy? While it certainly isn't out of the race, American competitiveness seems to be slipping, at least according to a new ranking by the World Economic Forum.

Swiss Refuse to Extradite Roman Polanski to the U.S.

Renowned movie director Roman Polanski will not be extradited from Switzerland to the U.S. on a charge of having sex with a 13-year old girl. The Swiss government blamed U.S. authorities for failing to provide confidential testimony about Polanski%u2019s sentencing procedure in 1977-1978, The Associated Press reported. The Swiss government also said it took national interest into consideration.

Government Investigating HSBC Clients for Tax Evasion

The Justice Department is investigating HSBC (HBC) clients who may have failed to disclose information about accounts held in India and Singapore, Bloomberg News reported, without naming its sources. At least one client received a letter from the Justice Department saying the department had reason to believe they held accounts overseas without reporting them to the IRS. The letter did not mention HSBC.

Biz Brief: Swiss Parliament Approves Tax-Cheaters Treaty

Wealthy U.S. tax dodgers may be sitting on edge after the Swiss parliament reluctantly approved a treaty with the United States Tuesday under which Switzerland would hand over the names of thousands of suspected U.S. tax cheats to the IRS, according to an Associated Press report.

Swiss government to dump UBS stake

The Swiss government apparently wants to get as far away from UBS (NYSE:UBS) as possible now that the bank has made a deal to turnover the names of...

Swiss may block bank secrecy treaty

The Swiss don't like being told what to do, and even though some of their key products -- cheese, Cartier watches and chocolates -- could face trade...