Clock ticks on Swiss banking secrecy

General Sources - Tuesday 21st May, 2013

Switzerland is facing mounting pressure finally to abandon its long tradition of banking secrecy. The United States has already told the Swiss government it expects Swiss banks to provide the US authorities with automatic information about US clients. Now the European Union is demanding the automatic exchange of information too, a policy non-EU-member Switzerland will have difficulty avoiding ...

TABLE-Swiss sight deposits lower in week ending May 10

Reuters - Tuesday 21st May, 2013

ZURICH, May 21 (Reuters) - The amount of cash commercial banks hold with the Swiss National Bank edged higher last week, data showed on Tuesday. The level is partly a measure of how inclined banks are to find an ultra-safe home for their money and may also reflect efforts by the SNB to defend the 1.20 per euro cap it imposed on Sept. 6, 2011 on the soaring safe-haven Swiss franc. Sight deposits ...

Lake Zurich advances emotional finale for Antioch

General Sources - Monday 20th May, 2013

So much for no crying in volleyball. Antioch volleyball coach Jamie Atkinson wasn't shy about admitting what a fine group of seniors she had to say so long to at the Lake Zurich regional on Monday ...