Financial Transparency Coalition

Washington (FT) - Doris Leuthard, the Swiss economy minister, called for a swift resolution of the UBS legal case brought by US tax authorities on Wednesday at the start of a trip to Washington.

ZURICH (Dow Jones)--U.S.-based Bank of America Corp. (BAC) knocked Switzerland's UBS AG (UBS) off the top spot as the world's largest private-banking group, while the industry which manages the wealthy's funds saw assets shrink by an estimated $2.9 trillion last year, according to an expert study presented Monday.

ZURICH (Reuters) - Swiss banks including ZKB and Mirabaud are pulling out of business with individuals who pay U.S. taxes, newspaper Neue Zuercher Zeitung (NZZ) reported on Saturday.

On a hot Saturday morning in May at the Rolle yacht club on Lake Geneva, Guy de Picciotto, chief executive officer of Switzerland’s Union Bancaire Privee, smears on sunblock as he rallies a professional, lycra-clad crew of six to race his 35-foot, $600,000 catamaran.