Banking info

Swiss Bank Accounts

2007-12-16T17:43:00.001+01:00

Types of Swiss Bank Accounts:

Swiss Private Bank Account, Swiss Business Bank Account, Swiss Investment Bank Account, Swiss Numbered Bank Account, Swiss Merchant Bank Account, Swiss Anonymous Bank Account, Swiss Personal Bank Account and more... The Swiss Banking system is second to none. Revered the world over, Swiss Bankers are known for their privacy, professionalism and discretion. Swiss banking laws are very strict and it is illegal for a banker to reveal the personal details of an account number unless ordered to do so by a judge.

This is long established in Swiss law. Any banker who reveals information about you without your consent risks a custodial sentance if convicted, with the only exceptions to this rule concerning serious violent crimes.

Swiss banking secrecy is not lifted for tax evasion. The reason for this is because failure to report income or assets is not considered a crime under Swiss banking law. As such, neither the Swiss government, nor any other government, can obtain information about your bank account. They must first convince a Swiss judge that you have committed a serious crime punishable by the Swiss Penal Code.

It is for these reasons that Swiss banks have such a formidable reputation and are so well respected around the world. Once the realm only of the wealthiest, high net worth individuals, Swiss bank accounts can now be set up for much lower costs. We specialise in offering our clients the simplest and most confidential of services, in cooperation with the biggest bank in Switzerland.

MiFID Arrives: Are Europe's Banks Ready?

2007-11-03T12:23:00.000+01:00

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Under the new regulations, European investment organizations must comply with stricter reporting and trading requirements

by Tim Ferguson
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MiFID, the European investment banking regulation, comes into force today and banks will be hoping their preparation for the big day has paid off.

MiFID (the Markets in Financial Instruments Directive) is Europe's attempt to make financial trading easier and fairer across the continent's borders.

It was originally intended to launch in April 2006 but was put back by the European Commission to 1 November this year to give businesses a better chance of complying.

Investment organisations have had to change processes and systems to comply with the stricter reporting and trading requirements of the new regulations. Companies now need to prove best execution on deals, taking into account issues such as cost, price, speed and venue.

This side of MiFID is expected to prompt greater use of algorithmic and automated trading systems, which can quickly work out the best trading venues and provide a clear audit trail.
Companies will also have to publish more information on trades than they have done previously, which means new comms infrastructures must be put in place.

The Financial Services Authority (FSA) has said the UK industry is well prepared for the new regulations. But there have been suggestions some organisations may have issues with the record-keeping side.

The FSA estimates that around 12,000 firms in the UK will be affected by MiFID.

There have been questions raised about the extent to which smaller domestic players - which are also required to adopt MiFID - will benefit from it.

In the run up to today's deadline, there has been much debate about what the exact requirements of MiFID are but analysts agree as long as banks are showing they are working towards compliance, the FSA will work with them to finish the job.

But persistent failure to address MiFID could lead to private and public warnings from the FSA, fines and - in the worst case scenario - closure of the firm.

Analysts feel non-compliance could also have a commercial impact as customers may choose to go with organisations that are fully MiFID-compliant, rather than those that have been found to be less so.

Provided by silicon.com—Driving Business Through Technology

Source: BusinessWeek

Links:

MiFID Permissions and Notifications Guide

MiFID - FAQ

More MiFID news

Banks in Europe

2007-11-02T10:31:00.000+01:00

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Albania (8)
Andorra (5)
Austria (27)
Belarus (13)
Belgium (18)
Bulgaria (14)
Channel Islands (3)
Croazia (7)
Cyprus (2)
Czech Republic (9)
Denmark (24)
Estonia (9)
Finland (6)
France (166)
Georgia (2)
Germany (225)
Greece (17)
Hungary (3)
Ireland (5)
Italy (137)
Latvia (21)
Liechtenstein (1)
Lithuania (6)
Luxembourg (40)
Macedonia (1)
Malta (2)
Moldavia (3)
Monaco (3)
Montenegro (2)
Netherlands (21)
Norway (14)
Poland (4)
Portugal (11)
Romania (34)
Russia (53)
San Marino (4)
Serbia (2)
Slovakia (4)
Slovenia (19)
Spain (56)
Sweden (23)
Switzerland (81)
UK (49)
Ukraine (10)
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Banks of the World

2007-11-02T10:19:00.000+01:00

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The biggest list of banks of the world!

USA

Canada

Europe

Asia

Other parts of the world

Cyber Banks

The World Bank

Separat List of Investment Banks

Offshore Banking

Currency trading
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TOP World Banks

2007-11-02T09:17:00.000+01:00

WORLD'S TOP 50 BANKS

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All banks in the Bankersalmanac.com World 's Top 50 Banks have been ranked by total assets in US$*.
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1. UBS AG - SWITZERLAND
2. BARCLAYS PLC - UK
3. The Royal Bank of Scotland Group PLC - FRANCE
4. DEUTSCHE BANK AG - GERMANY
5. BNP PARIBAS SA - FRANCE
6. BANK Of TOKYO - MITSUBISHI UFJ Ltd. - JAPAN
7. ABN AMRO Holding NV - JAPAN
8. SOCIETE GENERALE - FRANCE
9. CREDIT AGRICOLE SA - FRANCE
10. BANK OF AMERICA NA - USA
11. JPMOPRGAN CHASE BANK NA - USA
12. BANCO SANTANDER CENTRAL HISPANO SA - SPAIN
13. UNICREDITO ITALIANO SpA - ITALY
14. CREDIT SUISSE GROUP - SWITZERLAND
15. CITIBANK NA - USA
16. ING BANK NV - NETHERLAND
17. BANK OF SCOTLAND - UK
18. FORTIS BANK NV/SA - UK
19. SUMITOMO MITSUI BANKING CORPORATION - JAPAN
20. HSBC BANK PLC - UK
21. COMMERZBANK AG - GERMANY
22. INDUSTRIAL & COMMERCIAL BANK OF CHINA
23. INTESA SANPAOLO SpA - ITALY
24. RABOBANK NEDERLAND - NETHERLANDS
25. Caise Nationale des Caises d'Epargne et de Prevoyance - FRANCE
26. AGRICULTURAL BANK of CHINA
27. LLOYDS TSB GROUP - UK
28. Bayerische Hypo-und Vereinsbank AG - GERMANY
29. DRESDNER BANK GROUP - GERMANY
30. NATIXIS - FRANCE
31. THE NORINCKUKIN BANK - JAPAN
32. MIZUHO BANK Ltd. - JAPAN
33. BANC OF CHINA - CHINA
34. DZ BANK Ltd. Deutsche Zentral-Genossenschaftsbank - GERMANY
35. NATIONAL WEST MINSTER BANK PLC - UK
36. CHINA CONSTRUCTION BANK Corp. - CHINA
37. CALYON, Paris La Defense - FRANCE
38. LANDESBANK BADEN-WURTEMBERG - GERMANY
39. BANCO BILBAO VIZCAYA ARGENTARIA SA - SPAIN
40. MIZUHO CORPORATE BANK Ltd. - JAPAN
41. WACHOVIA BANK NA - USA
42. DANSKE BANK A/S - DENMARK
43. ROYAL BANK OF CANADA - CANADA
44. Kreditanstalt fur Wiederaufbau (KfW) - GERMANY
45. BAYERISCHE LANDESBANK - GERMANY
46. NORDEA GROUP - SWEDEN
47. BANQUE FEDERATIVE du Credit Mutuel - FRANCE
48. Bank for International Settlements (BIS) - SWITZERLAND
49. HSBC - HONG KONG
50. WELLS FARGO BANK NA - USA
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* These bank rankings are compiled from balance sheet information included on Bankersalmanac.com available at 25th July 2007.

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Source: Banken Almanac

TOP 25 World Banks

2007-11-02T00:05:00.000+01:00

TOP 100 World Banks

2007-11-01T23:39:00.000+01:00

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1. HSBC HOLDINGS - HONG KONG
2. CHASE MANHATTAN BANK - USA
3. CREDIT AGRICOLE GROUP - FRANCE
4. CITI CORP - USA
5. BANK OF TOKYO-MITSUBISHI* - JAPAN
6. DEUTSCHE BANK - GERMANY
7. ABN AMRO BANK - NETHERLAND
8. SUMITOMO BANK* - JAPAN
10. DAI-ICHI KANGYO BANK* - JAPAN
11. FUJI BANK* - JAPAN
12. SANWA BANK* - JAPAN
13. NATIONS BANK - USA
14. UNION BANK OF SWITZERLAND - SWITZERLAND
15. BARCLAYS BANK - UK
16. CREDIT SUISSE GROUP - SWITZERLAND
17. SAKURA BANK* - JAPAN
18. RABOBANK NETHERLAND - NETHERLAND
19. NATIONAL WESTMINSTER BANK - UK
20. HALIFAX - UK
21. J P MORGAN & CO - USA
22. INDUSTRIAL AND COMMERCIAL BANK OF CHINA* - CHINA
23. BANQUE NATIONAL DE PARIS - FRANCE
24. NARINCHUKIN BANK* - JAPAN
25. GROUPE CAISSE D’EPARGNE - FRANCE
26. INDUSTRIAL BANK OF JAPAN* - JAPAN
27. BANK OF CHINA* - CHINA
28. DRESDNER BANK - GERMANY
29. LLOYDS TSB GROUP - UK
30. FIRST UNION CORPORATION - USA
31. SOCIETE GENERALE - FRANCE
32. TOKAI BANK* - JAPAN
33. BANC ONE CORPORATION - USA
34. COMMERZBANK - GERMANY
35. ING BANK GROUP - NETHERLAND
36. BAYERISCHE VEREINSBANK - GERMANY
37. FIRST CHICAGO NBD CORPORATION - USA
38. CAMPAGNIE FINANCIERE DE PARIBAS - FRANCE
39. ABBEY NATIONAL - UK
40. BANNCO SANTANDER - SPAIN
41. CREDIT MUTUEL - FRANCE
42. WESTDEUTSCHE LANDESBANK-GIROZENTRALE - GERMANY
43. LONG-TERM CREDIT BANK OF JAPAN* - JAPAN
44. NATIONAL AUSTRALIA BANK - AUSTRALIA
45. CANADIAN IMPERIAL BANK OF COMMERCE - CANADA
46. ROYAL BANK OF CANADA - CANADA
47. ASAHI BANK* - JAPAN
48. CREDIT LYONNAIS - FRANCE
49. SCOTIABANK - CANADA
50. BANCO BILBAO VIZCAYA - SPAIN
51. BANKERS TRUST OF NEW YORK - USA
52. SWISS BANK CORP - SWITZERLAND
53. FLEET FINANCIAL - USA
54. BANK OF MONTREAL - CANADA
55. WELLS FARGO & CO - USA
56. CHINA CONSTRUCTION BANK* - CHINA
57. DEXIO - SPAIN
58. CARIPLO - ITALY
59. BAYERISCHE LANDESBANK - GERMANY
60. MITSUBISHI TRUST & BANKING CORPORATION* - JAPAN
61. KREDITANSTALT FUR WIDERAUBAU - GERMANY
62. COMMONWEALTH BANK CORP - AUSTRALIA
63. BANKO DE BRASIL* - BRAZIL
64. NORWEST CORP - USA
65. BANCO BRADESCO* - BRAZIL
66. WACHOVIA CORPORATION - USA
67. GROUPE BANQUES POPULAIRES - FRANCE
68. BANCO DE ROMA - ITALY
69. INSTITUTO BANCOCIO SAN APULO DI TORINO - ITALY
70. BAYERRISCHE-HYPOHEKEN & WECHSEL-BANK - GERMANY
71. PNC BANK CORPORATION - USA
72. ARGENTURIA - SPAIN
73. ANZ BANKING GROUP - AUSTRALIA
74. US BANCORP - USA
75. WESTPARC BANKING CORPORATION - AUSTRALIA
76. ROYAL BANK OF SCOTLAND - UK
77. BANKBOSTON - USA
78. TORONTO DOMINION BANK - CANADA
79. AGRICULTURAL BANK OF CHINA - CHINA
80. SUMITOMO TRUST AND BANKING* - JAPAN
81. BANCO COMMERCIALE ITALIANO - ITALY
82. DAIWA BANK* - JAPAN
83. BANK OF NEW YORK - USA
84. KEYCORP - USA
85. BANK OF SCOTLAND - UK
86. BANKGESELLSCHAFT BERLIN - GERMANY
87. OVERSEA-CHINESE BANKING CORPORATION* - CHINA
88. SHOKO CHUKIN BANK* - JAPAN
89. DBS BANK - SINGAPORE
90. MITSUI TRUST & BANKING* - JAPAN
91. BANK AUSTRIA - AUSTRIA
92. STANDARD CHARTERED BANK - UK
93. GENERALE BANK - BELGIUM
94. INSTITUTO MOBILIASE ITALIANO - ITALY
95. CREDITO ITALIANO - ITALY
96. NATIONAL CITY CORP - USA
97. BANCO MONTE DEI PASCHI DI SIENA - ITALY
98. DEN DANSKE BANK - DENMARK
99. BANCO ITOIS SAN PAULO BRAZIL* - BRAZIL
100. SHIZUOKA BANK* - JAPAN

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