Switzerland

GoldCore's picture

With Average House Prices At $6.8 Million In Central London, Is A Property Bubble Set To Burst!





Will London's current property bubble play out to be one of the most costly ever and end up costing UK and foreign investors billions?

 
Tyler Durden's picture

How Bitcoin's Not So Secret Satoshi Nakamoto Was Discovered (Hint: Phone Book)





Newsweek claims to have identified the mysterious creator of Bitcoin. Satoshi Nakamoto - long believed to be a pseudonym - was hunted down through searches, conversations, and national archives: "It was only while scouring a database that contained the registration cards of naturalized U.S. citizens that a Satoshi Nakamoto turned up whose profile and background offered a potential match. But it was not until after ordering his records from the National Archives and conducting many more interviews that a cohesive picture began to take shape."  

Some remain skeptical that Newsweek have found him but making such a bold claim is aggressive and comments from Bitcoin lead developer Gavin Anderson suggest this is the real Satoshi.

 

 
Tyler Durden's picture

Presenting The #1 Financial Haven For Dictators & Criminals





Pop quiz: When really nasty criminals and dictators want to hide their illicit gains, which country do they go to? We’ll make this easy for you - multiple choice:

a) Switzerland
b) British Virgin Islands
c) Hong Kong

or d)...

 
Tyler Durden's picture

Carl Levin Crucifies Credit Suisse For Aiding And Abetting Tax Evasion: Watch Live





As we reported last night, in a scorching 175-page report, the Senate Subcommittee on Investigations threw the book at the second largest Swiss bank Credit Suisse for allowing up to 22,000 Americans to avoid paying taxes for years. Today is the obligatory post-report spectacle which since it is headed by Carl Levin, of Goldman "Shitty Deal", fame, promises to be quite a populist fest.

 
Tyler Durden's picture

Frontrunning: February 26





  • California couple finds $10 million in buried treasure while walking dog (Reuters) ... not bitcoin?
  • Dimon Says Threats to JPMorgan Span Google to China Banks (BBG)
  • Stocks So Many Love to Hate Buoyed by Fed’s Jobs Priority (BBG)
  • White House Weighs Four Options for Revamping NSA Phone Surveillance (WSJ) ... to pick the fifth one
  • Credit Suisse Executives Weren’t Aware of U.S. Tax Dodges (BBG)
  • Militias Hunt Kiev Looters From Central Bank to Bling Palace (BBG)
  • Crisis Gauge Rises to Record High as Swaps Avoided (BBG)
  • Obama to Propose Highway-Repair Program (WSJ)
  • Ukraine Pledges to Protect Deposits as Kiev Rally Called (BBG)
 
Tyler Durden's picture

How Credit Suisse Helped Thousands Of Americans Avoid Paying Taxes





Just when the latest wave of litigation against banks seemed to be calming down with one after another fraudclosure-related settlement (which have cost JPM alone some $30 billion in the past four years), here comes the Senate Permanent Subcommittee chaired by Carl "Shitty Deal" Levin, and blows up the peace of Zurich's nighttime air with a bombshell of a 175-page report which put Switzerland's second largest bank, Credit Suisse, front and center in a brand news tax evasion scandal... not that there is anything inherently wrong with that: the last thing the US government needs is to be enabled to be even bigger, plus any money the Treasury needs, the Fed will simply print on its behalf. However, it is considered illegal, at least in polite company. And so among the accusations listed in the report, seen by FT, is that "Credit Suisse made false claims in US visa applications, conducted business with clients in secret elevators and shredded documents to help more than 22,000 American customers avoid US taxes, according to a scathing report by a US congressional committee.

 
GoldCore's picture

Asia Imports Huge 80% Of Swiss Gold And Silver Exports In January





While the majority of the demand is from Asia itself, there is a percentage of the flow that is of western investors seeking to own gold outside the banking system, in what they perceive to be safer jurisdictions, in allocated gold accounts in Hong Kong and Singapore.

 
Tyler Durden's picture

Frontrunning: February 18





  • Carl Icahn wins again: Actavis to Buy Forest Labs for $25 Billion (WSJ)
  • ECB governing council member attacks German court ruling on OMT (FT)
  • China Tackles $1 Trillion Data Gap as Xi Changes Metrics (BBG)
  • FX Traders Facing Extinction as Computers Replace Humans (BBG)
  • BOJ Boost to Loan Programs Signals Room for More Easing (BBG) - actually no it doesn't as it was "factored in"
  • Four killed in Thai clashes; PM to face charges over rice scheme (Reuters)
  • Goodbye unsterilized SMP: Bundesbank Backs Measure to Boost Funds in Banking System  (WSJ)
  • Iranian Hacking to Test NSA Nominee Michael Rogers (WSJ)
  • Ukraine Clashes Leave Dozens Wounded as Putin Resumes Bailout (BBG)
 
Tyler Durden's picture

If Invading Switzerland, Please Do So Outside Of "Office Hours"





When overnight we were following the Ethiopian Airline hijacking story, one thing that was missing from the Twitter narrative was the lack of any reports of scrambled Swiss fighter jets - something that has become a staple when an airplane deviates even modestly from its course above the continental United States. As it turns out it wasn't merely a journalistic oversight: there were, in fact, no fighter jets scrambled. Why? Because the hijacking which took place around 3 am, and culminated with the 767 landing in Geneva just after 6 am, took place outside of regular air force hours! No really: "... the Swiss airforce is only available during office hours. These are reported to be from 8am until noon, then 1:30 to 5pm."

 
Tyler Durden's picture

Ethiopian Airlines Co-Pilot Hijacks Plane, Seeks Swiss Asylum; Will Go To Prison Instead





For a plan that culminated with a hijacked plane landing in Geneva, Switzerland, it was anything but a "Swiss watch" execution.

 
Pivotfarm's picture

China: What Happened to the Gold Data?





Imagine the scenario. The company accounts are going to get checked out; the accounts department doesn’t have them ready. There’s a gap in the figures and they don’t tally. Never mind, they may just get through at a pinch and nobody will notice. 

 
Tyler Durden's picture

Futures Sneak Above 1800 Overnight But Yellen Can Spoil The Party





A sneaky overnight levitation pushed the Spoos above 1800 thanks to a modest USDJPY run (as we had forecast) despite, or maybe due to, the lack of any newsflow, although today's first official Humphrey Hawkins conference by the new Fed chairman, Janet Yellen, before the House and followed by the first post-mortem to her testimony where several prominent hawks will speak and comprising of John B. Taylor, Mark A. Calabria, Abby M. McCloskey, and Donald Kohn, could promptly put an end to this modest euphoria. Also, keep in mind both today, and Thursday, when Yellens' testimoeny before the Senate takes place, are POMO-free days. So things may get exciting quick, especially since as Goldman's Jan Hatzius opined overnight, the third tapering - down to $55 billion per month - is on deck.

 
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