A Singapore Company Is Not Automatically Bankable: The Corporate Account Test for Foreign Owners
Opening a Singapore company does not guarantee a bank account. See how DBS, OCBC, UOB and ANEXT assess foreign owners, substance and payment flows.
AT1 Bond Lawsuit: U.S. Investors Target Switzerland in a High-Stakes Legal Battle
The legal dispute over the controversial write-down of AT1 bonds has escalated, with U.S. lawyers increasing pressure on Switzerland. The case, which now involves claims of over $372 million, highlights the fallout from Credit Suisse’s emergency acquisition by UBS. The recently released parliamentary inquiry report has added fuel to the fire. U.S. plaintiffs challenging the
SNB Announces Historic CHF 80 Billion Profit: A Record Year for Swiss Finance
The Swiss National Bank (SNB) has announced a preliminary profit of CHF 80 billion for 2024, marking a historic moment in Switzerland’s financial history. Driven by substantial gains in foreign currency investments and gold valuations, this achievement highlights the SNB’s strategic acumen in navigating global financial volatility. As one of the highest profits in recent
