Europe
swiss lawmakers reject bill to weaken
By a two-to-one margin, Switzerland's lower house of Parliament voted late on Wednesday to reject a draft law that would have allowed the country's banks to pass depositors' information to US authorities.
blackrock given go ahead
BlackRock’s acquisition of Credit Suisse’s ETF business is due to complete by 1 July after being approved by the Office of Fair Trading (OFT).
eu commission pushes for wider tax disclosure
The European Commission has today proposed extending the automatic exchange of information between member states, claiming that the new requirements will go further than FATCA in tackling tax evasion.
jersey funds industry nav retakes 2009
Data released this morning showed Jersey’s finance industry enjoyed a “positive” first quarter, with the value of funds under administration in the Crown Dependency touching their highest level in four years.