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Switzerland Payments Landscape Market Report provides detailed analysis of market trends in the Swiss cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, cash, and cheques during the review-period (2015-19e).
Switzerland Payments Landscape Market Report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.
By Reuters Staff
1 Min Read
ZURICH, April 26 (Reuters) - Switzerland’s Migros Bank has agreed to pay German justice authorities around 2.4 million euros ($2.9 million) to settle allegations it allowed German clients in the past to hide assets from the taxman, the bank said on Monday.
“The solution that has been reached covers both the bank and its affected employees. The agreement is effective for all German states and brings corresponding legal certainty,” the bank, owned by the Migros cooperative, said in a statement.
With a balance sheet of more than 50 billion Swiss francs ($54.7 billion), Migros Bank is one of the five biggest mortgage lenders in Switzerland.