10/25/2012

French prosecutor wants to question Madoff, UBS

France's prosecutor has asked an investigating judge to question jailed swindler Bernard Madoff and Swiss bank UBS as part of a probe of investor losses from Madoff's multibillion-dollar Ponzi scheme, a judicial source told Reuters.

10/25/2012

RBS Trader Placed on Leave Amid Rate-Setting Probe

In a statement, the bank said, "Our investigations into submissions, communications and procedures relating to the setting of Libor and other interest rates are ongoing. RBS and its employees continue to co-operate fully with regulators."

10/25/2012

IRS Extends FATCA Implementation Deadlines (For the Last Time?)

In response to continuing concerns raised by foreign financial institutions, the IRS has issued new guidance further delaying a number of the FATCA implementation deadlines in the form of Announcement 2012-42 (the “Announcement”), offering FFI