Credit Suisse, based in Zurich, and larger Swiss rival UBS AG (UBSN) are under pressure from the nation’s regulators to meet capital requirements that go beyond those faced by international competitors.
Simon Morris (pictured), partner in the Financial Services division of law firm CMS Cameron McKenna, said the FSA had recently been sending out 'nasty letters' to advisers on the use of single platforms.
While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top
Gold jewelers in India, the world’s biggest bullion buyer, will extend the first nationwide strike in seven years for two more days to demand withdrawal of some levies, a trade group said.
Two Swiss men who acted as “full service tax evasion advisers” helped U.S. clients hide hundreds of millions of dollars from tax authorities, while delivering cash in hotels and through a child courier, prosecutors said.
The new platform is used extensively for a wide range of activities – from senior executives holding board meetings to the internal support team running training sessions, global case reviews, and client meetings.
Prosecutors in New York charged Rudy Kurniawan, 35, with "multiple fraudulent schemes" relating to his wine business between 2007 and 2012, including attempting to sell fake wine and fraudulently obtaining millions of dollars in loans.
The Cayman Islands-headquartered law firm wasted no time in launching an aggressive head-hunting campaign, poaching numerous market-leading partners and lawyers from A&L Goodbody, Matheson Ormsby Prentice and Arthur Cox.
The 34-year-old from Livingston, West Lothian, has been ordered to pay back £1,984,794 after a proceeds of crime investigation by City of London Police.