08/29/2013
Libor Rate-Probe Spotlight Shines on Higher-Ups at Citigroup, Other Banks
My actions were entirely consistent with those of others at senior levels" in Citigroup Japan
Legal,Regulation,Tax & Compliance
08/29/2013
U.S. Outlines Penalties for Swiss Banks in Tax Evasion Probe
This program will significantly enhance the Justice Department’s ongoing efforts to aggressively pursue those who attempt to evade the law
08/27/2013
World's top banks on track to meet tougher capital rules
The rules, known as Basel III, are the main global response to undercapitalized banks
08/27/2013
Bakers unveils record results for 2012/13 with revenue topping $2.4bn
The chairman of Bakers’ executive committee Eduardo Leite said revenue growth had been steady across all of the firm’s regions, while the positive financial results reflected both organic growth and expansion into new offices in Casablanca, Li
08/27/2013
JPMorgan’s former “London Whale” supervisor arrested in Spain
JPMorgan is battling to salvage its corporate image amid a swirl of litigation and investigations in the wake of the financial crisis
08/27/2013
British Public Wants More Action to Stop Tax Dodging
The 10-point Lough Erne communique contained 13 uses of the word ‘should’ and not a single use of the word ‘will’.
08/27/2013
Switzerland to Agree Plan for Banks to Settle U.S. Tax Spat (1)
Switzerland said it has agreed to a draft plan with the U.S. for the country’s banks to settle a tax-evasion dispute after years of diplomatic wrangling.
08/27/2013
Details surface of US Justice, Swiss banks deal
Details are emerging of the deal worked out for a settlement between the US Department of Justice (DOJ) and Swiss banks.
08/27/2013
AME Info, Abu Dhabi, United Arab Emirates, Banking Briefs
Jordan-headquartered Arab Bank has announced that a New York federal court has dismissed over 90 percent of the claims in a long-running lawsuit
08/27/2013
Swiss bankers lobby backs plan to end U.S. tax dispute
Statement from the Swiss Bankers Association regarding the Federal Council decision on the US programme
08/27/2013
Swiss bankers lobby backs plan to end U.S. tax dispute
Statement from the Swiss Bankers Association regarding the Federal Council decision on the US programme
08/26/2013
Financial Conduct Authority publishes preliminary findings of review into mobile banking
The Financial Conduct Authority has published a report exploring some early findings of a review into mobile banking services
08/26/2013
Ex-JPMorgan executive released after arrest in Spain - court source
U.S. prosecutors brought criminal charges against him last month in relation to a trading scandal that cost JPMorgan $6.2 billi
08/25/2013
Merkel Says G20 Needs to Push Harder to Control Hedge Fund Risks
It’s not enough to regulate just banks but not hedge funds and shadow banks and I’ll fight for that
08/25/2013
Swiss government to decide soon whether to keep seeking US tax deal: top diplomat
Switzerland will decide soon on whether to keep pursuing a tax agreement with the United States, an outgoing top diplomat
08/25/2013
UBS Financial Services Agrees To Pay $4.58 Million To Settle A Multi-State Investigation
UBS Financial Services, Inc. has agreed to pay $98,184.84 in civil penalties to the New Jersey Bureau of Securities
08/25/2013
Gun-Toting Woman Leads Philippines Tax Evasion Battle
Kim Henares began carrying a gun eight months after becoming the Philippines’ chief tax collector
08/24/2013
France cannot take any more taxes, government admits
The French are about to discover stinging rises in tax bills in their letter boxes
08/24/2013
DFSA signs 26 agreements with EU regulators
The DFSA negotiated the agreements with the European Securities and Markets Authority
08/22/2013
UK trio lead as Baker Tilly acquires accountancy rival in pre-pack deal
Baker Tilly turned to Stephenson Harwood for advice on the deal