06/11/2012
Liechtenstein’s second-biggest bank, also known as LLB, is one of 11 financial firms, including Credit Suisse Group AG and Julius Baer Group Ltd., being investigated as part of a U.S. probe of offshore tax evasion.
06/08/2012
Giving evidence to the Senate Banking Committee, Thomas Curry, the US Controller of the Currency, said the body would pursue 'all appropriate measures' if corrective action was necessary.
06/08/2012
Swiss private bank Lombard Odier and regional savings bank Banque Cantonal Vaudoise both said they will contest the claims of trustee Irving Picard, who is seeking $179.4 million and around $10 million respectively from the banks.
06/08/2012
Two sides in an industry divided over how to oversee investment advisers faced off on Wednesday before U.S. lawmakers considering a bill that would ramp up protections for investors.
06/07/2012
Kaupthing failed with the rest of Iceland’s largest lenders in October 2008 after it was unable to secure short-term financing.
06/07/2012
The claimant, who has been granted anonymity, brought the judicial review proceedings to challenge a decision made by the Regulatory Decisions Committee to issue a decision notice against him in October 2010.
06/07/2012
Oppenheimer agreed to pay more than $35 million to settle the SEC’s charges.
06/07/2012
Irving Picard, the trustee, filed complaints seeking a respective $354.9 million and $179.4 million from Swiss private banks EFG Bank SA and Lombard Odier Darier Hentsch & Cie
06/06/2012
The deal was inked by India's Minister of State for Finance (Expenditure and Financial Affairs) Shri Namo Narain Meena and Bahrain's Minister for Transportation H.E. Kamal Ahmad.
06/06/2012
He staged a comeback in banking earlier this year as chairman of Banca Monti dei Paschi di Siena.
06/06/2012
Pressure on the SNB to resort to unorthodox measures to defend its limit of 1.20 francs per euro could be mounting as the escalating euro-area debt crisis prompts investors to seek the Swiss currency as a safe haven.
06/05/2012
Ex UBS CEO said at weekend he wanted SNB to end cap
06/04/2012
While cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the profits, a study claims
06/01/2012
Kevin Downing, 46, who has led agency criminal probes of the Swiss banking industry, and earlier of banks and accounting firms, is leaving to join a law firm, the source said.
06/01/2012
He agreed to pay a civil FBAR penalty of $5.75 million as well as taxes due of $312,803.
05/31/2012
Ex-UBS employees, including former Managing Director Sachin Karpe, are accused of unauthorised transactions on 39 client accounts, of which 21 reported substantial losses.
05/31/2012
The High Court judge ruled earlier this month ruled in favour of the of the 104 former Dresdner Kleinwort bankers who sought a legal battle with Commerzbank over unpaid guaranteed bonuses that had been promised to them shortly before the investment bank w
05/30/2012
He advised 57 of his customers to invest in UCIS, 14 of whom also invested in other non-mainstream investments.
05/29/2012
Jordan said the SNB will continue to defend this level with utmost determination, even under very difficult circumstances.
05/29/2012
Despite François Hollande’s pledge to carry out a sweeping reform of wealth tax in France in 2012, to return to the old wealth tax scale, in force prior to the 2011 reform, no modifications will reportedly be made to the existing tax rates th