Sallie Krawcheck: Regulators Moved Quickly to Stem Banking Panic. But Is ‘Our Lehman’ Still Ahead?
The coming weeks and months will tell us more about how far regulatory practices have come since that period.
Legal
2112 articles found
Swiss private banking exec pleads guilty to tax fraud conspiracy
Daniel Wälchli pleads guilty in the USA to tax evasion scheme using undeclared bank accounts at Privatbank IHAG.
Credit Suisse still helping wealthy dodge U.S. taxes, U.S. Senate Committee finds
In an emailed statement, Credit Suisse said it did not tolerate tax evasion and that it had been cooperating with U.S. authorities.
French prosecutors raid five banks in massive tax fraud case
Authorities said banks, including Societe Generale, BNP Paribas and HSBC, faced a compensation request of more than $1bn.
FINMA publishes 2022 Annual Report
FINMA’s 2022 Annual Report published today also includes the annual financial statements. In addition, FINMA is providing data on enforcement cases in a database as well as statistics in an Excel document on its website.
HMRC opens 25 new tax fraud investigations into wealthy individuals
The unit only reserves criminal processes only for serious investigations.
UBS offers retention packages to Credit Suisse Asia wealth bankers, say sources
In his address, Khan said the top performers at the Credit Suisse wealth business will get retention packages, the second source said. The details of the retention package were not immediately known.
FINMA provides information about the basis for writing down AT1 capital instruments
Due to numerous enquiries about Credit Suisse’s capital instruments, so-called AT1 bonds, FINMA is providing information about the basis for writing down these instruments.
Swiss National Bank raises rates, says Credit Suisse takeover prevented larger crisis
Swiss National Bank raises interest rate by 50 basis points
Regime shift: central banks will prioritise inflation over growth
Inflationary pressures mean monetary policy must be tighter and more restrictive than it has been in the recent past.
Three ways Jeremy Hunt has increased the tax burden on higher earners
The kind of budget on the cards usually depends on where we are in an election cycle, with governments keen to save up their giveaways for when the public is starting to think about polling day, and to get unpopular policies out of the way early on in an
EY is expanding its offering in the area of compensation and performance management in Switzerland
The acquisition by EY Switzerland is an important step in strengthening EY's position in the compensation advisory market.