10/22/2015
Fraudster boasted he was 'internet millionaire ' with mansions and private jets while living in modest terrace house
Lee McKenna posted videos of expensive cars, planes and foreign villas while conning thousands in an online scam
Legal,Regulation,Tax & Compliance
10/22/2015
India fails to get to root of black money problem
There are a number of possible reasons why the authorities failed to attract more disclosures.
10/21/2015
Switzerland Sets Leverage Ratio at 5% for UBS, Credit Suisse
The leverage ratio, as the measure of financial strength is known, can include a maximum of 1.5 percent of contingent convertible bonds
10/20/2015
Emir regulations present ‘opportunities’, says Oxley
Mr Oxley said of the changes: “On the one hand you have to work harder to get your positions on, but on the other, opportunities are mispriced as people have stepped away from risk-taking.
10/20/2015
Raiffeisen to Offer Polish Unit While Removing Swiss-Franc Loans
The discussion over what happens to the Swiss-franc mortgages is the biggest obstacle for the sale of our bank in Poland
10/19/2015
Millionaire property tycoon could be the first hit by new ruling that divorce settlements can be torn up when partners lie about how rich they are
The High Court had been waiting for the result before it came to a decision on whether to look again at the a Mackay settlement
10/18/2015
VIETNAM: Luxury cars face higher tax
VietNamNet Bridge – The Government plans to increase special consumption tax on luxury passenger cars by up to 150%, according to a proposal recently passed to the National Assembly.
10/16/2015
A major hedge-funder in prison for insider trading is being sued by his brother for $14.5 million
In the lawsuit, Rengan Rajaratnam, 45, said Galleon failed to pay him $8.3 million on profits
10/16/2015
Luxembourg to abolish its IP regime and to amend its net wealth tax
In his speech, the Minister of Finance also mentioned again the planned tax reform for 2017
10/15/2015
Wealth of examples on both sides for the tax-haven attack dogs
Bill Shorten won’t like to hear it, but some of his private wealth is being held by a fund with a registered trust in the Cayman Islands.
10/15/2015
Geneva Bank Jobs Fall to Lowest Since Crisis Amid Regulatory Woe
This year’s total is about 150 jobs less than seven years ago, just before Lehman Brothers Holdings Inc. collapsed.
10/15/2015
UBS Settles U.S. SEC Case Over Structured Notes For $19.5 Million
Investors in structured notes get their return based on the performance of the derivative over the life of the note.
10/14/2015
The Americans are tough on Swiss banks, but the Swiss are tougher
The Fed has not been inspired by a warm feeling of solidarity, but from the knowledge that banking is about linkage and it was impossible to calculate the damage any failure would cause.
10/14/2015
Finra Fines Santander Unit Over Puerto Rico Bond Sales
Santander neither admitted nor denied the charges
10/14/2015
Barclays American 'casino banker' boss-in-waiting faces grilling by regulators before being allowed to take the top job
But concerns have been raised by MPs that the appointment may herald a return to the aggressive culture and focus on investment banking fostered by former boss Bob Diamond.
10/13/2015
Former Bank Leumi Execs To Return Millions In Bonuses
The three former managers have already notified the committee that they will return the $1.3 million
10/13/2015
How Mauritius Hopes To Shake Its Reputation As A Tax Haven
A double taxation avoidance treaty has helped make the island nation the biggest route for foreign investment into India but potential treaty changes are encouraging a shift in focus to Africa.
10/13/2015
Chinese investor stabs asset management firm’s chief executive after losing 300,000 yuan
Wang Jie, chief executive of the struggling Global Wealth Investment Beijing, remains in a coma after being stabbed in the shoulder on Sunday during a meeting with investors
10/12/2015
HSBC Whistle-Blower Falciani to Skip Trial After Court No-Show
Falciani, who’s currently in France, has no plans to attend the new date after skipping the hearing in the Swiss town of Bellinzona
10/11/2015
Switzerland approves extradition of ex-FIFA official to US
The Swiss government has approved the extradition of former FIFA official Costas Takkas to the United States.