09/04/2012
At least four former Barclays traders who worked under Pal in New York have drawn scrutiny from U.S. prosecutors and regulators in the investigation into the manipulation of the London interbank offered rate and related benchmark interest rates, according
09/04/2012
The case against UBS was opened on August 29, following a criminal complaint by the Bruno Manser Fund over the bank’s close ties with Sabah Chief Minister Musa Aman.
09/04/2012
The UK's financial watchdog is calling for a clampdown on commissions paid for selling insurance, loans and bank accounts.
09/04/2012
Following the financial crisis, UBS does not dispute the need for tougher bank regulation on issues such as risk, liquidity and emergency measures, Weber said, but he warned of possible knock-on effects of putting rules into place without consulting banks
09/03/2012
After December 31, 2012, unless Congress enacts new legislation, this opportunity will vanish and will be replaced by a $1 million exemption and a 55 percent federal transfer tax rate.
09/03/2012
Federal Judge Marcelo Martinez de Giorgi will ask Interpol to issue an international arrest warrant seeking Mulford's extradition for questioning over the bond exchange carried out by the government in an unsuccessful bid to avoid default.
09/03/2012
Although the current situation for banks is characterised by falling margins, a large number of regulatory projects and constant pressure from abroad, Switzerland can continue to be a leading financial centre.
09/02/2012
Swiss bank UBS AG (UBS) said Friday that it will "certainly fully cooperate" with authorities after Swiss prosecutors began a criminal probe for alleged money laundering related to rainforest logging in Malaysia.
09/02/2012
While employed at UBS, the three men participated in separate fraud conspiracies and schemes with various financial institutions between 2001 and 2006, the United States Department of Justice said.
09/02/2012
The buy-out firms are said to have been subpoenaed by New York’s attorney general Eric Schneiderman over their use of a tax-cutting method.
08/30/2012
Regulators now allege that for years several banks may have lied about the interest rates they paid to borrow money from one another.
08/29/2012
The imposition of a wealth tax could well lead to a drop in yields from other taxes.
08/29/2012
'The Salz Review will undertake extensive independent analysis, and its recommendations will be evidence based.
08/29/2012
Banks have been focusing on Tier 2 bank debt in recent months due to the ongoing uncertainty surrounding Additional Tier 1.
08/29/2012
The bank said last night that the UK’s main prosecutor of corruption had opened a formal criminal inquiry into the issue.
08/28/2012
Judge Elizabeth Gloster will rule on whether Boris Berezovsky was extorted out of his business empire by Roman Abramovich, the owner of Chelsea football club.
08/28/2012
Modelled on Switzerland's agreements with Germany, Great Britain and Austria, the deal is aimed at the billions of euros Athens estimates that wealthy Greeks have parked in the Alpine country to avoid taxes back home.
08/28/2012
Morgan Stanley’s $9 billion valuation implies the joint venture’s profit could shrink by as much as 12 percent annually over the long term, according to Goldman Sachs Group Inc. analysts.
08/28/2012
Baker’s profit per partner fell 9 percent to a three-year low of $1.09 million, however, with the firm’s profit margin dropping 4 percentage points to 34 percent.
08/28/2012
The Serious Fraud Office, which prosecutes bribery and white collar crime, may inform the London-based bank about its decision on a probe this week, according to the people, who declined to be identified because the discussions are private.