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.
08/28/2012
The FSA has launched a second thematic review into the suitability of client portfolios that could lead to regulatory action against wealth management firms.
08/27/2012
A German media report put an unwelcome spotlight on Singapore, Asia's prominent wealth management centre, earlier this month, saying that some Swiss bankers had advised clients to transfer funds there before the implementation of a deal to tax German
08/27/2012
France’s solidarity tax imposed on wealth currently serves to generate in the region of EUR4bn a year for the state.
08/27/2012
Neither would confirm whether the inquiries concerned U.S. sanctions against Iran, which have led to investigations at rival banks such as UniCredit and RBS and have already cost Standard Chartered a hefty fine.
08/27/2012
In its complaint, the Securities and Exchange Commission (SEC) accused Marks of recommending various funds of funds through Sky Bell Asset