08/22/2012
Julius Baer seems to have widespread shareholder support for acquiring Bank of America Corp.’s non-U.S. Merrill Lynch units, the Zurich-based newspaper reported, citing an interview with Enkelmann, who added that a “good portion” of the
08/22/2012
The proposed legislation takes as inspiration the new U.S. Foreign Account Tax Compliance Act (FATCA), which is designed to stop Americans from hiding money from the taxman offshore, the report says.
08/22/2012
Mr. Tan has argued throughout the case, which commenced late last year, that is common practice for senior bank employees to make requests to RBS's rate setters about appropriate rates.
08/22/2012
"MAS does not tolerate any flow of illicit funds through our financial system," she said in an emailed statement to Reuters.
08/22/2012
The trader at the center of the criminal investigation surrounding JPMorgan's $5.8 billion trading loss has hired a lawyer in Paris, two sources familiar with the investigation said on Thursday.
08/21/2012
The bank also said that it had initiated discussions with UK and US authorities to discuss its historical compliance with the relevant regulations and laws, “including US economic sanctions”
08/21/2012
The bolt-on followed a year in which Ledingham Chalmers’ private client practice grew by 10 per cent. The firm hired Adam Cochran partner Douglas Watson as a partner in April 2011 to boost this practice area.
08/20/2012
An 83-year-old Massachusetts man who held Swiss bank accounts at Credit Suisse Group AG (CSGN) and Wegelin & Co.
08/20/2012
Ex-Dresdner Kleinwort Banker Gets 40 Months in Jail
They were each ordered to pay £767,000 representing the benefit obtained by each of them from insider dealing.
08/19/2012
NRW prosecutors said last week they were pursuing tax evaders who secretly stashed cash in Switzerland, after obtaining new bank data from a presumed whistleblower.
08/19/2012
The Treasury select committee also used a report to challenge some of Mr Diamond's claims about the bank's relationship with regulators and to question the leadership shown at Barclays.
08/19/2012
The chances of any swift Swiss-German deal to counter tax evasion looked slim on Sunday after politicians traded criticism over efforts to limit the traditional secrecy of Swiss banks.
08/19/2012
French financial groups big and small, from advisory firms and private equity houses to big banks like Societe Generale, are looking at London as a possible shelter from a new 75 percent tax rate on top French earners, bankers say.
08/19/2012
Sir Nigel Rudd, a former director of Barclays, has accused the Treasury Select Committee of attacking the integrity of Bob Diamond, the bank's former chief executive.
08/19/2012
The Tax Incentivised Savings Association (Tisa) last week said some of its members had raised concerns about how long it will take them to update their systems so they can facilitate RDR-style rebates from funds. After the RDR, these rebates will consist
08/19/2012
Julian Assange speaks to the public from a window of the Ecuadorian embassy in London today, where he urged that the U.S. "renounce its witch-hunt against WikiLeaks," the whistle-blowing organization he founded.
08/16/2012
The German government's deal with Switzerland to open up its famously secret bank accounts to the taxman is the result of public outrage after the 2008 financial crash and months of negotiation that followed.
08/16/2012
He wants the deal declared invalid, or damages equal to the cost of unwinding it -- about 18.7 million pounds.
08/15/2012
Julius Baer and Zuercher Kantonalbank also said they received authorization. HSBC said it has delivered documents and is cooperating with the U.S.
08/15/2012
The scandals reveal the complicity of the regulators including the Financial Services Authority (FSA) and the Bank of England (BoE), and successive governments which act as the protectors of those financial gangsters.