07/01/2012
Unnamed UBS executive charged in tax-evasion investigation
The executive is under investigation for aiding in illicit marketing, laundering and benefiting from the practices, Agnes Thibault-Lecuivre, a spokeswoman for the Paris prosecutors office, said Friday.
07/01/2012
The Independent on Sunday has learnt that the Conservative deputy chairman, Michael Fallon, is a board member of a leading brokerage firm that dominates the rates market and which has been asked to co-operate with the Financial Services Authority's i
07/01/2012
Julius Baer declined to comment on the matter, the Swiss newspaper said.
07/01/2012
The European markets watchdog is investigating whether the big three credit ratings agencies' methods of evaluating banks are rigorous and transparent enough, its chairman Steven Maijoor told the Financial Times on Monday.
06/28/2012
Around 60 percent of the employees have decided they would not keep the shares but would instead sell them immediately to institutional investors, with Commerzbank itself and Deutsche Bank AG acting as bookrunners.
06/28/2012
Royal Bank of Scotland could face a hefty fine from the same interest rate rigging scandal that has hammered Barclays this week and left its boss Bob Diamond fighting for his job.
06/27/2012
The relief will help middle class folks who have been living for years in high tax foreign countries such as the United Kingdom, and particularly the estimated one million Americans living in Canada.
06/26/2012
According to the report, the evolving regulatory framework for asset managers in a number of Asian countries, particularly with regard to consumer protection and fair dealing, is as tough as in Europe and the US.
06/26/2012
Additionally, CIA did not have an AFSL, and was therefore trading illegally under the Corporations Act.
06/26/2012
Adding to Mr. Falcone’s mounting woes, the Securities and Exchange Commission is expected to sue the money manager as soon as this week, planning to accuse him of taking a personal loan from his hedge fund, Harbinger Capital Partners, and of giving
06/26/2012
The watchdog said this was the largest fine it has ever imposed
06/25/2012
Non-US financial institutions must sign an agreement with the IRS by June 30 2013 to identify and report on clients with links to the US and more than $50,000 in an account.
06/25/2012
The justices rejected an appeal by a man, identified by the initials M.H., who was held in contempt of court for refusing to comply with a grand jury subpoena seeking records that foreign- account holders are required to keep under the federal Bank Secrec
06/25/2012
ASSET managers face a culture shock following the implementation of the European Union’s Solvency II directive, according to research released yesterday by KPMG.
06/25/2012
The Indian tax authorities are on a drive to unearth black money of Indians stashed in bank accounts abroad.
06/25/2012
The married father of two, of Irish descent, claimed colleagues refused to speak to him because he was not Dutch.
06/24/2012
The Board of Directors, in its regularly scheduled meeting Friday, reviewed the capital situation of Credit Suisse Group.
06/24/2012
Kickback scandal proving to be highly embarrassing for Switzerland’s leading bank
This raises the matter to a federal level, indicating the potential seriousness of the case.
06/24/2012
International law firm files class action suit against UBS
The complaint charges UBS and certain of its former officers and directors with violations of the Securities Exchange Act of 1934. UBS is a global financial services company.
06/24/2012
He didn't provide examples of excessive fees or specify any banks. But banks in general have come under criticism for charging high fees for a range of services, particularly as they record unusually strong profits.