How ‘The Black Tax’ Affects Intergenerational Wealth Transfer
The Black Tax refers to a practice where a successful Black individual supports members of their immediate and extended family financially.
Legal
2108 articles found
BNP Paribas announces the final signing of the agreements
For BNP Paribas Personal Finance, this partnership is a major milestone on its strategic objective to have 50% of its outstanding loans related to mobility by 2025.
Credit Suisse crisis warrants careful review by Swiss, IMF says
The Swiss economy will grow 1.8% in 2024 and 0.8% this year, the IMF said
Swiss regulators defend rescue of Credit Suisse via UBS deal
Insolvency would have left the functional parts of Credit Suisse in operation as a Swiss-only bank, but one with a “damaged reputation” through bankruptcy, he told reporters in the Swiss capital of Bern.
Vontobel cuts lines to customers in Russia
The implementation of the medium-term strategy 2022 to 2024 will be pursued consistently.
Privatbank IHAG holding company executive to be sentenced over $60 million fraud
Known as the “Singapore Solution,” members of the conspiracy sent over $60 million on “round trips” across the globe.
Swiss remain calm as Europe rages over retrocessions
Citywire has drawn views from its editorial teams in Switzerland, France, Spain, Italy, and Germany to understand how this subject is perceived within the EU.
Sallie Krawcheck: Regulators Moved Quickly to Stem Banking Panic. But Is ‘Our Lehman’ Still Ahead?
The coming weeks and months will tell us more about how far regulatory practices have come since that period.
Swiss private banking exec pleads guilty to tax fraud conspiracy
Daniel Wälchli pleads guilty in the USA to tax evasion scheme using undeclared bank accounts at Privatbank IHAG.
Credit Suisse still helping wealthy dodge U.S. taxes, U.S. Senate Committee finds
In an emailed statement, Credit Suisse said it did not tolerate tax evasion and that it had been cooperating with U.S. authorities.
French prosecutors raid five banks in massive tax fraud case
Authorities said banks, including Societe Generale, BNP Paribas and HSBC, faced a compensation request of more than $1bn.