03/24/2013
“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter
03/20/2013
Swiss banks face US Libor lawsuit
The London Interbank Offered Rate (Libor) is used as a reference point for mortgages and other trades worth around $300 trillion
03/20/2013
FSA announces stockbroker placed in administration regime
The firm’s placement into the regime marks the fourth time the SAR has been initiated by the FSA.
03/20/2013
“Now we’re at the top. But in this global race, we cannot keep still,”
03/20/2013
Troyan died on 8 March at his flat in Mount Street, Mayfair, central London.
03/20/2013
Sir John Peace, the chairman of Standard Chartered, has been forced to issue a humbling apology for claiming that the bank had no “wilful” intention to break US sanction rules.
03/19/2013
Rothschild Loses Daily Mail Libel Suit Appeal in London
Rothschild lost his bid to replace the chairman and chief executive officer of Bumi last month.
03/19/2013
“The problem is so bad that staff have indicated that they currently cannot find the London Whale in the current data files.”
03/19/2013
His resignation comes at a sensitive time for Hollande's government as it undertakes a process of redrafting deficit reduction plans vital to maintaining fiscal credibility with France's euro zone partners.
03/19/2013
The banking sector has been rocked by repeated scandals over the manipulation of Euribor and its London-set equivalent, the Libor.
03/18/2013
HSBC Faces New Money Laundering Claims
"There was decisive participation" of HSBC executives in hiding financial information from the authorities.
03/18/2013
The Reserve Bank of India has widened its probe of Axis Bank, ICICI Bank and HDFC to include wealth management and sale of gold coins of all active banks, a move that may lead to stricter guidelines on these activities if any loopholes are found.
03/18/2013
The agreement sets out the legal framework to enable tax authorities in both countries to exchange information relevant to the administration and enforcement of their respective domestic tax laws.
03/18/2013
The systems and controls failings meant crucial information was not available to investors on a timely basis.
03/18/2013
Buergin, 41, is the first of 51 men charged by police for having paid sex with the girl to stand trial
03/18/2013
Sigma Capital Management has agreed to pay $14 million (£9.2 million) to settle charges for insider trading
03/17/2013
SAC Capital, a hedge fund run by billionaire Steve Cohen, is to pay $600m (£397m), the biggest insider dealing fine in history
03/17/2013
Swiss Abroad slams gov’t for hasty tax deals that don’t consider country’s expats
03/14/2013
Italian Police Seizes Bulgari's Assets in Tax-evasion Probe
Among the seized assets there were several properties including one in Rome's renowned shopping street Via dei Condotti.
03/14/2013
China is seen by some tax experts as an important participant if the U.S. China - the world's second-largest economy - is seen by some tax experts as an important participant if FATCA, is to work effectively.