06/07/2012
The claimant, who has been granted anonymity, brought the judicial review proceedings to challenge a decision made by the Regulatory Decisions Committee to issue a decision notice against him in October 2010.
06/05/2012
Ex UBS CEO said at weekend he wanted SNB to end cap
06/01/2012
He agreed to pay a civil FBAR penalty of $5.75 million as well as taxes due of $312,803.
05/31/2012
Ex-UBS employees, including former Managing Director Sachin Karpe, are accused of unauthorised transactions on 39 client accounts, of which 21 reported substantial losses.
05/31/2012
The High Court judge ruled earlier this month ruled in favour of the of the 104 former Dresdner Kleinwort bankers who sought a legal battle with Commerzbank over unpaid guaranteed bonuses that had been promised to them shortly before the investment bank w
05/28/2012
A StanChart spokeswoman said Ms Wu Yidian Eden, a naturalised Singapore citizen, has been released from custody. The bank is not being investigated and Ms Wu remains an employee.
05/28/2012
Zeltner said UBS had assets under management of over 300 billion francs in Europe, over 170 billion francs in Asia, around 110 billion francs in emerging markets and 130 billion in Switzerland.
05/28/2012
The Central Bank alerted the firm last Thursday evening and has since ordered it to stop all regulated activities.
05/28/2012
The Financial Times reported that the SFO had relied heavily upon Grant Thornton for information it used to build its case against Vincent Tchengui and his brother Robert, while the accounting firm was acting as administrator for Kaupthing.
05/23/2012
In a plan submitted to the Indian Parliament Monday, the government also said it was considering allowing undeclared gold to be deposited with banks.
05/23/2012
Spain's National Court said Tuesday it has shelved an investigation into potential tax evasion against Banco Santander SA (STD) Chairman Emilio Botin and his family without pressing any charges.
05/22/2012
Switzerland could declare in the words of Voltaire, "Lord, protect me from my friends; I can take care of my enemies."
05/21/2012
Spangler served as chairman and CEO of one of the companies, which is now bankrupt. Spangler's risky investments were inconsistent with the investment strategies that he promised his clients and contrary to their investment objectives, the SEC says.
05/18/2012
Wednesday's High Court judgment is also a relief to financial firm professionals who feared the impact of a Shah victory on their processes for suspicious activity reporting.
05/18/2012
U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday that his panel will invite Dimon to appear before Congress.
05/17/2012
Even if U.S. tax rates increase slightly, they would remain historically low.
05/17/2012
Jamie Dimon, JP Morgan’s chairman and chief executive, and Douglas Braunstein, the bank’s finance director, are accused of breaching fiduciary duty to investors and wasting the bank’s assets in a suit filed in New York by Californian sha
05/17/2012
The FSA believes that he is not a fit and proper person due to concerns over his honesty, integrity and reputation.
05/16/2012
Failure to take reasonable care to establish and maintain adequate AML systems and controls went on for three years, the FSA said, and the firm was exposed to an ‘unacceptable’ risk of money laundering.
05/16/2012
The Swedish Fiscal Policy Council, a state agency that evaluates government policy, said it saw little risk the country would breach spending ceiling rules in the coming years and instead urged the government to slacken spending constraints.