04/09/2013
'Tax cheats’ warned as HMRC launches new disclosure facilities
The agreements were based, in part, on the principles of the Foreign Account Tax Compliant Act.
Tax
04/09/2013
Appleby advises Asia Mezzanine Capital Corporation on a US$30m facility to CAAM
The Appleby team was led by Jeffrey Kirk, the banking and asset finance team leader in Appleby’s Hong Kong office and assisted by Associate, Vincent Chan.
04/09/2013
BNP Paribas Securities Services is first European custodian to offer a class action service
As of today, 95% of the class actions worldwide are still triggered in the US and Canada, yet this market practice is progressively expanding in a number of European markets, as well as in Asia.
04/09/2013
Julius Baer Chairman Sees ‘Painful Adjustments’ Over Tax Efforts
It will undoubtedly lead to a few painful adjustments
04/09/2013
MetLife hires Asia legal head from UBS
He succeeds Peter Cashin, who left his in-house role to join insurance firm Kennedys as a partner in Hong Kong.
04/08/2013
Hong Kong nets only small fry for laundering illegal Chinese money
His conviction is one of the few in Hong Kong for money laundering, despite the city's reputation as a hub in money transfers, both legal and illegal, carried out by wealthy Chinese.
04/08/2013
Credit Suisse, Julius Baer May Close Undeclared German Accounts
Switzerland, the world’s largest center for offshore wealth, is trying to shed its image as a haven for undeclared funds amid scrutiny from U.S. and European governments.
04/08/2013
Austria feels heat of EU's anti-bank-secrecy drive
The European Commission said Frieden's comments, made to a German newspaper, were a step in the right direction and that the ball was now in Austria's court.
04/07/2013
EU finance tax will devastate the City and damage economies, reports warn
The full impact of the tax on financial transactions imposed by the European Union can be revealed today as two major studies uncover the costs to economic growth and business expansion.
04/07/2013
Ex-Credit Suisse exec pleads not guilty in NYC
He is accused of distorting the value of mortgage securities in 2007.
04/07/2013
Luxembourg 'open' to bank transparency, Luc Frieden
Luxembourg is known for its highly secretive banking sector
04/07/2013
Swiss banks give German clients an ultimatum
German clients of two leading Swiss banks have been warned that they must either produce evidence of having paid their taxes
04/07/2013
Disgraced French budget minister lied to Swiss bank
A few months later Cahuzac changed the account into his name during a visit to Geneva
04/04/2013
Court Revives Ex-Wife's Suit Against Billionaire
She sued her billionaire ex, his companies and his brother in December 2009, claiming they used fraud to hide millions from her during the divorce and made a lot of his money from inside trading.
04/04/2013
Lehman Brothers deal slashes Swiss unit's claims by billions
Lehman Brothers emerged from bankruptcy a year ago but it is still working to resolve several outstanding legal battles
04/04/2013
Blackstone Profits From Regulation With Citigroup Deal
Regulators are overhauling the rules after the widespread use of the technique in the U.S. mortgage market contributed to the financial crisis by spreading risk from lenders to the so- called shadow banking sector.
04/03/2013
A Wall Street trader hoping to boost his £1m annual bank bonus admits to making a series of fraudulent trades
The CFTC accused Taylor of fabricating trades to conceal a huge, unauthorised position in e-mini Standard & Poor's futures contracts, which bet on the direction of the S&P 500 index.
04/02/2013
Master plan to develop Singapore into global IP hub
Intellectual property has become a key driver of economic growth globally.
04/02/2013
Winckworth Sherwood replaces senior and finance partners
Both previous finance partners resigned from their positions.
04/02/2013
Credit Suisse Says New York’s Fraud Suit Filed Too Late
The lender was accused of “multiple fraudulent and deceptive acts” in promoting and selling mortgage securities.