02/08/2012
UBS Employee Tax-Evasion Probe Dropped by German Prosecutors
A four-year-old investigation that included searches of offices and private property, didn’t support allegations initially made in a television-news report, prosecutors in Mannheim said in an e-mailed statement.
02/07/2012
Some 2,000 people from the UK with money invested in Liechtenstein have come forward after the tax haven was put under the spotlight.
02/07/2012
Julius Baer ready to pay fine to avert U.S. probe
U.S. officials have in recent months been piling pressure on Swiss private banks like Baer whose clients include wealthy Americans with hidden offshore accounts.
02/07/2012
The case is a rare win for a broker trying to oppose the return of unpaid bonus money, say lawyers.
02/06/2012
The banks are suspected of colluding to influence key interest rates and the trading conditions for complex financial products that allow investors to bet on further interest rates — known as derivatives — the commission said in a statement Fr
02/06/2012
Collusion between these banks is suspected to have influenced the London interbank offered rate and the Tokyo interbank offered rate, two indicators of the interbank interest rate level.
02/06/2012
Linklaters and Ashurst have taken lead roles on TPG Capital's $800m (£508m) acquisition of hedge fund services company GlobeOp.
02/06/2012
Britain's Financial Services Authority (FSA) regulator has started a formal enforcement probe against Swiss bank UBS over last year's $2 billion trading loss at UBS's London arm.
02/05/2012
Julius Baer is one of 11 Swiss banks under pressure from the U.S. to give up tax-evading American customers and the bankers who helped them.
02/04/2012
The IRS says it has stepped-up its internal reviews, including by designing new identity-theft-screening filters, to spot such scams before refunds are issued.
02/03/2012
Regulators and some lawmakers in Europe, the U.S. and Asia have fared little better, resorting at times to nationalist sentiment to block exchange consolidation, alongside analysis that at times seemed out of step with a world of round-the-clock global tr
02/03/2012
“Other financial intermediaries are also subject to the investigation,” Comco said.
02/03/2012
Switzerland agreed to transfer about 20,000 encrypted documents to authorities in the U.S. as the two countries work toward settling a dispute over tax evasion.
02/03/2012
Prosecutors said that from 2002 to 2011, more than 100 U.S. taxpayers conspired with Wegelin
02/03/2012
Mr Adoboli pleaded not guilty to the charges and this means that an extended trial is likely.
02/02/2012
On January 31, 2012, a bipartisan group of Senators introduced a bill which seeks to transition from $1 bills to $1 coins in order to save taxpayer money. The bill S. 2049 was introduced by Senators Tom Harkin and John McCain, and cosponsored by Senators
02/02/2012
The U.S. Securities and Exchange Commission is also expected to be at the meeting
01/30/2012
Steele was given two concurrent 5½-year terms for conspiracy to commit fraud by false representation and conspiracy to use false instruments.
01/30/2012
Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.
01/30/2012
Jason Green, who led Stanford Group’s private-client group, cited the loss while being cross-examined by the defense on the fifth day of Stanford’s investor fraud trial in federal court in Houston.