| HSBC Shares Decline Amid Swiss Tax Avoidance Claims - NYTimes. | HSBC Shares Decline Amid Swiss Tax Avoidance Claims - NYTimes. | US government faces pressure after biggest leak in banking history. | News From Banks | Banking and Investment Blog |
| HSBC Shares Decline Amid Swiss Tax Avoidance Claims - NYTimes. | Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and. | Elle Macpherson and former billionaire Kerry Packer among the. | HSBC Shares Decline Amid Swiss Tax Avoidance Claims - NYTimes. |
| US government faces pressure after biggest leak in banking history. | Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and. | HSBC Shares Decline Amid Swiss Tax Avoidance Claims - NYTimes.com | HSBC Shares Decline Amid Swiss Tax Avoidance Claims - NYTimes. |
| HSBC Shares Decline Amid Swiss Tax Avoidance Claims - NYTimes. | HSBCs Swiss Private Bank Under Formal Investigation in French. | Elle Macpherson and former billionaire Kerry Packer among the. | Comcast-Time Warner Cable Deal Still Up in the Air a Year Later. |
Banking giant HSBC sheltered cash linked to dictators and arms dealers
The written statement said the bank had ���taken significant steps over the past several years to implement reforms and exit clients who did not meet strict new HSBC standards, including those where we had concerns in relation to tax compliance.��� The.
The world has six months to fix this crisis - Financial Post
Canada GDP shrinks on biggest factory drop in six years.. For example, a review of investor presentations and conference calls by executives of some two dozen US-based banks by The New York Times found that few [banks] cited lending as a priority... More than 1,700 private offshore bank accounts belonging to Canadians turned up on a list of secret accounts in Switzerland, a joint CBC News/Globe and Mail investigation into possible tax evasion has found.
Fines eyed as FX probe nears partial conclusion
The FCA recently outlined its findings in letters to six banks ��� JPMorgan Chase, Citigroup, Royal Bank of Scotland, Barclays, HSBC and UBS ��� The Wall Street Journal, London Evening Standard and other news organizations reported. The FCA seeks. A.
Chinas central bank cuts interest rates for first time in two years.
A late breaking story (originally revealed by Sky): Aviva has confirmed that it has reached agreement for an all share deal to acquire Friends Life.. The bank said it made a mistake on tax credits, which means its Common Equity Tier 1 ratio was 5.7.
Five reasons why markets are heading for a crash
Many stock markets are close to their all-time highs, the oil price is plummeting, delivering a significant boost to Western and Asian economies, the European Central Bank is getting ready for full-scale sovereign QE ��� or so everyone seems to believe.
Markets Live: China trade buoys ASX
In the local bond market, increased buying pushed up the price of Australian government 10 year generic government bonds, pulling their yields down 3 per cent to a fresh all-time low of 2.613 per cent. In China... 12:47pm: Alumina shares are 4.9 per.
REPORT: SWISS BANKS TO REVEAL US HOLDERS.
Swiss banks will probably settle a sweeping U.S. probe of offshore tax evasion by paying billions of dollars and handing over names of thousands of Americans who have secret accounts, according to two people familiar with��.
Morning Agenda: Rescue Plan for Portuguese Bank
Tribune Publishing Going It Alone | The Tribune Companys publishing unit, including eight well-known newspapers, is striking out on its own, The New York Times reports. The print properties are being spun off into a new company, Tribune Publishing.
A Tale of Two Londons - Vanity Fair
Its mostly absentee owners, hiding behind offshore corporations based in tax havens, provide a portrait of the new global super-wealthy. by. ���The vibe is junior Arab dictator,��� says Peter York, co-author of The Official Sloane Ranger Handbook, the riotous 1982 style guide documenting the shopping and mating rituals of a certain striving class of Brits, who claimed Knightsbridges high-end shopping area, which stretches from Harrods to Sloane Square, as their urban heartland.
Argentina IDs accounts in alleged tax evasion
Argentina��s top cable TV operator, a former professional soccer player and a lawmaker are among the owners of some 4,000 secret Swiss bank accounts used to evade taxes, the Argentine tax agency said on Friday. The agency charged HSBC bank .
World Stock Market News 25-06-2014. | E-Iway News
International stocks trading in New York closed lower on Tuesday. The Bank of New York. January 10, 2015 in Featured // Wagah blast mastermind killed, Pakistan claimed���. HK) is unloading more than 10 billion Swiss francs ($11.2 billion) in assets managed for wealthy clients as it repositions its business amid a global crackdown on tax evasion.. HSBC shares fell 0.6% to $51.33.. There was hope that the Dow would cross 17,000 for the first time this week.
Rouble rocked while US jobless rate drops to six-year low ��� business live
Tsipras radical left Syriza party has been at pains to strengthen ties with European officials amid polls that have shown it would come first if, as many expect, a snap election is held early next year. Media reports suggested. On that note, its.
China central bank cuts interest rates in surprise move
Meanwhile, Wall Street was up moderately in afternoon New York trading. Chinas interest rate cuts are the first since the summer of 2012, when the PBoC slashed rates in the month of June and then again in July. This is a clear step up in the.
U.S. citizens ditch passports in record numbers - Fortune
While dumping citizenship may seem unpatriotic or smack of tax avoidance to some critics, tax lawyers blame the byzantine complexity of American tax regulations. The rules ���are confusing, complex, and so complicated that��.
US accuses Deutsche Bank of skirting millions in back taxes
Tax disputes can be drawn-out battles, but a government lawsuit against Deutsche Bank looks to be particularly messy. Federal prosecutors in Manhattan on Monday sued Deutsche Bank, claiming it owes the United States government about $190 million in .
The Morning Ledger: Accounting, Governance Standards Improve in Africa
Send us tips, suggestions and complaints: james.willhite@wsj.com. Get The Morning. New York hedge fund Sandell Asset Management suggested Monday that TransCanada Corp. could boost its share price by 31% if it spun off its power-generation business.
FTSE 100 hits 15-month low as stock markets slide - live.
Over in New York, the Wall Street opening bell has been rung, and shares are (as expected) losing ground fast. The Dow Jones Industrial Average has immediately lost 265 points to 16048, a tumble of 1.4%. Fears over the��.
UBS in $1.4 Billion Test of French Tax-Evasion Crackdown
French investigators are also looking into whether HSBC Holdings Plc units encouraged tax evasion. No charges have been filed in that case. Swiss Bank Accounts. The bail demand ���is completely new and a very strong signal��� of. UBS spokesman Dominique Gerster declined to comment beyond a statement the bank made in July, when it denounced the French action as ���unprecedented and unwarranted,��� and said the process had become ���highly politicized.���
Asian markets lower on China PMI data
Shares in Chinas Everbright Bank rose as much as 9% before closing up 3.2%. Rest of Asia. Meanwhile, Japanese. The benchmark Nikkei 225 ended the day up 130.25 points at 17,590.10, while the dollar was at 118.84 yen, up from 118.65 yen in New York.
Russell Brand publishes rambling apology to RBS worker and offers to buy him.
He also said he resented being preached to by a celebrity worth more than ��9million who allegedly benefits from tax avoidance schemes. In his letter, the business analyst pointed out that the decision to throw him out of the building because he did not.
Paul Thomas Anderson: Inherent Vice is like a sweet, dripping aching for the.
At the centre of Inherent Vices shambling narrative is Larry ���Doc��� Sportello, a casualty from the 60s who spends most of his time attempting to unravel an increasingly labyrinthine plot with the help of large quantities of dope. ���Hes just too.
Foreign banks shun U.S. millionaires thanks to tough tax.
HSBC Holdings Plc, Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. all say they have turned away business thanks to the implementation of Fatca, which seeks to prevent tax evasion by. The firm now refers them to its wealth-management offices in the U.S., or to its Swiss Financial Advisers unit, which complies with U.S. and Swiss regulations, said Serge Steiner, a spokesman for UBS... Calgarys housing market under pressure as new.
Credit Suisse Faces Threat Of New U.S. Probe For Offshore.
Credit Suisse Faces Threat Of New US Probe For Offshore Tax Evasion. Reuters. ZURICH (Reuters) - Credit Suisse faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after New York states top financial regulator requested documents from the Swiss bank.. Amid the U.S. scrutiny, Credit Suisse, like UBS, is leaning more heavily on its private banking franchise to compensate for the drop in investment banking returns.
Spitfire List | FTR #688 Darkness in the Vaults
The Swiss claim was based on the argument that Interhandel was a Swiss corporation, that it was not nor had it ever been an enemy of the United States, and that it owned the shares in question. The American government rebuttal was that Interhandel was. Wegelin and Co., Switzerlands oldest bank, is telling wealthy clients to sell their U.S. assets, or switch banks, because of concerns new rules will saddle investors with tax obligations in the worlds biggest economy.
White Collar and Regulatory Enforcement Trends in 2014.
The judge assigned to that case, Judge Swain in the Southern District of New York, has indicated that she needs time to review the agreement and has reserved decision on whether to accept the plea until March 2014... 2013, in conjunction with a Joint Statement between U.S. and Swiss authorities, the Program offered an innovative solution for Swiss Banks seeking to resolve their status in relation to the Departments ongoing investigations of offshore tax evasion.
Why the Historic Peterhof No Longer Belongs to Credit Suisse
ZURICH���When Credit Suisse CSGN.VX +0.30% settled with authorities in the U.S. for $2.6 billion six months ago and pleaded guilty to aiding American tax evasion, the Swiss banks capital ratio���a key measure of stability closely monitored by .
SWISS BANKS ARE A HAVEN FOR TAX CHEATS: UBS.
The extraordinary move comes as the U.S. Justice Department and Internal Revenue Service intensify crackdowns on offshore tax evasion and look beyond the world of Swiss banking for institutions that might be providing places to hide money. HSBC is. HSBCs move to cut off wealthy U.S. clients represents a retreat for an institution that made a splash in the private-banking business in 1999 with the acquisition of Republic National Bank of New York. A new IRS��.
iNews Briefs | IEyeNews
He declined to provide any further comments, but said more details would be released shortly.. The IRS improperly turned over thousands of confidential tax documents to the White House for review, according to information obtained from a lawsuit filed against the U.S. Treasury Departments inspector general by the legal advocacy firm.. A man named Julien Blanc is ���possibly the first man ever denied a visa on grounds of sexism,��� reports The New York Times.
Frontrunning: May 20 - GoldIsMoney2.com
Credit Suisse Group AG became the first financial institution in more than a decade to plead guilty to a crime Monday when the Swiss bank admitted it conspired to aid tax evasion and agreed to pay $2.6 billion to settle a long-running. Federal prosecutors in New York on Monday announced charges against the creators of software called Blackshades that hackers around the world allegedly used to hijack hundreds of thousands of computers, allowing them to spy on��.
Swiss Bank Folds After US Criminal Conviction - Daily Kos
Switzerlands oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. [.] It said that once this was completed, it will cease to operate as a bank. The bank had��.
High rent, low salaries: how young Hongkongers are scheming to secure.
In the difficult economic climate, the government responded to developers bitter complaints about the listless housing market by imposing an indefinite moratorium. That was lifted in 2011, but the first of the new HOS flats isnt expected to be ready.
Haqs Musings: Indian-Americans Face Insider Trading.
It is estimated that billionaire Raj Rajaratnam, the founder of hedge fund Galleon Group under arrest in New York on charges of insider trading, has invested more than $150 million in Sri Lankan shares. Even rumors of his��.
