02/28/2012

Tax avoidance clampdown: Barclays statement in full

Barclays said it was the bank at the centre of a clampdown by Britain on two tax avoidance schemes that the government said would close loopholes and raise more than £500m in tax. Here is the bank's statement:

02/26/2012

HMRC launches tax evasion task force

In what has been described as a "gloves off" approach, HMRC will be launching the new task forces in the 2012/13 tax year, which begins April 6.

02/26/2012

Metals trader fraudster given extra seven years

The banks – including West LB, JP Morgan Chase and Dresdner Bank – lost more than £400m after they were duped into backing a series of bogus metal shipment trades by Rastogi's firm RBG Resources and related companies.

02/23/2012

Citi, UBS provide keys to widening interest rate-rigging probe

Citigroup and UBS, in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest r

02/23/2012

U2 bassist suing Bank of Ireland Private Banking

U2′s bass player Adam Clayton is suing Bank of Ireland Private Banking and chartered accounting firm Gaby Smyth & Co over claims that his former personal assistant took over €4.8 million from his bank accounts.

02/22/2012

Dominique Strauss-Kahn questioned as 'pimp' suspect

The 62-year-old ex-Socialist minister was seen as the frontrunner to replace Nicolas Sarkozy as president of France until his arrest last May on rape charges on a New York maid – later dropped.

02/22/2012

U.K. Lawmaker Targets Bank Executives

The Conservative Member of Parliament for Wycombe is hoping to attract cross-party support for a new bill that will force bank directors, already under pressure over the size of their bonuses, to take personal liability for any losses suffered under their

02/21/2012

Garnier calls for IMA to reverse stance on fees

HSBC Global Asset Management, Legal & General Investments and BlackRock have now joined Fidelity in calling for a new industry standard of fund fee disclosure which takes into account trading costs.