08/23/2012
The trader at the center of the criminal investigation surrounding JPMorgan's $5.8 billion trading loss has hired a lawyer in Paris, two sources familiar with the investigation said on Thursday.
08/23/2012
The magistrates have now put the chief executive of Intesa's Luxembourg unit Societe Europeenne de Banque (SEB), Marco Bus, and an Italian broker and former Intesa employee, Alessandro Jelmoni, under investigation.
08/23/2012
The reporting requirements have led platforms to reassess whether they will continue to hold assets for existing US investors and whether they will accept new business from US taxpayers.
08/23/2012
German tax inspectors have raided clients of Swiss bank Julius Baer, the latest development in a dispute over untaxed money held in secret Swiss accounts, a German magazine reported.
08/22/2012
According to legal expert Joachim Wieland, the deciding factor in the matter is whether or not the state has an exceptional financial need for such a one-off levy, for example to save the country’s banks, to bail out other countries, or to reduce bo
08/22/2012
The Ucis retail market is worth about £2.5 billion in the UK and some 85,000 ordinary retail investors have direct holdings in investments, which can hold assets like traded life policy investments, fine wines, crops and timber.
08/22/2012
The proposed legislation takes as inspiration the new U.S. Foreign Account Tax Compliance Act (FATCA), which is designed to stop Americans from hiding money from the taxman offshore, the report says.
08/22/2012
Commerzbank has become the latest bank to admit it faces being fined as part of a US investigation into sanctions busting by international financial institutions.
08/22/2012
Germany's cabinet agreed on Wednesday to push ahead quickly with the introduction of stricter capital requirements for banks under international Basel III rules, despite the misgivings of German banks about how they will be implemented across Europe
08/21/2012
The company's board also appointed fellow directors William Weldon, chairman of Johnson & Johnson, and real estate developer Laban Jackson to the inquiry panel.
08/21/2012
The bank also said that it had initiated discussions with UK and US authorities to discuss its historical compliance with the relevant regulations and laws, “including US economic sanctions”
08/21/2012
Macquarie stepped in to finance the portfolio after another lender pulled out. The 21 residential properties are owned by members of the Newbold family and subsidiaries of theirs.
08/21/2012
The bolt-on followed a year in which Ledingham Chalmers’ private client practice grew by 10 per cent. The firm hired Adam Cochran partner Douglas Watson as a partner in April 2011 to boost this practice area.
08/20/2012
They were each ordered to pay £767,000 representing the benefit obtained by each of them from insider dealing.
08/20/2012
From the moment that his government had been appointed with parliamentary support, Monti added, it had pursued structural reforms in the economy and the public sector with that singular aim.
08/20/2012
Hertfordshire-based Conforto Financial Management was also on the list of 21 investment firms recently placed in default by the scheme. It was wound up in November 2010 following the £1.5 million purchase of Optimal Wealth Management.
08/19/2012
NRW prosecutors said last week they were pursuing tax evaders who secretly stashed cash in Switzerland, after obtaining new bank data from a presumed whistleblower.
08/19/2012
Daniel Pirron, a partner in Delloite’s key General Counsel’s office in New York, was found dead in a car park near his home in Trumbull, Connecticut.
08/19/2012
The Treasury select committee also used a report to challenge some of Mr Diamond's claims about the bank's relationship with regulators and to question the leadership shown at Barclays.
08/19/2012
The chances of any swift Swiss-German deal to counter tax evasion looked slim on Sunday after politicians traded criticism over efforts to limit the traditional secrecy of Swiss banks.