Search Results for: legal
Switzerland Rules Out FTA With EU
June 12th, 2015
The Swiss Federal Council has concluded that a free trade agreement with the European Union (EU) would be a step backwards and cause uncertainty. The Council was responding to the postulate of Council of States member Karin Keller-Sutter. The ...
New Coindesk Report: Who Really Uses Bitcoin ?
June 11th, 2015
Young, pale, techie and male. Anecdotally, this has been the make up of bitcoin’s core community since the cryptocurrency began, at least if media reports and Internet chatter are to be believed. But in 2015, is this still an accurate reflection ...
Austrian Financial Market Authority (FMA) Warning: UK Options
June 11th, 2015
The FMA warns investors against the conclusion of investment services requiring a licence with this provider The Austrian Financial Market Authority (FMA) may, pursuant to the first sentence of Article 92 para. 11 of the 2007 Securities Supervision Act ...
HP to pay $100m to settle lawsuit with shareholders
June 10th, 2015
Technology giant Hewlett-Packard has agreed to pay $100m (£65m) to some of its shareholders to settle a claim over its ill-fated acquisition of Autonomy. Dutch pension fund manager PGGM led the class action lawsuit, which claimed HP had misled ...
Top banks pay $300 b on post-crisis litigation – as costs continue to rise
June 9th, 2015
The post-2010 legal and regulatory bills rose paid out by the top 16 banks in the world rose nearly 20 per cent in 2014 amidst signs that the charges might continue to be incurred, according to the CCP Research ...
Germany, France Targeted as EU Chases Tax-Loophole Data
June 9th, 2015
The European Union stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy. Regulators also issued an ultimatum to Poland and Estonia for failing ...
Deutsche Bank probes $6 billion suspected money laundering
June 8th, 2015
Deutsche Bank AG (DBKGn.DE) is looking into possible money laundering transactions by some of its clients in Russia which could exceed $6 billion, a source familiar with the matter told Reuters on Friday. Transactions conducted over a period of ...
Deloitte named European Tax Innovator of the Year
June 8th, 2015
Members of the Deloitte network have been named European Tax Innovator of the Year at the recent International Tax Review (ITR) European Tax Awards. Deloitte member firms won 15 ITR tax awards in total this year, more than any ...
Justice Department Readies New Bank Settlements
June 5th, 2015
Federal and state officials are preparing the next round of billion-dollar mortgage settlements involving U.S. and European banks Up to nine banks are in line for the next round of billion-dollar payments related to soured mortgages as federal and ...
HSBC pays out £28m over money-laundering claims
June 5th, 2015
Geneva prosecutor agrees to close investigation into HSBC in return for the financial settlement HSBC has been ordered to pay a record 40m Swiss francs (£28m) and been given a final warning by the Geneva authorities for “organisational deficiencies” which ...
