Search Results for: legal
UBS’s fourth-quarter 2014 results-Fourth-quarter net profit CHF 1 billion; ordinary dividend doubled
February 10th, 2015
2014 net profit attributable to shareholders up 13% to CHF 3.6 billion; diluted EPS CHF 0.94 Ordinary dividend of CHF 0.50 per share proposed for the financial year 2014 Accrued one-time supplementary dividend of CHF 0.25 per share Fully ...
HSBC files: international outcry over activities at bank’s Swiss arm
February 10th, 2015
Revelations of collusion with wealthy and criminal clients in tax malpractice triggers furious response around the world HSBC was fighting an international firestorm on Monday over revelations that its Swiss private bank helped clients conceal undeclared accounts and provided services ...
Dangers involved in Money Laundering
February 9th, 2015
Money laundering statures have a very broad ambit and the duty is firmly on banks and financial institutions to “Know their clients” and to avoid transactions that may assist clients in disguising and concealing the sources of their money. ...
HSBC files show how Swiss bank helped clients dodge taxes and hide millions (Video)
February 9th, 2015
Data in massive cache of leaked secret bank account files lift lid on questionable practices at subsidiary of one of world’s biggest financial institutions. HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of ...
Hogan Lovells announces ‘ground-breaking’ Global Citizenship Policy
February 5th, 2015
All staff pledge 25 hours a year to providing free legal advice and community investment Hogan Lovells has launched a new Global Citizenship Policy, which asks everyone at the firm to devote at least 25 hours a year to citizenship activities. ...
BGC Extends All-Cash Tender Offer to Acquire GFI GROUP
February 5th, 2015
BGC Extends All-Cash Tender Offer to Acquire GFI GROUP for $6.10 per share to February 19 Including Shares Owned by BGC, Stockholders Representing Approximately 70% of GFI’s Shares Not Owned by Executives and/or Directors Supported Proposed Transaction Only an ...
UBS Faces a New Tax-Evasion Probe
February 5th, 2015
Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash Federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments largely banned in the U.S., according to people familiar with ...
ICAP to fight €14.9m Brussels fine
February 5th, 2015
ICAP is to fight a €14.9m fine imposed on it by European antitrust authorities for aiding a cartel in the yen swaps markets as Brussels formally closed a portion of its long-running probe into rate manipulation. The UK interdealer broker ...
ICAP to face EU fine over yen cartels
February 3rd, 2015
ICAP faces an EU fine this week for allegedly facilitating cartels on yen-denominated inter-rate benchmarks, as Brussels tackles the holdouts in rate-rigging probes that have already resulted in about €1.7bn in penalties. The world’s largest interdealer broker has strongly ...
Google Is Developing Its Own Uber Competitor
February 3rd, 2015
The two companies are going to war over self-driving taxis. Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and somewell-funded rivals. But the most significant threat to the app-based transportation company may be ...
