Search Results for: UBS AG
Denials continue despite MPs hearing of HSBC tax evasion claims in 2011 (Video)
February 11th, 2015
Downing Street insists it had no warning of HSBC wrongdoing, despite revelation MPs had known about ‘disc from the Swiss’ with names of potential tax dodgers Downing Street and the Financial Conduct Authority insisted on Tuesday they had been ...
SEC Proposes Rules for Hedging Disclosure
February 10th, 2015
Amendments Would Enhance Corporate Disclosure of Hedging Policies for Officers, Directors and Employees The Securities and Exchange Commission today announced it has approved the issuance of proposed rules that would enhance corporate disclosure of company hedging policies for directors ...
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 ...
Ready for Brexit?
February 9th, 2015
ING’s economist James Knightley analysed the potential effects on the UK economy of holding a referendum on exiting the European Union (Brexit). Real risk that the UK leaves the EU The UK’s future relationship with Europe will be a ...
The Party Is Likely Over for U.S. Treasury Bonds
February 9th, 2015
U.S. treasury bonds defied the experts last year. The consensus was that once the Fed began dialing back its massive bond-buying stimulus program last January, bond prices would have to begin plunging. With the stock market so clearly in ...
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 ...
PwC rejects Margaret Hodge’s claims that it promotes “tax avoidance on an industrial scale”
February 6th, 2015
PwC has rejected the findings of the Public Accounts Committee, which has accused the financial services firm of promoting “tax avoidance on an industrial scale”. The committee, led by Labour MP Margaret Hodge, published a report this morning slamming ...
Merkel Says Greek Diplomatic Offensive Is Failing
February 5th, 2015
German Chancellor Angela Merkel indicated that a diplomatic offensive by newly elected Greek Prime Minister Alexis Tsipras to ease his nation’s bailout-aid requirements is failing to win over converts. “I don’t think that the positions of the member states ...
UK watchdog hands KPMG fines totalling £390,000
February 4th, 2015
The UK accountancy watchdog said on Tuesday it had fined KPMG a total of £390,000 for putting commercial considerations above ethical standards for auditors in two separate cases of misconduct that stretch back to 2010 and 2011. In the ...
