Search Results for: US Justice Department
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
US scrutiny of Barclays and UBS widens forex trading probe
February 9th, 2015
The US Department of Justice is scrutinising currency-linked investments marketed by Barclays and UBS in an indication that the sprawling global probe into the foreign exchange market may become more troubling for banks. The DoJ is examining whether the ...
HSBC, Hong Kong Under Scanner As US Steps Up Investigation Of American Tax Frauds
January 5th, 2015
HSBC Holdings and the city of Hong Kong, which were last month linked to an international tax evasion network, are currently under scrutiny as part of efforts by U.S. authorities to hunt down American tax evaders, the South China ...
Bank Pays $400m Fine For Aiding US Tax Evasion
January 5th, 2015
A leading Israeli bank has agreed to pay the US government $400 million compensation for helping US customers evade tax. Bank Leumi confessed to advising 1,500 wealthy Americans how to evade taxes over several years. The bank ran secret ...
Russian Billionaire Tied to Putin Is Focus of Inquiry
November 6th, 2014
A billionaire Russian businessman known to have ties to President Vladimir V. Putin of Russia and a company the businessman controlled have been the focus of a federal investigation into money laundering and oil trading, according to documents and ...
Antitrust Goes International
October 30th, 2014
In a globalizing world economy, it’s perhaps no surprise that mergers and acquisitions are also crossing national borders more frequently–and that the risk of cartel-like behavior across national borders is also rising. The OECD lays out some background in ...
The Reasons Bankers Weren’t Busted
September 9th, 2014
“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate ...
Tyson wins U.S. Justice Dept antitrust nod for Hillshire deal
August 28th, 2014
Tyson Foods Inc (TSN.N), the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its $8.5 billion purchase of Hillshire Brands Co (HSH.N). To win approval for the merger, the companies agreed to sell Heinold Hog Markets, ...
China antitrust regulator claims Microsoft sales information not transparent
August 26th, 2014
Microsoft Corp’s internet browser and media player are being targeted in a Chinese antitrust probe, raising the prospect of China revisiting the software bundling issue at the heart of past antitrust complaints against the firm in the West. Microsoft ...
Yen Falls as Russia Eases Ukraine Tension
August 11th, 2014
The yen fell versus 14 of its 16 major peers as concern eased about tensions in Ukraine after reports last week that Russia’s warplanes ended drills and the nation is seeking to mediate between Kiev and rebel forces. The ...
