Search Results for: Swiss Banks
UBS, HSBC Offshore Dealings Thrust Into Panama Papers Spotlight
April 5th, 2016
Report describes UBS’s dealings with law firm Mossack Fonseca Both banks say they comply with laws for vetting customers UBS Group AG and HSBC Holdings Plc — two of the banks hardest hit amid a U.S. crackdown on customers’ illicit ...
Revealed: the $2bn offshore trail that leads to Vladimir Putin
April 4th, 2016
A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy. Though the ...
Goldman-1MDB Probe Zeroes In on Bond Deals
March 22nd, 2016
Investigation focuses on whether Wall Street firm misled investors when it sold securities issued by Malaysian fund U.S. authorities are investigating whether Goldman Sachs Group Inc. misled bondholders when the firm sold securities issued by a Malaysian government-investment fund that is at ...
Asian stocks extend losses as BOJ offers gloomier economic view
March 15th, 2016
Asian stocks fell on Tuesday after the Bank of Japan painted a gloomier view of the world’s third-largest economy, but the yen firmed as policymakers appeared to back away from any imminent move to cut interest rates further into ...
Two Cayman Island Financial Institutions Plead Guilty in Manhattan Federal Court to Conspiring to Hide More Than $130 Million in Cayman Bank Accounts
March 10th, 2016
Cayman Companies Admit to Helping U.S. Taxpayer-Clients Hide Assets in Offshore Accounts, and Agree to Produce Account Files of Non-Compliant U.S. Taxpayers First Conviction of Non-Swiss Financial Institution For Tax Evasion Conspiracy U.S. Attorney Preet Bharara for the Southern ...
Credit Suisse Pulled Into Geneva Fight Over Lost Client Cash
March 2nd, 2016
Russians name bank as a potential target, according to lawyer Ex-manager accused in Geneva of defrauding banks’ clients Credit Suisse Group AG has been dragged into a second criminal complaint brought by two Russian clients who claim that a ...
UBS investigated for tax fraud and money laundering in Belgium
February 29th, 2016
Swiss bank giant UBS is being investigated over money laundering and serious organised tax fraud in Belgium. A statement from prosecutors said: “The Swiss bank is suspected of having directly, and not via its Belgian subsidiary, approached Belgian clients ...
Euromoney:Private Banking and Wealth Management Survey 2016
February 25th, 2016
UBS Wealth Management voted best global private bank; revenue outlook dimmer this year; asset management competition heats up. In Euromoney’s 13th annual private banking survey for 2016, UBS Wealth Management has made its way back to the top of ...
Shares Jump From Europe to Japan as Oil Holds Rally; Yuan Soars
February 16th, 2016
Absence of post-holiday China selloff bolstered sentiment Draghi said ECB will act should turmoil hit price stability Stocks came back with a vengeance amid speculation losses that sent global equities into a bear market had gone too far, with ...
Deutsche Bank shares soar 11% on bond buyback speculation
February 10th, 2016
Deutsche Bank shares have bounced back, after hitting a 30-year low on Tuesday, on reports that it will instigate an emergency bond buyback plan. Shares in the bank soared more than 11% to €14.72 (£11.43) in Frankfurt on the ...
