01/06/2013
Swiss banking secrecy laws prevent banks from disclosing any information on the financial affairs of clients to third parties, unless there are sufficient grounds to suspect a crime has been committed.
01/06/2013
Following is a brief summary of those aspects of the Act that we believe are most relevant to our clients in the areas of (i) gift and estate taxes, (ii) personal income tax, and (iii) business tax.
01/03/2013
“There is no excuse for wealthy Americans flouting their responsibilities as citizens of this great country to pay their taxes, and there is no excuse for foreign financial institutions helping them to do so.”
01/03/2013
The alleged deficiencies of Mizuho's secured accounts occurred in October 2011, just weeks before MF Global's spectacular downfall.
01/03/2013
Douglas high court judgment involving four claimants – IFG International Trust Company Limited, Trident Trust Company (IOM) Limited, Inter-Continental Management Limited and Kleinwort Benson Trustees (Isle Of Man) Limited.
01/01/2013
It was one of the most important leads for U.S. investigators pursuing a case against the bank that eventually led to a $1.9 billion settlement on December 11.
01/01/2013
The IRS's powerful new tool chips away at bank secrecy.
01/01/2013
The rich would see a much bigger tax bill under the fiscal cliff deal, but even they will get some nice breaks.
12/27/2012
Porsche has won the dismissal of a lawsuit by 26 hedge funds that accused the German car maker of causing more than $1bn of losses by cornering the market in Volkswagen shares.
12/26/2012
He was released on a $5 million bail after he appeared in Manhattan federal court for an initial hearing last month.
12/26/2012
Before April 2001, Wells Fargo posted customer debit card purchases to their bank accounts in order of lowest charge to highest, which minimized the number of overdrafts, according to the ruling.
12/26/2012
In a letter Wednesday to Senate Majority Leader Harry Reid, Geithner said the treasury would take "extraordinary measures" to postpone the day the US could default on its liabilities, but could not say how long it had.
12/22/2012
Deposited into an escrow account last week, this fund size was calculated following an internal review of loans offered to minority borrowers.
12/20/2012
“Peter Madoff’s role was not at all passive,” the judge said.
12/20/2012
A credit-default swap is a contract that requires one party to pay another for the face value of a bond if the issuer defaults.
12/19/2012
Under FATCA, non-US financial institutions will be required to report information about financial accounts held by US taxpayers, or held by foreign entities in which US taxpayers hold a substantial ownership interest.
12/19/2012
"Many of you have asked me what I will say to clients, prospects, recruits, family and friends who ask about the Libor settlement and its impact on me and WMA," wrote Bob Mulholland, head of wealth management and investment solutions at UBS Weal
12/19/2012
An SEC investigation found that the Fiduciary/Claymore Dynamic Equity Fund attempted two strategies to enhance returns.
12/19/2012
However, he was fired about two weeks prior to the ruling for breaching Morgan Stanley's code of conduct, the Wall Street Journal reported.
12/18/2012
UBS Board of Directors authorizes settlements of LIBOR-related claims with US and UK authorities; Swiss regulator to issue order