10/11/2012

Ex-UBS Client Avoids Prison in Offshore Tax Case

The U.S. charged at least 50 taxpayers with tax crimes since 2009, when UBS avoided prosecution by paying $780 million, admitting it helped thousands of Americans evade taxes and turning over the names of 250 American clients to U.S. authorities. UBS, bas

10/08/2012

Channel Islands & IOM to negotiate FATCA agreements

The Governments of Guernsey, the Isle of Man and Jersey are today (9 October 2012) simultaneously announcing their intention to negotiate partnership agreements with the United States of America to implement FATCA.

10/07/2012

Credit Suisse probed by U.S. over mortgages: sources

Credit Suisse was a big player in the residential mortgage-backed securities market until the housing bust in 2007 Read more: http://www.foxbusiness.com/news/2012/10/04/credit-suisse-probed-by-us-over-mortgages-sources/#ixzz28cZlrChy

10/03/2012

RBS investigated by NY Attorney General

Royal Bank of Scotland is among the banks under investigation by New York’s top prosecutor over the sale of mortgage-backed bonds before the financial crisis.

09/30/2012

Deutsche Bank unveils revamped global panel

The US firm is understood to have regained its place on the panel after the Frankfurt-headquartered bank completed its rejig of the roster towards the end of September.

09/28/2012

Osiris CEO Pleads Guilty To Conspiracy

Spak and his co-conspirators solicited investors to invest in the Osiris Fund, which they pitched to prospective investors as a hedge fund for the “little guys” and “moms and pops.”

09/28/2012

FATCA: Model Intergovernmental Agreement Released

This is a key step towards delivering on the commitment made by the same countries in their joint statement published in February 2012 that first heralded this intergovernmental approach.

09/26/2012

Former Credit Suisse banker arrested

"He was taken into police custody and extradition proceedings will commence at Westminster Magistrates Court tomorrow," a police spokesman said.

09/26/2012

SEC Seeks to Intervene in Lehman Unit Fight With Barclays

The SEC has the legal right to participate in all cases involving a brokerage that’s being liquidated under the Securities Investor Protection Act, the regulator said in a letter to the U.S. Court of Appeals in New York.