02/10/2017
Panama Papers scandal: Top law firm partners Mossack, Fonseca arrested
The documents showed myriad ways in which the rich exploit secretive offshore tax regimes.
Legal, Regulation & Compliance
02/10/2017
This is our best chance to scrap the toxic American tax law that makes pariahs out of US citizens
Global tax evasion is, of course, a major international problem that must be tackled head on
02/09/2017
CIBC Opts for Wolters Kluwer’s Regulatory Reporting Hub in Asia and UK
The bank has specifically signed up to use Wolters Kluwer’s OneSumX Regulatory Reporting, including the firm’s Regulatory Update Service.
02/09/2017
Top Wells Fargo executives may lose bonuses over sales scandal
Wells Fargo’s board is pursuing its own investigation.
02/09/2017
More travel complications from U.S. authorities: IRS to revoke Americans’ passports for unpaid taxes
Under new rules, American citizens too could soon be banned from travelling by having their passports revoked for unpaid taxes, warns the boss of one of the world’s largest independent financial advisory organisations.
02/09/2017
Top firm said shutting down business as part of investment banking overhaul
Deutsche Bank had slid to 13th place among banks in that clearing business, the Financial Times said in a report on the plan Wednesday.
02/09/2017
Germany pulls some gold reserves from U.S., France
The Bundesbank aims to store half of Germany's gold reserves in its own vaults in Frankfurt by 2020.
02/08/2017
Banks Should Beware of Changes to U.S. Financial Laws
Mr. Peters warned that the U.S. president’s push to repeal the 2010 Dodd-Frank Act, which put checks on Wall Street after the 2008 financial crisis, could destabilize global financial markets.
02/08/2017
Lawsuit: MetLife failed to pay workers $50M in overtime
The lawsuit seeks class-action status on behalf of claim specialists nationwide who worked on long-term disability insurance claims for MetLife and two subsidiaries.
02/08/2017
Company accused of scamming 9/11 first responders, NFL concussion victims
Authorities say the company charged interest rates as high as 250 percent and high fees on the advances, collecting millions of dollars in interest and fees.
02/08/2017
Indonesia to hold court hearing into Goldman Sachs's billion-dollar dispute with tycoon
Legal experts say the outcome could give an indication on whether the country's civil court proceedings will protect the rights of foreigners.
02/08/2017
Managers Aren’t Doing Enough to Encourage Whistleblowing
Some employees even claimed that they were fired for calling the internal ethics hotline.
02/08/2017
Whistleblower Alleges Swiss Bank Cheated in U.S Tax Pact
The verdict, which Schnellmann told finews.com he plans to appeal, is the result of a five-year criminal complaint into him by the bank, after their partnership soured in 2010.
02/08/2017
Whistleblower Alleges Swiss Bank Cheated in U.S Tax Pact
The verdict, which Schnellmann told finews.com he plans to appeal, is the result of a five-year criminal complaint into him by the bank, after their partnership soured in 2010.
02/08/2017
Judge defers ruling on dismissal of Cooperman insider trading case
Wells said Cooperman would now be willing to be deposed by the SEC.
02/07/2017
The Deloitte US/UK M&A deal monitor
The UK remains highly attractive for US dealmakers.
02/06/2017
U.S. charges fired Morgan Stanley wealth manager with theft
The bank was not accused of wrongdoing.
02/06/2017
Donald Trump loses multi-million dollar lawsuit after one of his golf clubs violated members' contracts
Players wishing to resign were locked out while still being billed up to $20,000 a year in fees
02/06/2017
Macri Family Firm Linked to Key Bank in Brazil Fraud Scandal
The financial institution's local office in Antigua and Barbuda, called Meinl Bank Antigua Limited, was acquired by Brazilian construction giant Odebrecht exclusively to launder funds.
02/03/2017
Tech billionaire Sparks New Zealand Passport-for-Sale Row
Opposition parties accuse the government of turning citizenship into an asset wealthy foreigners can buy.