HSBC’s Swiss bankers aggressively marketed a device that would allow its clients to avoid a new tax introduced under a treaty Switzerland signed with the European Union, the HSBC files reveal.
Despite new rules that favor defendants, the government has probably not played its last card on insider trading, says this hedge-fund lawyer.
From $30bn to minus $1.2bn in less than 3 years.
But not everyone!
Turney Duff, now five years sober, talks about how c.caine crushed his trading skills-and cost him and his firm millions.
CEO Lloyd Blankfein presents the argument that the investment giant is a seller of stability, despite its embattled reputation.
UBS has confirmed it is being investigated by US authorities into whether it helped Americans evade taxes through investments banned in the US.
Two JPMorgan Chase employees were charged in Germany over the sale of swaps to the city of Pforzheim that resulted in 57 million euros ($64 million) of losses, prosecutors said.
New York's financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe General, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said.
Kenneth Griffin, whose Citadel hedge funds manage $24 billion in assets, said in a letter to investors Monday that he is approaching 2015 with "vigilance" in light of tumultuous market circumstances.
Banker-bashing: it's one of the UK's favourite hobbies. But now the soon-to-be boss of the Financial Conduct Authority (FCA), Andrew Bailey, has said it's time to start using the carrot, rather than the stick.
Goldman Sachs was named as a defendant in an antitrust case alleging the firm was part of a conspiracy to discourage trading on the plaintiffs’ platform for exchanging swaps tied to interest rates.
The mastermind of an $8bn money-laundering operation that prosecutors billed as the biggest ever got hung out to dry.