Breaking: Response to US tax havens act
They say the sequel is always worse than the original. The latest incarnation of US legislation targeting offshore financial centres…
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Wealth
Dresdner staff preparing to sue for bonuses
Hundreds of Dresdner Kleinwort staff are preparing legal action to recover tens of million of pounds of unpaid bonuses, after…
ByReuters: Switzerland needs to co-operate
GENEVA, March 3 (Reuters) – Switzerland must increase its cooperation with foreign countries on tax cheats to avoid being made…
ByGuardian: UBS picks new chairman
Severely damaged Swiss bank UBS today turned to the country’s political establishment to help secure its battle for survival by…
ByGuardian: AIG biggest loss ever, Dow below 7,000
The crisis-stricken insurance company AIG has crashed $61.7bn (£43bn) into the red with the biggest corporate loss in US history…
ByReuters: Congressional bills target tax havens
WASHINGTON (Reuters) – Offshore tax havens used by rich Americans in Switzerland, the Cayman Islands and other nations are targeted…
ByMass for New Yorkers
Only in New York would you find getting into a church for a special service as tricky as getting an…
BySunday Times: Buffett: ‘I did dumb things’
Warren Buffett admitted yesterday that he did “some dumb things” in 2008, as the world’s richest investor announced that Berkshire…
ByFamily businesses best placed for recession
A new report from Barclays Wealth and the Economist Intelligence Unit (EIU) has singled out family businesses as being particularly…
ByFT: Swiss minister combats US name drive
Switzerland’s justice minister will on Monday meet her US counterpart in a crucial week in UBS’s efforts to fight attempts…
ByTUC: £4bn lost to UK through tax havens
Tax avoidance by wealthy UK residents through tax havens costs UK tax payers at least £4 billion a year, according…
ByShame on the Republicans
Obama’s election has now left the Republicans scrambling to catch up ’ and looking like undignified idiots. It used to…
ByThe next in line
As the East European economies collapse, this begins to look more like the 1930s than a good lending opportunity. This…
ByNew Yorkers trading down
If you are a recently-fired Wall Streeter there’s always the Moon and Sixpence approach to getting your life back on…
ByHoare & Co chooses non-family CEO
Jeremy Marshall, the former head of UK private banking at Credit Suisse, has been appointed chief executive of C Hoare…
ByLux. watchdog demands changes from UBS
Luxembourg’s financial market watchdog CSSF gave Swiss bank UBS three months on Wednesday to make changes to its Luxembourg custodian…
ByNYT: UBS sued to prevent US client disclosure
UBS was sued on Tuesday in a Swiss federal court by wealthy American clients seeking to prevent the disclosure of…
ByReuters: Switzerland sets up secrecy task force
Switzerland has set up a taskforce to find ways to better defend its interests amid a U.S. tax investigation into…
ByReuters: EFG shares collapse as profits slide
Shares in EFG International AG tumbled over 30 percent to a record low on Wednesday after the Swiss private bank…
BySuing for Success
If wealth managers and investment bankers could be sued simply for losing money, their lawyers’ phones would currently be ringing…
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