October 21, 2011 - U.S. tax officials eye offshore accounts
By 2013, banks in Costa Rica will have to inform the U.S. about accounts maintained by U.S. citizens and businesses within the country.
October 21, 2011 - UBS in Turmoil as Rogue Trader Goes to Higher Court VIDEO
UBS in Turmoil as Rogue Trader Goes to Higher Court - Video News Report
October 20, 2011 - US judge delays hearing for Swiss banker in tax probe
The postponement comes nearly a month after the U.S. Justice Department disclosed that eight offshore banks are the subject of grand jury investigations examini
October 19, 2011 - Swiss Private Banks Start Tightening Their Belts
Switzerland’s ability to draw clients by simply advertizing its status as a tax haven is crumbling amid a continual erosion of its banking secrecy rules that ha
October 18, 2011 - U.S. Should Pursue Swiss Banks Only in Some Cases, Lawmaker Says
U.S. officials should only be able to request administrative assistance from Switzerland when banks deliberately helped their clients to dodge taxes, the head o
October 18, 2011 - Swiss inching towards U.S. tax deal agreement
A Swiss parliamentary commission is edging toward accepting a government proposal that would allow the transfer of bank clients' data to the United States to se
October 17, 2011 - UBS chief: Missteps must "never happen again"
The scandal has also undone the bank's efforts to clean up its image after massive subprime mortgage losses that forced the bank to accept a bailout from the Sw
October 16, 2011 - Swiss banks summoned to hearing on U.S. tax evasion - paper
Swiss banks accused of helping Americans to dodge taxes have been summoned to a parliamentary committee hearing this week at which they will be asked to explain
October 16, 2011 - Germany sniffs out Luxembourg tax evaders
Switzerland and Liechtenstein are no longer the tax havens they used to be for wealthy Germans. Now German authorities are tracking down untaxed funds in the ti
October 14, 2011 - Rating agency Standard Poor's has downgraded the long-term credit rating of Spain by one notch, from AA to
On Thursday, Fitch downgraded the creditworthiness of UK banks Lloyds and Royal Bank of Scotland (RBS) as well as Switzerland's largest bank, UBS.
October 14, 2011 - Canada hopes for exemption on U.S. FATCA rules
Finance Minister Jim Flaherty voiced cautious optimism on Wednesday that Canada would be granted an exemption from an onerous U.S. tax reporting law that he cal
October 13, 2011 - HMRC targets 6,000 Swiss accounts in tax crackdown
The Revenue is writing to HSBC in Geneva account holders to inform them they have a "window of opportunity" until 31 March 2015 in which to come clean about the
October 13, 2011 - Julius Baer advisers reportedly indicted in New York
“The bank is one of a number of Swiss financial institutions supporting the ongoing tax negotiations between the US and Switzerland and is cooperating with the
October 13, 2011 - US Indicts Two Former Julius Baer Private Bankers For Aiding Tax Evaders
“The bank is one of a number of Swiss financial institutions supporting the ongoing negotiations between the US and Switzerland and is cooperating with the US g
October 12, 2011 - Offshore Tax Scorecard: UBS, Credit Suisse, HSBC, Julius Baer
The Justice Department has said eight offshore banks are under grand-jury investigation for facilitating tax evasion. The U.S. crackdown has led to charges agai