September 11, 2014 - UBS chairman says smaller banks to merge, large banks already too big
"Consolidation will certainly happen among smaller banks," Weber said in a speech at the university in Frankfurt on Wednesday, adding that there were too many r
September 8, 2014 - Swiss banks now learn to shape up
Switzerland’s allure as a place to stash cash has been badly damaged by a US-led campaign against tax cheats, and the country’s roughly 140 private banks can no
September 8, 2014 - Caribbean-Based Investment Advisor Sentenced for Using Offshore Accounts to Launder and Conceal Funds
September 5, 2014. an investment advisor, was sentenced today to serve 30 months in prison for conspiring to launder monetary instruments, the Ju
Septmber 8, 2014 - No more secrets for Swiss banks
Switzerland's allure as a place to stash cash has been badly damaged by a US-led campaign against tax cheats, and the country's roughly 140 private banks can no
September 8, 2014 - UBS’s Wealthy Clients Put $14 Billion Into Flat-Fee Contracts
UBS AG, the world’s largest wealth manager, said rich clients put almost 13 billion francs ($14 billion) into flat-fee advisory contracts introduced last year,
September 3, 2014 - American Pleads Guilty To Hiding Money In Swiss Bank, Moving Money To Israeli Bank After UBS Scandal
"The odd thing about the allegedly structured transactions is that they accomplished nothing," added Jay Nanavati, a member of the firm's Criminal Tax Defense t
September 3, 2014 - Wealthy Finns reveal hidden assets as Swiss bank secrecy comes to an end
Finnish tax authorities were taken aback last spring when dozens of Finns with assets stored in Swiss bank accounts requested corrections to their tax data to r
September 3, 2014 - Which Swiss Bank Has The Better Business Model: UBS or Credit Suisse?
To sum things up, UBS’s business model is likely going to be more stable going forward when compared to Credit Suisse, with a lower overall risk profile. While
August 28, 2014 - Swiss Bank Lombard Odier Reveals Results for First Time
Last year, Lombard Odier agreed to sign up to a voluntary disclosure program with the tax authorities in the United States. The program required the banks to pr
August 27, 2014 - 101 Countries Sign Up For FATCA Network
his is the latest list of countries and financial jurisdictions sending FATCA data to the IRS:
August 20, 2014 - Offshore incorporations up in Cayman and worldwide
Despite the political and media pressure on offshore financial centers, new incorporations of offshore companies worldwide continue to grow.
August 6, 2014 - Britain Fails to Find Riches It Expected in Swiss Accounts
August 6, 2014 - Swiss Banks Send U.S. Client Data Before Cascade of Settlements
Bloomberg News contacted 34 of the lenders, 20 of whom said they will meet today’s deadline. Five others declined to comment, and seven didn’t have clear-cut an
August 6, 2014 - For Americans in Israel, the U.S. tax man cometh
It is estimated that hundreds of thousands of American citizens and holders of permanent residency status in the United States live in Israel.
July 30, 2014 - After Public Outcry, IRS To 'Reconsider' Its Attempt To Police Non-Profit Speech
Americans sent a clear message to the Internal Revenue Service about its proposal to restrict the speech rights of non-profit groups like the Alliance for Justi