"Do As I Say, Not As I Do" HSBC"s "Reforming" CEO Sheltered Millions In Swiss Bank Accounts

Oops! Amid new money-laundering allegations against HSBC's Swiss arm, The Guardian reports that leaked files show that CEO Stuart Gulliver sheltered US$7.6 million in a Swiss account through a Panamanian company. While a spokesperson for the bank said tha.....»»

Category: blogSource: zerohedgeFeb 23rd, 2015

ECB Accounts Show Buying Sovereign Debt Was Only Adequate Option - Bloomberg

Irish ExaminerECB Accounts Show Buying Sovereign Debt Was Only Adequate OptionBloombergLast month, European Central Bank President Mario Draghi announced a 1.1 trillion-euro ($1.2 trillion) stimulus plan centered on government-bond purchases. Photographer.....»»

Category: topSource: googlenewsFeb 19th, 2015

Leaked HSBC Documents Shed Light On Swiss Banking Industry

The records of some 30,000 accounts containing $120 billion show the bank helped customers — including politicians, royalty, celebrities and criminals — conceal their accounts from authorities. The records of some 30,000 accounts containing $120.....»»

Category: topSource: nprFeb 9th, 2015

Document Leak Reveals Secret Swiss Bank Accounts

For years the Swiss banking industry has been under pressure to get out of the tax evasion business. A trove of documents released by a former employee of HSBC shows just how aggressive the bank was in marketing tax avoidance schemes to clients. For.....»»

Category: topSource: nprFeb 9th, 2015

The Wall Street Journal: Malaysia probe says it has found documents tied to alleged transfers to premier

KUALA LUMPUR, Malaysia—Malaysia’s attorney general said an official investigation into a troubled state investment fund has uncovered documents related to allegations that money was transferred into the personal bank accounts of Prime Minister Najib R.....»»

Category: topSource: marketwatch4 hr. 18 min. ago

Malaysia Probe Finds Documents Tied to Alleged Transfers to Premier

Malaysia’s attorney general said a probe into a troubled state investment fund has uncovered documents related to allegations that money was transferred into the personal bank accounts of Prime Minister Najib Razak......»»

Category: topSource: wsj5 hr. 18 min. ago

Cash On A Greek Bank Account? *Poof* It’s Gone!

The banks in Greece have been closed for six days in a row now, and Greek citizens were allowed to retire just 60 EUR per day from their bank accounts. Some banks reopened yesterday, but only to allow pensioners to draw 120 EUR from their bank accounts wh.....»»

Category: blogSource: zerohedge6 hr. 35 min. ago

Malaysian Anticorruption Body to Look Into Flow of Money to Najib

Malaysia’s anticorruption agency will look into Wall Street Journal report that investigators have traced nearly $700 million of deposits into what they believe are the personal bank accounts of Malaysia’s prime minister......»»

Category: asiaSource: wsj18 hr. 52 min. ago

Malaysian PM dismisses funds report as "political sabotage"

Malaysian Prime Minister Najib Razak on Friday dismissed as "political sabotage" a report that a probe into a state-owned investment fund had found hundreds of millions of dollars were transferred to his personal bank accounts. The investment vehicle, 1Ma.....»»

Category: topSource: yahooJul 3rd, 2015

Investigators Believe Funds Flowed to Malaysian Leader"s Accounts

Malaysian investigators scrutinizing a government investment fund have traced nearly $700 million of deposits into what they believe are the personal bank accounts of Prime Minister Najib Razak, according to documents from a government probe......»»

Category: asiaSource: wsjJul 3rd, 2015

Cooking gas subsidy: Govt saved Rs 12,700 cr via DBT, says Subramanian

Under the scheme, LPG cylinders are sold at market rates and those eligible get the subsidy amount directly in their bank accounts.....»»

Category: topSource: business-standardJul 2nd, 2015

Wells Fargo tests technology that tackles bane of modern life — computer passwords

Wells Fargo is piloting technology that promises to eliminate cumbersome user names and passwords to access your bank accounts. The San Francisco-based bank, which has its East Coast hub in Charlotte, wants to one day offer customers the option of using .....»»

Category: topSource: bizjournalsJul 2nd, 2015

Argentineans" pointers for Greeks: get cash, but don"t rush to exit

"The advice I would give is to go get your money out of the bank," said Leo Suckewer, a Buenos Aires restaurant operator, recalling Argentina’s "corralito", or freeze, on bank accounts in late 2001, aimed at halting a run on banks. The radical policies .....»»

Category: topSource: yahooJun 30th, 2015

Exclusive: Community Bank CEO Sees Fed Move In September

Kevin Cummings in the CEO of Investors Bank. He was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick......»»

Category: blogSource: benzingaJun 30th, 2015

School Choice And Nevada"s Revolutionary Education Savings Accounts

Co-authored by Alex Verkhivker. Previously, Alex worked as an economic researcher with the Federal Trade Commission in Washington, D.C. and as an Associate Economist at the Federal Reserve Bank of Chicago. He also holds degrees from the University of Chi.....»»

Category: topSource: forbesJun 30th, 2015

The Test Of Central Bank Omnipotence May Be Upon Us

Authored by Mark St.Cyr, Suddenly what was discounted as a potential “isolated event” has come full circle to show just how contagious it may very well be. e.g., Greece. Over the last few months the financial media has not only turned deaf ear.....»»

Category: blogSource: zerohedgeJun 28th, 2015

For BIS, Greece's Omission Is a Graphic Error - Wall Street Journal

Wall Street JournalFor BIS, Greece's Omission Is a Graphic ErrorWall Street JournalThe eurozone has already lost Greece. At least, that's what a map included in the Bank for International Settlements' annual report appeared to show when it was.....»»

Category: topSource: googlenewsJun 28th, 2015

Macau casino junket figure charged with money laundering - CTV News

CTV NewsMacau casino junket figure charged with money launderingCTV NewsHong Kong police charged a prominent figure in Macau's casino junket industry with laundering 1.8 billion Hong Kong dollars ($231 million) through bank accounts in the southern Ch.....»»

Category: topSource: googlenewsJun 26th, 2015

Reminder: FBAR Electronic Filing Due By June 30, 2015

U.S. persons having a financial interest in or signature authority over one or more foreign financial accounts - including a bank account, brokerage account, mutual fund, trust, estate, pension, cash-value life insurance or other type of foreign financial.....»»

Category: topSource: forbesJun 23rd, 2015

Julius Baer takes $350m settlement charge

Swiss bank edges towards resolving US tax evasion probe.....»»

Category: topSource: ftJun 23rd, 2015