Swiss to pass information on HSBC accounts to U.S. tax agency

ZURICH (Reuters) - Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into tax evasion......»»

Category: topSource: reutersJul 26th, 2016

Snitching On Your Friend"s Offshore Accounts Might Yield Only Stitches, Not Rewards

Ratting out your friend’s secret foreign bank accounts for an award that lies within the IRS’s discretion may well mean the end of a beautiful friendship with little to show for it by way of monetary gain. Until Congress fixes the whistleblower statut.....»»

Category: smallbizSource: forbesApr 13th, 2016

Secret offshore accounts help owners evade taxes

Investigations also show the U.S. itself has become a haven for offshore tax evasion         Investigations also show the U.S. itself has become a haven for offshore tax evasion      &.....»»

Category: topSource: usatodayApr 4th, 2016

Russian Energy Tycoon Spends $1 Billion On Son"s Wedding; Locals Dub It "Feast In A Time Of Plague"

While the WSJ continues its crusade against the Goldman-assisted embezzlement scandal involving Malaysia's 1MDB bank, pointing out that the "bank documents show accounts of prime minister paid out $15 million for clothes, jewelry and a car", we can't help.....»»

Category: blogSource: zerohedgeMar 31st, 2016

Malaysian Prime Minister Spent Lavishly From Accounts He Says Weren’t ‘Personal’

Bank documents show $15 million worth of luxury good purchases. For months now, Malaysian Prime Minister Najib Razak has denied allegations that he received millions of dollars from a government investment fund he set up in 2009. None of the money in .....»»

Category: europeSource: fortuneMar 31st, 2016

1MDB Probe Shows Malaysian Leader Najib Spent Millions on Luxury Goods

Bank documents obtained in a 1MDB probe show accounts of Prime Minister Najib paid out $15 million for clothes, jewelry and a car......»»

Category: topSource: wsjMar 30th, 2016

Foreign Banks Pay To Avoid Tax Evasion Charges As More Americans Disclose Offshore Accounts

With FATCA and the U.S. inroads into foreign banks everywhere, global bank transparency is the new normal. IRS warns to disclose before it is too late......»»

Category: smallbizSource: forbesDec 15th, 2015

ECB considered more QE, minutes show

Accounts buoy hopes central bank will ramp up €60bn-a-month bond-buying package next month.....»»

Category: topSource: ftNov 19th, 2015

ECB eyed more QE, minutes show

Accounts buoy hopes central bank will ramp up €60bn-a-month bond-buying package next month.....»»

Category: marketSource: ftNov 19th, 2015

ECB eyed more QE in October, minutes show

Accounts buoy hopes that central bank will ramp up €60bn-a-month bond-buying package next month.....»»

Category: topSource: ftNov 19th, 2015

The Wall Street Journal: Fundraising bonanza: Hillary Clinton has $153 million for campaign’s stretch run

Democratic presidential nominee Hillary Clinton raised $101 million in the first three weeks of October together with her joint party fundraising accounts, according to her Federal Election Commission filing, leaving her with $153 million in the bank acro.....»»

Category: topSource: marketwatch5 hr. 5 min. ago

What Effect Will The Wells Fargo Fake Accounts Scandal Have On The Bank"s Commercial Lending?

Wells Fargo could lose an estimated $99 billion in deposits over the next 18 months if customers flee “as a direct result” of charges that the bank secretly opened more than 2 million bank and credit card accounts that customers may not have authorize.....»»

Category: topSource: forbes17 hr. 48 min. ago

UK Seen Avoiding Contraction Despite Brexit Setback

Britain escaped a severe economic slowdown in the three months after the Brexit referendum shock, official figures are expected to show on Thursday, further diminishing the chance of a fresh interest rate cut by the Bank of England next week. With consume.....»»

Category: topSource: marketpulse20 hr. 47 min. ago

Post Quetta attack, US doubles pressure on Pak to act against terrorism on its soil

Pakistani authorities froze bank accounts with more than Rs 400 million belonging to some 5,100 terror suspects.....»»

Category: topSource: business-standardOct 26th, 2016

Federal regulator launches broad review of banks" sales practices

Bank regulators have started to investigate the sales practices and compensation policies of many of the nation's large and mid-sized banks, something they had promised to do in the wake of the unauthorized accounts scandal at Wells Fargo & Co. The Office.....»»

Category: topSource: latimesOct 25th, 2016

Virtual assistants spend a lot of time fending off sexual harassment

Bots are already scheduling meetings, ordering meals, and analyzing bank accounts. They’re now well on their way to becoming our full-time virtual assistants. That means….....»»

Category: topSource: moneycentralOct 25th, 2016

Wells Fargo debuts national ad campaign to address scandal

Wells Fargo said Monday that it will kick off a national ad campaign that includes a TV commercial seeking to rebuild trust with customers following last month's disclosure that the bank opened as many as 2 million deposit and credit accounts without auth.....»»

Category: topSource: bizjournalsOct 24th, 2016

Wells Fargo could see almost half its customers leave bank over scandal

Wells Fargo's fake accounts scandal could spur almost half, or 44 percent, of the bank's existing retail customers to walk out the door, according to a study by management consulting firm cg42. The study found that the unfolding scandal has 14 percent of.....»»

Category: topSource: bizjournalsOct 24th, 2016

A robot is taking $250 million from people"s bank accounts for their own good

It’s the mantra of many a financial advisor: “It’s not what you spend that matters. It’s what you save.” But the mantra of many respondents is “easier said than done.” In hopes of making saving easier, San Fr.....»»

Category: topSource: businessinsiderOct 24th, 2016

A startup cofounded by Michael Dell"s brother Adam and backed by George Soros is promising to save you money

Clarity MoneyWhere can you find an unbiased, personal finance app that serves purely in your interests?  An app that analyzes your bank accounts, your recurring subscriptions and your spending habits to figure out how to save you money? Tha.....»»

Category: topSource: businessinsiderOct 23rd, 2016