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UBS says not target of German tax evasion investigation

UBS says not target of German tax evasion investigation
Reuters StaffZURICH (Reuters) - Swiss bank UBS (UBSG.S) said on Thursday it was not the subject of a German investigation into suspected tax evasion following a search of its Frankfurt site a day earlier. No documents were seized at UBS’s offices in ...

HSBC blamed Russians in forex fraud, court told

HSBC blamed Russians in forex fraud, court told
By JIM ARMITAGEForeign exchange traders at HSBC hid the fact that they had been making profits at a British client’s expense by blaming a Russian bank’s bulk purchase of $1.3 billion worth of sterling, a court has heard. HSBC’s former global head of ...

Local bankers, Chinese money laundering, and the growing risks

Local bankers, Chinese money laundering, and the growing risks
By Peter Guy ‘When confronted with the river of capital from a growing China, fund managers have to lose their innocence and accept that they are being used as a money laundering platform’ Players will always be playing. It’s most evident at the Four ...

Dirty money? Mystery over shredded €500 notes in Swiss sewers

Dirty money? Mystery over shredded €500 notes in Swiss sewers
By Rob DaviesInvestigation launched after discovery of tens of thousands of euros in plumbing system at UBS bank and bistros in GenevaTens of thousands of euros have been flushed down the toilet in Geneva, leaving Swiss prosecutors scratching their heads over ...

Chinese bank accused of helping money laundering in Spain

Chinese bank accused of helping money laundering in Spain
Associated PressMADRID (AP) — A Spanish judge is accusing the European branch of China's state-owned ICBC bank of aiding criminal organizations to launder more than 214 million euros ($256 million). National Court judge Ismael Moreno said that the ...

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Who's behind the blog

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