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BANKING NEWS

Geneva banks, stung by tax evasion crackdown, see rosier 2018

Geneva banks, stung by tax evasion crackdown, see rosier 2018
By Reuters Staff GENEVA (Reuters) - Geneva’s financial sector is turning more positive after its fears about 2017 turned out to be overdone, an annual survey by the Swiss city’s banking association showed on Tuesday.  Half of Geneva’s big banks - those ...

Big bank to move headquarters out of Catalonia

Big bank to move headquarters out of Catalonia
By Michael Stothard in Madrid and Tobias Buck in BarcelonaSabadell decision comes as relations between Barcelona and Madrid deteriorate furtherThe second-largest bank based in Catalonia has decided to move its legal headquarters out of the region as Catalan ...

ECB asks banks to set aside more cash for bad debt amid €1tn problem

ECB asks banks to set aside more cash for bad debt amid €1tn problem
By Jill Treanor City editor Central bank attempts to prevent creation of new eurozone debt pile by making it more expensive to hold problem loansThe European Central Bank is attempting to put a lid on the near €1tn (£886bn) of bad debts stored in ...

Bank Hapoalim says U.S. tax settlement may be higher than thought

Bank Hapoalim says U.S. tax settlement may be higher than thought
Reuters StaffJERUSALEM (Reuters) - Israel’s Bank Hapoalim said on Tuesday the amount it may have to pay in a future settlement with U.S. authorities in a tax evasion probe could be “significantly higher” than previously thought and the provision for it may ...

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 ...

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Who's behind the blog

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