Bloomberg reports: UBS AG, Switzerland’s largest bank, will pay $780 million and disclose the names of some secret account holders to avoid U.S. prosecution on
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Switzerland: anti-democratic or criminal?
Breaking open a Swiss Bank
Lucy Komisar has an article in the Mail on Swiss bank Julius Baer. The article is prefaced: As anger mounts about the global economic meltdown,
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HSBC is in the net
The New York Times has reported that US Federal investigators looking at tax abuse by UBS have extended the scope of their investigation to Credit
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Goodbye Swiss banking secrecy
As the FT has reported today: Considering it came less than two months after the last occasion when thousands of UBS shareholders assembled to hear
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Remove UBS’s banking licence
Bloomberg reports: A top UBS AG official was indicted by a U.S. grand jury on one charge of conspiring to help 20,000 wealthy Americans hide
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That’s what secrecy does
I’m still shocked by this statistic: About 20,000 U.S. clients have about $18 billion on deposit with UBS in Switzerland, and about 19,000 of the
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You’ve got to feel sorry for these guys – but not a lot
The Sovereign Society is one of those US right wing organisations that promotes tax havens and a very distorted view of what capitalism should be.
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Now we know who to hold to account for the abuse of Swiss banking
The Guardian has reported: Switzerland’s two biggest banks today turned to the country’s government and sovereign wealth funds to bail them out in a fresh
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