The Parliamentary Ombudsman (Ann Abraham) has found that: The U.K. should compensate Equitable Life Assurance Society policyholders who lost out when the insurer almost collapsed
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UBS: their business model was illegal
This report is typical of many tonight: UBS admitted it broke U.S. law in setting up sham offshore tax shelters for wealthy Americans and agreed
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OFCs are out: bring back the term tax havens
The FT has reported that: The distinction between “offshore” and “onshore” financial centres has been dropped by the International Monetary Fund, in a victory for
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UK Treasury Select Committee must listen to the US Senate
The Senate Permanent sub-Committee on Investigations issued a press release yesterday saying (no link yet): At a Thursday hearing entitled, Tax Haven Banks and U.S.
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CDC: Depressing, isn’t it?
I listened to the Radio Four programme on the Commonwealth Development Corporation (CDC) yesterday, and was depressed. It’s depressing that CDC and its investment managers
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Give us inflation
Mervyn King has apparently admitted in the introduction to the Bank of England’s annual report that the Monetary Policy Committee can have little impact on
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Ireland is at the heart of the credit crunch, and no one is saying so
Jim Stewart from Trinity, Dublin gave a fantastic paper at the TJN conference a week or so back showing that Dublin’s International Financial Services Centre
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File on Four: Profits before poverty
I expect to find File of 4 on Tuesday 15 July very interesting. The trailer says: Profits before poverty? In 1948, the post-war Labour Government
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Credit cards: why aren’t we tackling the next crunch?
Credit card failure will be the next feature of the credit crunch. It’s bound to happen, soon. People are holding out by piling their cards
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