Swiss referendum will reform monetary system ?
Switzerland’s banking and monetary system is facing the possibility of a huge shake-up, and while the possibility looks remote, investors are buying insurance against swings in the franc and the […]
Fiscal & Legal
SocGen agrees to pay $1.34 bln over Libor and Lybia fraud
In a statement issued by the US Department of Justice on Monday, French bank Societe Generale and one of its subsidiaries agreed to pay the penalties to settle the cases. […]
US: Deutsche Bank in a list for troubled condition
The Federal Reserve has designated Deutsche Bank AG’s U.S. business in “troubled condition,” the Wall Street Journal reported here on Thursday, citing people familiar with the matter. The downgrade to […]
US Congress voted to ease post-crisis bank rules
Congress moved Tuesday to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and […]
Seattle sets Amazon Tax to help homeless
After a weekend of high-stakes negotiations between Seattle City Council members and Mayor Jenny Durkan, the council voted unanimously Monday to tax the city’s largest employers to help address homelessness. […]
Money laundering in a more digital world
With the advent of online platforms came fraudulent schemes used to scam people out of their money, hack accounts and defraud internet users. The proliferation of peer-to-peer websites, online banking […]
Malta among most tax compliant countries
“Malta is amongst the most tax compliant countries. Indicators just published by the Organisation for Economic Co-operation and Development (OECD) portray Malta as a tax compliant jurisdiction. This is exactly what […]
The defining regulatory issues of 2018 for financial services firms
Regulatory strategy in 2018 The European financial services industry faces considerable strategic challenges in 2018. There is a large volume of implementation work being carried out, alongside uncertainties around the […]