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Analysis: Rich country investors returning home
ReutersLONDON (Reuters) - The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite. This heralds a structural...Tags: Politics, Global Expansion, Finance, Interior Policy, Pension and Welfare
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Swiss banks fear heavy fines in U.S. tax deal - sources
Reuters* U.S. investigators pursuing banks like Credit Suisse, Julius Baer * Second group of banks could face stiffer penalties - source * UBS already paid $780 mln fine in 2009 * Settlement could hit smaller banks hardest - source By Katharina Bart and...Tags: Swiss Confederation, Punishment, Banking, Economy, Business and Finance, Finance
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Swiss banks fear heavy fines in U.S. tax deal: sources
ReutersZURICH (Reuters) - Swiss banks fear heavy fines they expect to pay to settle a long-running dispute with U.S. authorities over helping wealthy Americans evade tax could hit smaller lenders particularly hard, sources said. Finance Minister Eveline Widmer-...Tags: Swiss Confederation, Punishment, Economy, Business and Finance, Banking, Finance
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Credit Suisse warns of U.S. tax spat escalation if talks fail
ReutersZURICH (Reuters) - Credit Suisse's chairman warned that a long-running tax dispute with the United States over hidden Swiss bank accounts could easily escalate and spill over to rivals if not settled. "What looks to be a painful solution at first...Tags: Internal Revenue Service
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State Groups Begin To See Checks From 2011 Settlement With UBS
The Hartford CourantFunds began to flow on Thursday from a 2011 settlement between Swiss bank UBS and two dozen states, including Connecticut, and the District of Columbia, according to the state's attorney general. Ten Connecticut entities that had contracts with UBS...Tags: U.S. Securities and Exchange Commission, Justice System, Bridgeport (Fairfield, Connecticut), Stamford, Finance
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U.S., Switzerland sign pact to crack down on American tax evaders
The U.S. and Switzerland have signed a pact to crack down on tax evaders by making Swiss banks reveal more information about offshore accounts held by Americans, the Treasury Department said Thursday. The agreement is part of an effort by the U.S. to...
Tags: Swiss Confederation, Internal Revenue Service, U.S. Congress, Rick Perry, U.S. Department of the Treasury
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California's initiative process adds up to a huge waste of money
No one today can overlook that it's California's self-indulgent initiative process that's attracting the big political bucks into the state, the way a magnet attracts scrap iron. Year in, year out, the torrent of spending on initiative campaigns swamps...
Tags: Environmental Issues, Justice System, Mutual Funds, Hurricane Sandy (2012), Executive Branch
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SOURCE: UBS To Cut Up To 10,000 Jobs Bankwide
Switzerland's biggest bank, UBS AG, is expected to cut up to 10,000 jobs, or 16 percent of its workforce, as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said on Friday. The cuts would be among...Tags: Swiss Confederation, Stamford, Layoffs and Downsizing, Financial Markets
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Swiss bank UBS to cut 10,000 jobs, or 16% of workforce, by 2015
Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management. The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...
Tags: Citigroup Incorporated, Job Layoffs, Finance, Layoffs and Downsizing, Labor Legislation
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Whistleblower Receives Record Reward
KIAHBradley Birkenfeld, a former UBS banker, is now a millionaire thanks to his big mouth. He gave the IRS tips that exposed some shady business by UBS. The bank was allegedly helping wealthy Americans hide their assets offshore. In 2007, Birkenfeld...Tags: Swiss Bank Corporation, Internal Revenue Service
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IRS awards UBS whistleblower Bradley Birkenfeld $104 million
It pays to rat out your tax-dodging clients. A former banker who helped wealthy Americans illegally evade taxes, and later confessed his transgressions and cooperated with the government, has been awarded $104 million in what appears to be the largest-...Tags: Crime, Law and Justice, Justice System, Banking, U.S. Department of Justice, Internal Revenue Service
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 28, 2013
|Story| Reuters
May 5, 2013
|Story| Reuters
Mar 28, 2013
|Story| Hartford Courant
Feb 14, 2013
|Story| Los Angeles Times
Nov 4, 2012
|Column| Los Angeles Times
Oct 26, 2012
|Story| Hartford Courant
Oct 30, 2012
|Story| Los Angeles Times
Sep 14, 2012
|Story| KIAH-LTV
Sep 11, 2012
|Story| Los Angeles Times
Original site for UBS AG topic gallery.
