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Financial Services, Insurance and Banking  : Displaying 2-6 of 82


Greece Raids UBS Executive's Home In Effort To Uncover Swiss Tax Evasion
by Richard SmallteacherSpecial to CorpWatch
July 18th, 2016
Greek tax investigators have raided the house of Christos Sclavounis, the former head of investment banking for UBS. The crackdown is part of an agreement that the country reached with international lenders in order to reduce tax evasion by Greek elites suspected of hiding their income in Switzerland.

Barclays Traders Jailed In Global Interest Rate Setting Scandal But Not Executives
by Pratap ChatterjeeSpecial to CorpWatch
July 6th, 2016
The UK Serious Fraud Office has notched up another win in the global interest rate setting scandal by sending three Barclays traders to jail. Of the 20 bankers that have been charged to date, five have been found guilty, six have been let go while nine are to face trial.

Citadel's Private Stock Market Platform Under Investigation
by Pratap ChatterjeeSpecial to CorpWatch
May 12th, 2016
The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading.

Credit Suisse Condemned For Secret Military Loans To Mozambique
by Richard SmallteacherSpecial to CorpWatch
May 9th, 2016
Activists have condemned Credit Suisse and VTB of Russia for lending $850 million to Mozambique in 2013 that was used mostly to buy military equipment, despite telling the public that the money would be used to buy fishing boats.

Barclays Trial Over Interest Rate Rigging Raises Questions Over Supervision
by Richard SmallteacherCorpWatch Blog
April 8th, 2016
Did a few individual traders in London conspire to rig global interest rates in order to enrich themselves or were they just pawns in an ongoing conspiracy by major banks designed to routinely skim billions from the international financial system?