HSBC Holdings Plc faces investigation by U.S. authorities and an inquiry by British lawmakers after admitting failings by its Swiss private bank that may have allowed some customers to dodge taxes.
A parliament set up in Libya to rival the elected assembly has suspended U.N.-sponsored peace talks because of what it called fresh violence from the country's recognized government, a spokesman said on Wednesday.
A U.S. court will not hold a bail hearing for a Swiss banker wanted for allegedly helping Americans avoid taxes as long as he fails to appear in person, a U.S. judge ruled on Friday.
The family that owns a controlling stake in Swiss chemicals firm Sika said on Monday it has filed a lawsuit to help push through a 2.75 billion Swiss franc ($2.73 billion) takeover by French building materials company Saint-Gobain.
Credit Suisse Group AG (CSGN.VX) said on Monday it would fight a U.S. lawsuit which accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued.
Ex-UBS banker Bradley Birkenfeld, a whistleblower in a tax fraud case involving the Swiss bank for which he was awarded $104 million after serving more than two years in prison, has lodged a request to be allowed to return to Europe.
Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.
Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by U.S. authorities wrote a letter to the U.S. Department of Justice raising questions over a dozen demands, including the banks' cooperation with other nations.
Global regulators will fast-track work on finalizing a key benchmark to measure bank capital even as countries begin applying their own higher ratios, a top regulator said on Monday.
A former banker at Switzerland's biggest bank, UBS (UBSN.VX), has been found guilty of handing over protected Swiss bank account data to the United States, according to a penalty order issued by the Swiss prosecutors' office.
The leader of Britain's anti-EU party UKIP on Saturday predicted that divisions between rich and poor would spell doom for the single currency and the dream of a United States of Europe.
Citing data compiled by independent visual designer James Offer of Codehesive Production, Bloomberg said fifteen of the 23-player squad have parents or grandparents who were not born in the country. The team's national coach himself, Ottmar Hitzfeld, is a German citizen.
An expert told Bloomberg that the European countries Russian businesses has been dependent on moving their assets into are key to forcing Russia to discontinue its plans on Ukraine.
