Search Results for 'US'

World Bank Record Level Of Business-Friendly Reforms

Governments around the world continued to adopt a record number of reforms over the past year despite the global crisis, with some countries incorporating business-friendly measures into their stimulus packages, the World Bank said Tuesday. [...]

Posted On : Sep, 09 2009 | Comments : 0

Bank Crisis House Petitions AGF on Bailout

The House of Representatives Committee on Justice has petitioned the Attorney General of the Federation (AGF) and Minister of Justice, Chief Michael Aondoakaa over the controversial N420billion bailout granted five ailing commercial, [...]

Posted On : Sep, 07 2009 | Comments : 0

US bank crisis puts pressure on FDIC

The U.S. economy may be entering rehab, but its banks are still in intensive care. The number of “problem” banks has swelled to 416, up from 305 at the end of March, helping drain the country's deposit insurance fund to its low [...]

Posted On : Aug, 28 2009 | Comments : 0

Swiss bank fires employee indicted in US tax case

Switzerland's Neue Zuercher Bank said Friday it has fired an employee after he was indicted in the United States on fraud charges for allegedly helping rich Americans evade taxes by hiding assets in offshore accounts. Hansruedi Schumacher, [...]

Posted On : Aug, 22 2009 | Comments : 0

US Charges Two in Swiss Bank Probe

The U.S. government kept the heat on Swiss banking secrecy Thursday, charging a banker and a lawyer with fraud for allegedly helping rich Americans dodge taxes by hiding assets in bogus offshore entities. The indictments announced by the J [...]

Posted On : Aug, 21 2009 | Comments : 0

US wealthy to discover Swiss bank is no haven

The U.S. Department of Justice has lifted the veil of banking secrecy from the face of Switzerland, forcing the country's largest bank to hand over the names behind 4,450 accounts as part of a historic lawsuit settlement. UBS AG, UBS-N t [...]

Posted On : Aug, 20 2009 | Comments : 0

US seeks reduced term for star Swiss bank witness

A former Swiss banker should get a sharply reduced prison term for helping the U.S. government as a star witness in a wide-ranging tax evasion investigation of banking giant UBS AG, federal prosecutors said Tuesday. The banker contends his [...]

Posted On : Aug, 19 2009 | Comments : 0

Royal Bank of Scotland adjusts focus in China

Royal Bank of Scotland (RBS), which now is 70-percent owned by the government of the United Kingdom, has positioned to focus on its investment banking business in China, reported Monday's China Daily. The bank aims to become one of China's [...]

Posted On : Aug, 10 2009 | Comments : 0

Bank of America settles SEC lawsuit over Merrill Lynch bonus...

Reporting from Orange County and New York E. Scott Reckard -- Bank of America Corp. has agreed to pay $33 million to settle allegations that it misled shareholders by indicating that Merrill Lynch & Co. would not pay year-end bonuses -- [...]