Around a dozen banks in the so-called Category 1, i.e. the banks that were already under investigation by the US Department of Justice (DoJ)...
Around a dozen banks in the so-called Category 1, i.e. the banks that were already under investigation by the US Department of Justice (DoJ)...
Credit Suisse took a hit on its capital ratio when it settled the tax dispute with the US for $2.6m. The Swiss bank is...
According to an article on Inside Paradeplatz Rothschild Bank AG calculated internally a fine of CHF100m to settle the US tax dispute while only...
Bloomberg reports that Bank Leumi Le Israel is close to a settlement with the US federal and state investigators. It is believed that Bank...
HSBC admits wrongdoing and is fined $12.5m to resolve charges that its Swiss bank unit serviced US clients without being SEC registered. According to Reuters...
Bank Leumi Le-Israel Ltd said it boosts the provisions relating to the settlement under negotiation with US Department of Justice (DoJ). It increased provisions...
Raiffeisen announced that they have sent a Letter of Intent to the US Department of Justice (DoJ) to show their intention of participating in...
Judge rebecca Beach Smith said today at a hearing that lasted less than an hour ‘I adjudge Credit Suisse guilty’ reports Bloomberg. The judge...
The participation of Swiss banks in the US Program to settle the tax dispute with the USA is very costly. High costs are involved...