Company News



Internal auditors must up game over new anti-corruption rules

Jeremy Wright QC MP told the Cambridge International Symposium on Economic Crime that the government will shortly publish the first national anti-corruption plan; reflecting growing concern in Westminster that numerous scandals, particularly in banking, have resulted in no individual or company being punished. . .

http://www.accountancyage.com/aa/feature/2382547/internal-auditors-must-up-game-over-new-anti-corruption-rules



HSBC Swiss private banking arm faces tax investigation

French magistrates examining whether the bank helped wealthy clients avoid a new tax, the European Union Savings Directive . . .

http://www.theguardian.com/business/2014/nov/21/hsbc-switzerland-private-bank-tax-french-investigation

 



Credit Suisse Judge Accepts $2.6 Billion Tax Plea Deal

Credit Suisse AG’s $2.6 billion plea bargain resolving allegations it helped wealthy Americans avoid paying taxes was accepted by a federal judge, ending a three-year probe that helped upend Swiss bank secrecy. . .

http://www.bloomberg.com/news/2014-11-21/credit-suisse-judge-accepts-2-6-billion-tax-plea-deal.html



After plea deal, Credit Suisse faces U.S. hearing on pension business

Credit Suisse AG will face a public hearing over whether or not the U.S. government should allow the Swiss bank to manage Americans’ retirement funds after its decision to plead guilty to tax crimes.
http://uk.reuters.com/article/2014/11/14/uk-credit-suisse-plea-pensions-idUKKCN0IY28020141114



UBS looking to take back bonuses from forex traders

UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders…

http://www.reuters.com/article/2014/11/14/banksforex-settlement-ubs-idUSL3N0T47Z420141114