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Banking secrecy

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Secretive Bilderburg Meetings open in Dresden

It has been dubbed the world’s most high-powered but secretive annual meeting where bankers mingle with politicians.

It has been dubbed the world’s most high-powered but secretive annual meeting where bankers mingle with politicians.

News

Panama Papers lessons

Panama is at the centre of a global hurricane sparked by the leak of a huge list of documents which have become known as the “Panama Papers”

Panama is at the centre of a global hurricane sparked by the leak of a huge list of documents which have become known as the “Panama Papers”

Europe

EU's Moscovici urges tougher action on tax havens

The European Commission on Thursday renewed its vow to tackle global tax avoidance following the publication of the so-called Panama Papers. It made

The European Commission on Thursday renewed its vow to tackle global tax avoidance following the publication of the so-called Panama Papers. It made

Business

Panama's financial secrets and the new Tesla Model 3

Over recent years after the 2008 financial crisis the some of the world’s biggest banks paid billions in fines for helping wealthy clients evade

Over recent years after the 2008 financial crisis the some of the world’s biggest banks paid billions in fines for helping wealthy clients evade

Business

HSBC 's Geneva offices raided by Swiss prosecutors

The offices of HSBC bank in Geneva have been raided by Swiss prosecutors. They said they were investigating the bank and “persons unknown for

The offices of HSBC bank in Geneva have been raided by Swiss prosecutors. They said they were investigating the bank and “persons unknown for

Business

Over 50 countries sign up to fight against global tax evasion

Targeting tax evaders the finance ministers of France, Germany, Italy, Spain and Britain, along with tax authority chiefs from around the world, have

Targeting tax evaders the finance ministers of France, Germany, Italy, Spain and Britain, along with tax authority chiefs from around the world, have

Business

JPMorgan reveals full extent of security breach

JPMorgan Chase and Co has revealed the massive extent of its recent security breach by hackers. Some 83 million households and small business

JPMorgan Chase and Co has revealed the massive extent of its recent security breach by hackers. Some 83 million households and small business

Business

Luxembourg and Austria back EU law to end banking secrecy

Luxembourg and Austria have lifted a longstanding objection to an EU law aimed at curbing banking secrecy. The directive, blocked by both

Luxembourg and Austria have lifted a longstanding objection to an EU law aimed at curbing banking secrecy. The directive, blocked by both

Business

Top Greek banks will need 6.4 billion euros extra capital

Greece’s major banks will have to raise an additional 6.4 billion euros to make themselves strong enough to deal with any future crises. The

Greece’s major banks will have to raise an additional 6.4 billion euros to make themselves strong enough to deal with any future crises. The

Business

The secret is out - Switzerland is set to share its banking data

It is the world’s largest offshore wealth center but now Switzerland is set to end what it is famous for – keeping its banking secret. The country

It is the world’s largest offshore wealth center but now Switzerland is set to end what it is famous for – keeping its banking secret. The country

Europe

EU turns spotlight on 'shadow banking' sector

The unregulated “shadow banking” sector is facing stricter rules to help avert another financial crisis in the EU. The industry is estimated to be

The unregulated “shadow banking” sector is facing stricter rules to help avert another financial crisis in the EU. The industry is estimated to be

Business

EU wants wider bank data swap to fight tax dodgers

The European Commission has revealed details of its latest plans to clamp down on tax dodging It wants banks to give European Union authorities

The European Commission has revealed details of its latest plans to clamp down on tax dodging It wants banks to give European Union authorities

Business

Show me the money - British overseas territories deal

Tax havens such as Bermuda, the Cayman Islands and the British Virgin Islands are to work more closely with the UK and other European countries to

Tax havens such as Bermuda, the Cayman Islands and the British Virgin Islands are to work more closely with the UK and other European countries to

Europe

Combating offshore accounts

The leaked list of names spans the globe, with current and former officials who stashed their cash in offshore accounts evading onerous taxes back

The leaked list of names spans the globe, with current and former officials who stashed their cash in offshore accounts evading onerous taxes back

Europe

Luxembourg plans to ease banking secrecy laws

Luxembourg has said it will water down its banking secrecy laws after pressure from its EU partners. It comes amid a Europe-wide effort to crack

Luxembourg has said it will water down its banking secrecy laws after pressure from its EU partners. It comes amid a Europe-wide effort to crack

News

Austria joins EU talks to crack down on bank secrecy

The Austrian government has decided to join Luxembourg for talks with the European Union on softening its stance on coveted bank

The Austrian government has decided to join Luxembourg for talks with the European Union on softening its stance on coveted bank

Business

SNS Reaal rescued by Dutch government

The Dutch government has nationalised bank and insurance group SNS Reaal at a cost of 10 billion euros. It said that was to prevent the lender’s

The Dutch government has nationalised bank and insurance group SNS Reaal at a cost of 10 billion euros. It said that was to prevent the lender’s

Business

Former Greek bank head's Swiss accounts frozen - reports

The Swiss authorities have reportedly frozen three bank accounts of the former head of private Greek bank Proton. Greek businessman Lavrentis

The Swiss authorities have reportedly frozen three bank accounts of the former head of private Greek bank Proton. Greek businessman Lavrentis

Business

Credit Suisse settles German tax probe

Credit Suisse is to pay 150 million euros to end an investigation by the public prosecutor’s office in Duesseldorf, Germany. The probe was into

Credit Suisse is to pay 150 million euros to end an investigation by the public prosecutor’s office in Duesseldorf, Germany. The probe was into

Business

Swiss banks want US tax row deal

The head of the Swiss Bankers Association has said his country must solve a dispute with the United States over wealthy citizens using secret Swiss

The head of the Swiss Bankers Association has said his country must solve a dispute with the United States over wealthy citizens using secret Swiss

News

Inside Bank Stress Tests

So what is it that the European Banking Authority has been doing? The EBA has tested about 90 of Europe’s top lenders, on how they would react to

So what is it that the European Banking Authority has been doing? The EBA has tested about 90 of Europe’s top lenders, on how they would react to

Business

US targets Credit Suisse in tax dodge probe

Credit Suisse said on Friday that is being investigated by US authorities for allegedly helping wealthy Americans evade tax by stashing large sums of

Credit Suisse said on Friday that is being investigated by US authorities for allegedly helping wealthy Americans evade tax by stashing large sums of

Business

Hackers access Citigroup bank card data

Citigroup has confirmed a media report that computer hackers have accessed details of about 200,000 of its customers in North America. That

Citigroup has confirmed a media report that computer hackers have accessed details of about 200,000 of its customers in North America. That

News

Swiss take second bite at banker Elmer

The Swiss authorities have rearrested rogue banker Rudolf Elmer just hours after he was found guilty of breaching Swiss bank secrecy laws and given a

The Swiss authorities have rearrested rogue banker Rudolf Elmer just hours after he was found guilty of breaching Swiss bank secrecy laws and given a

News

Swiss banker found guilty in Wikileaks case

A former banker from Switzerland has been found guilty of breaching bank secrecy laws. Rudolph Elmer, who was among the first to use the Wikileaks

A former banker from Switzerland has been found guilty of breaching bank secrecy laws. Rudolph Elmer, who was among the first to use the Wikileaks

News

Swiss ex-banker on trial over data leaks

The trial has begun of a former Swiss banker facing charges of breaching banking secrecy laws. Rudolph Elmer, who was among the first to use the

The trial has begun of a former Swiss banker facing charges of breaching banking secrecy laws. Rudolph Elmer, who was among the first to use the

News

WikiLeaks handed secret Swiss banking data

A Swiss banker, due to go on trial for breaking bank secrecy laws, has handed over account details of 2,000 multinationals, financial firms and

A Swiss banker, due to go on trial for breaking bank secrecy laws, has handed over account details of 2,000 multinationals, financial firms and

Business

UBS admits 'serious errors'

UBS has published the results of its investigation into how it lost over 35 billion euros and came close to collapse during the financial crisis

UBS has published the results of its investigation into how it lost over 35 billion euros and came close to collapse during the financial crisis

Europe

Tracking bank data

As part of the fight against terrorism, Washington wants to track international financial transactions. After a long dispute, the EU Parliament has

As part of the fight against terrorism, Washington wants to track international financial transactions. After a long dispute, the EU Parliament has