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Offshore Bank Accounts News

  • Banks urge Americans to close investment accounts in Israel Tuesday, March 9, 2010 @ 12:40AMObedient to intensifying U.S. government pressure to crack down on offshore tax evaders, in January Israeli banks began ordering clients they identify as "Americans" or "U.S. tax residents" to close investment accounts they hold in Israel.
  • Callon Petroleum Company Reports Results For Fourth Quarter, Full Year 2009 Monday, March 8, 2010 @ 11:30PMNATCHEZ, Miss.----Callon Petroleum Company today reported results of operations for both the three and 12-month periods ended December 31, 2009.
  • Duo found guilty of tax evasion Monday, March 8, 2010 @ 8:29AMTWO directors of a company who cut their tax bills by $3.7 million through an offshore scheme found guilty of tax evasion.
  • Company directors guilty in $3.7m tax evasion case Monday, March 8, 2010 @ 7:18AMTwo of three directors of a Gold Coast company who cut their tax bills by $3.7 million through an offshore evasion scheme have been found guilty of dishonestly causing a loss to the commonwealth.
  • How to avoid forex hazards Monday, March 8, 2010 @ 5:37AMWant to start trading foreign currencies? Make sure you sidestep these pitfalls.
  • Is the Recovery Real? Friday, March 5, 2010 @ 2:53PMThere are no jobs to which people can be called back to work. The jobs have been given to the Chinese and Indians.
  • Beware the big boom Friday, March 5, 2010 @ 1:00PMA FEARFUL Australia entered 2009 bracing for an economic tsunami that never arrived.
  • HSBC sells $1.5b in kangaroo bonds Friday, March 5, 2010 @ 6:07AMHSBC Bank has tapped bond investors for $1.5b, marking the largest sale of non-government guaranteed Australian dollar bonds issued by a foreign institution in recent years.
  • Is the recovery real? Friday, March 5, 2010 @ 5:54AMHappy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over. Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation.
  • Regulators Reviewing Owner of Derby Favorite Over Loans Wednesday, March 3, 2010 @ 9:52PMKentucky and New York racing regulators are reviewing whether Ahmed Zayat has jeopardized his license to race in those states because of loans he made to two convicted bookmakers.
  • Senior Analyst Forecasts 3 - 5 Year EPS Growth Estimate Of 10% For Abbot Labs (ABT) Wednesday, March 3, 2010 @ 3:15PM67 WALL STREET, New York - March 3, 2010 - The Wall Street Transcript has just published its High-Yield Investing Strategies Report offering a timely review of the sector to serious investors and industry executives. This 74 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by ...
  • ‘Tis the season we need to be wary Tuesday, February 23, 2010 @ 7:00PMIf you see a suspicious character skulking from store to store, glancing furtively in all directions, it is probably just another panic-stricken Christmas shopper.
  • CIBER Reports Fourth Quarter and Fiscal 2009 Results Monday, February 22, 2010 @ 11:14PMGREENWOOD VILLAGE, Colo., Feb. 22 /PRNewswire-FirstCall/ -- Today CIBER, Inc.
  • Citi India bolsters equities team Monday, February 22, 2010 @ 10:17PMCiti continues on its hiring spree in India, poaching Keshav Sanghi from Reliance Equities to become deputy head of equities.
  • CIBER Reports Fourth Quarter and Fiscal 2009 Results Monday, February 22, 2010 @ 9:00PMToday CIBER, Inc. , reported fourth quarter and fiscal 2009 results.
  • CEO at heart of tomato probe charged with racketeering Monday, February 22, 2010 @ 4:30PMAccording to federal authorities in Sacramento, Salyer is alleged to have ordered payment of $390,000-worth of bribes to company executives in order to ensure they bought tomato products from his company at above-market prices.
  • Citi India expands equities team with several new hires Monday, February 22, 2010 @ 12:25PMMumbai, Feb 22 (ANI/Business Wire India): In a move highlighting the continued investment in its equities platform in India, Citigroup Global Markets India has announced a number of ignificant hires across its equities sales and execution business over the past few months.
  • New Barclays Wealth Clients now Save up to GBP30 on Each International Payment and Urgent Same Day Transfers Monday, February 22, 2010 @ 11:45AMBarclays Wealth International has introduced a limited offer for new clients enabling them to save money on online international payments and urgent same day transfers for up to 14 months*.
  • Lifestyles Of The Rich And Infamous Friday, February 19, 2010 @ 6:03PMHow to keep foreign dictators from living large in the U.S.
  • A guide avoid an IRS tax audit Wednesday, February 17, 2010 @ 4:27PMWorried about a tax audit? Maybe you should be. More Americans than ever may be subject to unwanted attention from the Internal Revenue Service this season as the government pumps billions of dollars into tax collection.
  • UPDATE:US Client Of HSBC Pleads Guilty To Hiding Offshore Assets-Source Wednesday, February 17, 2010 @ 12:22AMUPDATE:US Client Of HSBC Pleads Guilty To Hiding Offshore Assets-Source
  • U.S. HSBC client pleads guilty in tax case Tuesday, February 16, 2010 @ 10:26PMBy Kim Dixon
  • U.S. HSBC client pleads guilty in tax case Tuesday, February 16, 2010 @ 10:02PMA U.S. client of London-based HSBC pleaded guilty to conspiracy in connection with assets stashed abroad to evade taxes, part of a widening crackdown on foreign banks and their customers.
  • Taxman raises more cash from rich Tuesday, February 16, 2010 @ 9:57PMThe amount of extra tax obtained from some wealthy taxpayers has shot up by 360% in the past five years.Enquiries by a special unit of HM Revenue & Customs (HMRC) gathered an extra £373m in ...
  • Surgeon Admits Conspiring to Hide HSBC Cash From IRS (Update4) Tuesday, February 16, 2010 @ 9:45PMAndrew B. Silva , 49, admitted today he conspired with a Swiss banker and a Zurich attorney to hide a $250,000 account from the Internal Revenue Service by smuggling 26 cash payments to the U.S. The banker worked for “one of the largest international banks in the world,” with headquarters in England, according to court papers in federal court in Alexandria, Virginia.
  • Bank too slow to pay back the dough Tuesday, February 16, 2010 @ 12:55AMKATIE Smith has registered a dispute with the Financial Ombudsman Service because her bank was slow to reimburse money after money was fraudulently taken from her account.
  • Slow start, subdued trade likely for stocks Monday, February 15, 2010 @ 9:02PMAustralian shares may open slightly lower, with the US and China on holiday, providing little direction. Plus, everything you need to know for the trading day ahead.
  • How U.S. Legal Loopholes Are Aiding Money Launderers Monday, February 15, 2010 @ 7:09PMDespite stronger laws implemented after the 9/11 attacks, a Senate reports claims that African leaders are exploiting loopholes in U.S. money-laundering laws to funnel funds to secret U.S. accounts
  • Wheatley tells of tax deal Monday, February 15, 2010 @ 1:00PMMUSIC dynamo Glenn Wheatley began sending income offshore after a "public downfall" that left him with no money.
  • South Africa : Clarity Sought Amid Conflicting Signals Monday, February 15, 2010 @ 9:49AMJohannesburg — CLARITY on economic policy rather than key forecasts is likely to grab the limelight when Finance Minister Pravin Gordhan unveils his maiden budget on Wednesday.
  • CA-BUSINESS Summary Monday, February 15, 2010 @ 4:16AMORLANDO, Florida (Reuters) - Toyota Motor Corp is considering increased incentives and an extended warranty program to combat consumer concerns about a deepening product safety crisis, a source briefed on still-developing plans said on Sunday.
  • Offshore centers seek to solve bank secrecy riddle Monday, February 15, 2010 @ 12:26AMZURICH (Reuters) - European offshore centers are seeking ways to ward off relentless foreign pressure on bank secrecy that is threatening their role as financial hubs, but appeared after talks in Luxe...
  • European countries meet to solve bank secrecy riddle Monday, February 15, 2010 @ 12:22AMEuropean offshore centres are seeking ways to ward off relentless foreign pressure on bank secrecy
  • (AFX UK Focus) 2010-02-14 21:42 Offshore centres seek to solve bank secrecy riddle Sunday, February 14, 2010 @ 10:11PMBy Lisa Jucca, European Wealth Management Correspondent
  • Offshore centers seek to solve bank secrecy riddle Sunday, February 14, 2010 @ 9:54PMZURICH (Reuters) - European offshore centers are seeking ways to ward off relentless foreign pressure on bank secrecy that is threatening their role as financial hubs, but appeared after talks in Luxembourg to lack a concrete strategy.
  • Offshore centres mull bank secrecy  Sunday, February 14, 2010 @ 9:34PMEuropean offshore centres are seeking ways to ward off relentless foreign pressure on bank secrecy that is threatening their role as financial hubs, but appeared after talks in Luxembourg to lack a concrete strategy.
  • US-BUSINESS Summary Sunday, February 14, 2010 @ 1:47PMDow, S&P 500 dip on China lending curb; Nasdaq up
  • Clouds hover over tax hunt Sunday, February 14, 2010 @ 1:23PMSince Glenn Wheatley was jailed in 2007, only four other people - two Brisbane businessmen and a pair of NSW carpenters - have been convicted under $430 million operation.
  • Luxembourg summit to discuss future of bank secrecy Sunday, February 14, 2010 @ 8:58AMZURICH, SWITZERLAND - High-level talks in Luxembourg on Sunday will assess whether there is a future for what remains of bank secrecy in Europe in the face of international pressure, but offshore centers are struggling to find common ground.
  • Q+A’s Guyon Espiner Interviews Prime Minister Sunday, February 14, 2010 @ 1:19AMPoints of interest:Key revealed as owning shares in a uranium mining company; willing to divest himself of mining shares “if people want”;Time limits on benefits likely: Dole could be cut after a year, if a beneficiary isn’t “fulfilling their obligations ...
  • Kazakh tycoon’s secret deal on Prince Andrew’s house Saturday, February 13, 2010 @ 9:43PMSunninghill Park is a sorry shadow of the house it used to be when Prince Andrew and his family called it home.
  • Luxembourg summit to discuss bank secrecy fate Saturday, February 13, 2010 @ 9:36PMHigh-level talks in Luxembourg today will assess whether there is a future for what remains of bank secrecy in Europe in the face of international pressure, but offshore centres are struggling to find common ground.
  • Luxembourg summit to discuss future of bank secrecy Saturday, February 13, 2010 @ 5:27PMZURICH (Reuters) - High-level talks in Luxembourg on Sunday will assess whether there is a future for what remains of bank secrecy in Europe in the face of international pressure, but offshore centers...
  • U.S. vs. Swiss Tax Cheats: Why Was a Whistleblower Ignored? Saturday, February 13, 2010 @ 4:00PMWhen Bradley Birkenfeld turned himself in to U.S. authorities he is said to have offered to wear a wire to gather evidence against U.S. tax cheats, but was turned down. If so, why did the U.S. Government decline?
  • Fannie, Freddie Spreads Narrowest in 17 Years: Credit Markets Friday, February 12, 2010 @ 5:53PMFeb. 12 (Bloomberg) -- Traders are driving relative yields on Fannie Mae and Freddie Mac mortgage bonds that most influence the interest rates consumers pay to the lowest in 17 years, speculating cash the companies use to buy delinquent loans will be recycled back into the securities.
  • Credit Suisse Captures U.S. Client Assets Friday, February 12, 2010 @ 5:23PMCredit Suisse private bank’s Americas division, which includes Private Banking USA, added $2.9 billion in net new client assets for the fourth quarter.
  • A Caribbean Tax Holiday for U.S. Businesses Thursday, February 11, 2010 @ 10:52PMThe IRS is investigating how $100 billion a year in credit-card receipts are escaping U.S. sales and income taxes in locales like Aruba and St. Kitts
  • Payback time: Restitution hearing for Hastert victims on March 23 Thursday, February 11, 2010 @ 11:17AMLosses claimed by some victims of former mortgage broker Thomas Hastert are expected to be questioned by his court-appointed attorney, Monica Lynch, at a long-delayed restitution hearing - now scheduled to begin March 23. Sentencing is set for April 20. Lynch has said the restitution amounts used to prepare a pre-sentencing report were "exponentially higher" than what they are turning out to be ...
  • Obama Budget Seeks $1.9 Trillion Tax Rise on Richest, Business Tuesday, February 2, 2010 @ 11:59AMFeb. 2 (Bloomberg) -- The Obama administration seeks a $970 billion tax increase over the next decade on Americans earning more than $200,000 and wants to take in an additional $400 billion from businesses even as it retools a proposed crackdown on international tax-avoidance techniques.
  • Grace Reports Fourth Quarter and Full Year Results; Provides 2010 Outlook Tuesday, February 2, 2010 @ 11:00AMCOLUMBIA, Md.----W. R. Grace & Co. today announced its financial results for the fourth quarter and year ended December 31, 2009.