Search Results for: UBS AG
Swiss bank UBS fined over tax evasion in French appeal
December 14th, 2021
A French court fined Swiss bank UBS 1.8 billion euros on appeal for its role in helping French residents commit tax fraud. UBS took the fight to the Paris appeals court after being initially hit with a 3.7-billion-euro fine ...
Why interest rate management fails
April 23rd, 2021
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of earlier free-market thinkers, particularly Say, Turgot and Böhm-Bawerk. It also ignores Gibson’s paradox, which ...
iSignthis: ISX’s damages claim against ASX now over $464.7m
September 1st, 2020
iSignthis Ltd (“ISX”) has now filed in the Federal Court of Australia further and better particulars of the damages which it claims against ASX Limited (“ASX”). The damages of $200.7 million relate to ASX’s decisions to suspend, and continue ...
Pound Sterling higher against Euro and Dollar
May 7th, 2020
The British Pound went higher on Thursday after the Bank of England opted to keep interest rates and its quantitative easing programme unchanged, a decision that might have surprised some market participants that were looking for more easing to ...
Airbnb cannot be treated as a real estate agency – European Court of Justice
December 27th, 2019
The European Court of Justice, Europe’s top court,delivered Airbnb a major victory as the company readies for its public debut next year. Airbnb cannot be treated as a real estate agency by European regulators, the European Court of Justice ...
Emergency action filed against a $1.7 billion unregistered digital token offering
October 15th, 2019
The Securities and Exchange Commission announced that it has filed an emergency action and obtained temporary restraining order against two offshore entities conducting an alleged unregistered, ongoing digital token offering in the U.S. and overseas that has raised more ...
Oil markets are one outage away from crisis
September 23rd, 2019
The supply disruptions in the oil market may not be over, despite volatility and prices easing in the days after the Abqaiq attack. The repairs at the Abqaiq processing facility are on an extremely tight timetable. According to Bloomberg, ...
After big jump bitcoin plunges below $4,000 again
February 25th, 2019
After finally breaking through $4,000 just yesterday the price of bitcoin staged a complete turnaround today dipping back down well below the $4,000 level. Most cryptocurrencies followed suit with a number losing double digit percentages. The Cointelegraph report Over ...
Swiss bank UBS to appeal after fined 4.5 billion euros in French tax fraud case
February 21st, 2019
A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. Shares in the Swiss bank fell as much ...
The Tragedy Of The Euro
January 11th, 2019
After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The ...
