Search Results for: David Cameron
US tax havens – the new Switzerland
May 9th, 2016
America is a magnet for offshore wealth, notably South Dakota, which has guaranteed secrecy In an old discount store hugging a corner in downtown Sioux Falls, South Dakota, the heirs to the William Wrigley chewing gum fortune have an office for ...
EU referendum: Seven Brexit myths debunked by economists
April 22nd, 2016
With so many unknowns going into the EU referendum, there have been plenty of claims and counter-claims being made about the impact leaving the union could have on the UK. Economists at Berenberg claim the debate has been “shrouded in myths, ...
Swiss banker whistleblower: CIA behind Panama Papers
April 13th, 2016
Bradley Birkenfeld is the most significant financial whistleblower of all time, so you might think he’d be cheering on the disclosures in the new Panama Papers leaks. But today, Birkenfeld is raising questions about the source of the information ...
Panama Papers: Mossack Fonseca office raided
April 13th, 2016
The offices of Panama-based law firm Mossack Fonseca were raided late Tuesday by crime prosecutors, who searched for evidence of money laundering and illegal activities, reports said. The law firm has been at the centre of a global controversy, ...
Banks told to declare links to Panama Papers law firm by next week
April 8th, 2016
Banks and financial firms have been told to hand over any information about their dealings with the law firm at the centre of the Panama Papers to the UK’s Financial Conduct Authority by a week on Friday. The City regulator had ...
Mark Carney: EU exit is ‘biggest domestic risk’
March 9th, 2016
The possibility of Britain leaving the EU is the “biggest domestic risk to financial stability”, Bank of England governor Mark Carney has said. He told the Treasury Committee that an exit vote could create economic uncertainty, although he added ...
UK EU exit would be global economy ‘shock’ – G20 leaders
February 29th, 2016
Finance ministers from the world’s leading economies have warned of a “shock” to the global economy if the UK leaves the EU. The ministers gave their opinion in a statement released at the end of a two-day meeting of ...
Brexit could wipe 20% off sterling: HSBC
February 25th, 2016
Separating from the European Union could trigger a 20 percent drop in sterling and shave 1.5 percentage points off the British economy, HSBC has warned. The doom-laden report released Wednesday outlined the worst-case scenario if voters were to approve a ...
HSBC Posts 4th-Quarter Loss and Comes Under S.E.C. Scrutiny
February 23rd, 2016
HSBC said on Monday that it lost money in the fourth quarter and warned that it was being investigated for hiring candidates with ties to government officials in the Asia-Pacific region. The lender, which is based in Britain but generates ...
Asian shares consolidate, oil swings higher
February 17th, 2016
Asian shares were taking a breather on Wednesday after two sessions of solid gains, while oil prices swung higher as the market reconsidered the chances of a meaningful deal to restrict supply later in the year. The mood was ...
