Site Loader
Investment

UBS Back In The News: Tax Evasion Scheme, LIBOR, and Arbitrage Fraud

UBS has confirmed it is being investigated by US authorities into whether it helped Americans evade taxes through investments banned in the US. The Swiss bank said US regulators were investigating potential sales of so called “bearer bonds”. These bonds can be transferred without registering ownership, enabling wealthy clients to potentially hide assets. The fresh investigation by the US Attorney’s Office for the Eastern District of New York and from the US Securities and Exchange Commission comes after UBS paid $780m (£512m) in 2009 to settle a separate Justice Department tax-evasion probe.

Global

FCC To Propose Strong Net Neutrality Rules

In an extraordinary turn of events, the U.S. Federal Communications Commission appears set to implement strong new rules, later this month to enforce Net Neutrality on the Internet. If the new rules are implemented, it will have major favorable implications for future global Internet policy with the International Telecommunications Union in Geneva, Switzerland. This means simply that all traffic on the Internet will be treated equally and fairly, which is one of the founding principles of the Internet, since its invention by Sir Tim Berners-Lee, Vin Cerf and others back in the 1980’s.

Clean tech

Preparing For The Long Term Consequences In Texas And Western Canada

The growing downturn in the fossil fuels industry has extraordinary implications globally. While some are proposing theories that this downturn will be short-lived, there simply isn’t much evidence to support an optimistic forecast. Saudi Arabia is openly executing a long term strategy to squeeze “high cost oil producers,” using its unquestioned leverage and the lowest production costs in the World. Europe is facing potential deflation, and the current European recession is forcing the European Central Bank to begin “quantitative easing,” beginning this week, essentially printing money. The Russian economy is in shambles as the ruble weakens, something Putin did not plan on occurring. The Chinese economy has weakened sharply and will likely remain weak into the near foreseeable future. Meanwhile Canada is at the mercy of these global forces, with little in the way of economic reserves to defend its economy, having bet the entire Canadian economy on oil.

Global

NSA Spying Is Freezing Cisco, Google And Other Companies Out of Trillion Dollar Global Market

The good news today is Cisco’s new focus on the Internet of Things, which I have been reporting as the new Mega Global Market War. But frankly, the damage to U.S. companies like Cisco Systems by the NSA spying scandal has been catastrophic. Not only Cisco, but Google’s strategy to become a global Internet Service Provider, Yahoo, and Facebook are all affected.

Global

LIBOR 2: 15 Biggest Global Banks Face New Foreign Exchange Fraud Probe

It appears that international banking fraud and market manipulation continues unabated. The newest scandal brewing involves Swiss, British and American banks manipulating foreign currency exchange rates. The LIBOR fraud scandal has apparently done nothing to improve the ethics of the global financial services industry.
Less than two weeks ago I posted on this blog the revelation that banking authorities in Switzerland had opened an investigation into foreign exchange (arbitrage) fraud by Swiss banks. My report went on to say that the investigation was uncovering implications of broader involvement of banking institutions outside of Switzerland. Today, the Financial Times in London published an explosive article naming 15 global banks now implicated in the expanding investigation of global foreign exchange fraud and manipulation.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 280 other subscribers

Category Cloud

5G advanced semiconductor technology Alberta Anonymous Argumentation & Debate Artificial Intelligence Asia Augmented Reality autonomous vehicles Banking and Investment Big Data Big Ideas Blockchain Brazil British Columbia Business Ethics Canada Canadian innovation Canadian venture capital Carbon Career Development Charlie Hebdo China China Clean tech Climate Change Research Communication Computer graphics Corporate Culture Corporate Fraud Corporate governance Cryptocurrencies Cuisine cyber attacks Cyber Intelligence Data Analytics Database Architecture Database Management Data Centers Data mining Derivatives Digital Currencies Donald Trump e-commerce Earth Hour Economy Education Enactus Energy Efficiency Energy Harvesting Energy harvesting Entrepreneurship entrepreneurship@UBC Environment and Lifestyle eReaders Espionage Ethics Europe existentialism Faculty of Management Financial markets Flash trading Flywheel Foreign Exchange France France and My French Culture French Tech Gaming gender issues Global Global Climate Change Global Culture Globalizatgion Globalization Global politics Global Populism Google Hacking Higher Education hippies Home automation home automation Housing market Human Resources India Industry Analysis Industry Standards Industry Trade Shows Innovation Interactive TV International Business International Relations Internet infrastructure Internet Infrastructure Internet of Things Internet Privacy Internet Security Internet Traffic Policy Management Investment IoT ISIS IT Management Jazz Julian Assange La French Tech Law Enforcement Leadership LIBOR life Lyft management Marketing Mayo615 Technology Partners memristors Mergers & Acquisitions Mobile Mobile OS Monopoly Montana Near field communication Negotiation Net Neutrality New Zealand New Zealand NSA Nuclear Fusion Online Education PC PC Personal Stuff Photography Physics Politics Privacy Product Marketing Product Vision Provence public relations Quantum computing quantum computing quantum encryption Quantum physics Quantum physics Racism Renewable Energy RFID ride sharing Rugby Rugby League Rugby Union Russia San Francisco 49'ers San Francisco Bay Area San Francisco Giants Sauder School of Business Science and Technology Search Engine Optimization Semiconductors sexual harrassment Sharing Economy Silicon Valley Silicon Valley Culture Smart Grid Smart meter Smart Mobile Social entrepreneurship social media Social Media Social Media Marketing Software Development Strategic Inflection Points Strategy Sub-prime mortgage Super Bowl Supercomputers Surfing Sustainability Tax havens Technology Assessment Telecommunications Terrorism The Cloud The Cloud Total Online Presence Travis Kalanick UBC Uber Uncategorized United States User Interface Vancouver Venture Capital venture capital Videoconferencing Virtual Reality Water Wifi Wikileaks Wine wireless data communication World Series World Wide Web
ArabicChinese (Simplified)DutchEnglishFrenchGermanHindiJapaneseKoreanSpanish