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

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.

Industry Analysis

The Task One iPhone Case: A Case Study of Mobile Market Excess?

Tonight I was channel surfing and stumbled on the Task One iPhone Case in a TV News feature story from an outfit called Task Labs.. Their website is up but not complete. It still has the Latin text of an incomplete webpage template, but you can buy it online if you wish. I want to emphasize that I wish to be completely fair here. I am a dedicated Swiss Army Knife aficionado and a dedicated smart mobile user. I have a simple version of a Swiss Army Knife with a corkscrew in my pocket as I write this. A corkscrew is one of my mandatory survival tools (smile). I have followed the Wall Street Journal coverage of the merger of the two Swiss companies that produce the knives. It is a great story and a great product. I have the full Boy Scout version in my tool drawer. The Task Labs people should also remember the tried and true publicity adage, “Any PR is good PR.”

Subscribe to Blog via Email

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

Join 338 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 Covid-19 Cryptocurrencies Cuisine cyber attacks Cyber Intelligence Data Analytics Database Architecture Database Management Data Centers Data mining Derivatives Digital Currencies Donald Trump e-commerce e-learning Earth Hour Economy 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 home office 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 Mayo615 Technology Partners memristors Mergers & Acquisitions Mobile Mobile OS Monopoly Montana Near field communication Negotiation Net Neutrality New Zealand New Zealand Economy 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 telecommuting Terrorism The Cloud The Cloud Total Online Presence Travis Kalanick UBC Uber Uncategorized United States User Interface Vancouver Venture Capital venture capital Videoconferencing video conferencing Virtual Reality Water Wifi Wikileaks Wine wireless data communication Work From Home World Wide Web
ArabicChinese (Simplified)DutchEnglishFrenchGermanHindiJapaneseKoreanSpanish