Sebi bans Cayman Islands-based hedge fund in insider-trading case
BS Reporter/Mumbai From Smart Investor Unearthing a major case of insider trading in the shares of L&T Finance Holdings (LTFH), the Securities & Exchange Board of India (Sebi) on Thursday barred Factorial Master Fund, a Cayman Islands-based hedge fund, from…
Credit Suisse, US ‘in tax probe payment talks’
From Taipei Times Credit Suisse Group AG is in talks with the US Department of Justice (DOJ) to pay as much as US$1.6 billion to resolve an investigation into the bank’s role in helping US citizens evade taxes, a person…
Brady Dougan says he was unaware of tax evasion
From JD Journal According to Bloomberg News, Chief Executive Officer Brady Dougan of the Credit Suisse Group is accused of helping clients hide billions of dollars from the Internal Revenue Service, and has now shifted the blame onto a group…
Tax evasion controversy shifts east
By Matthew Allen in Singapore and Zurich, swissinfo.ch Having taken over the mantle of the world’s fastest growing wealth management magnet from Switzerland, Singapore should now take centre stage in bringing the industry out of the shadows, according to an…
