New York court rejects claim against UBS

HSH said it suffered “near-total” losses on a $500m collateralised debt obligation bought from UBS in 2002 when the US real estate market collapsed. It alleged the Swiss bank had deliberately selected mortgage bonds at high risk of default.


Global manhunt is on for Chinese rogue banker

The Ministry of Public Security has issued an arrest warrant for Sun Feng, the former head of the Yaosai branch of the Agricultural Bank of China in Jiangyin in East China's Jiangsu province.


I-T pulls up HSBC Bank in black money cases

The Income Tax (I-T) department is said to be mulling over prosecution against the HSBC bank for allegedly being the conduit for Indians in stashing money abroad.


Buy-to-let landlords are sitting on a 'tax timebomb’

Never mind how Budget 2012 might affect a relatively small number of millionaires using offshore companies to avoid Stamp Duty. Here and now, accountants say thousands of buy-to-let landlords are sitting on a “tax timebomb”.


Dorset yacht broker jailed for £210,000 VAT fraud

HMRC investigators discovered that Williams charged VAT to UK customers, but failed to pass the money to HMRC on six occasions. This fraud totalled £209,225.10. The total VAT inclusive price of the six motor cruisers was £1.4 million (£1


Credit Suisse says bank to meet regulations

Credit Suisse, based in Zurich, and larger Swiss rival UBS AG (UBSN) are under pressure from the nation’s regulators to meet capital requirements that go beyond those faced by international competitors.


Risks are increasing in quantity and severity - PwC

While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top


Thomas Eggar ranked in Top 25 Most Admired

Thomas Eggar’s expert private client team provides a broad range of specialist legal and tax support to individuals in areas including family, wealth planning and tax & trusts.