From the category archives:

Banking

TweetThe U.S. Treasury Department recently entered into an agreement with five European countries to prevent U.S. taxpayers from dodging taxes by hiding their money in foreign accounts. Also as part of this increased effort to pursue U.S. tax dodgers who hide their money overseas, the Treasury and the Internal Revenue Service released proposed regulations to […]

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TweetThe U.S. Justice Department and various state attorneys general have entered into a deal with five major banks, Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial, in which the banks have agreed to pay $26 billion to help current and former homeowners.  The deal is the result of a probe of the major mortgage lenders in which it […]

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TweetInvestigators in the United States, Europe and Japan are looking into whether certain traders tried to influence other bank employees to manipulate crucial interest rates.  The goal of the investigation is to determine if major banks conspired to manipulate benchmark interest rates such as the London interbank offered rate (LIBOR) and the Tokyo interbank offered rate […]

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