 |
HSBC, Credit Suisse in tax probe
THE US Department of Justice has expanded its criminal investigation into foreign banks that sell offshore private banking services to include Credit Suisse and HSBC Holdings, The New York Times said, citing people briefed on the matter.
The investigation into the two European firms stems from a US tax probe into whether Swiss banking giant UBS helped wealthy Americans dodge taxes through accounts in Switzerland. ... more |
|
Other stories
World stocks tumble
Tokyo closed down 6.35 per cent. -AFP
Sats in S'pore Food takeover
Sats will buy state investor Temasek Holdings' 70 per cent stake in Singapore Food Industries. -Reuters
Japan unveils new steps
The central bank on Tuesday announced new measures aimed at tackling a worsening credit crunch. -AFP
Toyota to cut bonuses, output as sales slump
Toyota Motor Corp cuts management bonuses and plans to reduce production further in Japan. -Reuters
Oil drops 9% to US$49
US crude settles at lowest level since May 2005. -Reuters
Crisis hits corporate meetings
Companies seek to cut back on expenditure by reducing the number of conferences they hold. -Reuters
US automakers rush to finish plans for Congress
Plans are expected to cap executive compensation while pointing toward new concessions expected from the UAW.
US retailers face bleak sales season
Early rush, repeat trips and heavier online volumes not helping as margins are squeezed. -Reuters
Grads scramble for jobs
Students in the world's second-largest economy could face a rude awakening as the global financial crisis hits Japan.
|
