Tag Archives: UBS

UBS Libor Conspiracy — Foreign Subsidiary Pleads Guilty — Why Not the Parent Corp. Also?

A Japanese subsidiary of the Swiss bank UBS plead guilty for conspiring to fix LIBOR rates. The concern among many is why the Justice Dept. did not also insist on a similar plea by its parent Swiss corporation. “UBS Admits … Continue reading

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Tax Havens, Foreign Corruption and Bank Secrecy — One Big Global Problem — Better U.S. Corporate Oversight Needed.

Recent developments concerning disclosure of Apple’s alleged sheltering of $7 trillion dollars in offshore tax havens and Wal-Mart’s foreign bribery scandal in Mexico raise three inter-related issues: tax havens, foreign corruption, and offshore banking secrecy. Together these issues  feed into grave global … Continue reading

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