Division of a major bank in Switzerland will pay to the USA government a fine of $ 99 million to settle the case to the complicity of American citizens in tax evasion, – reports The Wall Street Journal.
In its defense, the bank’s representatives said that their establishment has never been support those who violated tax laws. But at the same time, they added that some customers of the bank can provide them with incomplete information about their citizenship and liabilities in the tax area. Therefore, the bank could simply be ignorant fully about those customers and could not speculate about how truthful was the provided information.
The amount to pay a fine allocated of bank reserves, and this will not affect its financial condition, say the representatives of the bank.
After the incident, the USA Justice Department started an inquiry of other financial institutions operating in Switzerland, and some of them have also been fined for fraud in the field of tax legislation.
It is not the first time when the French bank Credit Agricole is penalized by the United States government. In the autumn of 2015, the Bank has been accused by the government of America that it had violated the sanctions provisions, namely illegally transfer money to the Iranian and Sudanese accounts (which are under USA sanctions) by the Credit Agricole branch offices in the United States. Then, the bank had to pay a fine of $ 800 million in order to settle that case. Recognition of the fault in this case helped the bank to avoid a criminal responsibility and to manage only cash payments.
Airbus has published detailed information of three conceptual of the passenger`s plane called ZEROe with hydrogen fuel, stating that it can be put into operation by 2035. The three aircraft differ in size and design, one will have a range of more than 2,000 nautical miles and the ability to carry from 120 to 200 […]
German airline Deutsche Lufthansa AG on Monday took the third package of measures restructuring of business because of poor dynamic aviation market recovery, according to a press release. “Forecasts for international flights have deteriorated significantly in recent weeks. With the end of the summer holiday season, the number of passengers and bookings is declining again […]
The American information technology giant of Microsoft intends to buy the creator and developer of games ZeniMax Media for $ 7.5 billion. “On Monday, Microsoft announced plans to acquire ZeniMax Media, parent company for Bethesda Softworks, one of the world’s largest private developers and game publishers … Under the terms of the agreement, Microsoft will […]
Beijing believes that the terms of the agreement of selling the US division of TikTok to Oracle and Walmart threaten China’s national security. According to Reuters, referring to the Chinese the Global Times, Beijing will not accept such conditions. At the same time, there has been no official government statement on the issue yet. The […]
Intel has received licenses from US regulators to continue supplying certain products to Huawei Technologies. The list of products is not specified. Due to the significant deterioration of relations between the United States and China, Washington is putting pressure on the governments around the world to oust Huawei from the market. The US government claims […]
Panasonic has announced plans to invest $ 150 million in machine learning technology and artificial intelligence systems based on neural networks. The Japanese electronics manufacturer plans to invest part of the funds allocated under the venture fund Conductive Ventures II in promising developers of software and equipment for various industries, incl. autopilot, finance, digital healthcare, […]
Before the fall of the economy in the second quarter of 11.4% led to strict quarantine restrictions and declining demand, as well as reduced investment. This is stated in the report of the National Bank. “The main factor in the deepening decline in GDP was expected to be a reduction in domestic demand. It is […]
Quotes of some international banks began to fall after the leakage of FinCEN files. This was reported by the publication Ukrainian Capital with reference to the auction data. The files contain information on suspicious transactions worth $ 2 trillion through the world’s largest banks. Shares of Deutsche Bank, which, according to FinCEN files, conducted transactions […]
There are no grounds for devaluation of the hryvnia to UAH 30 / $. This was stated by Finance Minister, Serhiy Marchenko in an interview with Focus. “I do not see the preconditions for the course to reach such a value. And I do not see any tools with which anyone can influence the course […]Next
“Petrikov milk” dairy complex got the status of a pedigree farm on breeding Holstein cattle in the area of ??dairy cattle breeding, said the press service of the UkrAgroCom and Hermes-Trading, which owns the complex. This status is assigned to the order of the Ministry of Agrarian Policy and Food of Ukraine on December 30, […]Next
International company Luxoft (the headquarters – Zug), which develops software and is engaged in the export of IT – services, announced its intentions to buy leading IT – company from Ukraine – IntroPro LLC. It is reported by Ukrainian source Inventure. With regard to the financial terms of the deal – its nuances were not […]Next
Company Naftohaz Ukraine has analyzed the alternatives to sale the foreign assets, but there is no a buyer for it. According to the director of the company Andrii Kobolev, the true reason for this is a low profitability of Ukrainian Naftohaz assets in Egypt. It is reported by UNIAN. Kobolev said that it is not […]Next
National Bank of Ukraine adopted a decision to revoke the banking license and liquidate the PJSC CB “Premium” for violation of banking legislation in the sphere of financial monitoring. This is stated in the resolution of the National Bank № 68 / BT, dated February 10, 2016, said the press service of the regulator. “The […]Next
Shares of Starbucks have lost more than 15% since the beginning of the year, rose 5.7% after the publication of the results of the 3rd quarter, which ended on June 28, and forecasts for the 4th quarter and the whole of 2020. For Starbucks, as for the entire global restaurant market, the three months from […]Next
Warren Buffett’s US company – Berkshire Hathaway intends to invest more than $ 570 million in Snowflake, a cloud technology company. It was reported after Snowflake announced a price range for its future initial public offering. The company wants to get the estimate of $ 23.7 billion, writes the Financial Times. Snowflake said that during […]Next
Shares of Moderna that up to 252.6% since the beginning of the year, increased by 9% before the opening of trading on Wednesday against the backdrop of President Donald Trump signing a major government agreement with the company to supply 100 million doses of its mRNA-1273 vaccine against COVID-19. According to a Moderna press release […]Next
On Sunday, Dominion Energy, one of the largest energy companies in the United States, announced a final agreement to sell virtually all of its assets in the gas transportation and storage segment of Berkshire Hathaway Inc. under a deal valued at $9.7 billion, including its current debt of $5.7 billion. The deal with Dominion will […]Next
14 famous international airlines, such as British Airways, Air France-KLM, Qantas Airways, Air Canada, etc., were accused of cartel in the area of ??cargo and had to pay a fine of € 790 million. The European court of general jurisdiction, the second most important court in the EU, in its verdict says that the decision, […]Next
Top managers of Ukrainian business are in no haste to predict the trends in the development of Ukrainian economy in 2017. Exactly about it reported the president of EEMEA Jacobs Douwe Egberts Taras Lukachuk on Thursday, January 26 on General meeting of European Business Association: Business climate in Ukraine, a global review (Ukraine’s Business Climate-Global […]Next
According to Bloomberg sources, state oil company Saudi Aramco of Saudi Arabia has stopped investing in a project of building oil refinery and petrochemical complex in China, estimated at $ 10 billion. The decision to terminate the investment was made after talks with Chinese partners and it is associated with high uncertainty about the prospects […]Next
One of the most famous car companies will get a multi-million fine for concealment of information in the financial statements for regulators. The supervisory authorities in the US announced that they intend to impose a fine on US-Italian concern Fiat Chrysler in the amount of $ 70 million for a significant underestimation of the number […]Next
Pechersk District Court of Kyiv satisfied the petition of the Main Investigation Department investigators of Natspolitsiia and arrested the property of the former ruler of PJSC City Commercial Bank (CityCommerce Bank). Such a decision the court took on January 12 this year. According to the document, the former ruler of the bank is suspected of […]Next
Union of the two big companies will create a major new giant in the consumer sector in the USA. According to analysts, the company will receive an annual income for more than $ 16 billion. The public learned about the unification of the companies at the beginning of December 2015. Newell Rubbermaid owns the brand […]Next
The editorial office of our magazine has already repeatedly mentioned a subject of investments in the publications. Even, if you aren’t ready to invest the money in a new perspective or the existing and stable project, understanding of general tendencies of the market for any entrepreneur now – for a beginner or an experienced person is the […]Next