In 1970, Congress passed the Bank Secrecy Act which was pretty much the first law on the books in the US to require banks and
Read MoreTag: banks
First UBS, Now HSBC?
You knew that it would be just a matter of time before the IRS set its sights on a new bank. Fresh off of victories
Read MoreI Told You So.
So, I don’t say that on the blog very often (though my brothers would likely tell a different story from our years at home). But
Read MoreBrits Will Greenlight Bank Tax In Spite of G-20
Despite opposition from the G-20 to a global bank tax, the UK will move ahead with its own version of the tax. Chancellor George Osborne
Read MoreSupport Growing For Bank Tax
As the headlines continue to batter Wall Street this week (my favorite story du jour being this one from CNN: “SEC staffers watched porn as
Read MoreBig Banks Move On… With A Little Help From Their Friends?
Wells Fargo announced early this week that it will repay $25 billion received under the Troubled Asset Relief Program (TARP). The announcement comes on the
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