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(3 February 2010 – Europe) Chancellor Angela Merkel has said that the German government is considering paying for stolen secret account data pertaining to its citizen’s alleged tax evasion in Switzerland.
(27 January 2010 – Australia) Macquarie Group has ‘strongly rejected’ claims made by the Sydney Morning Herald’s business columnist, Ian Verrender, that in 2008 the investment bank ‘was in danger of collapse’.
(27 January 2010 – Europe) The waging war between Swiss bank UBS and United States tax authorities, which appeared to be settled after a court ruling last year, has now taken another avenue after a Swiss court ruled in favour of an appealing US client of UBS’s.
(25 January 2010 – USA) Five financial institutions have filed a class action lawsuit against two acquiring banks involved in the Heartland Payment Systems data breach, the largest data breach in history, claiming they also share responsibility for the damages.
(16 December 2009 – Australia) The 273 Great Southern investors that have stopped repaying their loans, to Bendigo and Adelaide Bank, have reached an agreement that sees their details withheld from being blacklisted over the holiday period.
(14 December 2009 – Australia) ANZ could be set to engage in a fight with the liquidators of failed margin lender, Primebroker Securities over, A$100 million.
(9 December 2009 – Europe) Switzerland’s UBS has lifted a ban made in April stopping Swiss-based client advisors travelling abroad.
(4 December 2009 – Australia) Bendigo and Adelaide Bank has been threatened by a law firm to remove customers’ names from Veda Advantage, a credit rating agency, but the bank believes it is well within the Debt Collection guidelines; and will continue to chase the A$510 million owed by Great Southern’s defaulting customers.
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