The European Commission has proposed an 11 billion euro helping hand to cash-strapped Ukraine. European Commission President Jose Barroso said Kiev will get the money if it agrees a deal with the IMF, which normally includes drastic austerity measures.
Britain’s tax authority is to stop charging value-added tax (VAT) on Bitcoin transactions. It's just a couple of days after one of the world’s biggest exchanges Mt. Gox collapsed, which has added to growing worldwide skepticism about the currency.
The United States Department of Justice this week unsealed its third indictment in four months against Lauri Love, a United Kingdom resident now accused of hacking into a computer system used by the US Federal Reserve.
The Swiss financial regulator FINMA says the assets of Ukraine’s ousted President Viktor Yanukovich, his son Oleksander, and 18 other Ukrainians have been frozen. The assets, which Yanukovich denies having, were blocked as of 12:00 CET on Friday.
Having spent all the money they can possibly borrow, the West’s rapacious governments are, like a drug-addled addict, desperate for more. To that end, taxes are on the up and a mantra of wealth redistribution is at the top of political wish lists.
Kaspersky Labs is reporting an incredible 20-fold explosion in the theft of financial details from mobile devices. Fully 98 percent of malware is breaching banking apps made for Google’s Android OS platform, the IT security company says.
European lawmakers are calling into question the ability of the Troika to effectively deal with the crisis, and many are attacking its methods. An investigation report due in April will look at the handling of the Greek sovereign debt debacle.
US regulators are after Credit Suisse, Switzerland’s second-largest bank for helping Americans conceal as much as $10bn from US tax authorities. The bank's CEO maintains only a few officials are to blame for helping Americans dodge taxes.
JPMorgan Chase, the biggest US bank, has announced plans to get rid of 8,000 jobs in mortgage and consumer banking in 2014. Its home loan business is shrinking, and the bank wants to control branch costs.
The source behind the Twitter handle @GSElevator Gossip, which chronicles ‘overheard’ elevator conversations at Goldman Sachs, is not actually a Wall Street insider, and not even an employee, US media has revealed.