Twenty-six of the most powerful American corporations – such as Boeing, General Electric, and Verizon – paid no federal income tax from 2008 to 2012, according to a new report detailing how Fortune 500 companies exploit tax breaks and loopholes.
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.
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.
Top 10 US bank Capital One has shocked some customers with a new contract clause which apparently allows its representatives to arrive uninvited on their doorstep. The company insists the message has been misinterpreted.
The CEO of Lloyds Bank, Antonio Horta-Osorio, will get his bonus worth $2.8 million paid in shares vested in 2019. While the CEO insists the reward was fair as the bank is “back to normal”, critics call it a “kick in the teeth of hard-working staff.”
A member of Russia’s upper parliament, Leonid Lebedev, is suing two former business partners for $2 billion, claiming he, as a majority stakeholder, didn’t receive his fair share of the $55 billion TNK-BP sale to Russian state-owned Rosneft.
Royal Dutch Shell has decided to suspend its controversial plan to drill in Alaska. The decision by a US court to uphold an appeal challenging exploration licenses in the area has eroded the project’s viability according to the company.