It's a year since twelve more defendants were charged as the Australian tax investigation called Project Wickenby continued. And the Australian Federal Police make no bones about it: help anyone to evade tax and they will regard it as money laundering.
UBS has agreed to transfer its Indian back office unit, UBS India Service Centre Pvt Ltd to Cognizent, Inc. The unit employs 2,000 people in Hyderabad.
In the UK, RBS is rumoured to be considering the closure of 300 of its branches in the UK, to remove its name from, in particular, the English high street leaving National Westminster as its dominant brand. Its Coutts brand has only a few branches - and suddenly a whole lot fewer staff
Media report in Switzerland say that two private banks have substantial exposure to the Madoff investment fraud. There are more.
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