Now Google’s Madrid offices have been raided by police over its taxes June 30, 2016 Police have carried out a raid at Google's Madrid offices as part of a probe into its tax position. A Google spokesperson said: "We comply with the tax law in Spain, as in every other country in which we operate. We are cooperating fully with the authorities in Madrid to answer their questions, as always." [...]
Harvey Nash reveals resilience in face of Brexit vote June 30, 2016 Global recruiter Harvey Nash today revealed what it described as a "resilient" performance, adding that it was in a good position to weather Brexit uncertainty. The figures In a brief statement on its financial position released ahead of its AGM today, Harvey Nash announced that its gross profit for the four months ended May had increased [...]
Luxleaks whistleblowers handed suspended sentence June 29, 2016 Two ex-PwC employees have been found guilty on charges relating to their involvement in a leak of their firm's data, and handed suspended sentences. Antoine Deltour was given a suspended sentence of 12 months and a fine of €1,500 (£1,241), while Raphael Halet was handed a nine-month suspended sentence and a fine of €1,000 for their role in the so-called Luxleaks data leak. [...]
Goldman Sachs not eyeing up Frankfurt post-Brexit vote June 29, 2016 Banking giant Goldman Sachs has today refuted claims that the wheels are in motion to move staff to Frankfurt, following the UK's decision last week to leave the EU. There has been a significant amount of speculation recently that Brexit could result in an exodus of bankers from London, with big names moving chunks of [...]
HM Revenue & Customs (HMRC) arrests three as part of investigation into suspected £300m corporation tax scam June 29, 2016 Three men have been arrested as part of an investigation into a suspected corporation tax scam, HM Revenue & Customs (HMRC) announced today. More than 30 HMRC officers carried out morning raids on one business and three residential addresses in the West Midlands yesterday, and computers and business records were seized as part of the [...]
China and US dominate the top 10 in banking world rankings, as UK gets pushed down the league table June 29, 2016 China and the US are the leaders of the banking world, with banks from these two countries dominating a list of the top 10 banks worldwide published today. China's banks secured four out of the five top slots of the The Banker's 2016 Top 1,000 Banks list, with ICBC keeping hold of its number one slot from [...]
UK slides down world ranking of banks, with only HSBC within the top 10 for core capital June 29, 2016 The gloss has come off the UK's banking sector a little bit today, as research revealed that the country's banks had performed poorly compared with their overseas counterparts. The UK ranked only seventh in a league table compiled by trade magazine The Banker of countries by total pre-tax profits, after banks' combined profits dipped by [...]
Challenger banks creep into the worldwide ranks, but it might not be time to celebrate just yet June 29, 2016 Challengers are making their presence felt in the banking world, with two well-known names making their way into a worldwide ranking for the first time this year. According to The Banker's Top 1,000 Banks rankings for 2016, which was published today and ranks institutes by their tier one capital, Metro has placed 969th, while Sainsbury's Bank ranked at [...]
Jury has now reached a verdict for three men charged with Libor-rigging offences June 28, 2016 The jury on the most recent Libor case to go to court in the UK has arrived at a verdict for three of the men charged, but is still deliberating on the other two defendants. Former Barclays traders Stylianos Contogoulas, Jay Merchant, Alex Pabon and Ryan Reich and former Libor submitter Jonathan Mathew are all [...]
