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Business Institutions

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  • Federal Reserve nominee Stanley Fischer defends Citigroup tenure

    Federal Reserve nominee Stanley Fischer defends Citigroup tenure
    WASHINGTON -- Stanley Fischer, the former Bank of Israel president nominated for the Federal Reserve's No. 2 job, defended his work on Wall Street and told senators at his confirmation hearing Thursday that he understood the effect of economic problems on average Americans.
  • Senate probe accuses Swiss bank of helping rich Americans evade taxes

     Senate probe accuses Swiss bank of helping rich Americans evade taxes
    WASHINGTON — A Senate subcommittee investigation accused Swiss banking giant Credit Suisse of using elaborate "cloak and dagger" methods to hide the accounts of 22,000 wealthy American citizens with a total of up to $12 billion in assets from U.S....

    Senate probe accuses Swiss bank of helping rich Americans evade taxes

    Senate probe accuses Swiss bank of helping rich Americans evade taxes
    WASHINGTON — A Senate subcommittee investigation accused Swiss banking giant Credit Suisse of using elaborate “cloak-and-dagger” methods to hide the accounts of 22,000 wealthy American citizens with a total of up to $12 billion in assets...

    EU is troubled by new Fed rules for foreign banks operating in U.S.

    EU is troubled by new Fed rules for foreign banks operating in U.S.
    A top European Union regulator raised concerns Wednesday that new Federal Reserve rules for foreign banks operating in the U.S. could place an unfair burden on EU financial firms. The Fed's Board of Governors now requires Barclays, Deutsche Bank and...

    European regulator concerned about new Fed rules for foreign banks

    European regulator concerned about new Fed rules for foreign banks
    A top European Union regulator raised concerns Wednesday about new Federal Reserve rules for foreign banks operating in the U.S., complaining the requirements were adopted unilaterally and could place an unfair burden on EU financial firms. "We will...