Cayman Islands
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German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles. » Read More |
When the Treasury secretary nominee was chief operating officer of Citigroup's Alternative Investments unit, the bank had over a hundred subsidiaries based in the Cayman Islands. » Read More |
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March 9- German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles. Absolute Capital, based in the Cayman Islands, managed nine hedge funds from 2004 to September 2007.
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DUBAI, March 7- Islamic fund managers in the Gulf are increasingly choosing foreign domiciles for their products, favouring their cost- efficiency and reputation for strong regulation as investors seek to avoid any suspicion of money laundering or tax evasion.
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WASHINGTON, Feb 27- The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of political brawls over the government's budget.
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*Committee votes 19-5 to send nomination to full Senate. Treasury, Jack Lew, despite some concerns about his perks from previous employers, clearing the way for a confirmation vote in the full Senate. With the 19-5 vote, about half of the panel's 11 Republicans opposed Lew's nomination, which could be brought to the Senate floor for a final vote as early as Wednesday.
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NEW YORK, Feb 20- David Einhorn, hedge fund manager and chairman of reinsurer Greenlight Capital Re Ltd, said Wednesday that the U.S. government's lawsuit against Standard& Poor's has made rating agencies vulnerable.
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*Lew: Citigroup bonus was in line with others in industry. WASHINGTON, Feb 13- Jack Lew, President Barack Obama's pick to be U.S. treasury secretary, on Wednesday defused heated questions from lawmakers about his work at Citigroup and managed to find common ground with critics over the need for tax reform.
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The top Republican lawmaker vetting Jack Lew to serve as Treasury secretary zeroed on his work at Citigroup as a possible conflict of interest.
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When the Treasury secretary nominee was chief operating officer of Citigroup's Alternative Investments unit, the bank had over a hundred subsidiaries based in the Cayman Islands.
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*Lew: Citigroup bonus was in line with others in industry. Republicans on the Senate Finance Committee blasted Lew with questions about his investment in a fund linked to the Cayman Islands and his work at Citigroup, especially a $940,000 bonus he received just before the bank got a taxpayer-funded bailout.
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*Citigroup bonus, Cayman Island investments to come up. WASHINGTON, Feb 13- The top Republican lawmaker vetting Jack Lew to serve as the U.S. treasury secretary on Wednesday zeroed in on the nominee's work as an executive at Citigroup as a possible conflict of interest for a job that would make him the nation's chief financial regulator.
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WASHINGTON, Feb 13- Jack Lew, President Barack Obama's Treasury secretary nominee, defended his decision to invest in a fund that was registered in the Cayman Islands, saying on Wednesday that he was not aware it was located in the tax haven when he made the investment.
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*Citigroup bonus, Cayman Island investments to come up. WASHINGTON, Feb 13- Jack Lew, President Barack Obama's nominee to lead the U.S. Treasury Department, faces a grilling about a big bonus he received from Citigroup and his plans for the government's finances when he testifies before a Senate panel on Wednesday.
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*US judge in Los Angeles orders Chan Ming Fon held. Los Angeles Dec 21- A former Singapore banker accused of helping "liquidate" hundreds of millions of dollars in an accounting fraud at Japan's Olympus Corp was ordered to face charges in New York after he was arrested in Los Angeles on Thursday.
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*Chan Ming Fon to appear in court on Friday. SINGAPORE/ NEW YORK, Dec 21- A former Singapore banker was arrested in Los Angeles on Thursday and accused of helping "liquidate" hundreds of millions of dollars in an accounting fraud at Olympus Corp, one of the biggest corporate scandals in Japan's history.
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*Chan Ming Fon to appear in U.S. federal court on Friday. Dec 20- A former Singapore banker was arrested in Los Angeles on Thursday and accused of helping "liquidate" hundreds of millions of dollars in the Olympus Corp accounting scandal, one of the biggest corporate frauds in Japan's history.
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*Chan Ming Fon arrested in Los Angeles, to appear in US federal court. Dec 20- Banker Chan Ming Fon was arrested in Los Angeles on Thursday and accused of helping "liquidate" hundreds of millions of dollars in the Olympus Corp accounting scandal, one of the worst corporate frauds in Japan's history.
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GEORGE TOWN, Cayman Islands, Dec 19- The Cayman Islands' governor appointed Deputy Premier Julianna O'Connor-Connolly as premier of the British Caribbean territory on Wednesday, refusing a request by the ousted premier to dissolve parliament and call early elections.
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GEORGE TOWN, Cayman Islands, Dec 18- Lawmakers in the Cayman Islands passed a vote of no confidence on Tuesday ousting embattled Premier McKeeva Bush from office one week after he was arrested on suspicion of corruption.
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GEORGE TOWN, Cayman Islands, Dec 18- Lawmakers in the Cayman Islands passed a vote of no confidence on Tuesday ousting embattled Premier McKeeva Bush from office one week after he was arrested on suspicion of corruption.
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GEORGE TOWN, Cayman Islands, Dec 18- Five lawmakers from the Cayman Islands' ruling party joined the opposition in calling for a no-confidence vote that appeared likely to oust embattled Premier McKeeva Bush on Tuesday. The Legislative Assembly was scheduled to meet in a special session to debate the matter at 3 p.m. EST.