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Swiss Bank UBS To Disclose 4,000+ Tax Cheats
Switzerland picture
“The Swiss banking giant UBS on Wednesday reached a final deal with the Justice Department and the Internal Revenue Service in which it will ultimately disclose names and account details for more than 4,450 wealthy Americans suspected of tax evasion.” Link
Mafia Boom In Italy As Economy Weakens
“Italian banks, which for years had been widely criticized for lending sparingly to small and medium-size businesses, now have ‘absolutely closed the purse strings,’ said Gian Maria Fara, the president of Eurispes, a private research institute. That is great news for loan sharks. Confesercenti, the national shopkeepers association, estimates that 180,000 businesses recently have turned to them in desperation. ” [Link]