lower-tax

Barclays fined for lax crime checks in ‘deal of century’

By Steve Slater and Huw Jones LONDON (Reuters) – Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the “deal of the century.” Barclays arranged the 1.9 billion pound transaction in 2011 and 2012 for a number of rich clients deemed by the regulator to be politically exposed persons (PEPs), or people holding prominent positions that could be open to financial abuse. “Barclays did not follow …

Here is the original post:
Barclays fined for lax crime checks in ‘deal of century’

lower-tax

Thanksgiving shopping crowds ‘good not great’; online sales strong

PITTSBURGH/CHICAGO (Reuters) – Retailers across the United States offered early Black Friday discounts to lure bargain-hunters on Thanksgiving eve, but initial checks showed crowds in brick-and-mortar stores were subdued even as online sales jumped. “It's still early, and from what we are seeing so far the crowds are good but not…

Original post:
Thanksgiving shopping crowds ‘good not great’; online sales strong

lower-tax

Two-decade Pfizer mission pays off for Guggenheim’s deal king

LONDON/NEW YORK (Reuters) – Alan Schwartz knows how to play a long game. The executive chairman of boutique investment bank Guggenheim Partners spent almost 20 years cultivating Pfizer boss Ian Read as a client. Schwartz, 65, had been working with Read since 2013 to find a European-registered company with which U.S. firm Pfizer could combine and shift its headquarters to a country with a lower tax rate, so

See original here:
Two-decade Pfizer mission pays off for Guggenheim’s deal king