U.S. Reportedly Opens Investigation of Goldman Sachs

Various news organizations are reporting today that the U.S. Attorney for the Southern District of New York has begun an investigation of Wall Street banking giant Goldman Sachs. The reports state that the investigation resulted from a Securities and Exchange Commission referral of possible criminal activity by the bank. The SEC brought a civil enforcement […]

UBS to Notify Customers of IRS Interest

Swiss banking giant UBS will notify customers if their accounts are of interest to the IRS in its investigation of tax evasion through the use of UBS accounts. Based upon a previous agreement between the bank and the U.S. Department of Justice, UBS had agreed to supply banking information for 4500 of its American account […]