U.K. Officials to Question U.S. Companies on Taxes
American executives from Amazon, Google and Starbucks were to be on the hot seat in Britain on Monday as they faced questioning by U.K. tax authorities over how they managed to pay so little tax on earnings that amounted to billions.
RBS Next to be Fined in LIBOR-Rigging Scheme
The inquiry into a LIBOR-rigging scheme looks set to claim another quarry as RBS will reportedly be fined about 150 million pounds.
Britain's Caledonia Buys Offshore Hedge Fund Operator
LONDON (HedgeWorld.com)--Liberty Ermitage Jersey Limited, one of Europe's oldest and biggest offshore hedge funds, is being sold by its parent, South African insurer Liberty Group, for up to $71 million to a new joint venture 60% owned by Caledonia Investments plc, with the remainder held by Ermitage management. The deal...