Archive for April 2009

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U.S. Banking: The End Of The Nightmare?

Seven months after the financial earthquake that shook Wall Street, after the collapse of Lehman Brothers, large U.S. banks begin to talk about profit growth and solid earnings for 2009. Jaime Dimon, CEO of JPMorgan Chase, is proud of the performance of his bank, and says that he can now return the 25,000 million dollars [...]

Tax Havens: The Worst Are Not Those You May Think.

During the last G20 summit held in London in April 2009, participant countries agreed, among other measures, to strengthen international cooperation in order to get rid of tax havens (aka “fiscal paradises”). According to the U.S. Government Accountability Office, a tax haven could be defined by the following statements: no taxes or only nominal taxes [...]