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Former Swiss banker charged with hiding $215 million for U.S. taxpayers

A former UBS banker has been charged for conspiring to hide more than $215 million for US taxpaying clients in undeclared Swiss accounts. Gian Gisler allegedly opened and managed more than 60 hidden accounts on behalf of over 38 US taxpaying clients, the Justice Department said. Beginning in the mid-1990s,…

Goldman Sachs sold $250 million of BP stock before spill

Firm’s stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment The brokerage firm that’s faced the most scrutiny from regulators in the past year over the shorting of mortgage related securities seems to have had good timing when it came to something…