Standard Chartered has dropped its support for an off-balance sheet
investment vehicle, putting the SIV into the hands of receivers Deloitte.
The bank had pledged to support the SIV, Whistlejacket, and bring it on
balance sheet, but said yesterday that its offer of liquidity only stood where
the asset values were higher than the threshold value of 95%.
FT reported that Deloitte are expected to be the receiver.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements