Britain’s financial authorities are investigating HSBC over a tax haven in Jersey, the largest island in the English Channel, with its own tax system. After a whistle-blower sounded code red, Britain’s tax authority as looking into over 4,000 accounts in Jersey, belonging to British clients. The list, apparently includes, wait for it…a drug dealer and a man convicted of possessing more than 300 weapons at his home in the south of England, which is kinda excessive even for US standards. HSBC is Britain’s largest bank, and guess what! it is already part of an investigation into money laundering. HSBC actually, set aside an additional $800 million to cover potential fines from the money-laundering case, bringing the total to $1.5 billion. Don’t you just love it how banks can just set aside 1.5 billion dollars to cover the fines for their indiscretion…some people would see this as capitalism at its worst.
US Seal Team 6, that very same team that tracked down Bin Laden in Pakistan, were punished over a video game. For playing to much you may ask? Nooo…for revealng secrets of their mission to the video game makers of Medal of Honor: Warfighter. Working as paid consultants, they were charged with violation of orders, misuse of command gear, dereliction of duty and disclosure of classified material. According to the game makers, they were not trying to recreate the Bin Laden raid (yeah right) but make raids appear as realistic as possible. It is as of yet unknown, what classified secrets the soldiers unveiled, but they reportedly used material from the US Navy. Their punishment? No pay for two months. I am sure Medal of Honor pay, more than made up for that loss.
CArl Icahn, billionaire activist investor is eyeing a possible takeover of Netflix. He already owns a stake of almost 10% of Netflix shares and apparently he doesn’t see a hostile takeover of Netflix as a bad idea. Netflix has been the subject of regular acquisition rumours, with potential names tossed around from Microsoft to Amazon, but so far Netflix is holding is ground. Icahn, is known for shaking up corporate management, and believes Netflix is undervalued and would be a very attractive acquisition for several companies. Netflix has since adopted a poison pill defense to prevent a hostile takeover.
Britain’s financial authorities are investigating HSBC over a tax haven in Jersey, the largest island in the English Channel, with its own tax system. After a whistle-blower sounded code red, Britain’s tax authority as looking into over 4,000 accounts in Jersey, belonging to British clients. The list, apparently includes, wait for it…a drug dealer and a man convicted of possessing more than 300 weapons at his home in the south of England, which is kinda excessive even for US standards. HSBC is Britain’s largest bank, and guess what! it is already part of an investigation into money laundering. HSBC actually, set aside an additional $800 million to cover potential fines from the money-laundering case, bringing the total to $1.5 billion. Don’t you just love it how banks can just set aside 1.5 billion dollars to cover the fines for their indiscretion…some people would see this as capitalism at its worst.
US Seal Team 6, that very same team that tracked down Bin Laden in Pakistan, were punished over a video game. For playing to much you may ask? Nooo…for revealng secrets of their mission to the video game makers of Medal of Honor: Warfighter. Working as paid consultants, they were charged with violation of orders, misuse of command gear, dereliction of duty and disclosure of classified material. According to the game makers, they were not trying to recreate the Bin Laden raid (yeah right) but make raids appear as realistic as possible. It is as of yet unknown, what classified secrets the soldiers unveiled, but they reportedly used material from the US Navy. Their punishment? No pay for two months. I am sure Medal of Honor pay, more than made up for that loss.
CArl Icahn, billionaire activist investor is eyeing a possible takeover of Netflix. He already owns a stake of almost 10% of Netflix shares and apparently he doesn’t see a hostile takeover of Netflix as a bad idea. Netflix has been the subject of regular acquisition rumours, with potential names tossed around from Microsoft to Amazon, but so far Netflix is holding is ground. Icahn, is known for shaking up corporate management, and believes Netflix is undervalued and would be a very attractive acquisition for several companies. Netflix has since adopted a poison pill defense to prevent a hostile takeover.