USA

RWC partners will launch a Luxembourg-based US equity long short fund, pending approval by regulators.

An accountant millionaire has pleaded guilty to filing a false tax return, making him the first US citizen to face criminal charges stemming from Swiss UBS records controversially procured by the US federal government.

The eight ProShares ETFs offered by ProFunds Group provide short and leveraged exposure, and are listed on NYSE Arca.

Almost half of expats in the UK hit hard by the global economic downturn are considering returning home, with those currently based in the US, Thailand and South Africa the worst affected, a new survey reveals.

Bernard Madoff will spend the remainder of his life in prison after receiving the maximum prison sentence of 150 years for masterminding a $65bn fraud.

Lincoln Financial Group says it remains committed to its i2Live product after being bought by Canada-based Sun Life Financial.

Internal Revenue Service Commissioner Douglas Shulman said projections that the US loses $US100 billion annually to offshore tax havens are "wild estimates" that "don't have much basis".

Guernsey has bolstered its relationship with the US political establishment which now views the island more favourably than before according to Lyndon Trott, Guernsey's chief minister.

US companies have reacted with horror to President Barack Obama's assault on tax havens. About 200 major companies have written to Congress warning that the proposal, announced late on Monday night, could put US companies at a disadvantage to foreign...

President Obama will seek to outlaw offshore tax avoidance in a bid to claw back tax from US corporations with overseas divisions.