Word: banking
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...official yet, and won't be until after Feb. 28 - the final day of the "consultation" period in which the Treasury will listen to arguments for and against it. But the consensus is that the law will pass. Already, says Paul Knox, a wealth adviser at JPMorgan Private Bank, "there is a trickle of people who have decided they have to leave. The problem is that a trickle can become a flow. The smart people are always ahead of the curve, and there are some pretty smart people making the decision to move...
...Switzerland collected an extra $492 million in withholding tax from the bank accounts of E.U. residents. And as the rate goes up to 35% by 2011 in compliance with the E.U. directive, foreigners will find the Swiss tax man reaching deeper into their pockets. But for every tax haven that loses its seductive charms, there's another working hard to woo the rich. Dubai, which has been dubbed the Switzerland of the gulf, has spent billions creating zones where foreigners can set up and invest in companies free from corporate tax. And other gulf states like Qatar and Oman...
Harvard students have received similar fake e-mails asking for personal information purporting to be from companies like Bank of America, Selsby said...
Obama supporters also received a visit from former presidential candidate Senator John F. Kerry, who stopped by the phone bank early in the day to talk to students about why he was voting for Obama...
Down on the trading floor, eight hands suddenly reach for the whiteboard to trade shares of the al-Basra Bank, and then a moment later pull back. A female trader has just walked along the front of the room in elegant black boots and gold necklaces, chatting into her cell phone, pausing momentarily to scribble numbers in black marker on the wall...