Tag Archives: secrecy

Former Morgan Stanley CEO on Swiss banks: Secrecy is ‘their nature’

Former Morgan Stanley CEO on Swiss banks: Secrecy is ‘their nature’

In 2014, Credit Suisse pleaded guilty to helping thousands of Americans evade taxes and paid a $2.6 billion fine. It also promised to reveal any hidden bank accounts. Credit Suisse has recently come under scrutiny by the U.S. Department of Justice for potentially not complying with that plea agreement, the Wall Street Journal reported last week, citing unnamed sources familiar with the matter. Former Morgan Stanley CEO John Mack, who last month published “Up Close and All In: Life Lessons… Source link

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City OKs Google data centers amid secrecy, water worries

SALEM, Ore. — The council of a small Oregon city has approved a deal with Google that will enable the technology giant to build two more water-guzzling data centers there, though some residents worry about drought and secrecy. A single data center can churn through millions of gallons of water per day to keep hot-running equipment cool, and the placement of these facilities in drought-prone areas is an increasing concern around the globe, even as reliance on them is growing. Data centers… Source link

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