International Finance

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401 (k) Plan for Savings and Retirement

International Finance Desk
In this article let us understand the meaning of a 401 (k) plan, eligibility criteria, how the plan works, caveats to the rule and difference between a 401 (k) 403 (b) plans. 30th September 2013 Fidelity Investments, the top retirement plan providers in the U.S. has been sued by its own employees over the 401...

Switzerland to Relax Bank Secrecy Laws

SWITZERLAND aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to US prosecutors. Dealing a huge blow to Switzerland’s historic banking secrecy, Swiss finance officials on Wednesday approved a plan that would allow the country’s...