We take you one of one of the biggestever global money scandals began, panama, and the law firm that helped the rich and powerful conceal their wealth or avoid taxes. The socalled Panama Papers has prompted the Prime Minister of iceland to resign and has others in its crosshairs. Today eamon javers talking about to the money who cofounded it all, jergen mosac. Welcome to panama city, a neighborhood with a lot of law fishes, Small Businesses and bakes. Behind me are the offices of mosav fonseca, the law firm at the epicenter of the socalled Panama Papers scandal. Earlier i had an opportunity to sit down with jergen mosac, one of the founders of the firm, and i asked about the scandal, the impact on business, and whether or not he knew open important political figures had business dealings here. Did you know Vladimir Putins aides and associates were using the services of fonseca . No. When we find out names like putin or like other heads of state, it is always through the media. It means
That could include a 2. 5 billion settlement, a substantial amount of money for Credit Suisse, as well as a guilty plea from the Parent Company. This would be a sea change in the way the Justice Department has dealt with big banks. One of the conversations we have don having is what will this to the bank, and how will that affect the bank, hurt future business, impact revenue . This is unchartered territory, right, if they were to agree to criminal charges . It is. If they go for the parent whatny, it is a turn from the Justice Department has done where they could charge the subsidiary, which typically shields the Broader Company from collateral damage. What is next once they saw this . We have a lot of people to go. We will see what happens to a bank if a Parent Company plead guilty and is find, and if the Justice Department will go after other banks and similar cases. Much, keriu so geiger. Fcc chairman tom wheelers proposal to regulate internet traffic has cleared its first pozo, an
This industry has been booming, up 36 over the past year. It is up 6. 5 pk in a month. Today we will talk about making money in the market as we go through sectors that may have room to run. The bond side of the story with paul fabio mccully. He has a new look. The hair is clipped. I dont know about the goatee. He has a new note this morning in which he puts together i believe it is emerson canes and the singer, pink. Anybody who does that has my attention. Its his first note since returning to pimco. First, though, to sue at headquarters today because, well, the traffic is still horrible getting into new york city from new jersey after a terrible fatal truck accident on the g. W. Bridge. Absolutely, ty, it was really an awful situation. The markets were going to get to in a second. Phil lebeau, he has breaking news for us. Phil . Reporter this has been speculated about for some time. Teslas ceo announced on the companys website that the company is going to open up patents for other au
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