Marketplace Morning Report for Wednesday Feb. 18, 2015
Airing on Wednesday Feb. 18, 2015: Today, Swiss prosecutors raided the Geneva office of the second largest bank in the world, HSBC. The allegations are described as "aggravated money laundering." More on that. Plus, we look at the situation this morning with Greece and debt relief with the possibility of global financial instability if Greece has to switch from the euro back to the drachma. Regardless of whether Greece stays in the eurozone or leaves, a key challenge will be collecting taxes, with some Greeks raising tax avoidance to a high art. And the postal delivery van, that boxy fixture of the American landscape, is going to get a makeover. The vehicles guzzle fuel and cost thousands of dollars a year per truck in maintenance. Representatives from car companies are meeting with the post office today to talk over what the next mail truck might look like.
Airing on Wednesday Feb. 18, 2015: Today, Swiss prosecutors raided the Geneva office of the second largest bank in the world, HSBC. The allegations are described as “aggravated money laundering.” More on that. Plus, we look at the situation this morning with Greece and debt relief with the possibility of global financial instability if Greece has to switch from the euro back to the drachma. Regardless of whether Greece stays in the eurozone or leaves, a key challenge will be collecting taxes, with some Greeks raising tax avoidance to a high art. And the postal delivery van, that boxy fixture of the American landscape, is going to get a makeover. The vehicles guzzle fuel and cost thousands of dollars a year per truck in maintenance. Representatives from car companies are meeting with the post office today to talk over what the next mail truck might look like.
