Singapore Cuts Options for Wealthy Seeking Permanent Stay

Singapore will end a program that allows wealthy individuals to gain permanent residence quicker by putting money in the island, after an influx of foreigners in recent years spurred property prices and fueled voter anger.


What type of UAE expat are you?

A new survey documenting the changing face of expatriate life has identified five different types of modern British expat.


Veteran Merrill Lynch adviser goes independent

Pritchard left the brokerage, now owned by Bank of America Corp, in late March to set up his own practice with Concert Wealth Management, a start-up firm that works with independent advisers. He managed $100 million in client assets at Merrill.


Credit Suisse says no German travel ban for bankers

Swiss and German media had reported the Swiss bank had introduced the ban after Switzerland issued the warrants, which accuse the three German civil servants of industrial espionage for buying the bank details of German tax evaders.


France reviews trust approach

Trusts have always been viewed suspiciously by the French authorities. New legislation imposes draconian reporting obligations where any of the settlors, trustees or beneficiaries are French resident.


UBS Pays Brokers Top Dollar To Join Wealth Management Unit

UBS has reportedly added nearly 50 reputed U.S. brokers to its payroll over this quarter – almost completely on the back of hefty signing bonuses. [1] The move looks in-line with the Swiss bank’s strategy of growing its wealth management busin


Lawsuits test UBS advice on offshore bank accounts

Tax lawyers describe the suits, emerging from a crackdown by federal authorities on Swiss banks, as the first of their kind in the United States to assert that Swiss bankers made improper assertions to their U.S. clients about the tax implications of thei


Citi's Duttagupta on Asian Wealth, Investor

The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citi said today in the report published in pa