Managers of Wealth

Credit Suisse in New Legal Threat

U.S. shareholders are bringing a class-action suit against Credit Suisse – and against Chief Executive Tidjane Thiam.

Wall Street trader, NFL players hit hard by ‘untouchable’ $4M mob-linked scheme

The impressed Staten Islander couldn’t know what he alleges is the truth: There was no production, no product, no patent.

Credit Suisse Faces Lawsuit Over Deferred Pay For Brokers

A Credit Suisse spokeswoman tells the newswire that the suit has no merit and that it’s standard practice for Wells Fargo and other brokerages to cover the deferred compensation of new hires in such instances.

Vontobel agrees mutual settlement with German authorities concerning untaxed assets held by German clients

Payment fully covered by provisions, will have no financial impact on figures for current fiscal year.

China’s War on Risk Has Banks Fleeing Shadowy Wealth Products

Interbank cross-holdings of WMPs more than halved last year

Ecobank partners Nedbank on customer wealth management

The Head, Securities, Wealth and Assets Management, Ecobank Nigeria, Ibukun Oyedeji, also said the bank is very committed to helping its customers to maximise their wealth.

Art Dealer Quizzed After Billionaire’s Fraud Complaint

Such meetings can be the trigger of criminal proceedings and formal accusations.

Compliance in the new era of regulatory proliferation

There are clearly immense challenges to integrating these new – or revamped - global regulations into the wealth management businesses.

International law firm launches strategic citizenship and residence consultancy

Helping clients interested or needing to secure additional citizenships, or residency rights through investment programmes, will be an area of particular focus

Australia gives regulator sweeping powers over bank bosses' pay

The series of scandals has cost Australian banks, among the most profitable in the world, hundreds of millions of dollars in fines

Second Citizenship More Affordable Than Ever; but Time is Running Out

Second passports can help provide businesspeople in the region with more security for their families and businesses, as well as the freedom of movement.

Seven Investment Management warns on clone attack

Seven Investment Management (7IM) appears to have become the latest firm to be the target of scammers cloning its identity.

Lloyds to axe handful of wealth roles in business restructure

In net terms 465 jobs will go, with Lloyds planning to create 465 new positions across the business.

European banks intensify checks of Russian clients

Should the banks detect any violations associated with a certain customer, his or her account will be subject to restrictions, since the financial institution will start asking the client for additional information for each transaction

Philippines president orders destruction of dozens of luxury cars worth more than £1 million as bulldozer filmed flattening the lot

Among those destroyed were 10 BMW and Mercedes Benz, a Lexus, Corvette Stingray, Ford Explorer Base 3.5L, Jaguar Type S, Audi S5 and a 2012 Jeep Wrangler

Guernsey playing a key role as UK financial services prepare for Brexit

He admitted it was currently unclear how Guernsey should best position itself to continue to do business with the UK post-Brexit, but was clear that the island was ‘part of the British financial family’.

Government crackdown on offshore tax cheats brings in a THIRD of the £1billion expected in the wake of Paradise Papers scandal

Changes included agreements with offshore low-tax havens such as Switzerland

Legal,Regulation,Tax & Compliance