Managers of Wealth

Eight steps to protect your business from internal fraud

Once you understand the threat that insiders can pose to your business, it’s key to take action sooner rather than later.

New iPhone app for HNWs caught up in fraud and tax raids

HNWs and businesses facing dawn raids by the SFO and HMRC can now get rapid-fire advice when the authorities turn up unannounced

Swiss court refuses to release part of Lebanese central bank chief funds

The report also said that millions of dollars had been frozen by Swiss authorities.

FCA restricts London wealth manager

The regulator has imposed a number of restrictions on the firm including a ban on disposing of firm assets.

H2O AM fined €20,000 per day until it coughs up key documents

Under-fire asset manager facing recurring penalty for failing to provide information to gauge impact of side-pocketed assets.

WTW advises Swiss pension funds to review asset managers due to banking turmoil

Banking sector shockwaves mean pension companies should ‘make any changes deemed necessary’.

Is the UBS-Credit Suisse Deal on the Brink of Collapse?

By taking that route, approval through an extraordinary session of parliament was to have been a formality.

Swiss Re shareholders approve all proposals at 2023 AGM

Shareholders approved the re-election of Sergio P. Ermotti as the Chairman of the Board of Directors.

How ‘The Black Tax’ Affects Intergenerational Wealth Transfer

The Black Tax refers to a practice where a successful Black individual supports members of their immediate and extended family financially.

BNP Paribas announces the final signing of the agreements

For BNP Paribas Personal Finance, this partnership is a major milestone on its strategic objective to have 50% of its outstanding loans related to mobility by 2025.

Credit Suisse crisis warrants careful review by Swiss, IMF says

The Swiss economy will grow 1.8% in 2024 and 0.8% this year, the IMF said

Swiss regulators defend rescue of Credit Suisse via UBS deal

Insolvency would have left the functional parts of Credit Suisse in operation as a Swiss-only bank, but one with a “damaged reputation” through bankruptcy, he told reporters in the Swiss capital of Bern.

Vontobel cuts lines to customers in Russia

The implementation of the medium-term strategy 2022 to 2024 will be pursued consistently.

Privatbank IHAG holding company executive to be sentenced over $60 million fraud

Known as the “Singapore Solution,” members of the conspiracy sent over $60 million on “round trips” across the globe.

Swiss remain calm as Europe rages over retrocessions

Citywire has drawn views from its editorial teams in Switzerland, France, Spain, Italy, and Germany to understand how this subject is perceived within the EU.

Swiss prosecutor probes UBS takeover of Credit Suisse

Brokered by regulators

Sallie Krawcheck: Regulators Moved Quickly to Stem Banking Panic. But Is ‘Our Lehman’ Still Ahead?

The coming weeks and months will tell us more about how far regulatory practices have come since that period.

Swiss private banking exec pleads guilty to tax fraud conspiracy

Daniel Wälchli pleads guilty in the USA to tax evasion scheme using undeclared bank accounts at Privatbank IHAG.

Credit Suisse still helping wealthy dodge U.S. taxes, U.S. Senate Committee finds

In an emailed statement, Credit Suisse said it did not tolerate tax evasion and that it had been cooperating with U.S. authorities.

French prosecutors raid five banks in massive tax fraud case

Authorities said banks, including Societe Generale, BNP Paribas and HSBC, faced a compensation request of more than $1bn.

Legal,Regulation,Tax & Compliance