He lives in Paris and has a home in Brussels, the daily said. “Contrary to the reports published today, Mr Bernard Arnault states that he is and will remain a French tax resident,” a statement put out by Arnault’s press office said.
Late last month, Zurich-based Julius Baer said client data had been leaked. According to Swiss media, the data was then passed on to officials in North Rhine-Westphalia, a German state which has tapped leaked Swiss data before as part of efforts to hunt t
The Proposed Rules, which are not yet final, would have the effect of increasing the flexibility for issuers, including hedge and other alternative investment funds, to solicit purchasers through general solicitation, but would also impose a more signific
The banking industry has come under fresh scrutiny after the Financial Services Authority ordered Barclays to overhaul its culture and its boardroom following the appointment of its new chief executive, Antony Jenkins.
ASIC may investigate Macquarie Private Wealth for "for ongoing compliance failures; for providing clients with inappropriate advice", and other breaches, the Sydney Morning Herald reports.
The Aberdeen-based practice, which has a subsidiary called Golden Square Wealth Management, said a rise in private client work had also helped fee income in the year to 31 March grow 4.7 per cent to £10.4m.
At least four former Barclays traders who worked under Pal in New York have drawn scrutiny from U.S. prosecutors and regulators in the investigation into the manipulation of the London interbank offered rate and related benchmark interest rates, according
Following the financial crisis, UBS does not dispute the need for tougher bank regulation on issues such as risk, liquidity and emergency measures, Weber said, but he warned of possible knock-on effects of putting rules into place without consulting banks
After December 31, 2012, unless Congress enacts new legislation, this opportunity will vanish and will be replaced by a $1 million exemption and a 55 percent federal transfer tax rate.