04/23/2012
The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.
04/23/2012
DRAFT LEGISLATION was submitted to the Department of Finance by accountancy firms KPMG and Deloitte as part of the lobbying for a new scheme that will allow foreign executives working here pay less income tax.
04/23/2012
The government "does not have plans" for a wealth tax or other fiscal measures, Grilli said during testimony before the Chamber of Deputies parliamentary budget committee.
04/20/2012
Those following the state of UK giving could be forgiven for having allowed themselves to feel cautiously optimistic during the past two years.
04/20/2012
The Volcker Rule could negatively impact investing in bonds by leading to the creation of a two-tiered market for municipal bonds while also reducing liquidity for some corporate bonds, Snook said. It could also impact mutual fund investing, he said, by r
04/19/2012
Ao is currently on trial for corruption and money laundering. On Monday, the court was told that a company controlled by Lau and Steven Lo allegedly paid a bribe of 20 million Hong Kong dollars ($2.6 million) to the defendant in 2005.
04/19/2012
The legislation, which came into effect on April 6, has been given a cautious welcome by law firm Boodle Hatfield.
04/19/2012
From 2013, the so-called “Rubik” deal – judged “fully compliant” with European Union law on Tuesday by the bloc’s taxation commissioner – should forbid such operations, but the accord is open to interpretation.
04/18/2012
Paris prosecutors opened a formal investigation April 12, after conducting a preliminary inquiry with the customs service into a complaint by France’s Prudential Control Authority in February 2011 over the bank’s practices in France.
04/17/2012
But Austria's deal is far less favourable than those struck by Britain and Germany, which both responded to political pressure by extracting big up-front payments and more concessions from Switzerland.
04/17/2012
The bank will buy the building on North Wall Quay from the National Asset Management Agency, said the person, who asked not to be identified because the details are private. Anglo
04/17/2012
The U.S. Senate has blocked President Barack Obama’s proposal to raise tax rate on those who earn more than $1 million a year.
04/16/2012
The defections show how serious a blow the loss of the veteran banker - one of the driving forces behind the breakup of Dutch lender ABN AMRO in 2007 - could be for Bank of America.
04/16/2012
This was illustrated in early April, when the US futures regulator filed a lawsuit against Royal Bank of Canada.
04/16/2012
In the latest attempt to end the long-running dispute, Switzerland's Federal Council has now authorized banks to hand over email traffic in connection with such clients to U.S. prosecutors, the Tages-Anzeiger newspaper reported.
04/16/2012
The regulations were proposed by the Federal Council and must be voted on by the country’s parliament, the newspaper reported.
04/16/2012
Almost one in 10 people earning more than £10 million a year is paying less than the 20% basic rate of income tax, the Treasury says.
04/16/2012
An independent French magistrate has been named to examine the commercial practices of Swiss bank UBS AG, financial daily Les Echos reported on Monday.
04/13/2012
The British fund manager has marked 14 May as the day it will produce the information documents for investors - about six weeks before the 1 July deadline set by the European Union for regulated products.
04/13/2012
The transaction proceeded by way of a Jersey scheme of arrangement and has received the required regulatory approvals and the sanction of the Jersey Royal Court.