UK regulator loses UBS supervision test case ‎

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.


Italy rules out wealth tax, other new taxes

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.


Hong Kong Billionaire Denies Bribery Allegation

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.


New UK Non-Dom Scheme Welcomed

The legislation, which came into effect on April 6, has been given a cautious welcome by law firm Boodle Hatfield.


London chases holders of Swiss accounts

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.


UBS Unit Will Cooperate With French Tax-Evasion Investigation

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.


Central Bank said to buy Anglo Irish Tower

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


Merrill bankers follow Orcel to rival UBS

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.


Swiss banks to hand over staff names in U.S. tax row: report

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.


French magistrate to examine UBS charges

An independent French magistrate has been named to examine the commercial practices of Swiss bank UBS AG, financial daily Les Echos reported on Monday.