Managers of Wealth

Wealth of examples on both sides for the tax-haven attack dogs

Bill Shorten won’t like to hear it, but some of his private wealth is being held by a fund with a registered trust in the Cayman Islands.

Geneva Bank Jobs Fall to Lowest Since Crisis Amid Regulatory Woe

This year’s total is about 150 jobs less than seven years ago, just before Lehman Brothers Holdings Inc. collapsed.

UBS Settles U.S. SEC Case Over Structured Notes For $19.5 Million

Investors in structured notes get their return based on the performance of the derivative over the life of the note.

The Americans are tough on Swiss banks, but the Swiss are tougher

The Fed has not been inspired by a warm feeling of solidarity, but from the knowledge that banking is about linkage and it was impossible to calculate the damage any failure would cause.

Finra Fines Santander Unit Over Puerto Rico Bond Sales

Santander neither admitted nor denied the charges

Barclays American 'casino banker' boss-in-waiting faces grilling by regulators before being allowed to take the top job

But concerns have been raised by MPs that the appointment may herald a return to the aggressive culture and focus on investment banking fostered by former boss Bob Diamond.

Former Bank Leumi Execs To Return Millions In Bonuses

The three former managers have already notified the committee that they will return the $1.3 million

How Mauritius Hopes To Shake Its Reputation As A Tax Haven

A double taxation avoidance treaty has helped make the island nation the biggest route for foreign investment into India but potential treaty changes are encouraging a shift in focus to Africa.

Chinese investor stabs asset management firm’s chief executive after losing 300,000 yuan

Wang Jie, chief executive of the struggling Global Wealth Investment Beijing, remains in a coma after being stabbed in the shoulder on Sunday during a meeting with investors

HSBC Whistle-Blower Falciani to Skip Trial After Court No-Show

Falciani, who’s currently in France, has no plans to attend the new date after skipping the hearing in the Swiss town of Bellinzona

Switzerland approves extradition of ex-FIFA official to US

The Swiss government has approved the extradition of former FIFA official Costas Takkas to the United States.

Hervé Falciani: criminal or modern-day Robin Hood?

A number of countries have data thief Hervé Falciani to thank for millions in tax revenues.

Renzi revives Italy’s €410bn wealth fund

These are the new headquarters of the Cassa Depositi e Prestiti, the country’s €410bn sovereign wealth fund.

Bill Gross sues Pimco for $200 million over forced ouster

Gross had been "on track" to receive a bonus topping $250 million in 2014, with most paid late in the year, according to the complaint.

'Bond King' Bill Gross sues Pimco for 'forcing him out'

Bill Gross claims a 'cabal' of executives were 'driven by a lust for power, greed, and a desire to improve their own financial position and reputaion'

Swiss bank secrets lead US to tax cases in Singapore, Israel

They’ve also prodded thousands of reluctant Americans to disclose accounts hidden from the Internal Revenue Service.

Lionel Messi's father wanted by Spanish prosecutors after alleged £3m tax fraud

The decision is considered a win for Lionel Messi, who also had been mentioned in the investigation.

International tax report - Withers

In this quarterly report, we feature articles on important international tax developments around the world, written by our international tax lawyers based in the US, Asia and Europe.

Swiss Federal Council Adopts Dispatch On New TIEAs

The Council adopted the dispatch on October 7. It will now be submitted to Parliament for approval.

Swiss Asset Firm, DOJ Reach Deal Over Tax Evasion Charges

“The American public can expect that we will use all of the information we are gathering to vigorously pursue individual U.S. taxpayers who illegally conceal assets offshore and to develop innovative strategies to combat international tax evasion wo

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