Managers of Wealth

Austria's Faymann Clarifies 'Millionaire Tax' Plans

Austrian Chancellor and Social Democrat party leader Werner Faymann clarified details of his party's wealth tax plans

Deutsche Bank Faces Hearing Over Fired Euribor Traders’ Claims

Deutsche Bank AG faces a hearing in a lawsuit by four traders fired over the lender’s role in the alleged rigging of interest benchmarks after mandated mediation failed to produce a settlement.

Swiss ok for US Fatca inches ahead

The agreement now returns to the upper house to iron out a difference in the two versions related to the date when the Fatca agreement will be implemented.

Regulator Said Probing Deutsche Bank Over Expenses

Reuters News reports that the Securities and Exchange Surveillance Commission (SESC) found evidence of potential infractions during a regular audit of Deutsche Securities Inc, the German bank's investment banking arm in Tokyo,

Bakers Seals Hire of McDermott's Head of European M&A

Baker & McKenzie has sealed the hire of McDermott Will & Emery's head of European M&A, Mats Sacklen

Hargreaves Launches Legal Challenge to Rebate Tax

Ian Gorham , chief executive of Hargreaves Lansdown, said the introduction of what the group is calling a 'discount tax' is "extremely disappointing news and an attack on the small investor".

Conyers Dill & Pearman receives two honours

Conyers Dill & Pearman took home two honours at the recent Macallan ALB Hong Kong Law Awards for its work on the Yahoo! Inc./Alibaba buyback, one of the most well-publicised deals of the year.

Tax avoidance 'not a legal duty'

Britain's business leaders will be sent advice on Monday from a top law firm warning them they cannot claim it is their fiduciary duty to shareholders to avoid tax.

Barclays GC hire shows wariness of US-led regulatory world, say partners

Barclays appoints former US Treasury GC as UK banks increasingly seek regulatory skills

Bank of America, Merrill in $39 Million Gender Bias Settlement

Bank of America Corp agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid

Top level exits continue as BLP tax litigation head joins Clifford Chance

The firm said it had reached its “target number” of redundancies

G20 summit: states chase tax evaders with plan to swap data globally

New treaties will require financial institutions to automatically disclose customer assets to overseas tax bodies

OECD's Gurría presents G20 Leaders with proposal to tackle tax evasion

OECD Secretary-General Angel Gurría today presented to G20 Leaders ground-breaking proposals to tackle tax evasion and avoidance by both companies and individuals.

Netherlands Eyes Tax Treaty Update With Developing Countries

The Netherlands has tax treaties with over 90 countries

Mayfair-Firm Forsters Makes First Lateral hire in two years

Breedy Henderson partner Rosalyn Breedy has joined Forsters and wrapped up the niche private wealth practice she founded in the process.

About 35,000 Global Bank Employees May Face EU’s Bonus Curbs

The workers facing the EU rules, which would cap bonuses at twice annual pay, include 23,450 bankers in the U.K.

FCA slaps Aberdeen over £685m client money failings

Aberdeen fully cooperated with the FCA’s investigation and agreed to settle at an early stage, qualifying for a 30% discount to their fine. Without the discount the fine would have been £10,275,000.

Swiss private bank group sees U.S. Tax spats resolved by 2015

Hundreds of banks may be covered by an accord between the U.S. and Switzerland over how to punish firms that used accounts to help American clients evade the Internal Revenue Service

International law firm bulks up in Paris with tax hire

The International law firm is set to launch a French Tax practice after appointing Eugénie Berthet in Paris.

Saffery decision pays off as fee income rises

The latest figures put the firm 14th on the national league table of accountancy firms.

Legal,Regulation,Tax & Compliance