Managers of Wealth

Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil

Media’s ‘bad apple’ theory no longer works

France Set to Raise Taxes on Firms, Rich

The government said it would seek Parliament approval for €7.2 billion ($9.08 billion) in extra taxes this year.

HSBC Millionaire Client Fined for Swiss Bank Tax Evasion

He was convicted Wednesday of cheating the public revenue at Wood Green Crown Court.

FSA tells IFAs: don't leave clients in dark with DFM deals

The Financial Services Authority has told advisers they must make it clear to clients who manages their investments when outsourcing to a discretionary fund manager.

Rogue trader Nick Leeson urges jail for Libor fixing

Barclays was fined £290m by UK and US regulator for attempting to manipulate the rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.

Ex-Lehman broker must pay $904,000 in bonus flap

A San Francisco-based broker must pay more than $904,000 to Lehman Brothers Holdings Inc, which has been aggressively clawing back bonus money that it paid to brokers before its demise in 2008.

Morton Fraser promotes six solicitors

private client lawyer Fiona Byron and litigation lawyers Julia Bryden and Angus Wood have also been promoted

Wealthy French consider Swiss tax exile

The new French Socialist government has promised to reinstate the country’s old wealth tax rate and increase income tax, enough to make wealthy taxpayers think seriously about leaving for greener Swiss pastures.

Will we see City bankers behind bars?

The bankers at the heart of the Barclays interest rate-rigging scandal could be prosecuted for fraud

Unnamed UBS executive charged in tax-evasion investigation

The executive is under investigation for aiding in illicit marketing, laundering and benefiting from the practices, Agnes Thibault-Lecuivre, a spokeswoman for the Paris prosecutors office, said Friday.

Senior Tories dragged into banking scandal

The Independent on Sunday has learnt that the Conservative deputy chairman, Michael Fallon, is a board member of a leading brokerage firm that dominates the rates market and which has been asked to co-operate with the Financial Services Authority's i

Julius Baer Sends 2,500 Employee Names to U.S., Le Temps Reports

Julius Baer declined to comment on the matter, the Swiss newspaper said.

Europe's market watchdog probes rating agencies-FT

The European markets watchdog is investigating whether the big three credit ratings agencies' methods of evaluating banks are rigorous and transparent enough, its chairman Steven Maijoor told the Financial Times on Monday.

Commerzbank to pay staff bonuses by selling shares

Around 60 percent of the employees have decided they would not keep the shares but would instead sell them immediately to institutional investors, with Commerzbank itself and Deutsche Bank AG acting as bookrunners.

RBS set for fine as Barclays boss remains defiant

Royal Bank of Scotland could face a hefty fine from the same interest rate rigging scandal that has hammered Barclays this week and left its boss Bob Diamond fighting for his job.

IRS Cuts Middle Class Expats Big (And Deserved) Penalty Break

The relief will help middle class folks who have been living for years in high tax foreign countries such as the United Kingdom, and particularly the estimated one million Americans living in Canada.

Asian regulatory framework for asset management getting tougher, KPMG warns

According to the report, the evolving regulatory framework for asset managers in a number of Asian countries, particularly with regard to consumer protection and fair dealing, is as tough as in Europe and the US.

Is your financial advice firm's good reputation being abused by scammers?

Additionally, CIA did not have an AFSL, and was therefore trading illegally under the Corporations Act.

S.E.C. Said to Be Poised to Sue Fund Manager

Adding to Mr. Falcone’s mounting woes, the Securities and Exchange Commission is expected to sue the money manager as soon as this week, planning to accuse him of taking a personal loan from his hedge fund, Harbinger Capital Partners, and of giving

Regulators hit Barclays with £290m fine

The watchdog said this was the largest fine it has ever imposed

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