Managers of Wealth

Rowan Dartington fraud case referred to crown court

The alleged offence involved six transactions totalling £146,000 over a three month period, the court heard.

UK ministers eye nationalising Royal Bank of Scotland-FT

Ministers are discussing a potential full nationalisation of RBS, which is already 82 percent owned by the government, to help boost business lending to companies.

Wealthy Foreigners Lured by U.S. Based Private "Edge" Banks

Banco Santander operates an “Edge Act” bank based in Miami that provides private banking services exclusively to wealthy foreigners, primarily Latinos.

Public consultation on Solvency II reporting leads to QRT structure changes

This is an integral part of the ongoing maintenance and consulting support that we provide to our ABACUS/Solvency II clients.”

Bankers found to have rigged Libor rate could face jail

Mr Green did not specify the precise charges that could be brought but it is possible bankers found guilty of manipulation could receive prison sentences of up to 10 years.

France Introduces Financial Transaction Tax

Anyone buying shares in some of France's biggest companies will now pay a controversial new tax on the transaction.

Ex-UBS bankers cheated cities by rigging bond bids -U.S.

The probe has focused on rooting out schemes to fix prices and rig bids on bond transactions, and has ensnared some of the world's largest banks.

Hedge Fund Portfolio Manager Sentenced to 78 Months for Operating a Multi-Million-Dollar Ponzi Scheme

A hedge fund manager has been sentenced in Brooklyn federal court to serve 78 months in prison for running a Ponzi scheme.

British banker gives 'brilliant' Bosnian ex-wife £150m

The pair, who separated three years ago, have now divorced, quietly and without an undignified courtroom fight involving overpaid lawyers.

'Britons evaded £200m in tax' using HSBC-owned Swiss bank

Trade minister who headed banking division is facing further pressure

Bankrupt Irish Billionaire Says Anglo Irish Cost Family $4.1 Billion

Ireland’s High Court found both men and the elder Quinn’s nephew Peter Darragh Quinn in contempt of court last month for putting assets outside of the reach of Anglo Irish’s successor, Irish Bank Resolution Corp.

65pc hike in Americans seeking financial advice

From 1st January 2013, under FATCA, the United States will require all of its citizens to report their worldwide earnings to the Internal Revenue Service, regardless of where they live, how long they have lived there, or whether any money is owed.

Singapore advisers slapped for compliance failures

The Monetary Authority of Singapore (MAS) has reprimanded two companies for failing to ensure their employees met the minimum exam requirements of the Financial Advisers Act.

OECD welcomes multilateral efforts to improve international tax compliance and transparency

The OECD welcomed today a new model international tax agreement designed to improve cross-border tax compliance and boost transparency.

Korea - Offshore money laundering, wealth transfer surges

The data came as the government is increasing its surveillance on illegal currency transactions and other cross-border financial crimes by beefing up global cooperation.

Former HSBC worker Herve Falciani arrested over stolen account details

Swiss authorities confirmed they were carrying out a criminal investigation into the matter, which dates back to 2008.

Adviser wins £260k VAT appeal against HMRC

Bloomsbury Wealth Management has won an appeal to have almost £260,000 in VAT repaid after a tax tribunal ruled the firm was providing services that were exempt from VAT.

Deutsche Bank internal Libor clears board

A Deutsche Bank internal investigation into Libor has found that two former traders may have been involved in colluding to manipulate the rates but said there was no indication of failure at the top of the organisation, Reuters reported.

Systemic Risk Research Consortium Launched to Address Risk in the Financial Markets

The consortium has attracted interest from an array of academic, industry and regulatory researchers and two conferences have been held at which institutional investors, academics and industry experts presented new research and discussed how to better qua

Bankruptcy hasn't curbed luxury lifestyle of 'outsider' Sean FitzPatrick

His arrest at Dublin airport as he returned from a break in the US is just the latest sign that Sean FitzPatrick still enjoys a lifestyle way beyond the reach of most of those left to pick up the Anglo tab.

Legal,Regulation,Tax & Compliance