Legal Archives - Page 7 of 213 - Managers of Wealth

Close Brothers also declines to challenge car finance redress

April 27, 2026

Close Brothers Group PLC has joined fellow lenders Barclays PLC, and Lloyds Banking Group PLC, in deciding against a legal challenge to the UK Financial Conduct Authority's motor finance compensation scheme, Sky News reported on Saturday. "Close Brothers does not intend to challenge the FCA's motor finance redress scheme," the London-based merchant bank said, […]

Legal

Will California’s billionaire tax bombshell send the ultra-rich running?

April 27, 2026

A campaign to impose a tax on California’s wealthiest residents is moving closer to voters, as organizers claim they have gathered enough signatures to qualify the proposal for the state ballot; setting up a contentious debate in the nation’s largest hub of billionaire wealth. Backers of the initiative say they have surpassed the required […]

Legal

FINMA Annual Media Conference 2026

April 21, 2026

At its annual media conference today, the Swiss Financial Market Supervisory Authority (FINMA) outlined its supervisory priorities for 2025. It has consistently implemented its proportional and risk-based supervision, strengthened the resilience of the supervised institutions, and focused on the early detection of rising risks among these entities. In its review, FINMA demonstrated how it […]

Legal

UBS does not withdraw files, experts demand further documents, and Ermotti confirms in a guest article that he made a takeover offer based on incomplete information.

April 10, 2026

UBS did not withdraw the documents it was required to submit to the Commercial Court in Zurich within the stipulated deadline. The plaintiffs will therefore definitively gain access to these documents (see our update of February 16, 2026). Furthermore, the court-appointed experts have requested additional documents for their valuation of Credit Suisse. Moreover, […]

Legal

How The Buy, Borrow, Die Strategy Helps The Wealthy Cut Taxes

April 8, 2026

The Buy, Borrow, Die strategy enables the wealthy to dramatically reduce taxes. Instead of selling appreciated assets and incurring high taxes, you can create savings, grow your net worth and still enjoy your wealth. Whether you have $1 million or $20 million in your brokerage account, the bull market of much of the past […]

Legal

Ex-Deutsche Bank Manager Sues Bank for at Least $624 Million

March 31, 2026

Faissola and several other ex-traders last year ended mediation talks with Deutsche Bank over allegations they were wrongfully implicated in an audit report into the Monte dei Paschi affair.

Legal

Wealth taxes on billionaires and $30 minimum wages are part of the same plan, advocate says. ‘They should pay their fair share’

March 31, 2026

Regardless of how you view that 938 number, there’s one overall resounding agreement people have: Most voters want billionaires to pay their fair share.

Legal

Swiss lawmakers signal compromise on $22bn UBS capital plan

March 31, 2026

Decision could be published in April with foreign capital requirements component moving to parliament for debate

Legal

Hightower Faces Class Action Suit Over Data Breach

March 27, 2026

An alleged former employee claimed the company failed to protect client information. Hightower is the latest industry firm to fall victim to a breach in recent months.