04/04/2012

Credit Suisse says no German travel ban for bankers

Swiss and German media had reported the Swiss bank had introduced the ban after Switzerland issued the warrants, which accuse the three German civil servants of industrial espionage for buying the bank details of German tax evaders.

04/04/2012

France reviews trust approach

Trusts have always been viewed suspiciously by the French authorities. New legislation imposes draconian reporting obligations where any of the settlors, trustees or beneficiaries are French resident.

04/03/2012

UBS Pays Brokers Top Dollar To Join Wealth Management Unit

UBS has reportedly added nearly 50 reputed U.S. brokers to its payroll over this quarter – almost completely on the back of hefty signing bonuses. [1] The move looks in-line with the Swiss bank’s strategy of growing its wealth management busin

04/02/2012

Lawsuits test UBS advice on offshore bank accounts

Tax lawyers describe the suits, emerging from a crackdown by federal authorities on Swiss banks, as the first of their kind in the United States to assert that Swiss bankers made improper assertions to their U.S. clients about the tax implications of thei

04/02/2012

Citi's Duttagupta on Asian Wealth, Investor

The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citi said today in the report published in pa

04/02/2012

Generali targets HNW in the UK

In one of the boldest moves by an offshore life company in recent years, Generali PanEurope this month will formally begin to target the UK high-net-worth and UHNWI market with a flagship portfolio product and wealth structuring services

04/02/2012

Raymond James Closes Morgan Keegan Acquisition

Raymond James Financial announced today that it has completed its acquisition of Morgan Keegan, creating one of the country’s largest full-service wealth management and capital markets firms not headquartered on Wall Street.

04/02/2012

RBC Wealth Management Wants You

The broker wars of 2012 are heating up as a foreign invader tries to crack the U.S., Asian, British and Latin American markets.