Managers of Wealth

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

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.

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

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.

Swiss lawmakers signal compromise on $22bn UBS capital plan

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

Hightower Faces Class Action Suit Over Data Breach

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.

UBS gives institutional fund investors more say

The offering will initially be launched for institutional clients in Switzerland.

Hong Kong weighs ‘big bang’ tax cuts for asset managers

Expansion of carried interest regime could mean zero levies on performance fees at hedge funds

Number of Isa millionaires trebles to 17,600 in past three years as Britons make full use of tax-free accounts

Under higher return assumptions, the number could have grown further still.

Do your taxes like the rich and save money

Even though some tactics are probably out of reach for most people, others are simple enough that they can be used with enough planning.

Sage Capital Management opens Swiss entity and receives Swiss regulatory approval

Having a presence in Switzerland builds on Sage Capital Management’s recently expanded offering which now includes a private banking service for institutional clients, the firm writes.

Cum-Ex: Deutsche Bank pays millions for two external funds

Deutsche Bank acted as a service provider for these funds and provided financing.

Burkina Faso Evaluates Wealth Tax Options Through ATAF Engagement

Engagements have also included private-sector stakeholders such as financial institutions, audit firms and legal practitioners, to ensure a comprehensive and balanced assessment.

Howard Schultz leaves Seattle as local lawmakers mull millionaire tax

His announcement comes as Washington state lawmakers advance a so-called millionaire tax that would levy a nearly 10% annual tax on personal earnings over $1 million.

Banking regulation – how much regulation is enough?

However, experts say it is controversial whether this will actually increase financial stability or create new risks for Switzerland as a business location.

Elon Musk says he’ll ‘probably end up paying over $500B in taxes’ over his lifetime. What the math says and how you can lower your own tax bill

Musk’s claims come at a time when his compensation, particularly from Tesla, is once again in the spotlight.

Credit Suisse’s collapse rocked Swiss wealth management. Can it stay in front?

The country is still considered the safest of safe havens, despite facing greater competition from abroad and consolidation at home

FINMA proceedings: MBaer Merchant Bank AG in liquidation

The bank has now withdrawn its appeal against the FINMA proceedings, meaning that FINMA’s liquidation order is now effective.

Financial regulators and security experts are warning the public about a sharp rise in sophisticated investment fraud schemes that increasingly target everyday consumers

Fraudsters are now exploiting trending asset classes such as stocks, securities, and particularly cryptocurrencies, which are attractive to victims due to their perceived profit potential.

Legal,Regulation,Tax & Compliance