Managers of Wealth

Wall Street Bonuses Could Fall 40% This Year in ‘Perfect Storm’

“This is a shock to the system that you see about every 10 years.”

The Board proposes a postponement to the formal dividend resolution

The Board has therefore arrived at the conclusion that the proposed dividend amount will in no way jeopardise the Bank’s ability to support its customers through financing, in spite of the challenging circumstances.

The Nomination Committee proposes unchanged Board fees

All other proposals from the Nomination Committee to the annual general meeting remain as presented.

UBS Trial: Accusations of Backroom Dealing

The details of this proposal seem fairly intricate, but the court, in essence, seems to favor a cancellation of the core allegation of abetting tax avoidance.

Focus Financial Sues Executive Who Jumped to Hightower

Holsopple, who the suit says falsely represented that he was not joining a direct competitor when he unexpectedly resigned and who was subsequently sent a cease-and-desist letter, did not respond to a request for comment.

LEBC calls upon HMRC to extend 2019-20 Tax Year and to help savers in wake of COVID-19 crisis

As with so many businesses, LEBC has closed its offices and switched its staff to home working.

Holding the Line on Ultimate Beneficial Ownership

To address the challenges many jurisdictions experience in trying to ensure ownership transparency, last October the FATF released a best practice paper offering guidance on measures countries should consider to facilitate access to beneficial ownership a

Law Firms Conduct Layoffs, Slash Salaries In Response To Pandemic

We sympathize with anyone who has to deal with the anxiety of a global health crisis AND financial insecurity.

Credit Suisse cuts Thiam’s pay over spy scandal

Nargolwala added that the event had damaged Credit Suisse’s reputation and the board member found responsible for it

Bank of England - COVID Corporate Financing Facility

In a nutshell, the CCFF is commercial paper purchase programme designed for non-financial corporates to support them through the turbulence resulting from Covid-19.

Coronavirus: Federal Council adopts emergency ordinance on granting of credits with joint and several federal guarantees

Companies are advised to apply for the credit facilities at their main bank. Facilities will be secured by the Confederation.

Emergency Capital Raises for Public Companies

An FCA approved prospectus will usually be required for a rights issue, for both main market and AIM quoted companies

Finma adds firms including blockchain specialist to warning list

The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services

How Italian advisers and wealth managers are tackling covid-19

The country has taken martial law-like measures to contain the spread of coronavirus

UK expat tax bills could skyrocket due to coronavirus lockdown

As non-residents hope ‘HMRC may be more lenient in its approach’

Statement on UK markets

The FCA continues closely to monitor market activity

The UK government’s Coronavirus support packages

Due to the fast-moving nature of the government response to the outbreak, while this briefing is up to date as of 23 March 2020, there may have been further developments since then.

Boutiques must implement ‘buy now, pay later’ options during pandemic

Separate Together has integrated Splitit as a payment solution that “uses the available credit on a client’s credit card to secure the full value of the transaction, but with payment being made in monthly instalments”.

The growing popularity of Jersey funds

The stable political environment and very proactive regulatory and governing bodies make Jersey a very popular jurisdiction with ZEDRA’s clients

Bentley Motors Suspends Production Due To Coronavirus COVID-19 Crisis

To protect its employees, Bentley had implemented further measures to prevent the spread of coronavirus, for example, changing operations at company canteen and shops, introducing safe behaviors and closing the company gym facilities.

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