Managers of Wealth

Puhui Wealth Investment Management Co., Ltd. Announces Receipt of Nasdaq Delisting Notification and Plans to Appeal

At the hearing, the Company intends to present its plan to regain compliance with the Rule to the Panel.

Credit Suisse Group Reaches Settlement in RMBS Legacy Case

The settlement, for which Credit Suisse is fully provisioned, marks another important step in the bank’s efforts to pro-actively resolve litigation and legacy issues.

Goldman to fold major business units into three main divisions in sweeping reorganisation

The reorganisation could be announced within days, people familiar with the matter said

Credit Suisse reaches CHF 500m settlement over RMBS claim

The New Jersey court had sought damages of over $3bn on claims related to its residential mortgage-backed securities.

What the UK’s updated anti-money laundering rules mean for the art market

This was partly put down to the lack of transparency and complexity of some deals that take place in the sector.

ABS launches new guidelines for sustainable private banking, wealth management practices

ABS director Ong-Ang Ai Boon said the guidelines will help private banks and their clients in their transition towards a low-carbon economy.

LDI crisis ‘not a moral hazard issue’, says Schroders group CIO

The UK LDI market faces tightened standards after the recent intervention by the Bank of England, but Johanna Kyrklund believes these products are not ‘about taking risk’.

Fighting Swiss inflation with a strong franc

A rising franc also risks deflationary effects at home as consumers put-off buying goods that may become cheaper.

Inheritance tax: Protecting your family business

The risk is that IHT needs to be met from the business itself, which is tax inefficient and could lead to the breakup of the family business.

Columbia Threadneedle suspended dealing in CT UK Property Authorised Investment fund to Restore Liquidity

Suspension of dealing protects interests of all investors

Key Takeaways from the UK Regulatory Industry for Q3 2022

The new register will require anonymous foreign owners of UK property to reveal their real identities to ensure criminals cannot hide behind secretive chains of shell companies.

UBS Hit with Another US Fine

Although UBS conducted annual reviews of its systems, it failed to identify the improper treatment of shares associated with long-selling activities by clients.

Kim Kardashian Fined For Crypto Promotion

In addition to the fine, Kardashian was ordered to refrain from advertising crypto asset securities for the next three years.

VAT and the Travel Industry – UK and wider developments

With travel picking up again following the pandemic, now is a good time to think about how the VAT world has changed, what this means for your business and the further changes that may be coming down the line.

Tax cuts, the Bank of England’s response and our UK outlook

The announcement prompted the largest two-day sell off in gilts on record, the pound hitting a record low against the dollar, and rising risk premia in UK assets, including sovereign credit default swaps.

Changes to the definition of bank: the evolution of taxation in the financial sector

Although presented as a routine update, the changes widen the range of financial services companies that will need to consider the tax definition of a bank.

Deloitte Switzerland reports eight per cent growth and further increases its sustainability and technology focus

With the appointment of heads of sustainability and technology to the Swiss Executive Group, a wider talent base and a strong first quarter, Deloitte Switzerland is well equipped to achieve double-digit growth in the current financial year.

Bank of England monitoring Credit Suisse as market concern rises - reports

Speculation driven by statement

Millions in fines against UBS and Credit Suisse for text messaging

From 2018 to 2021, employees of the fined financial firms routinely communicated about business matters using messaging applications on their personal devices.

Saltus: Nearly 80% of HNWIs weren’t asking for tax cuts

Prior to Friday's Budget, nearly 80% of wealthy individuals said in a survey that they were paying the right amount or not enough tax.

Legal,Regulation,Tax & Compliance