Managers of Wealth

When the Brakes Fail: UBS and the Collapse of First Brands

Bankruptcy Court for the Southern District of Texas, it disclosed more than $10 billion in liabilities against roughly $3.5 billion of annual revenue.

PIMFA calls for relief from regulatory burden on wealth managers and advisers

Eight in 10 firms (79%) have seen an increase in compliance expenditure over the past 12 months

Government backs Jaguar Land Rover with £1.5 billion loan guarantee

The Government announces support package for JLR following the recent cyber-attack.

FINMA and the UK supervisory authorities strengthen cooperation in financial services

The Swiss Financial Market Supervisory Authority FINMA and the UK supervisors FCA and PRA signed a memorandum of understanding (MoU) today.

Wealth tax economist hits back at French tycoon's 'pseudo-academic' claim

The idea has been enthusiastically taken up by the French left, including the Socialist Party, whose support new Prime Minister Sebastien Lecornu could need to ensure the survival of his government.

Bellevue Asset Management launches first active ETF

The actively managed ETF invests in 50 to 100 companies from the MSCI World Healthcare index.

UBS shareholder Cevian weighs in on the location question

UBS CEO Sergio Ermotti said last week that the bank intends to "continue to operate as a successful global bank headquartered in Switzerland.

Swiss Regulators Accused of Pushing UBS Out of the Country

Meanwhile, UBS executives have reportedly held talks in the US about a potential strategic shift.

Only competitive banks are stable banks

The close interplay between the financial sector and the overall economy is a key pillar of prosperity in Switzerland.

Mayer Brown represents BlackRock in landmark agreement to manage $80 billion of Citi Wealth client assets

The agreement includes BlackRock managing approximately $80 billion in assets for thousands of Citi Wealth clients.

A new government does not change France’s fundamental story

The European Central Bank also acts as an effective financial backstop

Taxing Billionaires: Wealth Dynamics And Revenues From A Global Minimum Tax – Analysis

Offshore tax evasion and the concealment of wealth in financial institutions headquartered in tax havens has been joined by investments

For fair wage development in the banking sector

Bank employees with lower and middle salaries should all benefit from a salary increase to maintain purchasing power and compensate for the real wage losses suffered over the years.

FINMA publishes consolidated ordinance covering the insolvency proceedings at financial market institutions

The existing regulations have been revised and adapted where necessary – based on findings from practical experience and academia.

Ex-Credit Suisse Executives Settle Over Risk Failures

The settlement follows a series of lawsuits brought by shareholders in New York, who accused Credit Suisse leadership of ignoring glaring weaknesses in risk management during the years leading up to the bank’s downfall.

Inheritance tax now tops half a million pounds for almost one in 10 estates

As house prices and asset values have steadily risen, more estates are being brought into the IHT net simply because the thresholds haven’t kept pace with inflation.

Citi Boss Andy Sieg Under Fire Amid Probe Into Bullying, Vile Outbursts and Sidelining Top Female Executives

The bank confirmed that it retained top law firm Paul Weiss to review Sieg's conduct after at least six managing directors raised concerns to human resources.

Superyachts and sanctions: the Supreme Court upholds the detention of Phi

Phi came to London partly for tax reasons (as she was to be onward exported into the EU) and partly at the invitation of a British magazine to participate in the World Superyacht Awards.

Neil Woodford and Andrew Bailey: Should the latter survive the former?

As the FCA hands out fines to Neil Woodford and his firm, Richard Buxton says the regulator needs to take its share of the blame for being asleep at the wheel as the crisis unfolded.

Carey Olsen contributes to updated TISE QIBM Listing Rules

The latest update ensures the QIBM Listing Rules remain relevant and proportionate for qualified investor debt listings.

Legal,Regulation,Tax & Compliance