Managers of Wealth

Millions in frozen Mubarak regime’s assets trapped due to legal requirements, political situation

A meeting was held with Lauber’s Egyptian counterpart Nabil Sadek later during the day to discuss next steps in the process.

Turnover at British luxury watch-maker Bremont rises by 30 per cent to £11.7m

Accounts for the business filed at Companies House show pre-tax earnings hit £800,000 in the year to March 31, 2015, down from £1.6m a year earlier.

Bordeaux Liber Pater winemaker found guilty of fraud 

The producer of Bordeaux's rare Liber Pater wine, Loïc Pasquet, has been found guilty of defrauding authorities of almost 600,000 euros in EU funding - but he plans to appeal the ruling.

Billions of dollars of the “Royal” family deposited in a Dubai Bank

He made this observation today at the Cabinet briefing held at the Information Department Auditorium.

International law firm launches Luxembourg office

Following approval granted by the Luxembourg Bar, the office is set to open today, 12 January.

Goldman Sachs To Shell Out $5B To End MBS Probes

Goldman Sachs said as a result of the $5.06 billion settlement, its fourth-quarter earnings will be affected by approximately $1.5 billion on an after-tax basis.

ANZ Bank Sued by Two Traders Fired Over Offensive Messages

The two men were among seven traders suspended by the bank in November 2014

HMRC chief: HSBC Swiss tax dodge prosecutions 'unlikely'

So far only one person has faced prosecution as a result of the investigation into HSBC Swiss bank account holders.

Swiss Attorney General to address restitution of frozen embezzled funds

The CHF 700m that the Mubarak embezzled in under the pretence of restoration to the presidential palaces has been frozen in Swiss banks since 2011

German prosecutors launch 2,000 tax cases against UBS clients: paper

Investigations into tax dodging began after the state of North Rhine-Westphalia bought a CD containing details of UBS customers in 2012

Julius Baer CEO Says U.S. Tax-Fine Provision Is ‘Pretty Final’

Julius Baer, Switzerland’s third-largest wealth manager, announced last month that it increased provisions to settle the U.S. case to $547 million

Swiss taxman says delay payments to beat negative interest rates

Taxpayers in parts of Switzerland this year face an unusual request from fiscal authorities: please delay settling your bill until as late as possible.

Financial advisers say wealthy will accept super tax hike

Most people understand that the incentives for saving within super are exemplary compared to other vehicles and that it is important the system is seen as fair and equitable.

Irish billionaire who lives in Malta ‘investigated by Ireland's criminal assets bureau’

CAB’s remit involves investigating the suspected proceeds of criminal conduct.

Fiduciary Decision Making in Respect of Assets Under Trust - Guernsey Financial Services Commission

This topic was chosen as it represents a key responsibility of trustees and is also a common theme in complaints notified to the Fiduciary Supervision Policy and Innovations Division (“the Division”).

British Regulator Proposes Additional Rules to Claw Back Banker Bonuses

A public comment period on the proposal runs through April.

Your boss can snoop on your messages - even private ones, says European Court of Human Rights

The court has ruled that it's reasonable for a company to check employees' email and instant messaging and that doing so doesn't violate their right to confidential correspondence.

Chinese banking regulator asks banks to reduce yields on wealth management products: sources

The China Banking Regulatory Commission could not be reached for comment, while the Central Depository and Clearing Corporation declined to immediately comment.

Steven A. Cohen Barred From Supervisory Hedge Fund Role

SEC Examinations and Independent Consultant Reviews Also Part of Settlement

Leading U.S. Law Firm Continues International Expansion

Butler Snow partner Kurt Rademacher will head up the Singapore office.

Legal,Regulation,Tax & Compliance