Managers of Wealth

Credit Suisse sued in U.S. over alleged business related to oligarchs

The law firm alleged disclosure shortcomings around a securitisation deal.

Another Setback For Credit Suisse

60 percent were against the discharge, which proxy advisors ISS and Glass Lewis recommended rejecting because of the significant financial damage and reputational cost to the bank.

Updated Global Financial Regulation, Transparency, and Compliance Index

The Index is a simple and understandable ranking of the extent to which individual countries adopt, comply with, and enforce a set of global standards.

HSBC set to be accused of greenwashing by Advertising Standards Authority - reports

The UK advertising authority judged the effect of the campaign was to lead customers to believe the bank was making "a positive overall environmental contribution as a company," a ploy that could influence decisions around financial products.

Ukraine: Further EU sanctions against Russia implemented

This is to enable Switzerland to export NBC protective equipment under a request for assistance from the OPCW.

Four Charged In Connection With Multi-Billion Dollar Collapse Of Archegos Capital Management

Sung Kook (Bill) Hwang – the Founder and Head of Archegos – and Three Others Charged with Racketeering and Fraud Offenses Related to Market Manipulation Scheme

Bufferati - speech by Sam Woods

Sam Woods looks at the rules that are in place to make sure banks have enough capital put aside to withstand economic shocks. He sets out a radical, alternative approach that he argues would be much simpler.

Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system

This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements related to the Foreign Account Tax Compliance Act

The Global Risks Report 2022: Worlds Apart

It concludes with reflections on enhancing national and organizational resilience, informed by lessons from year two of the pandemic.

Two Russian Oligarchs Die in Mysterious Circumstances 24 Hours Apart

The scene suggested the women had been stabbed, before Protosenya hanged himself in the garden.

Pictet AM: Late ESG Investors to Benefit From Better Regulations

Nonetheless, there was an indication of growing demand with nearly 55 percent planning to invest in ESG products within the next 12 months.

Holiday homes and Inheritance Tax planning

Many clients think only in terms of inheritance tax, but income tax, capital gains tax and stamp duty land tax also need to be considered.

Proposals to simplify the Company's dual share class structure through enfranchisement

Under the enfranchisement, each Non-voting Share will be converted into one Ordinary Share and all such re-designated shares will have the same rights as the existing Ordinary Shares, including full voting rights.

Investec reiterates 'sell' recommendation for Schroder UK Public Private Trust

‘Wary of siren’s call’

Credit Suisse's U.S. Pension Business Under Threat

Institutions or individuals that manage pensions overseen by the Labor Department are required to get permission to continue operations in the event of certain criminal convictions.

Caviar and Diamonds Are Targeted in New U.K. Sanctions on Russia

That takes the total value of Russian goods affected to more than one billion pounds.

PNG Prime Minister Voices Support for UBS Ban

Marape voiced support for the counsel assisting the commission's recommendations earlier this week to penalize UBS’ Australia arm

UBS U.S. Legal Dispute Ends With a Wire Transfer

The officer was fired in 2018, and sued the firm later that year for defamation, initially winning an $11.1 million award following arbitration.

Is Liquidation the Only Option Left for Credit Suisse?

A closer look quickly reveals that the problems are now much deeper, and several things are striking.

UBS Wires $14.1M to Ex-Compliance Officer Capping Off Battle over Defamation Award

The firm would have had to petition the U.S. Supreme Court for a hearing to continue with any appeal.

Legal,Regulation,Tax & Compliance