Managers of Wealth

Trial of Deutsche Bank Co-CEO Fitschen looms

Jürgen Fitschen and four former executives of German lender Deutsche Bank are accused of falsely testifying in court

BSI Provides Road Map For Future Swiss Bank Agreements

The BSI nonprosecution agreement demonstrates the extraordinary level of disclosure and cooperation that Swiss banks are required to undertake in order to qualify for such a resolution, and provides a detailed road map for other Swiss banks seeking simila

The world's top detective for Nazi looted art: Sleuth has tracked down £250million worth of stolen art including priceless works by Picasso, Renoir and Matisse

He currently represents the heirs of renowned art dealer Paul Rosenberg

People earning £2m more than double share of income tax to 5%

People earning more than £2m a year — a small enough group to fit into the Royal Albert Hall — more than doubled their share of income tax to 5 per cent in the past five years

HSBC, JPMorgan, Credit Agricole to fight EU charges at June hearing – sources

The European Commission accused the three banks in May last year of manipulating the Euribor interbank offered rate after they refused to settle a case five months earlier, unlike six other banks.

Taxman gazes at rising stars of high net worth

Revenue & Customs is stepping up its scrutiny of the rising stars of sport, investment banking and entrepreneurial business

Thousands of managers "may be breaching Swiss rules"

The firm estimates that it will require a minimum of €1 million a year for each independent asset manager to become registered independently

RBC Wealth Management fined $1 million for lax oversight of sales tactics

RBC previously made unspecified payments to more than 100 customers who sued the firm in California.

Whistleblower receives more than £1m

The US Securities and Exchange Commission has paid a compliance officer between $1.4m and $1.6m

FATCA - Impending Deadlines for BVI Financial Institutions

This article provides a reminder of the impending deadlines and action that is required for those BVI entities that are classified as “Foreign Financial Institutions” for the purposes of FATCA.

Crédit Agricole loses suspicious transaction case

No money laundering charges or allegations of money laundering have been brought against Mr Symes or the bank.

The fake Ferrari shares being flogged by sham adviser, exposed by Telegraph

Special investigation: Just as British savers are being told to be on "red alert" for scam investments, Katie Morley uncovers the disturbing truth about a firm claiming to sell Ferrari IPO shares

Switzerland To Amend Tax Treatment Of PEs

Switzerland is to amend federal tax legislation to prevent the double taxation of certain permanent establishments (PEs) located in the country

Judge Rules Divorced Wives to Get a Job… Or Perhaps Not?

Having taken a much fairer stance in their approach to capital distribution on divorce, Judges are now also moving away from ‘joint lives’ spousal maintenance orders (which provide on-going financial support for the financially weaker party) t

China Fines Mercedes $56Mln for Fixing Luxury Car Prices

Luxury German car maker Mercedes is hit by a 350 million yuan (almost $56.5 million) fine by regulators over price fixing in the burgeoning Chinese market

Deutsche Bank hit with largest Libor fine in history

The fine is so large because Deutsche Bank also misled the regulator, which could have hampered its investigation.

Finra Orders RBC to Pay $1.4 Million For Selling Risky Investment Products

Fines and restitution relate to the improper sales of structured investment products to more than 200 retail investors

DOL Rule, Anti-Money Laundering Top Priorities for Raymond James

While it’s too early to report specifically where Raymond James stands on the new proposal, Curtis said on the surface, the new DOL proposal appears to be significantly better than the one put forward in 2010.

Bank signs deal over £2m sex discrimination claim

Details of the payout were not disclosed after the agreement was struck just hours after it was due to go into its second day.

Fraudster conned £17k from City firm to buy wedding and honeymoon

She stole money from Insight Investments on the day after she started working there

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