Managers of Wealth

Gold rises on Swiss central bank's move

Gold prices edged higher Thursday after Switzerland's central bank said it would introduce negative interest rates next year and as traders continued to adjust their outlook on US monetary policy.

Qatari ruling family hit with £38million stamp duty bill after using tax avoidance scheme on purchase of Chelsea Barracks

The Qatari ruling family has been ordered to pay £38million in stamp duty for the purchase of Chelsea Barracks after using an aggressive tax avoidance scheme to avoid the bill.

German bank sues Ecclestone for 345m euros: report

The Bavarian state bank, who were unavailable for comment on Friday, accuses the British billionaire of bribing one of its executives to influence the 2006 sale of Formula One's rights.

British police arrest ex-RBS trader in currency probe-FT

A City of London police spokeswoman declined to comment on the identity of the individual or whether they had been released on bail after questioning, saying only it was an SFO-led investigation.

Credit Suisse and GLG settle Desmond court case ‘for £10m’

Media baron Richard Desmond has won a victory over Credit Suisse and hedge fund group GLG after they settled his £42 million court case over what he claimed was an “incomprehensible” financial investment.

Law firm for the super rich

Withers enters a competitive and growing legal market of serving private clients

EU Leaders to Urge Stepped-Up Fight Against Tax Evasion

EU leaders attending today’s summit in Brussels will call for a renewed push against tax evasion as cash-strapped nations seek more ways to refill depleted government coffers.

Swiss National Bank will cut interest rate to minus 0.25%

Switzerland's National Bank will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country.

U.S. regulators seek information on asset managers' risks

The U.S. financial risk council on Thursday requested information on asset managers' key risks as part of an attempt to determine whether the industry poses a threat to markets.

Switzerland’s Big Banks Closely Eye Negative Rate Move

Switzerland’s big banks, UBS and Credit Suisse, are carefully assessing the Swiss central bank’s move to introduce a negative interest rate on deposits—which could cause each of the lenders to take a direct financial hit.

Arch chief’s wealth in the spotlight after court defeat

SPL, the board of the cell companies that make up the failed Arch Cru funds, took Arch Financial Products to court in November 2013, alleging gross negligence in Arch's role as manager of the funds.

Bermuda Seeks to Increase Regulation with Insurance Amendment Act 2014

Aligning Bermuda’s insurance framework to take into account Solvency II standards and initiatives;

Money laundering: Parliament and Council negotiators agree on central registers

The rules would also require banks, auditors, lawyers, real estate agents and casinos, among others, to be more vigilant about suspicious transactions made by their clients.

Two Swiss VAT Rule Changes From January 1

A second change deletes Article 16, paragraph 3 of the Value Added Tax Ordinance

UBS Loses Appeal in French Tax Evasion Probe

UBS to Challenge French Ruling at European Court of Human Rights

Legal Swiss Cheese

Trademark lawsuits can be a little dry, but a California case in the fall has drawn attention not only because it involved John Wayne and a whiskey named “Duke,” but also because it highlights a growing tussle over legal ethics.

Switzerland Fissures as Account Secrecy Loses Charm

Fortress Switzerland is showing more cracks.

Wealth managers hit out over ‘crippling’ suitability requirements

The watchdog has been visiting firms this year, and will publish a thematic review on due diligence in 2015, encompassing suitability requirements.

Jersey companies listing on the world’s stock exchanges

Carey Olsen acts for more LSE main market and AIM clients than any other offshore law firm.

Netherlands Asks Bankers to Swear to God

I swear that I will endeavor to maintain and promote confidence in the financial sector

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