Managers of Wealth

End of Swiss banking secrecy in sight by 2018

Long the bedrock of the Swiss financial sector, banking secrecy has come under mounting pressure since the global financial crisis.

Global law firm establishes presence South Africa

Johannesburg has become a key hub for local and international banks

Who’s getting the beach house? Tell your heirs now

Many Americans find out about their inheritance only after their parents have died. But as the country gears up for the greatest wealth transfer in U.S. history, experts are urging more transparency around the often-taboo topic of who gets what.

Switzerland says will begin talks with EU on sharing bank data soon

Switzerland will begin negotiations soon with the European Union and some other countries on automatically sharing data on Swiss bank accounts held by foreigners

Global Banks Face 25% Loss-Absorbency Rule in FSB Plan

The largest global banks will have to hold more capital and liabilities than previously reported that can automatically be written off in a crisis as much as a quarter of risk-weighted assets as regulators take on lenders deemed too big to fail.

Ex-UBS Exec Says Swiss Reports Belong In Tax Evasion Trial

A former UBS AG wealth management and banking head charged with helping U.S. taxpayers conceal their assets wants two public reports from Swiss banking authorities to be included in his trial.

U.S. Prosecutor Masterminded $37 Billion Bank Penalty Win

Outgoing Attorney General Eric Holder and his former No. 3 Tony West have dominated the limelight following multibillion dollar settlements against JPMorgan Chase & Co.

Offshore law firm advises Investec Asset Management on funds migration

Offshore law firm has advised Investec Asset Management Guernsey Limited on the migration and re-domiciliation from Ireland to Guernsey of Investec International Funds, a $1.2 billion fund of funds unit trust.

Elite private banking duo to fight back

The elite private banking duo may take legal action accusing the firm of wrongful termination for their firing last month, their attorney says

UBS to overhaul legal structure

The new structure should bring the bank in-line with Swiss rules established after the crisis to ensure banks do not become "too big to fail", potentially allowing it to cut back how much capital it must hold to cover possible losses.

Merrill team ordered to return $6.6 million in signing bonuses to Barclays

The arbitrators did not explain their decision, as is typical in FINRA rulings, but denied the brokers' counterclaims asserting fraud, negligent misrepresentation, and breach of contract to justify keeping the loans.

Indian, Swiss tax authorities expected to meet over controversial 'HSBC list'

New Delhi wants to exert pressure on the Alp nation following a pact between the world's key economies, G20, for sharing information on bank accounts and tax offenders.

Indian, Swiss tax authorities expected to meet over controversial 'HSBC list'

Indians can legally have bank accounts in foreign lands

Former accountant who almost pulled off £23m heist dubbed Scotland's crime of the century has died

ROYSTON Allen, who became a psychology lecturer at Aberdeen University after his release from jail for the audacious scam, was 62.

Hackers’ Attack Cracked 10 Financial Firms in Major Assault

The huge cyberattack on JPMorgan Chase that touched more than 83 million households and businesses was one of the most serious computer intrusions into an American corporation.

Tough talk on tax means nothing if every country does different things

Obama and Osborne have been quick to promise an end to avoidance. But this is best achieved through collective action

Swiss authorities give France documents on 300 UBS customers - SonntagsZeitung

The delivery of the documents was made possible by a revision to the Swiss Tax Administrative Assistance Act that came into force on Aug. 1

Lending to Limited Partnerships against Capital Calls By Andrew Evans & Philip Abbott

Private equity funds requiring money for investments frequently turn to lenders to bridge the gap between the date when the investment needs to be made and the date of the next scheduled capital call on its limited partners.

Julius Baer asked for $4.7 mln guarantee in French carbon market probe

Swiss bank Julius Baer has been asked by the French authorities to hand over a 3.75 million euro guarantee to cover potential fines should it be found guilty in a tax fraud investigation

Family team expands with new Partner hire

She joins the firm from Ashfords where she was a Partner.

Legal,Regulation,Tax & Compliance