Managers of Wealth

US Asset Managers Overreacting to Risk Panel Review -Treasury's Miller

FSOC meeting to explore the activities and potential risks in the asset management industry

Credit Suisse pleads guilty in $2.6B settlement

The settlement marks a major U.S. legal victory in a continuing U.S. investigation

Civil Penalty Shoot-Outs: Only Ever One Winner by Simon Harding, Appleby

Recent published decisions of the enforcement division of the UK Financial Conduct Authority (FCA) have provided for significant civil penalties against high profile financial institutions.

Financial Sanctions Regimes by Claire Milne, Appleby

Due to the on-going conflicts in Syria and Ukraine, there has been much in the press recently about financial and economic sanctions

Ex-UBS Banker in Swaps Deal Arranged for Strippers

A German water utility alleged a former UBS AG banker had an “inappropriate” relationship with consultants advising on disputed swap deals, the latest lawsuit to highlight how complex financial instruments backfired on municipal agencies durin

GlencoreXstrata faces fresh grilling over business deals in Congo with Israeli businessman Dan Gertler at annual meeting

GlencoreXstrata will face a fresh grilling over its business deals in the Congo with Israeli businessman Dan Gertler at its annual meeting tomorrow.

Credit Suisse CEO faces more calls to quit in U.S. tax dispute

In my opinion, the CEO as well as the chairman of the board must go in order to save the bank

Tax Havens Feeling the Heat From Tax Collectors

Switzerland isn’t the only tax haven feeling the heat from countries that are trying to scrape more revenue by raking in taxes from citizens with undeclared offshore assets.

‘Criminal inquiry’ into Brazil’s national football coach

Luiz Felipe Scolari, Brazil’s national football coach, is under investigation in Portugal for taxes allegedly unpaid while he coached the Iberian country’s squad

City broker fined £1.3m over Libor rigging

Interdealer brokers are expected to act as trusted intermediaries and are key conduits of market information

Leading offshore firm maintains strong presence in Wealth Sector Leaders list

Now in its ninth year, the Citywealth Leaders List is compiled through recommendations of global peers, clients and charitable organisations and is a guide to the leading wealth managers and advisers worldwide.

Tax system flaws leave professionals paying 60 per cent

Nonsensical' tax cliff-edge leaves families paying hidden marginal tax rates in system

International law firm boosts energy team

Law firm has promoted director and energy specialist

Anthony Thompson named as lawyer of the year at the Citywealth Magic Circle Awards 2014

Anthony Thompson has been named as lawyer of the year at the Citywealth Magic Circle Awards 2014.

Government to make offshore tax evasion a criminal offence

Currently HMRC has to demonstrate that even when someone failed to declare offshore income, that the individual intended to evade tax

UBS refuses to share info on stud-farm owner

Swiss bank UBS has refused to share any information with Enforcement Directorate on matters related to alleged money laundering and tax evasion by Pune based stud-farm owner Hasan Ali

$2b deal likely in Credit Suisse tax evasion probe

The talks between Credit Suisse and Benjamin Lawsky, New York’s financial services superintendent, are ongoing

IMA's pounds and pence fee plans approved by regulator

Proposals that will see fund managers break down profits and losses in pounds

Advisers build brisk business with legal services arms

Loughborough-based Chesterton House Financial Planning also recently launched a solicitor arm

Rathbones buys law firm as it continues hunt for opportunities

The company said the purchase would ‘add depth to the range of its advisory services’. Rooper & Whately was founded by trust planning specialists Matthew Wakefield and Julian Whately in 2009.

Legal,Regulation,Tax & Compliance