Managers of Wealth

The ongoing ethics struggle of banks

The Swiss Bank Employees Association has told an uncomfortable truth: it was “generally known” that for many years some of their employers profited from customers’ “tax evasion.”

Private banker jailed for stealing to fund addiction

An private banker who stole nearly £600,000 from wealthy clients to fund his gambling habit has been jailed for two years.

Brewin Dolphin sues Charles Stanley over mass defection of staff

The case comes after six senior employees from Brewin Dolphin’s own Leicester office, including former branch head Ed Cufflin, left the firm back in March 2013 to open a Charles Stanley base in the same location.

Crowdfunding aggregator slams FCA intervention

Investors contributing tiny sums could be faced with multiple pages of paperwork, company founder claims.New regulatory rules governing investment into ‘crowdfunding’ projects could effectively alienate the small-time investors the funding mec

What price taxation? Swiss privacy and the truth about offshore banking

Nowhere was the unedifying hubris of the bankster classes more obvious than in Swiss real estate.

London HNWI buyers scared by tax changes

Even rumours of a so-called “mansion tax” were enough to stagnate the prime property market in London, a panel of experts heard today

Indiai posts officers in 7 nations to crack down on offshore tax evasion

India has recently operationalised seven new Income Tax Overseas Units (ITOUs) in countries like Germany, US and France.

Bircham Dyson Bell strengthens private client with Ambrose Appelbe merger

Bircham Dyson Bell managing partner Jesper Christensen said he had approached Ambrose Appelbe some time ago on a speculative basis, with a view to strengthening the firm’s family and private client teams.

Carey Olsen remains top offshore legal adviser to LSE clients

The Corporate Advisers Rankings Guide lists institutional advisers and their quoted clients.

Britain to scrap Bitcoin tax

The UK’s welcoming approach to Bitcoin contrasts with the approach of other countries, amid concerns about its use for tax evasion and money laundering as well as its notoriety for wide fluctuations in value.

Linklaters loses second capital markets partner in two months

Linklaters has lost another capital markets partner with the exit of Nigel Pridmore, who quit the firm last month.

Review of implementation of platform rules

Watch our video for the findings of our review of how firms are preparing for the implementation of the new platform rules.

US FATCA in the UK | Updated HMRC Guidance Notes released

These guidance notes supersede the version released on 14 August 2013 and reflect the contributions received from UK businesses and advisers prior to the updated US FATCA Regulations issued by the IRS and US Treasury on 20 February 2014.

Lloyds private banker wins substantial compensation for unfair dismissal

Banker unfairly sacked over claims he was moonlighting for heavyweight champion

Ex-ABN Amro Lawyer Sues for Bias Over Black Sheep Remark

ABN Amro Group NV’s former top lawyer in the U.K. sued the Dutch lender for race discrimination over her treatment by an executive who allegedly said “let’s talk about all things black” and claimed he couldn’t see her in a ph

Banking on leverage by Stefan Ingves, Chairman of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank

Today I will focus on the Basel III leverage ratio and its role in the regulatory framework.

Legal,Regulation,Tax & Compliance