Managers of Wealth

About 35,000 Global Bank Employees May Face EU’s Bonus Curbs

The workers facing the EU rules, which would cap bonuses at twice annual pay, include 23,450 bankers in the U.K.

FCA slaps Aberdeen over £685m client money failings

Aberdeen fully cooperated with the FCA’s investigation and agreed to settle at an early stage, qualifying for a 30% discount to their fine. Without the discount the fine would have been £10,275,000.

Swiss private bank group sees U.S. Tax spats resolved by 2015

Hundreds of banks may be covered by an accord between the U.S. and Switzerland over how to punish firms that used accounts to help American clients evade the Internal Revenue Service

International law firm bulks up in Paris with tax hire

The International law firm is set to launch a French Tax practice after appointing Eugénie Berthet in Paris.

Saffery decision pays off as fee income rises

The latest figures put the firm 14th on the national league table of accountancy firms.

Speechly aims at Europe with Geneva launch

Home to a third of the world's privately held wealth and a quarter of the world's private banking, Switzerland is a key market for Speechly Bircham where it advises on the complex cross-border wealth management needs of its clients and their adv

Updated: Baker Tilly completes RSM Tenon Acquisition

The acquired firm will continue to trade under its own name "for a short period of time" until it operates under the single Baker Tilly brand.

KPMG Stays Top of Auditor Rankings List

KPMG has held onto its top spot as auditor for stock market clients with 376 listed clients followed by PwC, Deloitte, EY and BDO respectively.

Merkel to press for tighter curbs on hedge funds at G20 summit

The German chancellor used her weekly televised message yesterday to say that it was time to push for faster progress.

Libor Rate-Probe Spotlight Shines on Higher-Ups at Citigroup, Other Banks

My actions were entirely consistent with those of others at senior levels" in Citigroup Japan

U.S. Outlines Penalties for Swiss Banks in Tax Evasion Probe

This program will significantly enhance the Justice Department’s ongoing efforts to aggressively pursue those who attempt to evade the law

World's top banks on track to meet tougher capital rules

The rules, known as Basel III, are the main global response to undercapitalized banks

Bakers unveils record results for 2012/13 with revenue topping $2.4bn

The chairman of Bakers’ executive committee Eduardo Leite said revenue growth had been steady across all of the firm’s regions, while the positive financial results reflected both organic growth and expansion into new offices in Casablanca, Li

JPMorgan’s former “London Whale” supervisor arrested in Spain

JPMorgan is battling to salvage its corporate image amid a swirl of litigation and investigations in the wake of the financial crisis

British Public Wants More Action to Stop Tax Dodging

The 10-point Lough Erne communique contained 13 uses of the word ‘should’ and not a single use of the word ‘will’.

Switzerland to Agree Plan for Banks to Settle U.S. Tax Spat (1)

Switzerland said it has agreed to a draft plan with the U.S. for the country’s banks to settle a tax-evasion dispute after years of diplomatic wrangling.

Details surface of US Justice, Swiss banks deal

Details are emerging of the deal worked out for a settlement between the US Department of Justice (DOJ) and Swiss banks.

AME Info, Abu Dhabi, United Arab Emirates, Banking Briefs

Jordan-headquartered Arab Bank has announced that a New York federal court has dismissed over 90 percent of the claims in a long-running lawsuit

Swiss bankers lobby backs plan to end U.S. tax dispute

Statement from the Swiss Bankers Association regarding the Federal Council decision on the US programme

Swiss bankers lobby backs plan to end U.S. tax dispute

Statement from the Swiss Bankers Association regarding the Federal Council decision on the US programme

Legal,Regulation,Tax & Compliance