Managers of Wealth

Tax avoidance 'not a legal duty'

Britain's business leaders will be sent advice on Monday from a top law firm warning them they cannot claim it is their fiduciary duty to shareholders to avoid tax.

Barclays GC hire shows wariness of US-led regulatory world, say partners

Barclays appoints former US Treasury GC as UK banks increasingly seek regulatory skills

Bank of America, Merrill in $39 Million Gender Bias Settlement

Bank of America Corp agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid

Top level exits continue as BLP tax litigation head joins Clifford Chance

The firm said it had reached its “target number” of redundancies

G20 summit: states chase tax evaders with plan to swap data globally

New treaties will require financial institutions to automatically disclose customer assets to overseas tax bodies

OECD's Gurría presents G20 Leaders with proposal to tackle tax evasion

OECD Secretary-General Angel Gurría today presented to G20 Leaders ground-breaking proposals to tackle tax evasion and avoidance by both companies and individuals.

Netherlands Eyes Tax Treaty Update With Developing Countries

The Netherlands has tax treaties with over 90 countries

Mayfair-Firm Forsters Makes First Lateral hire in two years

Breedy Henderson partner Rosalyn Breedy has joined Forsters and wrapped up the niche private wealth practice she founded in the process.

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

Legal,Regulation,Tax & Compliance