09/18/2013
Morgan Flattened by Whale
It is hard to know where to begin in describing the savage indictment by regulators in the US and UK of how JP Morgan Chase came to lose a breathtaking $6.2bn from the notorious "London Whale" trades.
Legal,Regulation,Tax & Compliance
09/17/2013
UBS Securities Japan Must Pay $100 Million in Libor Case (3)
A Japanese unit of UBS AG (UBSN), Switzerland’s biggest bank, was ordered to pay a $100 million fine as part of a global resolution of allegations that it manipulated benchmark interest rates.
09/14/2013
Prominent Hedge Fund Attorney Joins Murphy & McGonigle
Her practice focused on enforcement defense and regulatory counseling of financial services firms.
09/14/2013
Government tax adviser quits after talk on how to keep money out of George Osborne's 'grubby mitts'
He stepped down after he was recorded outlining the advantages of planning tax
09/14/2013
Wealth manager fined over failures
Its failures resulted in an unacceptable risk of Axa selling products which were unsuitable for its customer
09/14/2013
Swiss banks Demand Proof French Clients Not Dodging Tax
At least two Swiss banks are now asking French clients for proof they are not dodging tax
09/13/2013
Lib Dems Plan 'super' Mansion Tax for London
According to the Evening Standard, party president Tim Farron has proposed those with property and wealth exceeding £2 million could pay a higher levy than those caught in the original mansion tax net.
09/12/2013
Brussels Treading Difficult Line in Tackling Tax Evasion
But the news that the European Commission has launched a probe into the tax activities of some member states, including Ireland, has added a fresh element to proceedings.
09/11/2013
Advisers back Garnier over RDR review
Conservative MP for Wyre Forest and TSC member Mark Garnier has asked for the committee to consider an inquiry.
09/11/2013
KPMG Warns Over £50 Billion ‘Basel 4′ Capital Hole
The latest salvo in the leverage ratio lobbying battle was fired Thursday by KPMG – with the consultancy group warning that major U.K. banks may have raise £50 billion ($78.5 billion) in capital as regulators look to restrict the size of thei
09/10/2013
Lloyds Banking Group raids Swiss Private Bank for disputes chief
The day after customers of Lloyds TSB saw the bank split from its parent company in one of Britain’s most high-profile banking shake-ups.
09/10/2013
UK Govt Releases Infographic On Anti-Avoidance Work
The UK Government has released an interactive infographic giving an overview of its approach to reducing tax avoidance and evasion.
09/09/2013
KWM, Bakers, Freshfields shine at ALB HK Law Awards
The 12th annual event recognised Hong Kong and North Asia's best law firms
09/09/2013
Austria's Faymann Clarifies 'Millionaire Tax' Plans
Austrian Chancellor and Social Democrat party leader Werner Faymann clarified details of his party's wealth tax plans
09/09/2013
Deutsche Bank Faces Hearing Over Fired Euribor Traders’ Claims
Deutsche Bank AG faces a hearing in a lawsuit by four traders fired over the lender’s role in the alleged rigging of interest benchmarks after mandated mediation failed to produce a settlement.
09/09/2013
Swiss ok for US Fatca inches ahead
The agreement now returns to the upper house to iron out a difference in the two versions related to the date when the Fatca agreement will be implemented.
09/09/2013
Regulator Said Probing Deutsche Bank Over Expenses
Reuters News reports that the Securities and Exchange Surveillance Commission (SESC) found evidence of potential infractions during a regular audit of Deutsche Securities Inc, the German bank's investment banking arm in Tokyo,
09/09/2013
Bakers Seals Hire of McDermott's Head of European M&A
Baker & McKenzie has sealed the hire of McDermott Will & Emery's head of European M&A, Mats Sacklen
09/08/2013
Hargreaves Launches Legal Challenge to Rebate Tax
Ian Gorham , chief executive of Hargreaves Lansdown, said the introduction of what the group is calling a 'discount tax' is "extremely disappointing news and an attack on the small investor".
09/08/2013
Conyers Dill & Pearman receives two honours
Conyers Dill & Pearman took home two honours at the recent Macallan ALB Hong Kong Law Awards for its work on the Yahoo! Inc./Alibaba buyback, one of the most well-publicised deals of the year.