Managers of Wealth

Addleshaw Goddard enters into a Hong Kong association

Addleshaw Goddard has announced plans to increase its capability in Hong Kong through a formal association with a newly established local firm

Swiss outline what-if rescue option for big banks

Switzerland's two biggest banks would have to be rescued by its creditors and shareholders before the government steps in with a bailout

Legal costs mount for Europe's banks

Many of Europe's top banks have more than tripled their provisions for litigation and regulatory expenses over the past year

Lib Dems plot tax raids on the rich

The Liberal Democrats are planning a raid on the wealthy after the next election

LME and Goldman face suit over metals 'monopolism'

The lawsuit alleges "anti-competitive and monopolistic behaviour in the warehousing market in connection with aluminium prices

Killik hit with £544,000 FSCS bill

Killik described the bill as a ‘large payment’ and said its size came down to the portion of costs it had to pay in order to compensate clients for the failure of other financial institutions.

HSBC replaces long-time auditor KPMG with PwC

HSBC Holdings said PricewaterhouseCoopers (PwC) will be its auditor from 2015, replacing KPMG, in the first change by a major UK bank after calls from regulators for firms to change their accountants more regularly.

DWF Leeds advises Mattioli Woods on £6m acquisition

The deal is valued at up to £5.99 million and is to be satisfied partly in cash

New reports review jurisdictions’ information exchange - OECD

The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.

Four arrests made in FCA's insider dealing investigation

The FCA with the assistance of the Metropolitan Police has this morning executed search warrants in West London.

Liechtenstein Bank Gets Non Prosecution Agreement, To Pay $23.8 Million

The NPA provides that LLB-Vaduz will not be criminally prosecuted for opening and maintaining undeclared bank accounts for U.S. taxpayers from 2001 through 2011

SJ Berwin partners vote through $1bn merger with KWM

SJ Berwin will become one of four partnerships under KWM’s existing Swiss Verein

Billionaire Saudi prince loses UK court battle over Gaddafi jet

The High Court ruling is an embarrassment for Prince Alwaleed bin Talal

Paris tax hunt sends French to Switzerland

Her comments came after Paris and Bern signed a deal earlier this month changing the way cross border inheritance is taxed, as part of a French drive to rake in taxes.

Italy and Vatican Sign Tax Agreement

Italy and the Vatican have laid the groundwork for future cooperation in the fight against financial crimes.

Barclays fights financial authority findings on Qatar deal

The FCA and Britain's Serious Fraud Office have been investigating for about a year the circumstances surrounding the Qatari cash injection secured by Barclays, which is struggling to restore its reputation after a string of scandals.

SEC charges analyst Sandeep Aggarwal in SAC Capital case

The analyst, who usually lives in India, had previously worked for Microsoft, and used information from one of his contacts at the technology giant to help Mr Lee profit from the deal, it is alleged.

Israel Diamond Exchange Negotiate With Tax Authority Over Diamantaires' Fate

Israel's tax authority and the Israel Diamond Exchange are currently in negotiations as to whether diamantaires who were involved in an undisclosed bank that operated within the IDE should be granted immunity from criminal proceedings in exchange f

UK Serious Fraud Office to get £2M for Barclays probe

The UK Treasury will likely pledge £2M in "blockbuster funding" to the Serious Fraud Office to assist the department in broadening its investigation into Barclays' (BCS) 2008 fundraising activities, FT says.

U.S. Seeks PNC, Wells Fargo, JP Morgan Records To Find Tax Cheats--From Norway

In the latest example of how the world’s wealthy nations have ramped up cooperation against offshore tax evasion

Legal,Regulation,Tax & Compliance