Managers of Wealth

FSA to set out proposals for new banks to challenge high street 'big four'

The creation of new banks to challenge the "big four" of RBS, Lloyds Banking Group, HSBC and Barclays

U.S. Seeks Answers in Liechtenstein on Tax Cheats

“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter

Swiss banks face US Libor lawsuit

The London Interbank Offered Rate (Libor) is used as a reference point for mortgages and other trades worth around $300 trillion

FSA announces stockbroker placed in administration regime

The firm’s placement into the regime marks the fourth time the SAR has been initiated by the FSA.

Osborne seeks to curb drift of UK fund managers to Ireland

“Now we’re at the top. But in this global race, we cannot keep still,”

Private client adviser charged with murder of Mayfair socialite

Troyan died on 8 March at his flat in Mount Street, Mayfair, central London.

Standard Chartered in 'wilful' breach apology

Sir John Peace, the chairman of Standard Chartered, has been forced to issue a humbling apology for claiming that the bank had no “wilful” intention to break US sanction rules.

Rothschild Loses Daily Mail Libel Suit Appeal in London

Rothschild lost his bid to replace the chairman and chief executive officer of Bumi last month.

Dodd-Frank Swap Data Fails to Catch JPMorgan Whale, O’Malia Says

“The problem is so bad that staff have indicated that they currently cannot find the London Whale in the current data files.”

French budget minister in tax fraud probe resigns

His resignation comes at a sensitive time for Hollande's government as it undertakes a process of redrafting deficit reduction plans vital to maintaining fiscal credibility with France's euro zone partners.

UBS poised to quit scandal-hit Euribor panel

The banking sector has been rocked by repeated scandals over the manipulation of Euribor and its London-set equivalent, the Libor.

HSBC Faces New Money Laundering Claims

"There was decisive participation" of HSBC executives in hiding financial information from the authorities.

RBI to probe gold coin sales, wealth management at banks

The Reserve Bank of India has widened its probe of Axis Bank, ICICI Bank and HDFC to include wealth management and sale of gold coins of all active banks, a move that may lead to stricter guidelines on these activities if any loopholes are found.

Canada Partners With Panama to Fight International Tax Evasion

The agreement sets out the legal framework to enable tax authorities in both countries to exchange information relevant to the administration and enforcement of their respective domestic tax laws.

FSA fines servicing firm £2.4m for market update failures

The systems and controls failings meant crucial information was not available to investors on a timely basis.

Ex-UBS Executive Deceived by Girl and Pimp, Lawyer Says

Buergin, 41, is the first of 51 men charged by police for having paid sex with the girl to stand trial

Hedge fund firm fined £9.2 million for insider trading of Dell shares

Sigma Capital Management has agreed to pay $14 million (£9.2 million) to settle charges for insider trading

US hedge fund SAC pays record fine to settle insider trading allegations

SAC Capital, a hedge fund run by billionaire Steve Cohen, is to pay $600m (£397m), the biggest insider dealing fine in history

Fatca, French deals with US overlooks needs of Swiss expats

Swiss Abroad slams gov’t for hasty tax deals that don’t consider country’s expats

Italian Police Seizes Bulgari's Assets in Tax-evasion Probe

Among the seized assets there were several properties including one in Rome's renowned shopping street Via dei Condotti.

Legal,Regulation,Tax & Compliance