Managers of Wealth

Billionaire Sues FTI Over Soros Smear Campaign Claim

FTI said the claims were without merit.

Austria finance minister turns heat on UK 'tax evasion'

Maria Fekter said the EU cannot force Austria to reform its banking secrecy laws without also forcing the UK to crack down on tax havens in its jurisdiction

Merkel and Cameron lay groundwork for tax evasion fight

Both Merkel and Cameron want the EU to have an "ambitious offer on the table" when talks get underway with the US on trade deals later this year.

Wealth tax to pay for EU bail-outs

Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone

Germany wants 'tax FBI'

In the light of recent offshore tax evasion revelations, the German government needed more enforcement capability to pursue scofflaws.

OSC accuses former CIBC, UBS investment banker of improper trades

He has negotiated a settlement agreement, which will be considered by a hearing panel on April 16.

A&O makes up 19 to partner around the world including six in London

This year's round comes after the firm made up 23 new partners in 2012, including nine female promotions. Just two of this year's new partners are women.

Barclays analyst caught in email gaffe: We’re going to steal website’s ideas

Barclays has been accused of “inappropriate” behaviour

Online petition in Europe challenges tax havens

Years of spending cuts and tax rises in countries struggling to tame national debts have stoked public indignation about tax avoidance by the rich.

UK signs tax deal with France, Germany, Italy and Spain

George Osborne has a signed an information exchange agreement with the finance ministers of France, Germany, Italy and Spain in the latest effort to crack down on tax evasion.

KPMG fires partner for allegedly giving private client information to a third party

The company said that the partner violated its policies and betrayed the trust of clients and colleagues.

'Tax cheats’ warned as HMRC launches new disclosure facilities

The agreements were based, in part, on the principles of the Foreign Account Tax Compliant Act.

Appleby advises Asia Mezzanine Capital Corporation on a US$30m facility to CAAM

The Appleby team was led by Jeffrey Kirk, the banking and asset finance team leader in Appleby’s Hong Kong office and assisted by Associate, Vincent Chan.

BNP Paribas Securities Services is first European custodian to offer a class action service

As of today, 95% of the class actions worldwide are still triggered in the US and Canada, yet this market practice is progressively expanding in a number of European markets, as well as in Asia.

Julius Baer Chairman Sees ‘Painful Adjustments’ Over Tax Efforts

It will undoubtedly lead to a few painful adjustments

MetLife hires Asia legal head from UBS

He succeeds Peter Cashin, who left his in-house role to join insurance firm Kennedys as a partner in Hong Kong.

Hong Kong nets only small fry for laundering illegal Chinese money

His conviction is one of the few in Hong Kong for money laundering, despite the city's reputation as a hub in money transfers, both legal and illegal, carried out by wealthy Chinese.

Credit Suisse, Julius Baer May Close Undeclared German Accounts

Switzerland, the world’s largest center for offshore wealth, is trying to shed its image as a haven for undeclared funds amid scrutiny from U.S. and European governments.

Austria feels heat of EU's anti-bank-secrecy drive

The European Commission said Frieden's comments, made to a German newspaper, were a step in the right direction and that the ball was now in Austria's court.

EU finance tax will devastate the City and damage economies, reports warn

The full impact of the tax on financial transactions imposed by the European Union can be revealed today as two major studies uncover the costs to economic growth and business expansion.

Legal,Regulation,Tax & Compliance