Managers of Wealth

Swiss President Stands Firm On German Tax Deal

Widmer-Schlumpf warned that there is either this treaty or no accord

Looking after the family silver - Asian style

These two cases illustrate well how important it is for successful and wealthy businessmen to have a clear and robust succession plan that lays out how their own personal wealth is to be divided, when the time arises.

FSA issues warning over 'rare earth' metals investments

An increasing number of people are being approached by firms promoting investments in rare earth metals and related schemes.

UK government rejects calls for British version of FATCA

Magazine claims draft legislation exists already

UniCredit unit offices raided in probe

The raids, at the behest of Frankfurt prosecutors, were carried out by 60 police, tax inspectors and federal criminal investigators. Eight people were being investigated on suspicion of deliberate tax evasion.

FSA to review bribery and corruption in the asset management industry

The law firm says twenty two asset managers have already been identified for review with the regulator set to publish its report in the third quarter of 2013.

Insider-Trading Probe Looms Over Hedge Fund Titan

For years, since the SEC began its far-reaching investigation into insider trading within the hedge fund universe, its probe has led to civil and criminal charges against former SAC traders and investment managers.

Barclays sacked five staff over Libor manipulation scandal

Rich Ricci, the head of Barclays investment bank, revealed 13 staff had been disciplined in total

London Stock Exchange CEO says Italy Tobin tax an error

The London Stock Exchange controls Italy's Borsa Italiana

Harvard Doctor Turned Morgan Stanley Felon Was Lured by Riches

"He was always setting goals and reaching them -- and never being satisfied.”

Morgan Stanley Wins Unfair Competition And Raiding Case Against Robert W. Baird

Claimant sought compensatory damages, punitive damages, attorneys’ fees, and costs against Respondent Baird.

Morocco Eyes Tax On Wealth

The minister insisted that the government would have to make sure that the tax could be adapted to Moroccan society.

Links and Addleshaws head up £12bn Quilter-Cheviot wealth management merger

The merger, which is subject to regulatory approval, is expected to be finalised by the end of the year, with the merged firm known as Quilter Cheviot.

FSA fines UBS over trading scandal

The systems and controls failings revealed serious weaknesses in the firm’s procedures, management systems and internal controls.

Revenge of the nerds as banks see risk, compliance hiring boom

Traditionally one of the least glamorous jobs in the sector, these staff are in hot demand at a time when nearly all other parts of the banking industry are getting cut.

Macfarlanes rehires top-rated private client partner from Speechlys

He will rejoin the firm in the first half of 2013, bringing the total number of private client partners at Macfarlanes up to 13.

Swiss to vote on tax rules for millionaires

Switzerland could scrap tax breaks for foreign millionaires after activists succeeded in getting a more-than-century-old law put to a popular vote.

UBS reportedly nears £50m settlement following Kweku Adoboli fraud

UBS is reportedly nearing a settlement with regulators that could land it with a fine of up to £50m for failures that led to a $2.3bn (£1.4bn) rogue trading loss.

BNP Paribas Warns Investment Trust Boards of Changing Role Under AIFMD

BNP Paribas is urging Investment Trust Boards to begin working through the challenges the rules present or risk a duplication of effort, needless complexity and possible breaches of fiduciary duty.   

Germany rejects landmark Swiss tax deal

The SBA takes note of this decision with regret

Legal,Regulation,Tax & Compliance