Managers of Wealth

Miliband ducks questions over his own wealth

Ed Miliband found it easy enough to criticise David Cameron’s “millionaire” status, but when questioned about his own personal wealth, the Labour leader struggled to find an answer.

Wall Street banks should quit New York to escape hostility

Wall Street banks should quit New York because the state has "made war" on the financial services industry for the last decade, an analyst has argued.

RBS investigated by NY Attorney General

Royal Bank of Scotland is among the banks under investigation by New York’s top prosecutor over the sale of mortgage-backed bonds before the financial crisis.

Class action filed against Assante Wealth Management

The issues giving rise to this claim came to light after Brian Malley was charged with the first-degree murder of one of Assante's clients for whom he acted as investment advisor.

UBS trader was interviewed as suspect

A close colleague of accused UBS “rogue trader” Kweku Adoboli was interviewed by police as a suspect, a London court heard on Wednesday.

HMRC 'discriminates against millionaires'

The taxman appears to have launched "a discriminatory attack" on millionaires, a leading accountancy firm has said.

France and Germany try to revive EU-wide financial transaction tax

The undated letter solicits the Commission to ask the 27 EU member states to decide whether they want to cooperate on a common FTT.

Four charged in £3m insider dealing case

A number of individuals remain under investigation.

Tribunal upholds FSA decision to ban and fine Swiss fund manager

The Tribunal also directed the FSA to ban all three individuals from performing any role in regulated financial services.

Thousands in Germany protest against wealth tax

Organizers said Saturday around 40,000 people took to the streets in 40 cities to demand a more equal society.

Hedge fund founder reveals £34m tax bill

The 51-year-old admitted that he was not "whiter than white" and had paid an overall rate of just 39pc in the last financial year, as he makes the majority of his money from dividends rather than salary, which are taxed at a lower rate.

Greece Seeks Taxes From Wealthy With Cash Havens in London

The London real estate market was abuzz.

Libor interest rate riggers 'should face prosecution'

A report into the Libor rate rigging scandal says the system is broken and suggests its complete overhaul, including criminal prosecutions for those who try to manipulate it.

Standards Commission told to set up bankers’ qualification

Mike Dailly from the Financial Services Consumer Panel argued this would also make it easier to deal with poorly behaved bankers.

Former Credit Suisse banker arrested

"He was taken into police custody and extradition proceedings will commence at Westminster Magistrates Court tomorrow," a police spokesman said.

Adjustments to FSA’s liquidity and capital regime for UK banks and building societies

The Financial Policy Committee has today published the record of its meeting held on 14th September - alongside this the FSA has published more details of the adjustments made to the liquidity and capital regimes for UK banks and building societies.

Baker Tilly appoints new private client tax associate director

He most recently worked for specialist tax practices linked to the Lloyd’s insurance market.

Alexander to end contracts for tax evaders

“Taxpayers’ money should not be funding tax dodgers,” he told the Liberal Democrat conference. “So I have tasked HMRC and the Cabinet Office to come up with a workable solution to this problem and we will set out more details later

RBS Instant Messages Show Libor Rates Skewed for Traders

Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to electronic messages the bank is trying to make secret.

Rajiv Goel Sentenced To Probation And Fines

The US federal court in New York on Monday sentenced him to two years of probation, a fine of $10,000 and ordered him to forfeit $266,000.

Legal,Regulation,Tax & Compliance