Managers of Wealth

Tax taskforce will hunt rich targets abroad

‘Shady’ tax dodging millionaires who stash their wealth offshore will face a government crackdown, Vince Cable will say today.

RBS Managers Said to Condone Manipulation of Libor Rates

Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired.

Clegg outlines proposed tax changes

Nick Clegg pushes his wealth tax at the Liberal Democrats conference

Clegg Seeks More U.K. Tax on Unearned Wealth, Top-End Property

“I want to reward people who put in a proper shift, not those who sit on a fortune; people for whom a bonus means a few extra quid at Christmas, not a million-pound windfall,” Clegg said.

Make UK a tax haven to attract investment from millionaires, urges Tory treasurer

Lord Fink is director of investment firm ISAM, based in the Cayman Islands, a British overseas territory in the Caribbean.

FSA demands new legal powers after Libor manipulation scandal

The Financial Services Authority is proposing tough new powers to tackle banking malpractice in the wake of the Libor-rigging scandal.

Cirencester legal practice bolsters private client team

Managing partner Michael Grenfell said the move would support the firm’s expansion.

IMA publishes final fund fee disclosure guidance

The Investment Management Association (IMA) has issued industry guidance on enhanced disclosure of fund charges and transaction costs incurred by UK-authorised funds.

UBS ignored rules for profit, says "rogue trader" lawyer

Managers at Swiss bank UBS turned a blind eye when traders exceeded their agreed limits as long as the bank was making money from their deals, a lawyer for accused "rogue trader" Kweku Adoboli told a London court on Thursday.

Derivatives industry urges caution on Libor reform

Britain's Financial Services Authority is publishing its recommendations for legal changes to Libor on September 28.

FSA 'knew about Libor probe when approving Bob Diamond's promotion'

When the £290m fine for Libor-fixing was announced in June this year, Diamond was not found to be involved.

UBS Paris offices searched in tax evasion probe

UBS says cooperating with investigation

Planning for the AIFMD: are hedge fund managers fully prepared

The Directive’s requirements will be significant and its implications far-reaching for both EU hedge fund managers and (increasingly over time) non-EU hedge fund managers seeking to raise capital in Europe.

Bern To Vote On Expat Tax Deal

Under the current regime, special tax deals are available for wealthy immigrants to Switzerland

UBS was aware of Kweku Adoboli's billion-dollar trading problems six weeks prior to arrest

UBS was aware of a $3.6bn (£2.2bn) black hole in trading accounts produced by the alleged rogue trader Kweku Adoboli six weeks before he was arrested, a court heard.

Bankers accuse former boss of deceptive conduct

THE former chief executive of St George Bank, Paul Fegan, has appeared in Federal Court to answer claims he engaged in misleading and deceptive conduct while head of the bank in 2008, in the lead-up to the bank's merger with Westpac.

Deloitte announces revenue results of US$31.3 billion

Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.

France To Undo Sarkozy's Wealth Tax Reform

Despite having originally planned major wealth tax reforms, the French government is now resigned to the idea of merely re-establishing the previous wealth tax scale of between 0.55% and 1.8%, and to introducing a fiscal cap of 80% of income to accompany

Court says Merrill must pay two former brokers $10 mln

The $10.2 million award to Florida brokers Tamara Smolchek and Meri Ramazio was among the largest of the individual deferred compensation cases brought against Merrill.

Ex-UBS Banker Alleged Attacker Charged

A New York man has been charged with theft and attempted extortion from a former UBS M&A banker, who was tied up at gunpoint during a terrifying home invasion in Bedford Hils, New York, in May.

Legal,Regulation,Tax & Compliance