12/02/2012
Brazilian heiress files suit to overturn Merrill ruling
Lawyers for de Kassin filed a complaint on Thursday in a Manhattan federal court asking a judge to overturn parts of the ruling.
Legal,Regulation,Tax & Compliance
12/02/2012
France Sexy No More for Entrepreneurs Escaping Hollande
France looks more like an old maid to me
12/02/2012
China's Huaxia Bank says rogue employee sold troubled wealth product
China's Huaxia Bank Co Ltd has blamed an employee at a Shanghai branch for selling a wealth management product without permission, after Chinese media said the product could not repay investors.
12/02/2012
Adoboli’s Ex-Manager Sues UBS Saying Firing Was Race Bias
He was UBS’s head of European cash trading, alleges race discrimination and unfair dismissal in a lawsuit filed in June at a London employment tribunal
12/02/2012
Third time unlucky for UBS
UBS faces a third FSA investigation in four years, this time for Libor. A record-breaking fine is coming its way…
12/02/2012
Swiss President Stands Firm On German Tax Deal
Widmer-Schlumpf warned that there is either this treaty or no accord
12/02/2012
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.
12/02/2012
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.
11/29/2012
UK government rejects calls for British version of FATCA
Magazine claims draft legislation exists already
11/29/2012
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.
11/29/2012
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.
11/29/2012
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.
11/28/2012
Barclays sacked five staff over Libor manipulation scandal
Rich Ricci, the head of Barclays investment bank, revealed 13 staff had been disciplined in total
11/28/2012
London Stock Exchange CEO says Italy Tobin tax an error
The London Stock Exchange controls Italy's Borsa Italiana
11/27/2012
Harvard Doctor Turned Morgan Stanley Felon Was Lured by Riches
"He was always setting goals and reaching them -- and never being satisfied.”
11/27/2012
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.
11/25/2012
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.
11/25/2012
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.
11/25/2012
FSA fines UBS over trading scandal
The systems and controls failings revealed serious weaknesses in the firm’s procedures, management systems and internal controls.
11/25/2012
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.