Managers of Wealth

UBS broker arrested for 'wrecking havoc' in LA

Michael Poret has allegedly been driving around and shattering windows since the beginning of the year, using a slingshot to fire marbles and nuts at buildings.

UBS investment banker arrested for 'wrecking havoc' in LA

He has allegedly been driving around and shattering windows since the beginning of the year, using a slingshot to fire marbles and nuts at buildings.

Wall Street Is Too Big to Regulate

Simons was skeptical of enormity.

U.S. Banks Spawn 10,000 Units to Cut Tax Bill

Critics including Thomas Hoenig, a Federal Deposit Insurance Corp. board member, say the biggest firms are too complicated to manage.

Switzerland Approves OECD Group Requests

The FDF states that Switzerland's representative accepted this amendment on behalf of the Federal Council.

Tax avoidance: HMRC could gain billions as court rules against 'artificial' scheme

The court ruled against a scheme promoted by PricewaterhouseCoopers, the accountancy firm, used by a businessman in a bid to avoid about £11m in tax.

Swiss Regulator Questions UBS Ability To Comply With Dodd-Frank

The Swiss Financial Market Supervisory Authority said it has “serious doubts” about the extraterritorial effects of registration required under the Dodd-Frank Act in a letter dated July 5 and received by the CFTC on July 16.

Hedge Fund Manager Dubbed ‘King of Tokyo’ Has Left Japan

Dubbed the “King of Tokyo” by traders, the 53-year-old American seemed to have it all: wealth, professional acclaim and status as a patron of contemporary art.

Lombard Odier investigating alleged Libor links to staff member

Calls to Zrihen, who joined Lombard Odier in December 2010 as a member of the fixed income portfolio management team, were not picked up.

MF Global to return £54m to clients

Richard Heis, the joint special administrator of MF Global UK, said: '[The] court hearing represents an important milestone in returning some £54 million of agreed client assets.'

Italy: Milan prosecutor seeks ban on four banks for fraud

The prosecutor late Wednesday asked a Milan court to fine the banks 1.5 million euros each and asked they return their 72.5 million euros of illicit profit from the contracts.

Ministers at odds over tax accord "loophole"

The current situation is only temporary, according to the Swiss minister

Ex-UBS France Employee Charged in Tax Inquiry After Raids

UBS is “fully cooperating with the French authorities,” according to an e-mailed statement by the Zurich-based bank.

Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report

Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.

In the JPMorgan scandal, a rush to hire lawyers

Kristin Lemkau, a JPMorgan spokeswoman, said that Goldman asked to leave the company and that during his tenure he "behaved with integrity and we wish him well."

Wife of Convicted Ex-Credit Suisse Broker Seeks Assets

Elizabeth Butler objected today to a recommendation that the proceeds of joint accounts go to the government to satisfy a $5 million fine and $250,000 forfeiture order.

HSBC faces £640m fine for allegedly allowing drug gangs launder millions

A top executive at the bank sensationally quit yesterday in front of a US Senate hearing that exposed the scale of the scandal.

Societe Generale is to repay HK wealth management clients $11 million

The Securities and Futures Commission said it had raised concerns that in more than 3,000 transactions, Societe Generale's clients had paid or received a different price for over-the-counter traded products than the price paid by the bank, with the d

FSA Boos: Barclays' gaming culture

Andrew Bailey, head of the Prudential Business Unit at the Financial Services Authority (FSA), added that Mr Diamond's account of his and the bank's relationship with regulators was "highly selective".

Managers brace for new Commodity rules

The NFA rules are part of an ongoing response to recent market events, and are the result of coordinated and collaborative efforts by the Commission, self-regulatory organizations and market participants, including the two-day public Roundtable hosted by

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