Managers of Wealth

German Tax Office in Talks to Buy Swiss Bank Data, Spiegel Says ‎

One of the sets of data is information from the Zurich Coutts Bank, a unit of the Royal Bank of Scotland Group Plc, the German magazine reported.

Germany Outraged over Swiss Arrest Warrants

The move has gone down well in Switzerland, where politicians have praised the country's assertiveness. But it is unclear how the Swiss authorities will proceed -- the main witness is dead.

George Osborne faces revolt over 'tax on giving' as charity donations dry up

A powerful alliance of aid groups, charities and arts organisations is launching a full-frontal assault on Treasury plans to limit tax relief for philanthropists, warning that they will have a devastating impact on the culture of giving at the heart of Da

Millionaire Tory donor 'slept on private jet flying outside UK airspace to avoid paying tax'

Dodge allowed him to extend the number of days he could stay in the UK without paying tax

SEC hits Conservative Party donor with biggest fine on foreign group‎

The hedge fund of a Conservative Party donor has been fined $98 million for market abuse.

Top family offices move to address investment strategy in Asia

Wigmore Association Evaluates Expansion of Membership, Global Investment Priorities and Developments in China and South East Asia

New sheriff comes to Hong Kong

The swoop by Hong Kong’s graft-busting body on the Kwoks and a former senior government official, coming only days after a new chief executive was elected, provides ample fodder for conspiracy theorists.

Senior JP Morgan banker quits after £450,000 FSA fine for market abuse

The FSA believes that the size of the proposed fine reflects the serious nature of the market abuse and should act as a deterrent to other market participants.

Italy's Lombardy settles UBS derivatives dispute

No financial details were given as the parties cannot disclose details until the contract is signed.

Switzerland seeks arrest of German tax collectors

In the latest chapter of an ugly dispute over tax evasion that has strained ties between the two neighbors, a spokeswoman for the ministry confirmed a report about the arrest warrants due to appear in Sunday's Bild am Sonntag newspaper.

Former RBS trader Tan Chi Min claims hedge fund asked UK bank to change Libor

The court filing alleges RBS "received this request without objection". Brevan Howard is not a party to the lawsuit and is not being investigated or sued for any alleged wrongdoing.

European parliament wants Mifid commission ban scrapped

In its response to the Commission’s plan, the parliament proposes an amendment so all advisers simply have to disclose any commission.

SJ Berwin fills Angel's non-exec role with ex-UBS banker

He joins the firm in the position previously held by former Linklaters managing partner Angel, who quit the City firm last year to join DLA Piper as senior partner

Banks Hold $1 Billion in MF Global U.K. Cash, KPMG Says

The figures relate to unsegregated client accounts, which MF Global was allowed to mix with its own funds and which have proved difficult for the administrators to recover.

New York court rejects claim against UBS

HSH said it suffered “near-total” losses on a $500m collateralised debt obligation bought from UBS in 2002 when the US real estate market collapsed. It alleged the Swiss bank had deliberately selected mortgage bonds at high risk of default.

Global manhunt is on for Chinese rogue banker

The Ministry of Public Security has issued an arrest warrant for Sun Feng, the former head of the Yaosai branch of the Agricultural Bank of China in Jiangyin in East China's Jiangsu province.

CISI introduces mandatory integrity and ethics testing for members

The CISI is introducing new membership requirements for voting members in line with its commitment to champion the highest standards of ethical behaviour within financial services.

I-T pulls up HSBC Bank in black money cases

The Income Tax (I-T) department is said to be mulling over prosecution against the HSBC bank for allegedly being the conduit for Indians in stashing money abroad.

Buy-to-let landlords are sitting on a 'tax timebomb’

Never mind how Budget 2012 might affect a relatively small number of millionaires using offshore companies to avoid Stamp Duty. Here and now, accountants say thousands of buy-to-let landlords are sitting on a “tax timebomb”.

Dorset yacht broker jailed for £210,000 VAT fraud

He used the proceeds of this crime to fund a seemingly comfortable lifestyle.

Legal,Regulation,Tax & Compliance