Managers of Wealth

Swiss May Set Capital Controls If Euro Collapses

Jordan said the SNB will continue to defend this level with utmost determination, even under very difficult circumstances.

France Mulls Wealth Tax Reforms

Despite François Hollande’s pledge to carry out a sweeping reform of wealth tax in France in 2012, to return to the old wealth tax scale, in force prior to the 2011 reform, no modifications will reportedly be made to the existing tax rates th

Standard Chartered banker freed from detention in China

A StanChart spokeswoman said Ms Wu Yidian Eden, a naturalised Singapore citizen, has been released from custody. The bank is not being investigated and Ms Wu remains an employee.

Tax could cost UBS up to 10 percent of Europe assets

Zeltner said UBS had assets under management of over 300 billion francs in Europe, over 170 billion francs in Asia, around 110 billion francs in emerging markets and 130 billion in Switzerland.

Ireland’s oldest stockbrokers ordered to cease trading

The Central Bank alerted the firm last Thursday evening and has since ordered it to stop all regulated activities.

Grant Thornton's role in Tchenguiz case questioned

The Financial Times reported that the SFO had relied heavily upon Grant Thornton for information it used to build its case against Vincent Tchengui and his brother Robert, while the accounting firm was acting as administrator for Kaupthing.

Ogier acts for Cantor Fitzgerald

ISF Ltd will add value for Cantor Fitzgerald's global bank relationships while providing an attractive investment for their fixed income clients.

India mulls one-time amnesty for tax evaders

In a plan submitted to the Indian Parliament Monday, the government also said it was considering allowing undeclared gold to be deposited with banks.

Credit Suisse’s Spencer: RDR will give UK a competitive edge

The UK’s financial services industry will have an advantage over the rest of the EU following the implementation of the retail distribution review (RDR), says Credit Suisse’s Matthew Spencer.

Spain Court Closes Botin Family Tax Case Without Charges

Spain's National Court said Tuesday it has shelved an investigation into potential tax evasion against Banco Santander SA (STD) Chairman Emilio Botin and his family without pressing any charges.

SEC Charges Former Napfa Chairman With Defrauding Clients

Spangler served as chairman and CEO of one of the companies, which is now bankrupt. Spangler's risky investments were inconsistent with the investment strategies that he promised his clients and contrary to their investment objectives, the SEC says.

Analysis: HSBC victory in UK case a relief to money-laundering monitors

Wednesday's High Court judgment is also a relief to financial firm professionals who feared the impact of a Shah victory on their processes for suspicious activity reporting.

JPMorgan's Dimon says will testify before Congress

U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday that his panel will invite Dimon to appear before Congress.

Asia's Lighter Taxes Provide a Lure

Even if U.S. tax rates increase slightly, they would remain historically low.

JP Morgan hit by lawsuit over 'clandestine conversion' that caused $2bn trading loss

Jamie Dimon, JP Morgan’s chairman and chief executive, and Douglas Braunstein, the bank’s finance director, are accused of breaching fiduciary duty to investors and wasting the bank’s assets in a suit filed in New York by Californian sha

BGC executive banned from City over dishonesty concerns

The FSA believes that he is not a fit and proper person due to concerns over his honesty, integrity and reputation.

FSA fines Swiss private bank £525k for money laundering failings

Failure to take reasonable care to establish and maintain adequate AML systems and controls went on for three years, the FSA said, and the firm was exposed to an ‘unacceptable’ risk of money laundering.

Wealthy Sweden spending too little - policy adviser

The Swedish Fiscal Policy Council, a state agency that evaluates government policy, said it saw little risk the country would breach spending ceiling rules in the coming years and instead urged the government to slacken spending constraints.

Not guilty plea in $10m bank error trial

Appearing in the Rotorua High Court this morning Kara Mary-Jo Hurring, 33, entered the plea on on 25 counts of theft, three counts of attempting to dishonestly use a document, and two counts of money laundering.

Swiss bank whistle-blowers said to have handed over data to UK

The authorities are examining the data before writing to U.K.-resident account holders and sharing the information with other countries, said the people, who declined to be named because the matter is confidential.

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