Managers of Wealth

PwC says E&Y tried to poach client bank

In the sober world of auditing, discretion is key.

RBS Defends Libor-Related Dismissal Of Singapore Trader

Tan Chi Min, previously the head of delta trading with RBS's global banking and markets division in Singapore, late last year commenced a suit against the bank after his employment was terminated in November last year.

Deloitte launches first Middle East Tax Chief Compliance Officer Forum

The CCO Forum agenda has been specifically tailored to address the unique needs of Middle Eastern institutions, including Islamic banking structures as well as sovereign wealth funds, family offices and takaful insurance.

Exclusive: Senate investigating HSBC for money laundering

The inquiry being conducted by the Senate Permanent Subcommittee on Investigations could yield a report and congressional hearing later this spring, these people said.

Merrill Lynch Fined $1 Million for Bonus Clawbacks

“Merrill Lynch specifically designed this bonus program to bypass FINRA’s rule requiring firms to arbitrate disputes with employees, and purposefully filed expedited collection actions in New York State courts and denied those registered repre

Hedge fund star fined £7.2m for insider trading

“It is highly damaging to market confidence when privileged shareholders commit market abuse, and the high penalty reflects the seriousness of his breach.”

British billionaire sues news group over Russian oligarch link claim

Nathaniel Rothschild has begun a libel action against Associated Newspapers

Fingleton moved €500,000 offshore in wake of debt order

Mr Fingleton moved the €500,000 to an account in his name at the Atlas Mont Bank in Podgorica, Montenegro, in November 2010.

Harry Redknapp accused of opening an offshore account to avoid tax

Redknapp was accused of paying two untaxed payments from Mandaric of £189,500 into the account shortly after Crouch's transfer.

List Shows Where UBS Clients Moved Funds, Tages-Anzeiger Says

UBS spokesman Serge Steiner said the bank hasn’t handed over “institution-specific” information to the U.S., according to the report in today’s newspaper.

Big Four firm regains leadership position in 2011

PricewaterhouseCoopers Regains Leadership Position In 2011

Prominent lawyers named in million-dollar civil-action suit

It also led to the suicide of a Singapore warehouse manager, who was a star witness in the case and an employee of the warehousing company Fujitrans (Singapore).

UBS hit with $300,000 fine by SEC

The misconduct was revealed during the course of an SEC examination, minimizing investor harm.

A.M. Best Releases Updated Criteria Report on Rating Takaful Insurance Companies

The updated criteria report takes into consideration the changes reflective in the Takaful market, particularly regarding the increasing development of the regulatory framework within certain countries and the key issues relating to Takaful operating stru

Key changes in Russian tax legislation take effect

Another difference under the new law is that the taxpayer must report any controlled transaction to the tax authorities and must supply supporting documentation to confirm the price reported. Previously, the burden of proving that an unfair price had been

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