Managers of Wealth

Hundreds of Swiss names on hacked client list

Among the company’s Swiss clients believed to be affected by the hacking operation are employees of Swiss banks UBS and Julius Bär...

When to Go Above The Boss's Head

His story is exemplary of the whistleblower-like firings and resignations that have graced headlines since the days of Enron.

Swiss private bank fined in U.S. over short sales handling

The Bank violated a U.S. regulation known as SHO

Memo to hedge fund managers: It's a bad time to try to overachieve.

The Securities and Exchange Commission is cracking down on hedge fund fraud, and the first places they're looking are the firms that seem to be doing a little too well.

How a wealth tax would pay dividends for Nick Clegg

A Christmas card with a difference has been sent to Liberal Democrat ministers and spokesmen: a prompt card listing key points they must make in every media interview.

Black money probe: IT department decides to reopen tax returns of suspects

Faced with a number of cases of denial of secret foreign bank account holdings, the Income Tax department has decided to re-open past tax returns of such individuals in Mumbai and Delhi among others, in order to unearth black money stashed abroad.

Why the GOP should hike taxes on the super rich

If Republicans want to put the Democrats' "tax fairness" canard to rest, they ought to push for a tax hike on the 'super rich' -- but not on the rich.

Appeal Court vindicates FSB in battle with Dynamic Wealth

Judge Malcolm Wallis, who wrote the judgment, with four other judges concurring, found that Acting Judge AJ de Vos had erred in rejecting the FSB application.

Top Manhattan art gallery accused of selling fake article

Pierre Lagrange, a co-founder of GLG Partners Inc., said in a complaint filed yesterday in Manhattan federal court that he paid $17 million for a painting called "Untitled 1950" from Knoedler in November 2007 that the gallery said was by Pollock

Citigroup deal haunts Pandit as Saudis seek to reclaim fortune

Soured deals struck with wealthy clients are haunting Citigroup Chief Executive Officer Vikram Pandit.

Top wealth firm in £10k trail dispute with Massow

In 2004, Muston had set up a £200,000 trust fund through an IFA in Birmingham, which was later taken over by Barclays Wealth. Aviva, the fund provider, then paid an initial commission of £5,000 to the IFA.

Swiss not aware of US accusation details - Pictet

Swiss banks need to know what the U.S. is accusing them of to be able to negotiate a solution, Nicolas Pictet, president of the Swiss private banking association and a managing partner at Pictet & Cie. told Aargauer Zeitung in an interview.

Germany's Greens push for higher tax on rich

The Greens have been riding high in opinion polls and could be well-positioned to form a coalition with their preferred partners, the centre-left Social Democrats (SPD), or Chancellor Angela Merkel's conservatives (CDU/CSU).

Sars gunning for super-rich

Earlier this year, Sars announced that only 360 individuals earning more than R7-million a year, or with assets in excess of R75-million, were registered to pay tax.

U.S. billionaires avoiding the taxman

Ex-UBS wealth chief ‘confused' over regulator's attempt to fine him

U.S-Swiss tax deal likely to happen in three-six months

"We are coming to an important phase in the negotiations. We should have, I hope, a deal in the next three to six months," Collardi told Swiss newspaper Le Temps in an interview.

No verdict in case of Swiss ex-banker linked to WikiLeaks

Judge Peter Marti said on Thursday it was not clear whether the CD-roms Elmer had handed over contained data of bank clients in Switzerland or just in the Cayman Islands, Reuters reports.

Former UBS banker turns up pressure on Swiss banks

A light sentence handed down on Friday for a former top UBS private banker who became a U.S. government informant on wealthy American tax cheats ramps up pressure on the Swiss banking industry.

Legal,Regulation,Tax & Compliance