Managers of Wealth

FSA to target firms with ex-NHFA advisers

A source familiar with the situation said where there were individuals from NHFA working in similar roles at other advice firms then those firms would be looked at by the regulator.

India to sign tax deal in Macau

The SAR Government has so far concluded Tax Information Exchange Agreements (TIEA) or Double Taxation Conventions with 12 different countries or regions.

Hogan Lovells makes up 35 to partner including eight in London

The promotions, which took effect last week (1 January), take total partner count at the firm to more than 800 across its global network. In addition, the firm has also made 46 of counsel and consultant appointments.

Bear Stearns trustee sues JPMorgan over mortgage securities

US Bank NA wants to force JPMorgan to buy back the mortgage loans because of alleged breaches of representations and warranties regarding the Bear Stearns Asset Backed Securities Trust 2005-4, for which it serves as trustee.

Citigroup Sues Hedge Fund Manager in Singapore Over Gold Losses

The first closed hearing is scheduled for Jan. 27.

U.S. charges 3 Swiss bankers in tax evasion case

U.S. prosecutors charged three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 billion in assets from tax authorities.

MF Global clients accuse FSA of foot dragging

The City regulator is under growing pressure to launch a review into its handling of MF Global's UK administration amid accusations it neglected clients of the failed broker.

Former Lloyds bosses to be sued over HBOS takeover

Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US courts by American shareholders unhappy at the bank’s takeover of HBOS at the height of the credit crisis.

Mystery of the missing $2 million in gold bullion

The troubled mortgage company is actually two related firms called UM Financial Inc. and UM Capital Inc.

Australian tax exile in Singapore 'in fear of a Paul Hogan'

AN expatriate Australian businessman accused of fleeing Australia to avoid prosecution for tax evasion has compared himself to fugitive French film director Roman Polanski and actor Paul Hogan.

RBS, DOJ To End Deferred-Prosecution Agreement Over ABN Amro

More than $3.2 billion involving shell companies and high-risk transactions with foreign financial institutions flowed through the bank’s New York branch, according to court documents filed at the time.

UK has to make voice heard in 2012, warns IMA

The UK will have to work increasingly hard next year to make sure it has its say on a number of incoming European financial regulations, the Investment Management Association says.

Whistleblower dossier handed over in bank ‘fraud’ action

A mass of documents assembled by a whistleblower at Bank of New York Mellon have offered a glimpse into how the bank responded to allegations from US authorities that it defrauded customers of hundreds of millions of dollars.

New U.S. tactic for suspected Swiss bank tax cheats

U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.

Legal,Regulation,Tax & Compliance