- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Gerard Depardieu flees France to seek Belgium asylum from wealth tax

Gerard Depardieu has become the latest rich Frenchman to flee his country and the stinging wealth taxes levied by Francois Hollande, the Socialist President of France.

Judge orders Barclays to reveal names of 208 staff linked to Libor probe

Lawyers for Barclays will on Wednesday disclose the names of 208 staff caught up in the scandal

HMRC faces paying back £5bn to £7bn in tax

The judgment, handed down on Tuesday, threatens to open the floodgates for businesses

Advisers face 500 complaints over Ucis and film investments

The Financial Times reported that nearly 500 investors were considering making a complaint against their adviser for allegedly mis-selling investments in film production companies and Ucis over the past decade.

German prosecutors search UBS clients in tax probe

A number of state prosecutors and about 50 tax investigators were undertaking the searches of domestic German clients of UBS

FSA publicly censures London credit union

“Credit unions are vital institutions for the communities they serve, and the members of The Pentecostal Credit Union deserved better.”

Bakers begins hunt for UK head as Senior prepares to step down

Senior figures in the City office have started taking soundings from partners about a replacement for Senior, who was first elected to the position in 2003.

International law firm hires hedge fund expert

He was previously with Allen & Overy

HMRC launches website in tax evasion amnesty

Campaign is part of HMRC’s “broader work” to tackle evasion and fraud that is being funded with £917m from government.

Taxman’s avoidance and evasion crackdown hits record yield

THE TOTAL YIELD from investigations into tax avoidance and evasion hit £21bn in 2011/12, a jump of approximately a third.

Savoy Investment Management slapped on the wrist by FSA for wealth management failings

As a result of these failings, a review of a sample of files found that 23% showed a high risk of unsuitability.

Panel welcomes Bill concession on access to financial services

The Financial Services Consumer Panel has today welcomed changes to the Financial Services Bill that will enable the regulator to take account of access to financial services for consumers.

Barclays probed by US over Saudi banking licence

Barclays is under investigation by US authorities into whether it made improper payments to secure a banking licence in Saudi Arabia, according to reports.

RBS, UBS Traders Said to Face Arrest in Libor Probe

Police, directed by Serious Fraud Office prosecutors, will act in the next month, said the person, who declined to be identified because the matter isn’t public.

London Stock Exchange gets French OK for LCH.Clearnet takeover

The London Stock Exchange (LSE.L) has won the backing of French regulators for its planned takeover of LCH.Clearnet, taking the LSE a step forward towards completing a deal which it has said will be transformative for its business.

'Significant' developments imminent in Libor inquiry, says Serious Fraud Office

The government department said in July it could prosecute banks

Multi-millionaire Labour MP's family business 'paid just 0.25% tax on its profits'

She is now likely to face questions over the limited tax paid by Stemcor, the steel trading company of which she is a shareholder and which was founded by her father and is run by her brother.

EU Banker Bonus Plan May Be Watered Down

Without that approval, the maximum would be 300% of fixed pay.

Greece Takes Aim at Tax Evasion Among Wealthy

In recent weeks, tax experts at Greece’s finance ministry have been scrutinizing the finances

Potential APAC legal transformational tie-up revealed

The UK firm is pushing to pursue a combination with the Chinese and Australian firm,

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