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

Ministers at odds over tax accord "loophole"

The current situation is only temporary, according to the Swiss minister

WikiLeaks circumvents financial blockade with French bank account

Widmer-Schlumpf and her German counterpart Wolfgang Schäuble disagreed over whether the authorities of WikiLeaks has begun accepting donations through a French non-profit organization, as part of an attempt to circumvent a financial blockade from maj

Credit Agricole says not accused of rate manipulation

The statement was issued in response to a Financial Times report that regulators were investigating Credit Agricole, HSBC, Deutsche Bank and Societe Generale for involvement in manipulating an interest rate that plays a key role in global markets.

Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report

Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.

FSA issues warning over three more cloned firms

Regulator issues more warnings about firms posing as legitimate businesses, which could be used to operate fraudulent schemes.

Milan Swaps Prosecutor Seeks Ban And Fines For UBS, JPMorgan

The prosecutor today asked a Milan court to fine the banks 1.5 million euros each and asked they return their 72.5 million euros of illicit profit from the contracts.

Tax avoidance: HMRC could gain billions as court rules against 'artificial' scheme

The court ruled against a scheme promoted by PricewaterhouseCoopers, the accountancy firm, used by a businessman in a bid to avoid about £11m in tax.

HSBC faces £640m fine for allegedly allowing drug gangs launder millions

A top executive at the bank sensationally quit yesterday in front of a US Senate hearing that exposed the scale of the scandal.

FSA bans Carlisle adviser facing Aviva winding up order

Regulator acts over firm’s failure to pay fees and levies of more than £8,000.

Potential Impact of RDR Chapter 5 Regulation - Research

These rules relate to those organisations responsible for the provision of nominee services to retail investors investing in authorised funds, and demand the timely distribution of certain mutual fund information and notification of voting events to all u

Clydesdale, Yorkshire banks under Financial Services Authority Review

The FSA had already completed a review with Britain's four biggest banks - Barclays, HSBC, Lloyds and Royal Bank of Scotland - after they admitted in June to inappropriate sales of interest-rate hedges to businesses.

Ex-UBS France Employee Charged in Tax Inquiry After Raids

UBS is “fully cooperating with the French authorities,” according to an e-mailed statement by the Zurich-based bank.

FSA Boos: Barclays' gaming culture

Andrew Bailey, head of the Prudential Business Unit at the Financial Services Authority (FSA), added that Mr Diamond's account of his and the bank's relationship with regulators was "highly selective".

France Won’t Make Payroll Tax Retroactive to Jan. 1, Echos Says

Only overtime hours from Aug. 1 will be affected, the newspaper said.

HSBC faces probe on money laundering claims

The multiyear probe into HSBC by the Senate permanent subcommittee on investigations is expected to reveal activities similar to those that led Wachovia Bank to reach a $160m agreement with the Department of Justice in 2010 to settle allegations that it l

Legal, Regulation & Compliance