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

Financial dialogue between Switzerland and United Kingdom

They agreed that the technical work should continue and that the next steps in the cooperation would be decided during a meeting to be held before the end of 2020.

Law firm books record revenues for clean energy advice

Shepherd and Wedderburn reported 2% turnover growth to £56.9 million over the year with profits before partner distributions down 1.7% to £22.4m.

Banks forced to deny forgery claims as they seek to rebuild image

Campaigners have called for answers as allegations of signature fraud persist

Cyprus to strip seven of citizenship in passports probe

Cyprus began offering citizenship in exchange for substantial investment as far back as 2007, but the scheme was stepped up following the Mediterranean island’s 2013 economic crisis.

Credit Suisse ordered shadowing twice more, report says

The Tages Anzeiger's sources said there were two cases, one in the US and one in Asia.

The UK’s Financial Conduct Authority seeks to expand the scope of financial crime reporting requirements

The proposals extend the REP-CRIM requirement to firms which the FCA considers pose a higher money laundering risk, including cryptoasset firms and certain regulated insurers not covered under the existing REP-CRIM regime.

FCA Quarterly Consultation Paper No 29

The letter explains the FCA's view of the key risks that such intermediaries could pose to their consumers or markets.

Deloitte pair to be sued for £19m

The case is set to proceed after a High Court judge announced that the administrators were not protected from litigation

Thirteen sued for £178m over alleged fraud at London Capital & Finance

Executives alleged to have spent investors’ cash on horses, helicopter and private members’ club

Law firm unveils UK repatriation advice unit

Operation will offer personal tax, succession, estate planning and immigration services

FCA Board Minutes July 2020

FCA report: 'Messages from the Engine Room' 5 Conduct Questions for supervising wholesale banks

Britain leads exodus of wealthy citizens abandoning home for rates relief from Rome

Britons are leading the charge to take advantage of the scheme, with 78 leaving the UK for Italy since the tax break was introduced in 2017.

Rui Pinto Football Leaks trial starts in Portugal

Rui Pinto's house arrest was lifted last month

Polish banks prepare for $525 mln hit for mis-sold Swiss franc mortgages

Many borrowers have seen their instalments balloon after the Swiss franc almost doubled in value against Poland’s zloty since the global financial crisis.

Greece: Development law amended regarding implementation and eligibility of investment plans

The laws establish state aid schemes providing tax exemptions, grants, and wage subsidies for private investments in Greece.

Licence of Maltese wealth company revoked

After it provided the regulator with ‘false, inaccurate and misleading information’

Europe's crisis measures must be temporary, ECB's Weidmann warns

Fiscal policy should also not get used to an easy course, nor should it rely on interest rates to remain so low over the long term.”

Bank of England policymakers warn of bigger risks for UK economy

Vlieghe said there was “a material risk” that it could take several years for Britain’s economy to return to full capacity after its coronavirus shock.

EU and Germany join efforts to support the African Union's response to coronavirus

This specific consignment will be able to reach a large number of countries as it will support the African Union continental response

UK households face £1,200 hit to incomes after pandemic, Bank of England warns

Shifts such as more working from home and greater caution about going out will cause economic ‘dislocation’ that could create mismatches in skills and permanently reduce output, says Bank

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