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

Italy watchdog to summon Monte dei Paschi execs, Passera -source

Monte dei Paschi faces an uphill struggle to convince investors to back its third recapitalisation

UK challenger bank bites the dust

Was granted an “authorisation with restriction” licence from the regulators earlier this year.

Switzerland and Latvia sign protocol of amendment to double taxation agreement

Finally, legal certainty is increased for taxpayers with the inclusion of an arbitration clause.

Ulster Bank is most fined financial institution in Ireland

Central Bank’s fine of €3.3m imposed for breaches of anti-money-laundering protocols

Bill Gross to manage total return strategy at Janus

Gross already sub-advises a total return bond fund for Old Mutual Global Investors

Competition watchdog criticised by MPs over bank reform

Treasury select committee chair accuses Competition and Markets Authority of ‘dropping the catch’

FCA bans six men over £4.3m landbanking Ucis scam

The land is often left undeveloped because of legal or historical reasons, leaving investors out of pocket.

‘Killers having lunch’: The real life Wolves of Wall Street

Finance: Out of Control?

Deutsche Bank, Morgan Stanley & Co. International plc, Nomura International plc and SocieteGenerale, have responded to investors’ demands for standardisation of repackaging transactions

The primary goal of the project is to establish an industry-standard approach to the documentation of repackaging transactions.

E-Declarations Reveal Ukrainian Elites’ Extravagance

Ukrainians are shocked at the wealth gap between citizens and their elected representatives

European banks stuck with $1.3 trillion of bad loans: KPMG

Firms could take decades rather than years to reduce their exposures, hampering profitability.

German Body Rules on Accounting Treatment for Supply Chain Finance

Supply Chain Finance and Dynamic Discounting programs are widespread financing solutions that are currently already actively used by more than S & P companies

International law firm crowdfunds Brexit help service

The BASe portal has been crowdfunded with clients already signed up including Australia’s Lendlease and UK mutual insurance company Royal London.

Access to Financial Services in the UK by Christopher Woolard, FCA

Speech by Christopher Woolard, Director of Strategy and Competition at the FCA, delivered at Access to Financial Services: Launch of FCA Occasional Paper.

MiFID II – FCA MIS confidentiality agreement

The FCA has published a Market Interface Specification (MIS) confidentiality agreement.

Fundraising Regulator publishes FAQs on new fundraising requirements - Withers

(Protection and Social Investment) Act 2016 (the 'Act'), which come into force on 1 November 2016.

FCA prohibits six individuals for their part in unauthorised collective investment scheme

The scheme led to over 100 investors losing just under £4.3 million and the individuals who operated the scheme received sentences totalling more than 30 years.

Italian banker drops rival rescue plan for Monte dei Paschi

Passera's withdrawal leaves Monte dei Paschi, the country's weakest major lender, tied to a plan drawn up and backed by investment bank JP Morgan to sell some 28 billion euros ($31 billion) in bad loans and raise 5 billion euros in new capital.

Debevoise Advises Polyus Gold in its $500 million Eurobond Offering

The team also included international counsel Vera Losonci, and associates Laurence Hanesworth, Timur G. Ochkhaev, Christopher Salz and Daria A. Serebrova.

Top law firm partner who handed associate lover £550,000 chunk of client’s estate struck off

A top private client lawyer used his position as the sole executor of a will to increase the amount of inheritance received by an associate

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