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

Eversheds' International Tax e-briefing

Double Tax Agreement – Residence – change of HMRC practice

FCA blacklists unauthorised adviser

Gemini Asset Management is believed to have been providing financial services or products in the UK without the regulator’s authorisation.

Ogier advises Global Infrastructure Partners on sale of London City Airport

London City Airport serves around four million passengers a year, a figure that has almost doubled since 2005.

FCA says won't let pension freedoms become next mis-selling scandal

Lawmakers said taxpayers must not end up funding the retirement of people who have blown their pension pots.

Closed-book giant Phoenix: ‘No evidence’ exit fees blocking pension freedoms

Closed-book provider Phoenix Life says it does not consider exit charges a problem and finds “no evidence” penalties are stopping customers using the pension freedoms. The stance comes a day after Scottish Widows announced plans to scrap all

U.K. regulator opens probe of 6 insurers's fees

The FCA is focusing on fees charged to customers.

Ex-HSBC Credit Trader Jorgensen Sues Bank for Unfair Dismissal

Compensation for a successful unfair dismissal claim is capped at about 78,300 pounds ($110,000) at London’s employment tribunals

McDermott: we would like banks to 'carefully' return to advice

McDermott warned banks any return to advice would need 'to be done cautiously and carefully’ in order to avoid previous mis-selling problems.

ECB ready with new stimulus: Bank of France chief

The ECB has set the interest rate for banks to park money at the central bank at negative levels and is in the middle of buying hundreds of billions of euros of assets to boost prices.

Squire Patton Boggs Strengthens Financial Expertise in Bratislava

She has also acted for clients in sectors such as energy, real estate, construction and manufacturing, as well as advised on competition regulation and public procurement issues.

Austria's FMA Warns of Borkers Kapital & Wert Bank, ZUG FX

The company also provides services in wealth management both for private investors and corporations.

Two banks demand $36 mln from JFC ex-CEO Kekhman in bankruptcy case

Kekhman earlier filed an appeal with the Thirteenth Commercial Court of Appeals against a court ruling to introduce a procedure of debt restructuring against him on the claim of Sberbank.

US probing Barclays hiring practices in Asia

About 10 banks in the United States and Europe have said they are being investigated by US agencies over aspects of their foreign recruiting.

ECB ready with new stimulus: Bank of France chief

Yet inflation remains stubbornly low and has recently dipped into negative territory

Negative rates, negative consequences

A sustained market rebound will require major policy changes.

UK regulator tells asset managers to review ability to repay investors

The Bank of England and international authorities are examining whether promises by funds to give investors their money back at any time could end up damaging confidence in markets.

Common Reporting Standard: The impact of new tax transparency rules on charities - Withers

Some time ago we wrote about the impact on UK charities of the Foreign Account Tax Compliance Act ('FATCA'). UK charities with US investments became obliged under FATCA to certify their status to banks and investment managers, but in essence, th

Mistake: escaping from tax consequences – the Royal Court of Jersey sounds a cautionary note

The familiar adage “if it looks too good to be true, it probably is too good to be true” has certainly applied to a number of tax mitigation schemes over the years.

Europe-wide action targets money mule schemes

The operation was also supported by Europol, Eurojust and the European Banking Federation.

A Question of Accountability

Now, HVB is taking the next step.

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