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

Luxembourg 'open' to bank transparency, Luc Frieden

Luxembourg is known for its highly secretive banking sector

Disgraced French budget minister lied to Swiss bank

A few months later Cahuzac changed the account into his name during a visit to Geneva

Debevoise Names Two New International Counsel

Debevoise & Plimpton LLP is pleased to announce that Matthew Howard Getz and Jessica Gladstone have been named International Counsel to the firm

Gibson Dunn recruits new London competition head in double OFT hire

will join the US firm's London office on 15 April as head of the competition practice.

HMRC wins £60m Morgan Stanley tax avoidance battle

“This scheme was flagrant tax avoidance that provided finance to a FTSE 100 company that appeared cheap because the UK taxpayer was expected to pick up a £60m bill.”

Bundesbank Probing Claims of Deutsche Bank Losses During Financial Crisis

Bundesbank is investigating claims that Deutsche Bank misvalued credit derivatives to hide losses

Germany Urges Data on Offshore Tax Accounts to Be Surrendered

We assume and would welcome if the relevant documents are sent to the competent tax authorities

Blackstone Profits From Regulation With Citigroup Deal

Regulators are overhauling the rules after the widespread use of the technique in the U.S. mortgage market contributed to the financial crisis by spreading risk from lenders to the so- called shadow banking sector.

Stephenson Harwood and Freshfields advise on Prudential's £30m FSA fine

Prudential turned to Freshfields' head of financial institutions disputes for advice, while Stephenson Harwood's team acted for its chief executive.

Winckworth Sherwood replaces senior and finance partners

Both previous finance partners resigned from their positions.

Herbies adds Berlin to German expansion plan

The new base is not expected to open until later in the second quarter of 2013.

James Hay sounds trail commission tax warning

HMRC is pushing ahead rapidly with the introduction of these changes.

Finance firms hit with £560m in fraud fines since '07

Regulators have fined companies and top bosses about £1bn for fraudulent activities since 2007

France's former tax tsar admits having undeclared Swiss bank account

François Hollande's former tax tsar begged for "forgiveness" after admitting to having an undeclared Swiss bank account for the past 20 years, as he was placed under formal investigation for tax fraud.

Tax avoidance rules are causing chaos, say experts

Tax experts have warned that the Government’s efforts to introduce a blanket ban on tax avoidance are “utterly confusing” and causing “dangerous chaos” weeks before they are due to be introduced.

Norton Rose advises Greencoat on innovative wind farm investment fund IPO

Greencoat UK Wind is an infrastructure fund managed by Greencoat Capital. It raised the maximum amount of £260 million after planning to raise a minimum of million through the London Stock Exchange listing.

Bank of England to become one of world's most powerful central banks

Breakup of Financial Services Authorities puts Bank in charge of regulation and crisis avoidance in biggest shakeup since 1997

Hargreaves rocked by the Revenue decision to tax commission discounts

The tax would apply only to investments not held in Isa or pension accounts and would involve average payments of just £10, suggesting it posed more of an administrative headache than a financial loss.

Deloitte Boss Blames Law For Tax Avoidance

As an example of a practice no longer deemed acceptable, he cited the way banks used trust arrangements to pay bonuses to employees that meant they avoided national insurance and allowed them to defer the tax on those bonuses.

France's Hollande Hits Companies With 75% Wealth Tax

"I am sticking by my pledge," Hollande said

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