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

Former JP Morgan banker to appeal £450,000 by FSA

Ian Hannam, the former JP Morgan banker, is to appeal his £450,000 fine

Swiss Banks Welcome Rejection of Germany Tax Accord, Study Shows

Banks will be able “to avoid the costs of implementation and the resulting immediate outflow of client assets.”

Spain to Apply 21% Value-Added Tax on Fund-Management Fees

The resolution by the Direccion General de Tributos, the tax agency under the Budget Ministry, was dated Jan. 2. That will be its effective date, Bravo said.

FATCA’s A Business Opportunity, Say Wealth Managers

FATCA and other tax information swapping laws between countries to crackdown on people not declaring their true financial status could lead to a boost in trade for wealth managers.

French budget minister Jérôme Cahuzac faces tax fraud allegations

Inquiry will seek to establish whether the minister in charge of French tax policy had a secret bank account in Switzerland.

Old Mutual to acquire 22seven?

Many South African banks initially blocked the service from gaining access to client accounts due to alleged security risks.

Heads may roll at RBS over Libor

Emails from traders cited as evidence for the Libor rigging are particularly lurid, according to sources.

Pilots plan to sue ABN Amro for allowing them to borrow money

We estimate there are 1,200 to 1,300 unemployed pilots.

HMRC makes 640 requests from foreign gov’ts for tax info on individuals

“HMRC has begun investigations into thousands of individuals with overseas assets in the last few years, and will probably have picked off most of the low hanging fruit.”

Schroders ditches PwC as auditor

PwC and its predecessor firms had been auditor to Schroders since at least 1959, when it floated on the London Stock Exchange.

French budget minister Jérôme Cahuzac faces tax fraud allegations

The French budget minister is to be investigated over allegations of tax fraud

Rising star of family law made partner at Manches

In May 2012, she was nominated and shortlisted as Family Lawyer of the Year for the Spear’s Young Turk Awards which recognises outstanding individuals from new or less traditional private client firms.

Stibbe's former secretary-general teams up with fellow heavyweights for boutique launch

He announced his departure from Stibbe in July following the dissolution of the Herbert Smith alliance.

Coutts Wins Bid to Throw Out Employment Claim by Whistle Blower

Judge Hilary Norris threw out the claim at a London employment tribunal today because Martin Woods never worked for the bank and a valid employment contract hadn’t been agreed on.

FSA To Sweep Away New Bank Barriers

City regulator will hold a summit to help sweep away obstacles to development of swathe of new high street banks.

Liberal Democrats push for new wealth tax in the Budget

Senior Liberal Democrats are drawing up plans for a new wealth tax in this year’s Budget, claiming that the public have a “clear appetite” for such a levy.

FSA 'dragging feet' says swaps victim

A widow who claims she was mis-sold a complex interest rate derivative by HSBC has complained that banks are not doing enough to help victims of mis-selling.

Ten per cent discount in London’s billionaire row

They are among the world’s wealthiest people but they still know that every penny counts. So while the rest of us struggle to pay our bills, some billionaires are claiming ten per cent off their council tax.

Value of fraud falls but tax evasion rises

The value of reported fraud in the UK fell by a third last year but the proportion due to tax fraud is increasing, according to an accountancy firm.

Regulators relax Basel liquidity rules for banks

International banks have given greater flexibility and a longer deadline to meet Basel III liquidity rules.

Legal, Regulation & Compliance