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

Spanish Court Bars Santander CEO From Banking

Late last year, Spain's previous administration had granted Saenz a partial pardon,

Esma rejects Aima/BVI challenge

The European Securities and Markets Authority has rejected last-ditch attempts by two trade associations representing fund managers to reconsider new guidelines aimed at strengthening investor protection and harmonising regulatory practices.

Two grad students discovered Libor rate rigging in 2010

Students Connan Snider and Thomas Youle were repeatedly turned down by academic finance journals

HMRC tightens screw on expat workers in City

HMRC received £117.2m from its expat team’s compliance work in 2011-12, on top of the tax already paid by foreign workers in the City.

New bank watchdog to monitor profits as well as their conduct

This week’s approach document will give extra detail on the FCA’s planned mode of operations.

International law firm bolsters London private client team with Withers partner hire

The appointment also comes as increasing numbers of wealthy French families are reportedly moving their assets to locations such as London and Belgium for tax purposes.

RBS Said to Suspend European Rates Trading Head in Libor Probe

He was suspended on Oct. 12 after Bloomberg News reported he instructed colleagues to lower the British lender’s submission to the London interbank offered rate in 2007, said the people, who asked not to be identified because the matter is private.

Linklaters and Slaughters lead as Santander scraps RBS branches buy

Linklaters and Slaughter and May have advised as Santander pulls out of a £1.65bn deal to buy 316 branches from the Royal Bank of Scotland (RBS).

FSA bans and fines ex-director of sub-prime lender £100k

Welcome accounted for around 90 per cent of Cattles’ revenue.

UBS Executive Probing Adoboli Trades Ignored Co-Workers

Prosecutors say Adoboli, who is on trial for fraud and false accounting tied to the trading loss

Shearman & Sterling Strengthens UK Derivatives and Structured Products Capabilities

He joins the firm from Berwin Leighton Paisner LLP, where he was a partner in the Banking & Capital Markets group.

Addleshaw Goddard hires former Barclays counsel

He will join Addleshaw Goddard’s business support and restructuring team in London as a partner.

Top personal income tax rates increase in 2012: KPMG

Even prior to the rate reduction, the UK drops from 4th highest to 5th highest in the EU

Tax havens and tax hells

KPMG's latest Individual Income Tax and Social Security Rate Survey covers 114 countries and finds 10 countries that charge no personal income tax at all.

Police bust wine merchants for tax evasion

Three officials for the Italian customs agency in Naples and Bari are also being probed.

Libor-rigging bankers should be jailed, survey finds

Almost 90pc of people in the UK believe bankers who commit fraud or manipulate markets such as Libor should be jailed

Standard latest provider to facilitate fund-based CC against FSA guidance

Standard Life is the latest provider to unveil a consultancy charging structure that includes options currently not permitted under FSA guidance.

Global law firm announces raft of leadership changes

The Firm has dramatically improved its rankings across a range of global geographic markets, practices and industry areas and in respected, client-based surveys, including Corporate Board Member magazine, BTI Consulting, mergermarket and others.

Govt to step up 'ruthless pursuit' of tax avoiders

"We are the party for low taxes for the many, not of no taxes for the few."

UBS trader discussed "slush account" with Adoboli

Adoboli, 32, was arrested on September 15, 2011, and has pleaded not guilty to two charges of fraud and two of false accounting.

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