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

UBS readies itself for Adoboli trial

A trader accused of a $2.3 billion fraud at Swiss bank UBS was due to go on trial Monday in London in a case expected to once again put the supervision of bankers under the spotlight.

Billionaires' Legal Battle Gold-Laden For London Law Firms

The London-based legal battle between Russian oligarchs Roman Abramovich and Boris Berezovsky are highly attractive to London law firms who are expecting to pocket around £100 million in legal fees from the Russians and their thirst for British just

Barclays calls for body to regulate – and ban – rogue bankers

Top bankers can currently be fined or banned by the Financial Services Authority (FSA), but the proposals would extend to a much wider proportion of the industry.

Linklaters in bid to jumpstart real estate group

Linklaters is on the hunt for a partner to join its real estate practice, leading to suggestions that management’s plans to shrink the department have gone too far, The Lawyer understands.

Hollande unveils two-year plan, billions in new taxes

French President François Hollande pledged on Sunday to honour his campaign promise of a 75 percent income tax on wealthy individuals as he unveiled a two-year economic recovery plan featuring strict budget targets and 20 billion euros in new taxes

RBS could be fined £300m to settle Libor probe

Royal Bank of Scotland could be fined up to £300m later this year to settle allegations traders sought to manipulate the libor interest rate, according to reports.

Greece Steps Up Tax Evasion Crackdown With Asset Freezes

“Tolerance of tax evaders, no matter how high up they are, is over”

Swiss probe leak of Julius Baer data to German officials

Late last month, Zurich-based Julius Baer said client data had been leaked. According to Swiss media, the data was then passed on to officials in North Rhine-Westphalia, a German state which has tapped leaked Swiss data before as part of efforts to hunt t

FSA consults on changes to the client money and custody assets regime

The Financial Services Authority has issued a combined Consultation Paper and Discussion Paper that proposes a number of changes to the client money and custody assets regime for firms that undertake investment business.

Client assets regime: EMIR, multiple pools and the wider review

This joint consultation and discussion paper on the client assets regime: European Market Infrastructure Regulation

Regulator warns Barclays: we're still watching you

The banking industry has come under fresh scrutiny after the Financial Services Authority ordered Barclays to overhaul its culture and its boardroom following the appointment of its new chief executive, Antony Jenkins.

HSBC adds Cleary, Latham and Mayer Brown to global panel

HSBC has appointed US firms Cleary Gottlieb Steen & Hamilton, Latham & Watkins and Mayer Brown to the bank's global legal panel.

Addleshaws City corporate partner joins Hogan Lovells

He has 20 years' experience as a corporate lawyer, advising clients on corporate transactional work with a particular focus on transactions in the financial services sector.

Kirkland bolsters London white collar team

The SFO itself has been hit in recent years by budget cuts, uncertainty about its future and intense criticism of its handling of several cases.

EU prepares for clampdown on Libor-style indexes

"The international investigations underway into the manipulation of Libor have revealed yet another example of unacceptable behaviour by banks," Michel Barnier, the European commissioner in charge of regulation, said in a statement.

UK fails to freeze Mubarak-era assets

Much of that money was invested overseas in countries friendly to the regime. Countries like Britain.

Taylor Wessing hires Paris real estate team from Orrick

He will take charge of the firm’s property practice in Paris and significantly adds to Taylor Wessing’s capabilities in this area in France.

Eversheds takes star competition partner from SJ Berwin

''Arrival coincides with the recruitment of five new lawyers to the UK competition team.”

Another Dewey partner suits up

Another former partner is suing one of Dewey’s biggest lenders.

Former ABN Amro unit under investigation in Libor scandal

The part of ABN Amro responsible for setting Libor rates is now owned by Scottish bank RBS.

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