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

City law firm Field Fisher in merger talks worth £200m

“It is well known that merger is on Field Fisher Waterhouse’s agenda as potentially one way of achieving our ambitious growth plans and strategic objectives”

UBS was aware of Kweku Adoboli's billion-dollar trading problems six weeks prior to arrest

UBS was aware of a $3.6bn (£2.2bn) black hole in trading accounts produced by the alleged rogue trader Kweku Adoboli six weeks before he was arrested, a court heard.

Inheritance tax could be scrapped in exchange for resurrection of mansion tax

Inheritance tax on property would be scrapped in exchange for a new mansion tax on large houses, under plans being considered by the Liberal Democrats.

Spain to Keep Wealth Tax in 2013 Budget

The Spanish government will keep a tax on the wealthiest in the 2013 budget as the country aims to cut its deficit down to 4.5% of the gross domestic product next year, reports Expansion in its Wednesday Internet edition, citing unidentified sources close

Deloitte announces revenue results of US$31.3 billion

Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.

France To Undo Sarkozy's Wealth Tax Reform

Despite having originally planned major wealth tax reforms, the French government is now resigned to the idea of merely re-establishing the previous wealth tax scale of between 0.55% and 1.8%, and to introducing a fiscal cap of 80% of income to accompany

Linklaters launches leadership scheme to target female recruitment and retention

Linklaters has launched a Women’s Leadership Programme aimed at attracting and retaining female talent at the firm.

Tax CDs bring billions for German state

The state of North-Rhine Westphalia has helped Germany recover more than 3 billion euros ($3.9 billion) from German tax evaders after buying compact discs with details of Swiss bank accounts, according to the region's finance ministry.

FSA told to start compensation process for mis-sold customers

The FSA’s review followed an investigation

Europe at loggerheads over banking union

All 27 EU countries must agree on the new system, even though it will only apply to the 17 counties of the eurozone initially.

Robert Tchenguiz bail move signals the end of SFO investigation

Property entrepreneur Robert Tchenguiz has been released from bail, leading to a growing belief that the Serious Fraud Office is preparing to drop its long-running investigation of his business activities.

Partner pay falls at PwC as profits rise

Partners at PricewaterhouseCoopers took home less pay last year, despite the firm posting a 10pc rise in overall profits.

UK-US agreement strengthens UK ability to tackle tax evasion

On September 12, the United States and the United Kingdom governments announced the signing of a bilateral agreement to implement the information reporting and withholding tax provisions within the Foreign Account Tax Compliance Act (FATCA).

Belgium Remains Attractive Tax Location For Entrepreneurs

There have been renewed calls for the Belgian government to honour its pledge and reform the current system of taxation in Belgium, to remove the current disparity between the taxation of labour and the taxation of wealth, and in so doing shake off the co

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