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

Monti Negates Rumours Of Italian Income Tax Cut

From the moment that his government had been appointed with parliamentary support, Monti added, it had pursued structural reforms in the economy and the public sector with that singular aim.

FSCS places Cru IFAs in default

Hertfordshire-based Conforto Financial Management was also on the list of 21 investment firms recently placed in default by the scheme. It was wound up in November 2010 following the £1.5 million purchase of Optimal Wealth Management.

No sign German bank data came from UBS - chairman Weber

NRW prosecutors said last week they were pursuing tax evaders who secretly stashed cash in Switzerland, after obtaining new bank data from a presumed whistleblower.

Suicide of Deloitte partner Daniel Pirron linked to Standard Chartered's Iran scandal

Daniel Pirron, a partner in Delloite’s key General Counsel’s office in New York, was found dead in a car park near his home in Trumbull, Connecticut.

Bob Diamond hits back in Barclays rate-rigging row

The Treasury select committee also used a report to challenge some of Mr Diamond's claims about the bank's relationship with regulators and to question the leadership shown at Barclays.

Acrimony dents chances of Swiss-German tax deal

The chances of any swift Swiss-German deal to counter tax evasion looked slim on Sunday after politicians traded criticism over efforts to limit the traditional secrecy of Swiss banks.

Tax-soaked French bankers feeling London's lure

French financial groups big and small, from advisory firms and private equity houses to big banks like Societe Generale, are looking at London as a possible shelter from a new 75 percent tax rate on top French earners, bankers say.

Sir Nigel Rudd accuses MPs of slur on Bob Diamond

Sir Nigel Rudd, a former director of Barclays, has accused the Treasury Select Committee of attacking the integrity of Bob Diamond, the bank's former chief executive.

Swap mis-selling victims to wait nine months for review

“It is imperative that any businesses in this position are allowed to put their swap deal into a suspense account while the review is undertaken,” said Mr Bebb.

Platforms reject claims over two year RDR ‘grace period’

The Tax Incentivised Savings Association (Tisa) last week said some of its members had raised concerns about how long it will take them to update their systems so they can facilitate RDR-style rebates from funds. After the RDR, these rebates will consist

Standard Life pledges RDR products in October

The month will also see Standard Life taking on its first FTSE company as part of the first phase of pensions auto-enrolment.

UBS chief Weber wades into row over Germans' Swiss hideaways

The German government's deal with Switzerland to open up its famously secret bank accounts to the taxman is the result of public outrage after the 2008 financial crash and months of negotiation that followed.

Credit Suisse Sued by Magazine Mogul Over Swaps Deal

He wants the deal declared invalid, or damages equal to the cost of unwinding it -- about 18.7 million pounds.

Wikileaks says British raid threat 'hostile, extreme'

Assange, an Australian national, has been in the embassy since June in a bid to avoid extradition to Sweden, where he faces questioning over sex assault claims.

Questions asked as HMRC removes all Cyprus QROPS

The removal of the Cyprus-based schemes is significant because Cyprus is an EU member and it had been widely believed that schemes within the EU were out-of-reach of HMRC.

Fed and FSA pushing new regulator to play by rules

The Bank of England, which will soon take over many regulatory responsibilities from the FSA, and the chancellor have also made their concerns clear.

Deloitte sees revenues jump as recruitment drive looks to the future

David Sproul, its chief executive and managing partner, said: “Last year we took the decision to invest heavily in people and skills.

IFAs call for better qualified FSA staff

When asked how many of the FSA’s senior directors and board members had level four or equivalent, how many were chartered and have a master’s degree in finance, the FSA responded that fewer than 10 senior directors held any of those qualificat

UK banks are complicit in criminal acts

The scandals reveal the complicity of the regulators including the Financial Services Authority (FSA) and the Bank of England (BoE), and successive governments which act as the protectors of those financial gangsters.

Top 20 most wanted tax dodgers revealed

The amount of tax these 20 alone are said to have avoided would pay the salaries of 25,000 nurses for a year

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