06/07/2012
More than a quarter of the Italian economy eludes taxation, due to underground and criminal economic activities that push up borrowing costs and discourage investment in the country's most vulnerable regions, a senior Bank of Italy official said Wedn
06/07/2012
Irving Picard, the trustee, filed complaints seeking a respective $354.9 million and $179.4 million from Swiss private banks EFG Bank SA and Lombard Odier Darier Hentsch & Cie
06/06/2012
He staged a comeback in banking earlier this year as chairman of Banca Monti dei Paschi di Siena.
06/06/2012
Kerviel, 35, who did not profit personally from the trades, has consistently argued that his superiors knew what he was doing and turned a blind eye as long as he was making them a profit.
06/06/2012
The industry has noticed a sharp drop-off in the number of candidates for board posts at financial groups that have been called for interview by the Financial Services Authority.
06/06/2012
City lawyer 'lost her £200,000 job after exposing corruption'
A lawyer was sacked from her £200,000 a year job with a City law firm after she blew the whistle on corruption in the firm’s African section, a tribunal heard.
06/06/2012
Barclays is entitled to recover roughly $1.8bn of disputed assets and interest related to Lehman Brothers' bankruptcy, a US federal judge said, reversing a decision by a federal bankruptcy judge.
06/05/2012
The report provides the first post-crisis, detailed governance action plan to come from the private sector and outlines how all stakeholders must reassess their approach to corporate governance and take meaningful steps to make it stronger.
06/04/2012
British finance minister George Osborne is suing the European Union over plans to ban the short-selling of financial products, arguing it would be overreaching its powers, the Financial Times newspaper reported on Thursday.
06/04/2012
The UK financial watchdog is to carry out spot checks on City firms’ reporting of suspicious trades, as part of its broader crackdown on market abuse, the Financial Times has learnt.
06/01/2012
The partner duo, both of who focus on M&A and joint ventures, are joining Hogan Lovells' Milan base alongside of counsel Luca Magrini.
06/01/2012
The FSA will consult on delaying the implementation of new client reporting rules for platforms. The FSA will consult on delaying the implementation of new client reporting rules for platforms.
05/31/2012
He joins Winston & Strawn from Milbank LLP, has a strong track record of advising on complex and high-value disputes on behalf of blue chip companies and financial institutions.
05/31/2012
The court said the probe showed the Botin family had normalized its tax situation before the investigation was opened last year.
05/31/2012
A solicitor wrongly accused by a millionaire client of charging him £300 an hour for legal work whilst playing golf has won an apology and substantial damages after succeeding in his libel action.
05/31/2012
The High Court judge ruled earlier this month ruled in favour of the of the 104 former Dresdner Kleinwort bankers who sought a legal battle with Commerzbank over unpaid guaranteed bonuses that had been promised to them shortly before the investment bank w
05/31/2012
The fine was imposed on Patrick Francis O'Donnell of P3 Wealth Management by the Financial Services Authority (FSA).
05/30/2012
This will replace a previous, similar calculation, known as the total expense ratio (TER).
05/30/2012
Wealth tax was abolished in Germany back in 1997.
05/30/2012
Baker & McKenzie has launched in South Africa with the hire of Dewey & LeBoeuf’s 31-strong Johannesburg office, one of the disintegrating firm’s last remaining international bases.