06/14/2012
France wants the European Central Bank to have a stronger role in overseeing banks in the single currency bloc as part of a package of urgent reforms to increase financial stability in Europe, sources said on Wednesday.
06/13/2012
Both nations will sign a double taxation agreement Monday.
06/13/2012
Compliance officer fined £10k by FSA
Gregory White of Accendo Markets received the penalty for failing to meet FSA compliance requirements and for not exercising due skill, care and diligence.
06/12/2012
The Royal Bank of Scotland’s legal team was warned against trying to assign blame to the bank’s sacked lawyers at Herbert Smith when the taxpayer-backed institution failed to block a hedge fund from being able to sue it in a Texas court.
06/12/2012
Linklaters was retained to advise Russia’s largest bank on its acquisition of Turkish-based Denizbank from Belgium’s Dexia.
06/12/2012
The Financial Services Authority is seeking to fine Swift Trade and its successor company Canada Inc a near record £8m for what it alleges was “layering” – placing and cancelling multiple trade orders in order to move the price of
06/12/2012
TCC client services director Ian Stott said advisers should expect visits from the Financial Services Authority (FSA) as it hones in on fund switching once it has finalised guidance on centralised investment propositions.
06/08/2012
Olympic torchbearers may have to pay tax if they decide to sell their keepsakes to the highest bidder, they have been warned by the taxman.
06/08/2012
The world's largest player in the foreign exchange has launched its first regional hub in Southeast Asia.
06/08/2012
The amount of bail was not disclosed. Adoboli must wear an electronic tag and reside at a friend’s house under the terms set by the court. He is due to stand trial in September.
06/08/2012
The amount of bail was not disclosed. Adoboli must wear an electronic tag and reside at a friend’s house under the terms set by the court. He is due to stand trial in September.
06/07/2012
Kaupthing failed with the rest of Iceland’s largest lenders in October 2008 after it was unable to secure short-term financing.
06/07/2012
The claimant, who has been granted anonymity, brought the judicial review proceedings to challenge a decision made by the Regulatory Decisions Committee to issue a decision notice against him in October 2010.
06/07/2012
Spearing, who joined Freshfields in 1978 and made partner in 1984, has already joined Milbank, where according to the firm's website he is the first UK competition partner in the London office.
06/07/2012
International law firm adds seven-strong team in Paris
As the office recently celebrated its first anniversary, the new arrivals strengthen the Firm’s capabilities in the areas of corporate, tax and dispute resolution law.
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.