07/15/2012
Four charged over Rowan Dartington transactions
Avon and Somerset police have charged four people with money laundering offences in relation to suspicious transactions at Rowan Dartington.
Legal, Regulation & Compliance
07/15/2012
Libor scandal: FSA chief Lord Turner to face MPs over rate abuses
Lord Turner, head of the Financial Services Authority, is today expected to be criticised by MPs for being slow to react to Libor abuses which American regulators picked up nearly five years ago.
07/12/2012
Barclays' Diamond turns to top lawyer for Libor scandal
More than a dozen current and former employees of several large banks under investigation have hired defence lawyers over the past year, but Levander's role is one of the most high-profile.
07/12/2012
German and French authorities raid Swiss banking majors
Last year Credit Suisse paid €150 million ($183.83 million) to German tax authorities to settle an inquiry over allegations the bank and its employees helped Germans dodge tax.
07/12/2012
Libor scandal ripples across the Atlantic
Both have been called to testify before the Senate Banking Committee on the scandal surrounding Libor, a measure of the cost of money that is used as the basis for more than £200 trillion in loans.
07/11/2012
European tax probes are headache for Swiss banks
At the same time, German newspaper the Handelsblatt has reported that up to 7,000 Credit Suisse clients are being targeted by a separate tax evasion investigation in Germany.
07/11/2012
German prosecutors investigate Morgan Stanley banker
Notheis, 44, who ran Morgan Stanley's operations in Germany and Austria for more than three years, was granted leave of absence by the bank last month following an uproar over emails he reportedly exchanged with Mappus.
07/11/2012
UBS In Bordeaux Said To Have Been Raided In French Tax Probe
The charges were the first brought in the probe, which was opened in April after a preliminary inquiry by the French customs service into a February 2011 complaint by the Prudential Control Authority, France’s banking regulator.
07/11/2012
House of Lords report on MiFID
Finance Watch gave evidence to the House of Lords Sub-committee on 29 May 2012.
07/11/2012
Here Are The 16 Banks Under Investigation Over The Libor Scandal
Some 16 banks contributed to the setting of dollar Libor rates in 2008, the period at the centre of investigations.
07/11/2012
Ex-SJP adviser Carron wins Mail on Sunday libel case
A former St James’s Place adviser has been awarded “substantial damages” and legal costs after the Mail on Sunday newspaper alleged the adviser had stolen £5m from clients.
07/10/2012
Credit Suisse German Clients Homes Raided by Tax Agents, HB Says
The investments averaged about 500,000 euros with individual cases of 12 million euros and more, the newspaper said.
07/10/2012
Clifford Chance advises under-fire Barclays on Libor probe
The firm has advised alongside US firm Sullivan & Cromwell on Barclays’ internal investigation into its Libor submissions, with the news following the bank’s record £290m fine from the FSA, the US Commodity Futures Trading Commission
07/10/2012
FSA blocks acquisition over adviser’s ‘lack of honesty'
It has decided to object to the acquisition by Ewa Karczewska of at least 70% of the issued share capital of Think Finance.com.
07/10/2012
Libor scandal: two London traders suspended from Mitsubishi
The traders, named as Christian Schluep and Paul Robson by sources, are thought to have been suspended two weeks ago on questions of their action when they worked at the Dutch bank.
07/10/2012
Dutch pension fund to sue Goldman unit
In legal proceedings filed at the U.K. High Court in London on Monday, Vervoer claims GSAM was negligent in its role as fiduciary manager on two occasions, according to sources familiar with the case.
07/10/2012
New face greets private clients
She was head of private client services at BPE Solicitors in Cheltenham for eight years.
07/10/2012
Credit Suisse exempted from German tax prosecution
The newspaper referred to so-called Bermuda products designed as insurance-style instruments to avoid tax.
07/09/2012
Email cache shows depth of Whitehall fears over Barclays Libor submissions
In an email dated October 22, 2008, from Sir Jeremy Heywood, then principal private secretary to Gordon Brown, to Paul Tucker, then head of markets at the Bank of England, he asks why Barclays is paying “ABOVE Libor” to fund in the sterling mo
07/09/2012
Mitsubishi UFJ Said to Suspend Two London Traders
The two, Christian Schluep and Paul Robson, have been put on leave, according to Bloomberg.