08/16/2012
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.
Legal, Regulation & Compliance
08/16/2012
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.
08/16/2012
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.
08/16/2012
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.
08/16/2012
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.
08/15/2012
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
08/15/2012
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.
08/15/2012
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
08/15/2012
Portugal relaxes tax rules for expats
Foreigners in the debt-burdened European country will now find it easier to apply for a tax break.
08/15/2012
Linklaters real estate partner to join Capco as first in-house counsel
Byrne has advised Capco on a number of transactions over recent years, notably its joint venture with entities owned by Hong Kong's Kwok family to develop a 7.5 acre site in London's Earls Court in 2011.
08/15/2012
FSA loophole allows firms to accept trail for a year after RDR
In a blow to smaller firms that get the bulk of their business from third parties, the loophole in the new rules states that execution-only and discount brokers will still be able to take trail if they buy directly from fund groups.
08/14/2012
Milbank boosts London lev-fin practice with Mayer Brown hire
Neil Caddy, who advises financial institutions on acquisition financings and restructurings, joined Mayer Brown as a partner from Allen & Overy (A&O), where he was an associate, in February 2010 (1 February 2010).
08/14/2012
MAB and 3VB offer first defence in Barclays test case
The defence statement was compiled by 3VB’s Adrian Beltrami QC, instructed by Matthew Arnold & Baldwin partner Clare Stothard, for Barclays.
08/14/2012
Linklaters and Cleary lead on Bank of America wealth management sell-off
The New York firm fielded a cross-border team led by corporate partners Paul Shim and Simon Jay, based in the New York and the London offices respectively.
08/14/2012
Guilty verdicts in £10m fraud trial
Three people involved in a fraud that targeted UK investors and expats in Majorca have been convicted.
08/13/2012
StanChart faces huge fine as Barclays chairman ponders current account fees
That will make a huge dent in its £4bn profit fore the first half of this year, and the regulator may just kick the offer into the high grass.
08/13/2012
Inquiry launched into RSM Tenon
PricewaterhouseCoopers is being investigated over its audits of crisis-hit corporate finance firm RSM Tenon.
08/12/2012
UBS denies report it abets German tax evasion
The bank doesn't provide tax services to clients, UBS spokesman Dominique Gerster told Dow Jones Newswires.
08/12/2012
Former Barclays trader "has cooperated" with Libor probe
The hedge fund, WCG Management, sent an email to its investors on Sunday informing them that the $3.4 billion fund is not under investigation in the Libor probe, but confirmed that portfolio manager Ryan Reich has drawn scrutiny from U.S. prosecutors.
08/12/2012
French Constitutional Court Says Wealth Tax Rise Must Be Interim
The country’s parliament approved the increase last month as part of a supplemental budget.