05/23/2012
Spain's National Court said Tuesday it has shelved an investigation into potential tax evasion against Banco Santander SA (STD) Chairman Emilio Botin and his family without pressing any charges.
05/23/2012
Linklaters has been named European tax firm of the year by International Tax Review, at its seventh annual European Tax Awards ceremony, held on 16 May, at The Dorchester Hotel in London.
05/23/2012
Linklaters has overhauled its international board, with partners electing seven new members to represent both regions and practice groups on the firm's main oversight body.
05/23/2012
Clifford Chance and Allen & Overy have advised on Man Group’s takeover of $8bn (£5bn) hedge fund Financial Risk Management (FRM) Holdings.
05/22/2012
UBS rogue traders Sachin Karpe and Laila Karan have been fined £1.3m and banned from working in the City for carrying out billions of pounds of unauthorised trades.
05/22/2012
Sheridan, chief executive of 7IM, said that under the FSA’s paper on centralised investment propositions (CIPs) if an adviser puts a client in a DFM-provided model portfolio they need either discretionary authority or the client needs to sign an agr
05/21/2012
All three partners were in the Dewey team acting for creditors of bankrupt financial derivatives broker MF Global, with this ongoing instruction cited as a cue for their decision to join Proskauer together.
05/21/2012
He has taken office promising, in remarks to the Financial Times, to "rebalance the relationship between prosecution and civil settlement" and focus on "strategically significant cases". This would suggest a departure in approach from
05/21/2012
Fraudster and Lib Dem donor Brown controlled broker linked to former Rangers owner Craig Whyte during his 2005/06 crime spree
05/21/2012
Barclays is known to have discussed the plan with UKFI, which manages the Government’s stakes in the two banks, and it is also known that the Treasury is aware of its involvement.
05/18/2012
Wednesday's High Court judgment is also a relief to financial firm professionals who feared the impact of a Shah victory on their processes for suspicious activity reporting.
05/18/2012
Making the bank back into a customer-owned lender or selling the shares would have made less money, it said.
05/18/2012
Property tycoons the Tchenguiz brothers were told that a criminal investigation against them would be dropped if they made a multi-million pound donation to charity, it has been alleged.
05/17/2012
The UK Financial Services Authority's (FSA) draft of new regulations preventing unregulated collective investment schemes (Ucis) being marketed to retail investors will have most impact on the UK private wealth management sector, according to market
05/17/2012
Jamie Dimon, JP Morgan’s chairman and chief executive, and Douglas Braunstein, the bank’s finance director, are accused of breaching fiduciary duty to investors and wasting the bank’s assets in a suit filed in New York by Californian sha
05/17/2012
Foreign-exchange derivatives trader Alexandre Dube and interest-rate derivatives trader John Argent, both based in London, were sent home about two months ago, said the people, who declined to be identified because they weren’t authorized to discuss
05/17/2012
BNP Paribas' chief executive told Le Monde newspaper he was open to regulatory reforms advocated by Socialist French President Francois Hollande, saying they could help bolster public support for the country's much maligned banking sector.
05/17/2012
BGC executive banned from City over dishonesty concerns
The FSA believes that he is not a fit and proper person due to concerns over his honesty, integrity and reputation.
05/17/2012
Innes-Taylor has been at Linklaters since 1986, making partner in 1995, and focuses on the acquisition, funding, development, letting and disposal of all types of commercial real estate.
05/16/2012
Failure to take reasonable care to establish and maintain adequate AML systems and controls went on for three years, the FSA said, and the firm was exposed to an ‘unacceptable’ risk of money laundering.