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.
05/16/2012
Swiss government's official agency for monitoring money laundering cases has said it replied within an average of five days to inquiries from Financial Intelligence Units (FIUs) of foreign governments in 2011, but the average response time for its ow
05/16/2012
The activists, who were marking a year since the start of the Spanish protest movement called los Indignados, rolled a makeshift dice to decide which banks to visit during the day. Last year, los Indignados occupied plazas across Spain in opposition to au
05/16/2012
Rinaldi pointed out that, in most cases, those Italians “have made sacrifices and earned money for Italy through their remittances.” He added that, in Parliament, MEPs are hearing the profound dissatisfaction of Italians around Europe.
05/15/2012
The authorities are examining the data before writing to U.K.-resident account holders and sharing the information with other countries, said the people, who declined to be named because the matter is confidential.
05/15/2012
Dave Hartnett, head of British tax authority HMRC, was responding to a question on whether E.U. common markets officials could mount objections to Britain's deal as well as ones Switzerland clinched recently with Germany and Austria, in favour of dem
05/15/2012
he European Court of Justice has ruled that foreign investment funds that invest in French companies should not be liable to pay a discriminatory withholding tax on dividends
05/15/2012
Von Crailsheim, meanwhile, is a tax specialist and Terpitz is a projects lawyer, focusing on renewables and energy regulatory matters.
05/15/2012
The appointment expands Duane Morris’s private equity group outside the US and Asia, with further hires in the City expected to follow.
05/14/2012
Increased market fragmentation has made it more difficult to pick out market manipulation across Europe's trading venues, pushing the European Securities Markets Authority to enact tough new market abuse rules.
05/14/2012
The consultancy has outlined five areas of impact for DB pension risk management for plan sponsors to consider as they prepare for adoption of IAS 19 rev 2011 over the next year.
05/11/2012
A former UBS trader, who was fired after the bank found he worked with a colleague to manipulate trading figures, sued for unfair dismissal in London.
05/11/2012
He been banned from carrying out any regulated financial services activity in the future.