06/01/2012
The FSA will consult on delaying the implementation of new client reporting rules for platforms. The FSA will consult on delaying the implementation of new client reporting rules for platforms.
05/31/2012
He joins Winston & Strawn from Milbank LLP, has a strong track record of advising on complex and high-value disputes on behalf of blue chip companies and financial institutions.
05/31/2012
The court said the probe showed the Botin family had normalized its tax situation before the investigation was opened last year.
05/31/2012
A solicitor wrongly accused by a millionaire client of charging him £300 an hour for legal work whilst playing golf has won an apology and substantial damages after succeeding in his libel action.
05/31/2012
The High Court judge ruled earlier this month ruled in favour of the of the 104 former Dresdner Kleinwort bankers who sought a legal battle with Commerzbank over unpaid guaranteed bonuses that had been promised to them shortly before the investment bank w
05/31/2012
The fine was imposed on Patrick Francis O'Donnell of P3 Wealth Management by the Financial Services Authority (FSA).
05/30/2012
This will replace a previous, similar calculation, known as the total expense ratio (TER).
05/30/2012
Wealth tax was abolished in Germany back in 1997.
05/30/2012
Baker & McKenzie has launched in South Africa with the hire of Dewey & LeBoeuf’s 31-strong Johannesburg office, one of the disintegrating firm’s last remaining international bases.
05/30/2012
FSA fines Scottish wealth manager £60k for Ucis mis-selling
He advised 57 of his customers to invest in UCIS, 14 of whom also invested in other non-mainstream investments.
05/29/2012
He is also chairman of National Australia Group Europe, which owns the Clydesdale and Yorkshire bank brands, and will retire from both positions on 26 July.
05/29/2012
The regulator says Leavey was carrying out a significant influence function without FSA approval, failing to oversee the segregation and protection of client money and approving misleading financial promotions.
05/29/2012
Based on search warrant applications, the SFO conducted no raids for the year to 31 March, compared to 47 in the previous year.
05/29/2012
The government took the unusual step of introducing retrospective legislation.
05/29/2012
A lower Italian court had initially sentenced Fazio to four years but that verdict was eased because some of the charges had lapsed due to the statute of limitations.
05/29/2012
The regulator said the move is part of a long-term initiative to improve battered public confidence in banks.
05/29/2012
The City regulator is seeking to impose a lifetime ban and a £3m fine on the manager of a $550m hedge fund for allegedly lying to investors in the months leading up to the fund’s 2009 collapse.
05/29/2012
The government of Singapore is inviting more foreign law firms to apply for Qualifying Foreign Law Practice (QFLP) licences and will start accepting applications from 1 July.
05/28/2012
A former head of fraud at Lloyds Banking Group has herself been charged with a £2.5m fraud, causing blushes at the part-nationalised bank.
05/28/2012
Zeltner said UBS had assets under management of over 300 billion francs in Europe, over 170 billion francs in Asia, around 110 billion francs in emerging markets and 130 billion in Switzerland.