- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Regulator sets conditions for Chinese bank ICBC's Poland entry

Poland’s Financial Supervision Authority (KNF) has granted ICBC special permission to operate in the country, provided it fulfills certain conditions.

Budget ushers in key changes for private client and property lawyers

Chancellor George Osborne has put measures targeting the wealthy at the core of a budget that is also set to cut tax for business and clamp down on tax avoidance by corporates and individuals.

The worst-kept secret was a tax on the rich

The top rate of tax will now fall to 45 per cent from April 2013, and the expectation must be that a similar level of income will be deferred until 2013/14.

UK Supreme Court Rules in Favour of Unsegregated Clients in Lehman Brothers International (Europe)

Now that the UK’s highest court has given its ruling the FSA might presumably take steps to review the rules that have generated such uncertainty.

AMF fines BNP, Socgen over bond sales

The two banks said on Thursday they had yet to decide whether they would appeal the AMF decision.

Risks are increasing in quantity and severity - PwC

While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top

City firm turns to BCL Burton Copeland for hire of regulatory head

The senor solicitor has worked on major fraud cases including an international money-laundering sting called Operation Cotton and an alleged £100m tax avoidance scheme prosecuted by the CPS.

CC and White & Case join advisers on £500m-plus GlobeOp bidding

Clifford Chance, White & Case and Wilmer Cutler Pickering Hale and Dorr have won roles on the bidding battle for hedge fund administrator GlobeOp, after US software company SS&C Technologies last week trumped an earlier offer from buyout house TPG

Mayer Brown picks up Camerons property finance partner

In his new role - which will start in the next few months - Harvey will head up Mayer Brown’s real estate investment team in London.

FSA brands Barclays move unacceptable, hints at swaps probe

The FSA confirmed that Barclays has apologised and agreed to write to all affected customers.

Police to investigate collapsed financial bookmaker WorldSpreads

Initial conversations between the Financial Services Authority and the City of London police on the crisis are understood to have taken place.

Ashcroft's BCB breached rules of Stock Exchange

Mr Ashcroft replaced his father on the board of BCB Holdings, the peer's AIM-listed Caribbean banking business, last year and the company was required to disclose all other current and recent board memberships at that time.

Thomas Eggar ranked in Top 25 Most Admired

Thomas Eggar’s expert private client team provides a broad range of specialist legal and tax support to individuals in areas including family, wealth planning and tax & trusts.

Vatican Bank Image Hurt as JP Morgan Closes Account

The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.

Deutsche Boerse sues EC for blocking NYSE merger

Deutsche Boerse, Germany's stock market operator, will sue the European Commission over its decision to block its proposed $9bn (£5.7bn) merger with NYSE Euronext.

India call centers stealing Brits' personal data

Indian call centers are reportedly selling confidential personal data, including credit card details and medical records of more than 500,000 Britons.

Barclays apologises to FSA after imposing swaps secrecy clause on customers

The revelation comes after The Telegraph was inundated with complaints from business owners over the sale of interest rate swaps.

Incoming SJ Berwin senior partner eyes international expansion

Kon - a key negotiator in the Proskauer talks - yesterday reaffirmed the firm’s plans to revisit the opportunity with another firm.

Linklaters is double winner at Chambers Global Awards 2012

These awards, based on research conducted for the Chambers Global 2012 directory, recognise law firms' pre-eminence in key practice areas and reflect outstanding work, impressive strategic growth and excellence in client service over the preceding 12

EU watchdog allows U.S. ratings use in Europe

The decision is a relief for banks in Europe, large users of ratings from the United States, which feared big costs from having to find alternative ratings for calculating their regulatory capital buffers.

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