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

Mishcon harnesses private client nous with advisory launch

It will also offer concierge services - an extension of the 24–hour, 365 days a year global concierge service the firm launched in conjunction with leading luxury lifestyle group, Quintessentially, in 2010.

Citi, UBS provide keys to widening interest rate-rigging probe

Citigroup and UBS, in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest r

Greece signs international tax agreement to tackle tax evasion

The Convention promotes international co-operation in the assessment and collection of taxes.

U2 bassist suing Bank of Ireland Private Banking

U2′s bass player Adam Clayton is suing Bank of Ireland Private Banking and chartered accounting firm Gaby Smyth & Co over claims that his former personal assistant took over €4.8 million from his bank accounts.

Keydata founder seeks probe ban on FSA staff who saw e-mails

Keydata administered 2.8 billion pounds ($4.42 billion) of assets when the FSA asked a court to place it into administration in 2009.

Scottish firm Biggart Baillie advises Rangers FC administration

The news comes as the English football club Portsmouth FC have also applied to enter administration for the second time in recent years, amid growing concerns that football's financial bubble is about to burst.

FSA obtains interim injunction to halt unauthorised deposit-taker

Assets belonging to both Mudge and Lewis have also been frozen.

FSA bans Ayrshire-based IFA over non-payment of £8K fees

Dominique Strauss-Kahn questioned as 'pimp' suspect

The 62-year-old ex-Socialist minister was seen as the frontrunner to replace Nicolas Sarkozy as president of France until his arrest last May on rape charges on a New York maid – later dropped.

U.K. Lawmaker Targets Bank Executives

The Conservative Member of Parliament for Wycombe is hoping to attract cross-party support for a new bill that will force bank directors, already under pressure over the size of their bonuses, to take personal liability for any losses suffered under their

Garnier calls for IMA to reverse stance on fees

HSBC Global Asset Management, Legal & General Investments and BlackRock have now joined Fidelity in calling for a new industry standard of fund fee disclosure which takes into account trading costs.

Iceland FSA head derides investigation into his fitness for job

The regulator’s board will review Andersen’s letter today, said Chairman Adalsteinn Leifsson, in a Feb. 17 interview.

BBC pays £1.8million legal bill to help keep stars' pay confidential

Critics claim the figure represents poor value for money and it has been suggested the National Audit Office (NAO) may investigate the issue.

Santander fined £1.5m for structured product failings

Santander acknowledges that it could have changed its product literature and training materials more quickly to reflect the FSCS position accurately.

Further arrest in FSA and Soca insider dealing case

The searches and the arrest are the latest developments in a complex insider dealing investigation being carried out by the Financial Services Authority and the Serious Organised Crime Agency.

Boiler room alert: share fraudsters return to target wealthy investors

Private client investment managers are reporting that their clients are being targeted by bolier room scams.

Senior bankers caught up in film investment tax probe

Three senior investment bankers have emerged as being among the 16 individuals arrested last week as part of an investigation into allegations of tax evasion involving film financing schemes.

FSA arrests LGIM employee in insider dealing investigation

An employee of Legal & General Investment Management (LGIM) was arrested by the Financial Services Authority (FSA) last night as part of an investigation into alleged complex insider dealing.

Closed UK hedge fund ordered to pay $76.8m

Sweet ruled that Pentagon Capital and Chester must disgorge $38.4 million in improper profits on the trades. He imposed the same amount as an additional civil penalty.

Fraud agency under investigation in UK

The review will focus on how Britain's main agency for hunting down major financial crimes and corruption goes about selecting and pursuing cases, a spokeswoman for the government's legal advisor said.

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