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

FCA orders more fund disclosure from asset managers

Today’s rules and guidance complement that work by helping consumers understand more about how their money is being managed, so that they can make better investment decisions.

Using EU law to improve the Brexit deal along the lines requested by the UK Parliament

The WTO provides a basic level of trade liberalisation and there is no need to accept such a level of trade freedom as a concession.

Muckle expands services for private clients

Following a significant increase in demand, independent North East law firm for businesses Muckle LLP has expanded its private client team

Bank to the Super-Rich Defeats ‘Unspoken Sexism’ Case

In the lawsuit, Ball had argued that an “unspoken sexism” at the lender prevents women from speaking up when they’re denied promotions

Mourinho accepts one year suspended prison sentence for tax fraud in Spain

Spanish prosecutors said Mourinho, 56, failed to declare revenues from image rights in Spanish tax declarations from 2011 and 2012, when he was coach of Real Madrid, "with the aim of obtaining illicit profits."

Fraudster guilty of running illegal investment scheme

Only £457,119 of these deposits was actually traded by Mr Virdee and almost all was reportedly lost or used to fund his lifestyle.

Former Newton Investment fund manager fined

The email read: "I wanted to urge those considering or in for the OTB (On The Beach Group plc) IPO to think about moving to a 260m pre money valuation limit. I have done that first thing this morning with my 17m order."

Directors banned for trading while insolvent

Disqualifications mean the four directors are banned from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company.

Financial Conduct Authority plunged into centre of scandal of Royal Bank of Scotland's treatment of small firms

The agency was created to insure RBS's riskiest loans after the bank was bailed out by the Government during the financial crisis.

Financial Conduct Authority blasted as 48 fund firms face fees investigation

The total can be almost triple the advertised cost of a fund.

Ex-Georgian PM's suit to have case heard in Singapore court dismissed

The Geneva branch was the centre of management for the portfolio.

Manders Law has been shortlisted for the WealthBriefing European Awards 2019

It is a great honour to be recognised in the shortlist and this is testament to the hard work that the team have put in over the last 12 months.

Starling Bank courts Irish banking licence as it launches euro accounts

The move marks a sizeable step-up in the battle to win over British consumers

German States Issue 41 Fines For GDPR Violations

Advertising mails, Dashcam use as well as open E-Mail distributors were the subjects of fines.

Bank of England and European Securities and Markets Authority agree Memoranda of Understanding

The MoUs will also only take effect in the event of a no-deal Brexit.

Deutsche Bank deflects EU lawmakers’ questions in money laundering probe

Little detail given on alleged links to Danske Bank scandal.

Advisers to pay £175m FSCS levy

The scheme confirmed a levy for 12 months for the 2018/19 period would have been £574m, £58m higher than the proposed levy.

Ex-Falcon Legal Boss' Ban Lifted

To be sure, the court wrote that the executive, who oversaw a compliance team of roughly 20 people, knew that Falcon's anti-money laundering program was lacking in 1MDB transactions carried out by the bank.

HMRC grabs over £400m extra from pension freedom users

UK taxman forced to repay over £30m in Q4 2018, showing little improvement has been made

Who's Who Legal recognition for eight Carey Olsen funds lawyers

Nominees are selected based on independent survey work with general counsel and private practice lawyers worldwide.

Legal, Regulation & Compliance