01/11/2018
Financial adviser one of four accused in US$2.5m Bermuda gov’t fraud
Financial adviser Charity, 52, and friend, Ismail, 42, both of Leicester, are also accused of taking part in the fraud.
Legal, Regulation & Compliance
01/10/2018
Fired Barclays Trader Sues to Win Back Job Lost in FX Probe
Barclays had been misusing an electronic trading program by rejecting clients’ currency trades when it showed that they would lose the bank money, the regulator said.
01/10/2018
Julius Baer Seals Italian Deal
The wealth manager is, like until recently WMPartners, managed independently of Zurich, and has its own management under founder Paolo Basilico
01/10/2018
Italy and Iran to sign $5.97bln investment agreement- Treasury source
Opening of lines of credit to two Iranian banks by Invitalia, an Italian state-owned holding, in order to finance investment projects.
01/10/2018
No.1 growth plan for law firm
law firm is targeting an ambitious growth plan as it relocates its Manchester office to No.1 Spinningfields.
01/10/2018
Deutsche Bank Ties May Spur Recusals by New U.S. Attorneys
Berman’s work for bank dates to Khuzami’s term as legal chief
01/09/2018
Theresa May’s Cabinet Reboot Descends Into Chaos
U.K. Prime Minister Theresa May’s attempt to give her government a 2018 reboot was marred by a chaotic cabinet reshuffle as senior ministers refused to follow her orders.
01/09/2018
Herbert Smith Freehills - Financial regulation update
MiFID II: ESMA overview of position management controls
01/09/2018
Andorra Bank Eyes Argentina Wealth Management in LatAm Expansion
Andbank, which already named Gonzalo Tarasido to head up the effort in Argentina, is also considering partnerships with brokerages in the country.
01/09/2018
Dutch dividend withholding tax reform for COOP structures
The change in the legislation looks to eliminate this difference.
01/09/2018
Tilney shuns all but 30 funds after shake-up
He said a portfolio of 30 funds offers exposure to a very wide range of underlying stocks, and therefore a diversified exposure.
01/09/2018
EU Snubbed: Denmark goes cold on joining bloc’s banking union
Banks in Denmark are becoming increasingly sceptical about the benefits of joining the European Union’s banking union.
01/09/2018
ABN Wants Charge Over London Flat To Fulfill $13.7M Claim
ABN’s application for a charge over the property owned by Palmetto Investments Ltd. will be heard by a court official on Feb. 13
01/09/2018
Taxing times ahead for the UK: how to advise clients
The Finance Act implemented changes to the UK tax domicile rules and introduced inheritance tax on the shares of overseas companies which own UK residential property from 6 April 2017.
01/08/2018
French corporate deals reach highest value for a decade
Macron’s pro-business policies lead to rise in optimism among chief executives
01/08/2018
Chase de Vere plans launch of discretionary model portfolio service
On the back of client demand
01/08/2018
PTL launches service to offer asset manager value for money assessments
PTL managing director Richard Butcher explained the analysis would use cost data and evidence relating to control frameworks.
01/08/2018
FCA fines former RBS trader over LIBOR
The purpose of these wash trades was to make or facilitate brokerage payments to two firms of brokers in recognition of his receipt of personal hospitality.
01/08/2018
Five years of foundations in Guernsey
Foundations registered in Guernsey are nearing 100 in the five years since the island’s Foundations Law came into effect.
01/05/2018
Herbert Smith Freehills - Financial regulation update
European Commission report on the functioning of the European ODR platform