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

Credit Suisse CEO, Blindsided by Risk Buildup, Cuts Jobs

Since taking over in July, Thiam, 53, has pledged to focus on wealth management while shrinking the riskier securities businesses

Bank of England: Don’t wipe out international banking

The Bank of England has been one of the leading regulators pushing for banks to raise bigger financial buffers to protect themselves against a financial downturn

REGIS-TR enhances services for Swiss reporting requirements

REGIS-TR will provide market participants with a one-stop shop for all European regulatory reporting, including transaction, position and valuation reporting for FinfraG.

'Flash Crash' Trader Sarao Loses Extradition Ruling in U.K. Court

The ruling comes nearly a year after his arrest at his parent’s house near London’s Heathrow Airport made headlines

Flexibles Must Act to Reverse Outflows Europe's hard-hit strategic bonds need to cut fees

She adds that some funds should consider ditching their performance fee, even though this has been largely irrelevant given the losses.

Banco Popolare, BPM expected to approve merger on Wednesday: source

Trading in shares of the two banks is suspended ahead of statements due after the market close.

Recent changes to BVI legislation - Withers

The BVI's response to the UK government's call to the Overseas Territories for greater transparency in beneficial ownership has been incorporated in recent changes to BVI legislation.

Credit Suisse, CIA-Funded Palantir to Target Rogue Bankers

The Zurich-based lender plans to expand Signac to monitor all employee behavior, catch breaches of conduct rules, and eventually offer the service to other banks.

Danske Bank reported to police over anti-money laundering lapses

enmark's financial regulator has reported Danske Bank, the country's largest bank, to the police for violating Danish anti-money laundering rules.

Launch of Ashurst Advance creates integrated platform for future innovation

This combination will bring significant advantage to clients by ensuring that work of the highest quality is delivered by the right people

Maybe I will arbitrate, maybe I won't – Anzen Limited and others v Hermes One Limited (British Virgin Islands)

The case involved shareholders in a BVI company, whose shareholders' agreement provided that any party 'may' submit a dispute to binding ICC arbitration in London.

Mandatory "bail-in" clauses for foreign law documents - Harneys

With effect from 1 January 2016 all foreign (non-EU) finance documents entered into with regulated financial institutions within the EU will need to contain a mandatory “bail-in” clause with respect to any liabilities of the financial institut

Half of FCA staff unhappy with leadership - report

Half of staff at the Financial Conduct Authority are unhappy with the way the organisation is run, an increase in dissatisfaction compared with two years ago.

FCA warns businesses on competition law compliance

The FCA's announcement gives a clear indication that it expects financial services businesses to have competition law compliance programmes in place

FCA warned about advisers’ ability to meet P2P rules

To take account of these legislative changes, the FCA asked for views on updates it is planning to make to its rules and guidance on disclosure and advice relating to P2P agreements.

Jailed Libor trader Tom Hayes to pay £878,806

The ability to organise even minor movements in the rate had the potential to generate bumper profits for a trader.

MoU sees Guernsey's fund industry agree closer ties with China

The British Private Equity & Venture Capital Association's Channel Islands Working Group was also a signatory to the MoU and will enjoy the benefits that come with closer ties.

Ex-Leeds Utd MD David Haigh acquitted in Dubai on Twitter abuse charges

He expected Mr Haigh to return to the UK in two to three days.

Disclosure of Beneficial Owners of Foreign Companies Holding UK Property

Whilst the main aim of the proposal is to tackle crime, corruption and money laundering it is quite likely that one of the aims is to collect beneficial ownership information so that the new rules in relation to UK Inheritance Tax for residential properti

A cautionary tale during bonus season by Richard Sheldon, Appleby

This month many employers are currently going through the sometimes painful annual process of making bonus awards to tie in with year-end results.

Legal, Regulation & Compliance