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

Watchdog policing could prompt GC exodus, warns lawyer

Mr Webber has argued that including lawyers in the new regime may threaten the flow of legal talent to the financial services sector.

Harper Macleod add two new partners at Edinburgh office

Chairman of Harper Macleod, said: “We signalled our intent to grow extensively in Edinburgh last year and have been true to our word by almost doubling our number of partners in the city.

Ex-Julius Baer bankers to plead guilty in U.S. in Swiss tax case

Their prospective pleas came after Julius Baer in December disclosed that it had reached a deal with prosecutors to pay $547.25 million to resolve a probe born out of a U.S. crackdown on offshore tax evasion by Americans through Swiss banks.

Bank of England maintains stance on EU bonuses cap

Bank says the cap, which limits bankers’ bonuses to 100 per cent of their salaries, has had the unintended consequence of increasing fixed pay and limits the ability to claw back bonuses in the event of wrongdoing

Nabarro advises Cicerone Fund on acquisition of Waterstones' landmark Piccadilly bookstore

This marks the debut for the ambitious international expansion of the Cicerone Fund, an Italian property fund dedicated to Cassa Forense

Malaysia malaise – will domestic challenges in Malaysia affect investment in UK real estate?

UK real estate has seen significant inward foreign investment since the financial crisis, with Malaysian investors at the forefront of the most recent wave.

Greenberg Traurig Confirms Tie-Up Talks With British Firm

Rosenbaum declined to comment further on the potential U.K. tie-up.

FCA weighs opening IFAs to P2P FOS claims

In a consultation paper published today, the FCA proposed changing the current rules which mean investors cannot lodge a complaint about poor advice on P2P agreements.

Deutsche Bank must face US lawsuit over US$3.1 billion mortgage loss: judge

Deutsche Bank AG must face a U.S. lawsuit seeking to hold it liable for causing US$3.1 billion of investor losses by failing to properly monitor 10 trusts backed by toxic residential mortgages

Barclays Agrees to Offload Derivatives Contracts to JPMorgan

Rates swaps are usually classified as less risky and capital consumptive than equity or credit derivatives.

Clarifying intentions: overall responsibility for the legal function under the Senior Managers Regime

On 27 January 2016, the FCA issued a statement to clarify an issue that there is uncertainty in the market as to whether an individual in charge of a firm’s legal function requires approval under the new Senior Managers Regime (SMR) when it enters i

Santander re-enters investment advice market

Santander plans to have a force of 225 advisers across the country by the end of March.

French Couple Files Lawsuit Against Former IMF Head on Suspicion of Fraud

French couple sued former IMF head on financial fraud and misuse of corporate assets.

Spotlight now on Swiss bank caught in 1MDB saga

BSI is a relative latecomer in Singapore's private banking scene, having started business here only in 2010.

Boutique lawyer e3 focusing on Liverpool expansion

Employment law specialist targeting growth in city after recruiting non-executive director David Ost

Up to 15% of equity funds ‘may have been mis-sold’ – Esma

Esma studied the performance and disclosure documents of 2,600 funds across Europe over 2012-2014 and found that between 5 and 15 per cent of retail equity funds “could potentially be closet indexers”.

HSBC subsidiary hired senior staff with unaccredited degrees

Two senior compliance staff hired by HSBC Saudi Arabia, a subsidiary of the main British bank, have unaccredited business degrees, a Channel 4 News investigation finds.

Regulators fine firms £18mn after insurer collapses

This misconduct contributed to the failure of several insurance schemes as well as to three insurers going into administration.

Major international law firm opens its own Iran office in Tehran

This includes the right to provide legal advice in Iran.

Corporate News Weekly Round-Up - Christopher Hines, Withers

Delaware Court Enforces ‘Good Faith’ Negotiations, New Disclosure Requirements for UK Companies and UNFCCC Adopts ‘Paris Agreement’

Legal, Regulation & Compliance