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

Serious Fraud Office actively reviewing material on US action against Fifa

The government has confirmed that the Serious Fraud Office is actively reviewing material related to US action against the Fifa officials accused of corruption

Belgium to Block ‘Vulture’ Funds From Profiting on Government Debt

Motion would affect funds that snapped up government debt at rock-bottom prices from countries teetering on the brink of default

The Gibraltar FSC signs MoU with the Guernsey FSC

The MoU will serve as a formal agreement to strengthen co-operation between the two supervisory authorities, providing a gateway to exchange information and increase investigative assistance between the two organisations.

Wealthy ex-wife settles for £1.6m after judge warns on legal costs

A wealthy property developer's wife is to receive over £1.6m in a settlement worked out after a judge urged the couple to spend no more money on their divorce battle after legal costs reached a "crazy" and "absolutely barmy"

AO Hall and Maitland Chambers host first cyber-currencies conference in Guernsey

AO Hall and Maitland Chambers are hosting Guernsey's first-ever dedicated conference on digital currencies.

Compensation for poor conduct has cost the world's biggest banks £200bn

The cost of compensating customers, paying fines and legal bills for the world’s biggest banks has increased to £200bn

Putin signs law on offshore assets amnesty

The law on capital amnesty elaborated by Russian Ministry of Finance was approved by Putin on March 25

Hedge Funds Face $5 Billion Tax as Iceland Unveils New Law

Iceland presented legislation that will let it tax bank creditors trying to exit the $15 billion economy as the government unveils an historic bill to end capital controls.

Brown Rudnick boosts Paris with restructuring duo

Brown Rudnick has bolstered its Paris team with the hire of partners from French firms De Gaulle Fleurance & Associés and August and Debouzy.

DOJ readies fresh round of hefty bank settlements

The settlements involve mortgage securities that the banks sold in the run up to the financial crisis.

Eurozone bank stress tests set for 2016: report

A stress test is a simulation of various scenarios of financial crisis that probes the strength of banks' balance sheets.

Three Swedish banks accused of mis-selling funds

Nordea, Handelsbanken and SEB are accused of selling funds that could be classed as “closet trackers”

Asset Management Chief Suggests Companies End Quarterly Reporting

Change in law prompts call for companies to focus on long-term business goals

Expat pensioners losing out as Government thinks they're dead

Elderly Britons overseas who've missed a deadline to prove they’re still alive have had their pensions stopped

Banca Monte Paschi Belgio implements Wolters Kluwer regulatory reporting software

OneSumX Regulatory Reporting, part of OneSumX for Compliance, uses a single source of data to help ensure consistency

Libor Trial Hears Global Banks Submitted Skewed Data

Numerous banks told the British Bankers’ Association they deliberately submitted inaccurate data, court at Tom Hayes trial is told

Bellpenny completes two more IFA buyouts

Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.

Ombudsman forces managers to make up losses suffered in late transfer

The Pensions Ombudsman has ordered two wealth managers to make up the investment losses incurred by a pensioner on the late transfer of his drawdown fund.

Lloyds to get record £100m fine for mishandling PPI complaints

Bailed out bank Lloyds is set to be slapped with a record fine by financial watchdogs for mishandling payment protection insurance complaints

Lloyds bank fined £117m over PPI scandal

Largest ever retail fine

Legal, Regulation & Compliance