01/04/2016
Art dealer Wildenstein accused of huge French tax fraud
This “hidden” estate consisted of properties in New York and the Virgin Islands
Legal, Regulation & Compliance
12/31/2015
Apple to Pay $348 Million to Settle Italy Tax Probe
Authorities in Milan told the publication that Apple was under investigation for failing to declare earnings in Italy from 2008 through 2013.
12/31/2015
FCA will not publish key report into Britain’s banking culture
Regulator decides to work directly with banks to address concerns over 'remuneration, appraisal and promotion decisions'
12/31/2015
World Gold Council Wants to Create Standard to Avoid Islamic Finance Disputes
The 18-member council and Amanie Advisors issued a consultation draft in November to Shariah professionals and practitioners.
12/31/2015
Hungary state asset manager sues FHB to increase stake in mortgage bank
At an EGM on Monday 28th December, the shareholders of FHB Mortgage Bank approved a capital raise by issuing new stock capped at HUF 4.45 billion, the statement reminded.
12/30/2015
Russian banker Gitelson seeks for his own bankruptcy
The DIA argued that the defendants did damage to the bank in the said amount by approving unrecoverable loans.
12/30/2015
Barclays fined $13.75m by US regulators
Barclays did not admit or deny wrongdoing in agreeing to the settlement
12/30/2015
British banks on the hunt for legal talent
'Pressure from regulators has played a critical role in driving recruitment within banking and financial services,' commented Robert Walters' chief executive for EMEA Chris Hickey.
12/29/2015
UK banks receive first report cards from Banking Standards Board
Assessments sent to Barclays, HSBC, Lloyds, RBS, Santander, Standard Chartered, Nationwide, Metro, Citi and Morgan Stanley
12/29/2015
Fines and regulation boost demand for City lawyers
Recruitment firm Robert Walters revealed the surge in financial services’ legal recruitment in its annual UK jobs index, which recorded a 22 per cent rise in overall job ads posted online.
12/29/2015
CCP resolution and the ending Too Big to Fail agenda - Andrew Gracie
Speech by Mr Andrew Gracie, Executive Director of Resolution of the Bank of England, at the 21st Annual Risk USA Conference, New York City, 22 October 2015.
12/29/2015
Russia enforces stricter currency exchange rules
Officials say the measures are designed to thwart money laundering and the financing of terrorist organisations.
12/29/2015
Hungary central bank fines Erste, Porsche Bank
Erste Bank Hungary Zrt. is to pay HUF 4.5 mn for two breaches in connection with APR and early repayment fees.
12/29/2015
BNG added to list of ‘too big to fail’ Dutch banks
BNG has been included because it ‘has a relatively large balance sheet and is interconnected with other domestic and foreign financial institutions
12/29/2015
Revealed: BoE's Fury At Barclays Reform Plan
Under new rules drawn up by Sir John Vickers' Independent Commission on Banking in 2011, banks with more than £25bn of deposits must ring-fence their retail units from their investment banks by the end of 2019.
12/29/2015
Oliver Wyman, SocGen to advise on rescued Italian banks - sources
As part of the 3.6 billion euro ($4 billion) deal, Italian authorities set up four temporary or bridge banks that will receive all the lenders' assets and liabilities, and which will be sold in coming months.
12/28/2015
Commerzbank sues 4 banks over mortgage losses
Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo & Co and HSBC Holdings Plc were named in the lawsuits filed in Manhattan federal court.
12/28/2015
Dagong denies European unit faces EU probe
Domestic rating agencies to play bigger role as yuan goes global: expert
12/28/2015
UK City regulator raises jail term tally to 14 from 2
The investigation resulted in arrests and dawn raids across the City of London nearly six years ago.
12/25/2015
Hardeep Nahal Recognized as London ‘Super Lawyer’
He has more than two decades of experience in complex, high value commercial litigation and arbitration, often with an international dimension.