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

National law firm expands family law team

National law firm has expanded its family law offering with the appointment of a partner, associate and solicitor.

French banks' capital cushions need feathering

French banks may be sitting pretty having passed the recent European Central Bank stress tests, but they still need to plump their capital cushions

Harrison Clark Rickerbys establishes older and vulnerable clients team

The new team will offer specialist advice on issues ranging from dementia to setting up special trusts for those receiving compensation awards

SocGen Denies Bribing Qaddafi Friend in Libya Fund Case

The payments to Walid Giahmi’s company, Leinada Inc., were for “introductory, market intelligence and follow-up services,” the Paris-based bank said in documents at the first U.K. court hearing in the Libyan Investment Authority’s

New bank rules proposed to end "too big to fail"

Banks may have to scrap dividends and rein in bonuses if they breach new rules designed to ensure that creditors rather than taxpayers pick up the bill when big lenders collapse.

Barclays, HSBC Sued by U.S. Soldiers Over Attacks in Iraq

Barclays Plc (BARC), HSBC Holdings Plc and four other banks were accused in a lawsuit by U.S. soldiers of helping Iran process billions of dollars in transfers and finance terrorists who attacked Americans serving in Iraq.

UK pension plan ‘unworkable’, warns expert

The penalty threat is part of a wider package of pension reforms, championed by George Osborne, which will give pension savers new freedom to cash in their pensions from next year.

Danes reveal plans for public company register

Although the Cayman Islands government has been given leeway by the UK to address the issue of beneficial ownership in its own way, the issue is one of significant sensitivity to the offshore sector.

Europe pulls back on research cost revamp

The regulator wants to separate these payments to reduce conflicts of interest, clarify the costs being incurred and ensure investors get a better deal.

FCA reassures fund managers on new EU sales rules

The Financial Conduct Authority, the UK market regulator, has moved to reassure asset managers and financial advisers over new European Union rules that could redesignate £125 billion of standard UK retail funds as “complex investment products

Bulgaria’s Central Bank Revokes License of Troubled Lender K.T.B.

Bulgaria’s central bank on Thursday revoked the license of one of the country’s biggest lenders and moved to open bankruptcy proceedings.

World’s Largest Banks to Be Forced to Hold Big Capital Cushions

Financial Stability Board’s Plan Aims to Shield Taxpayers From Bailouts

International law firm bolsters tax team with appointment of new London tax head

She joins the firm from Berwin Leighton Paisner where she has been a tax partner for over sixteen years.

HSF elects former corporate head Palmer as senior partner

James is one of the UK's most highly regarded corporate lawyers

Single family offices and the AIFMD - should you be bothered?

Despite the exemption for single-family offices, the AIFMD may still have unexpected specific consequences for single family businesses, or, at least, for family single offices managing the wealth generated by large single family businesses.

Fund managers advised to improve KYC on Russian clients

However, these sanctions also extend to high-net-worth individuals (HNWIs) which invest in traditional and alternative fund vehicles.

Did This Manhattan Firm Help Shield a Russian Bank From Sanctions?

A Manhattan PR firm run by a former journalist was hired to help burnish the image of a $10 billion Russian investment fund, an arm of a state-owned bank targeted by sanctions over the invasion of Crimea.

Jersey Private Trust Companies

Private trust companies have been widely used in international structured finance transactions and are now used increasingly by high net-worth private clients.

Watchdog cuts extra capital requirements for UBS, C.Agricole

Switzerland's UBS and France's Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast.

O’Connors and Mazars back Families in Business North West launch

National network, consultancy and membership organisation Families in Business (FiB) is launching its new North West division with the support of the region’s leading professional services firms and professionals.

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