11/18/2012
IKB Sues Morgan Stanley Over $147 Million in Bonds
IKB, based in Dusseldorf, said in a summons filed today in New York state court in Manhattan
Legal, Regulation & Compliance
11/18/2012
Man accused of defrauding AIB rubbed shoulders with royalty
A FRAUDSTER accused of swindling Allied Irish Banks hosted the Duchess of Cornwall
11/18/2012
RSM Tenon reports thaw in FSA relations as RDR hits sales
Advisory firms says “business as usual” relationship resumed after period of increased supervision from regulator.
11/15/2012
FundsNetwork urges HMRC to clarify adviser charging rules
Head of tax Paul Kennedy said advisers needed to be aware that facilitating a fee would count towards a client's capital gains tax allowance, currently at £10,600.
11/15/2012
Linklaters Amsterdam Partner Moving to Sydney with DLA Piper
He primarily advises international investment banks and sponsors on complex cross-border transactions.
11/15/2012
Coutts & Co turns to Herbies for High Court battle
A court date has been set down for the end of the month, bringing to a climax a four-year battle between the parties.
11/15/2012
Two-timed women can keep money after being cleared of insider dealing
Two women who between them made more than £600,000 by following share tips from their two-timing banker boyfriend are set to keep the money after they were cleared of insider trading.
11/15/2012
FSA tells City banks to claw back bonuses
Britain's financial watchdog has warned global banks in London that it expects to see them “claw back” deferred bonuses from bankers involved in the recent scandals that have rocked the industry.
11/15/2012
Greece Asks U.K. Chancellor for HSBC Account Holders in Jersey
Stournaras wrote to U.K. Chancellor of the Exchequer George Osborne asking for the information, according to an e-mailed statement from the Athens-based Finance Ministry.
11/15/2012
FSA cancels adviser's permissions over FOS award
The FSA has cancelled the permissions of an adviser firm for failing to pay a Financial Ombudsman Service award relating to its predecessor business.
11/14/2012
Trustees find £44m of missing GP Noble funds
Lawyers and trustees say net recoveries of the missing pension monies is “exceptional in cases such as this”.
11/14/2012
Whistleblower to testify to commission regulators on alleged gas-price fixing
Former gas trader Seth Freedman to go to Brussels as European Union warns of possible energy competition inquiry
11/14/2012
CPP hit by record FSA fine
The fine is for all types of sale made by CPP while the focus of the redress exercise is CPP's direct sales.
11/14/2012
Offshore tax probe comes to Spain
Thatcher, who has a multi-million euro villa in the exclusive Madronal development, near Benahavis, has also been fingered.
11/14/2012
Swiss Bankers Defend German Tax Deal
Swiss banks have vehemently refuted claims by Germany’s main opposition parties that alleged German tax evaders are transferring their assets en masse to other so-called “tax havens”
11/13/2012
Gerard Depardieu flees France to seek Belgium asylum from wealth tax
Gerard Depardieu has become the latest rich Frenchman to flee his country and the stinging wealth taxes levied by Francois Hollande, the Socialist President of France.
11/13/2012
Judge orders Barclays to reveal names of 208 staff linked to Libor probe
Lawyers for Barclays will on Wednesday disclose the names of 208 staff caught up in the scandal
11/13/2012
HMRC faces paying back £5bn to £7bn in tax
The judgment, handed down on Tuesday, threatens to open the floodgates for businesses
11/12/2012
Advisers face 500 complaints over Ucis and film investments
The Financial Times reported that nearly 500 investors were considering making a complaint against their adviser for allegedly mis-selling investments in film production companies and Ucis over the past decade.
11/12/2012
German prosecutors search UBS clients in tax probe
A number of state prosecutors and about 50 tax investigators were undertaking the searches of domestic German clients of UBS