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

BlackRock backs Bolton against Italian civil suit

Such matters would usually remain private, but Consob's letter was leaked to an Italian blog at the end of last month, before BlackRock received it, City A.M. understands.

Former top execs to give evidence against RBS in High Court trial

We believe we have strong defences to the claims that are being brought against the group

Regulators ease new bank rule on leverage

At its meeting in Basel today, the Basel Committee's oversight body, the Group of Governors and Heads of Supervision, endorsed a number of important steps in the completion of the post-crisis reform agenda.

Boiler room alert: FCA warns of LBV Asset Management clone

The Financial Conduct Authority has warned investors of a new boiler room scam operating under the same name as authorised firm LBV Asset Management.

King & Wood Mallesons announce new practice management lineup

King & Wood Mallesons has announced the appointment of Craig Pollack as the new global co-ordinator for dispute resolution/litigation.

Absolute Capital Founder Homm Loses Extradition Appeal

Florian Homm, the founder of Cayman Islands-based Absolute Capital Management Holdings Ltd. who was arrested last year in Florence, Italy’s Uffizi Gallery, lost his appeal of an order to extradite him to the U.S.

Italy's securities regulator begins civil proceeding against BlackRock' money manager

The regulator alleged that the manager utilized information not available publicly in order to avert €114.5 million or $156.5 million in losses for its clients in 2013.

Proposed Changes to the Taxation of UK Partnerships by Richard Ward, Ceinwen Rees, Debevoise

In May 2013, HM Revenue & Customs (“HMRC”) published a consultation document looking at various aspects of partnership taxation.

August & Debouzy turns to Weil for private equity hire

French firm August & Debouzy has boosted its private equity practice with the hire of partner David Malamed from Weil Gotshal & Manges.

Deutsche Bank Said Set to Punish Staff Including Cloete on Libor

Deutsche Bank AG, Europe’s biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest- rate rigging scandal

More whistle-blowers reporting tip-offs to FCA

Following this market abuse investigation, financial regulators in both the UK and US have reported more instances of tip-offs relating to potential illegal behaviours within the industry.

RBS and Barclays face new probe by US regulators

RBS is said to be among nine banks being investigated for selling subprime mortgages

Proposed Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions

The framework recognises that SIFIs vary in their structures and activities, and that systemic importance and impact upon distress or failure can vary significantly across sectors.

Man Group’s GLG Sued by OK Owner for ‘Incomprehensible’ Deal

Investment firms selling complicated derivatives have faced lawsuits around the world from customers baffled by losses that followed the collapse of Lehman Brothers Holdings Inc. in 2008. In the U.K., thousands of small businesses have sued lenders over i

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