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

FSA fines wealth advisory firm for misleading promotions

The watchdog also said the Ilford-based firm failed to handle complaints properly, and noted a significant number of these were linked to its Eurolife Secured Bond ISA.

Former Lloyds executive cries foul over IT whistle blowing

The bank is having its fair share of IT troubles.

UK finance job sackings and suspensions at five-year high

The finding comes after a succession of financial scandals and efforts by regulators to clamp down on misdemeanors.

HMRC: taxman increasingly 'snooping' on taxpayers

The taxman is increasingly snooping on the private lives of taxpayers, with officials accessing thousands of pieces of personal information over the past year, it emerged today.

Barclays panel delayed as bank moves away from biennial reviews

Barclays has delayed its panel review planned for this summer by 12 months as the banking giant embarks on a plan to scrap its practice of reassessing law firm rosters on a two-yearly basis.

Bonelli and White & Case scoop lead roles on €2.5bn Generali deal

The joint venture was set up in 2007 to create a major Eastern European insurance company.

Austria To Agree Swiss-Style Tax Deal With Liechtenstein

The bilateral tax accord between Austria and Liechtenstein

Former JP Morgan banker to appeal £450,000 by FSA

Ian Hannam, the former JP Morgan banker, is to appeal his £450,000 fine

Swiss Banks Welcome Rejection of Germany Tax Accord, Study Shows

Banks will be able “to avoid the costs of implementation and the resulting immediate outflow of client assets.”

Spain to Apply 21% Value-Added Tax on Fund-Management Fees

The resolution by the Direccion General de Tributos, the tax agency under the Budget Ministry, was dated Jan. 2. That will be its effective date, Bravo said.

FATCA’s A Business Opportunity, Say Wealth Managers

FATCA and other tax information swapping laws between countries to crackdown on people not declaring their true financial status could lead to a boost in trade for wealth managers.

French budget minister Jérôme Cahuzac faces tax fraud allegations

Inquiry will seek to establish whether the minister in charge of French tax policy had a secret bank account in Switzerland.

Old Mutual to acquire 22seven?

Many South African banks initially blocked the service from gaining access to client accounts due to alleged security risks.

Heads may roll at RBS over Libor

Emails from traders cited as evidence for the Libor rigging are particularly lurid, according to sources.

Pilots plan to sue ABN Amro for allowing them to borrow money

We estimate there are 1,200 to 1,300 unemployed pilots.

HMRC makes 640 requests from foreign gov’ts for tax info on individuals

“HMRC has begun investigations into thousands of individuals with overseas assets in the last few years, and will probably have picked off most of the low hanging fruit.”

Schroders ditches PwC as auditor

PwC and its predecessor firms had been auditor to Schroders since at least 1959, when it floated on the London Stock Exchange.

French budget minister Jérôme Cahuzac faces tax fraud allegations

The French budget minister is to be investigated over allegations of tax fraud

Rising star of family law made partner at Manches

In May 2012, she was nominated and shortlisted as Family Lawyer of the Year for the Spear’s Young Turk Awards which recognises outstanding individuals from new or less traditional private client firms.

Stibbe's former secretary-general teams up with fellow heavyweights for boutique launch

He announced his departure from Stibbe in July following the dissolution of the Herbert Smith alliance.

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