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

Greece Seeks Taxes From Wealthy With Cash Havens in London

The London real estate market was abuzz.

Libor interest rate riggers 'should face prosecution'

A report into the Libor rate rigging scandal says the system is broken and suggests its complete overhaul, including criminal prosecutions for those who try to manipulate it.

Fund managers face growing implementation risk, warns IMA's Sears

“Who is responsible for what between manufacturer, wholesaler, distributor and consumer?"

Standards Commission told to set up bankers’ qualification

Mike Dailly from the Financial Services Consumer Panel argued this would also make it easier to deal with poorly behaved bankers.

Former Credit Suisse banker arrested

"He was taken into police custody and extradition proceedings will commence at Westminster Magistrates Court tomorrow," a police spokesman said.

Liedekerke picks up tax partner from Dexia

She joins Liedekerke after more than 15 years’ experience as an in-house tax professional.

Adjustments to FSA’s liquidity and capital regime for UK banks and building societies

The Financial Policy Committee has today published the record of its meeting held on 14th September - alongside this the FSA has published more details of the adjustments made to the liquidity and capital regimes for UK banks and building societies.

Baker Tilly appoints new private client tax associate director

He most recently worked for specialist tax practices linked to the Lloyd’s insurance market.

Alexander to end contracts for tax evaders

“Taxpayers’ money should not be funding tax dodgers,” he told the Liberal Democrat conference. “So I have tasked HMRC and the Cabinet Office to come up with a workable solution to this problem and we will set out more details later

RBS Instant Messages Show Libor Rates Skewed for Traders

Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to electronic messages the bank is trying to make secret.

Santander taps Uría for legal head as part of team restructure

Banco Santander has hired Uría Menéndez corporate finance partner Javier Illescas as the Spanish bank restructures its legal department into two separate divisions, business legal affairs and internal legal affairs.

RBS Managers Said to Condone Manipulation of Libor Rates

Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired.

Clegg Seeks More U.K. Tax on Unearned Wealth, Top-End Property

“I want to reward people who put in a proper shift, not those who sit on a fortune; people for whom a bonus means a few extra quid at Christmas, not a million-pound windfall,” Clegg said.

FSA 'knew about Libor probe when approving Bob Diamond's promotion'

When the £290m fine for Libor-fixing was announced in June this year, Diamond was not found to be involved.

FSA demands new legal powers after Libor manipulation scandal

The Financial Services Authority is proposing tough new powers to tackle banking malpractice in the wake of the Libor-rigging scandal.

Nuncio quit Dublin role after bank accounts questioned

“It came to our attention that a substantial amount in three bank accounts in Dublin were way in excess of what was needed to run the nunciature."

Cirencester legal practice expands

Wilmot’s managing partner Michael Grenfell said the move would support the firm’s expansion.

Belgium minister rules out wealth tax

"A wealth tax is a door we must leave shut during this legislature," Vanackere said of the 30 months before the centrist six-party coalition headed by Socialist premier Elio Di Rupo faces elections.

IMA publishes final fund fee disclosure guidance

The Investment Management Association (IMA) has issued industry guidance on enhanced disclosure of fund charges and transaction costs incurred by UK-authorised funds.

German banks face mixed news on regulation

If Reuters reports on Bafin come to pass, German banks will have until mid-2013 to meet Basel III requirements.

Legal, Regulation & Compliance