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

Russell Collins and Boston Consulting Group Appointed to Support Barclays Review

Russell Collins has agreed to undertake the deputy role, acting as the Executive Leader of the Review.

DLA Piper bulks up in France with Paris corporate merger

The merger, which will take effect on 1 October, will see DLA's lawyer headcount in the French capital rise to more than 30 partners and 40 further lawyers.

Athens Closes in on Wealthy Tax Evaders

Modelled on Switzerland's agreements with Germany, Great Britain and Austria, the deal is aimed at the billions of euros Athens estimates that wealthy Greeks have parked in the Alpine country to avoid taxes back home.

Swap mis-selling staff offered pay worth more than £200,000 a year

Banks are offering recruits up to £900 a day to work on interest rate swap mis-selling claims.

Baker & McKenzie Retains Global Top Spot With Record Revenues

Baker’s profit per partner fell 9 percent to a three-year low of $1.09 million, however, with the firm’s profit margin dropping 4 percentage points to 34 percent.

Barclays Said to Face Possible U.K. SFO Probe Over Qatar Fees

The Serious Fraud Office, which prosecutes bribery and white collar crime, may inform the London-based bank about its decision on a probe this week, according to the people, who declined to be identified because the discussions are private.

DLA Piper set for Paris expansion with local merger

The firm is understood to be in advanced discussions with Frieh Bouhenic, a 26-lawyer boutique established in January last year by ex-Linklaters rainmaker Michel Frieh and Pierre-Alain Bouhenic, formerly of Weil Gotshal & Manges.

France To Clamp Down On 'Unfair' ISF Tax Breaks

France’s solidarity tax imposed on wealth currently serves to generate in the region of EUR4bn a year for the state.

French banks investigate potential breach of U.S. sanctions

Neither would confirm whether the inquiries concerned U.S. sanctions against Iran, which have led to investigations at rival banks such as UniCredit and RBS and have already cost Standard Chartered a hefty fine.

Standard Life: Advisers struggle to explain post-RDR charges

Survey of insurer’s ‘account managers’ suggests disclosure is key RDR concern for advisers.

US investigates UniCredit over sanctions ‎

Unicredit has confirmed it is co-operating with a US investigation into a possible breach of sanctions.

Zero Tolerance For Helping Tax Evaders, Says UBS

"The bank requires that all employees in the cross-border asset management business abide by legal fundamentals, including the German-Swiss tax deal […] Whoever transgresses is severely sanctioned”, Mr Weber told German newspaper Handels

JPMorgan "London Whale" hires lawyer in France

The trader at the center of the criminal investigation surrounding JPMorgan's $5.8 billion trading loss has hired a lawyer in Paris, two sources familiar with the investigation said on Thursday.

Intesa Luxembourg banker probed in tax evasion case

The magistrates have now put the chief executive of Intesa's Luxembourg unit Societe Europeenne de Banque (SEB), Marco Bus, and an Italian broker and former Intesa employee, Alessandro Jelmoni, under investigation.

Three platforms to accept US-taxpayer business post-Fatca

The reporting requirements have led platforms to reassess whether they will continue to hold assets for existing US investors and whether they will accept new business from US taxpayers.

Germans raid Julius Baer clients in tax crackdown

German tax inspectors have raided clients of Swiss bank Julius Baer, the latest development in a dispute over untaxed money held in secret Swiss accounts, a German magazine reported.

German Windfall Wealth Tax Said To Be Constitutional

According to legal expert Joachim Wieland, the deciding factor in the matter is whether or not the state has an exceptional financial need for such a one-off levy, for example to save the country’s banks, to bail out other countries, or to reduce bo

FSA unveils Ucis products crackdown

The Ucis retail market is worth about £2.5 billion in the UK and some 85,000 ordinary retail investors have direct holdings in investments, which can hold assets like traded life policy investments, fine wines, crops and timber.

MPs seek British version of U.S. tax disclosure rules

The proposed legislation takes as inspiration the new U.S. Foreign Account Tax Compliance Act (FATCA), which is designed to stop Americans from hiding money from the taxman offshore, the report says.

Commerzbank admits Iran sanctions investigation

Commerzbank has become the latest bank to admit it faces being fined as part of a US investigation into sanctions busting by international financial institutions.

Legal, Regulation & Compliance