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

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.

UBS ignored rules for profit, says "rogue trader" lawyer

Managers at Swiss bank UBS turned a blind eye when traders exceeded their agreed limits as long as the bank was making money from their deals, a lawyer for accused "rogue trader" Kweku Adoboli told a London court on Thursday.

Derivatives industry urges caution on Libor reform

Britain's Financial Services Authority is publishing its recommendations for legal changes to Libor on September 28.

UBS Paris offices searched in tax evasion probe

UBS says cooperating with investigation

Planning for the AIFMD: are hedge fund managers fully prepared

The Directive’s requirements will be significant and its implications far-reaching for both EU hedge fund managers and (increasingly over time) non-EU hedge fund managers seeking to raise capital in Europe.

Paedophile accuses Rabobank and ABN Amro of discrimination

A leading Dutch pro-paedophilia campaigner has made formal complaints of discrimination against Rabobank and ABN Amro for refusing to give him a bank account, the Volkskrant reports on Wednesday.

FSA fines Pi Financial for Ucis and structured products failings

Pi advised 168 clients to invest £6 million in Ucis and 362 clients to invest £20 million in structured products.

City law firm Field Fisher in merger talks worth £200m

“It is well known that merger is on Field Fisher Waterhouse’s agenda as potentially one way of achieving our ambitious growth plans and strategic objectives”

UBS was aware of Kweku Adoboli's billion-dollar trading problems six weeks prior to arrest

UBS was aware of a $3.6bn (£2.2bn) black hole in trading accounts produced by the alleged rogue trader Kweku Adoboli six weeks before he was arrested, a court heard.

Inheritance tax could be scrapped in exchange for resurrection of mansion tax

Inheritance tax on property would be scrapped in exchange for a new mansion tax on large houses, under plans being considered by the Liberal Democrats.

Spain to Keep Wealth Tax in 2013 Budget

The Spanish government will keep a tax on the wealthiest in the 2013 budget as the country aims to cut its deficit down to 4.5% of the gross domestic product next year, reports Expansion in its Wednesday Internet edition, citing unidentified sources close

Deloitte announces revenue results of US$31.3 billion

Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.

France To Undo Sarkozy's Wealth Tax Reform

Despite having originally planned major wealth tax reforms, the French government is now resigned to the idea of merely re-establishing the previous wealth tax scale of between 0.55% and 1.8%, and to introducing a fiscal cap of 80% of income to accompany

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