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

Memery Crystal focuses on Africa after strong year

The London-based firm also continued its reign as the top firm for the number of Aim-listed clients (31 October 2011) and increased its growth in litigation for the third year running.

Maclays, Norton Rose, Taylor Wessing clinch £209m property finance jobs

A raft of firms including Maclay Murray & Spens, Norton Rose, Taylor Wessing and Tods Murray scooped roles as property fund Picton Property Income secured £209m from Aviva and Canada Life to refinance one of its portfolios.

Drafts of FATCA Model Intergovernmental Agreements Released

The US, UK, France, Germany, Italy, and Spain have jointly issued drafts of two versions of model agreements implementing FATCA through a process of intergovernmental information exchange (the “Model Agreements”).

CISI and FINRA announce cooperation on exams and membership

The FINRA/CISI MoU will ensure that relevant FINRA members holding the Series 7 – General Securities Representative Examination -- will be able to maintain or achieve authorisation as Retail Investment Advisers in Securities and/or Derivatives from

IMA proposes a new clearing approach to protect investors

The EMIR Regulation is intended to reduce the risk associated with the OTC derivatives market and establish common rules for central counterparties and trade repositories.

UK FSA to suggest scrapping LIBOR

Following the recent LIBOR scandal, which has already seen Barclays fined £290m by US and UK regulators for manipulating the rate, the UK regulator will today set out a package of proposals designed to restore trust, the Financial Times reports.

German State Buys More Data on German Investors From Swiss Banks - Report

A spokesman for the state's Finance Minister Norbert Walter-Borjans told Dow Jones Newswires the minister doesn't comment on single cases, and that the ministry receives and examines data regularly.

In London, Censure of an Elite Bank Draws Harrumphs

But now that a state regulator in New York has accused Standard Chartered, one of London’s most reputable banks, of colluding with Iran, Britain seems to be drawing a line against what many here consider American overreaching.

Japan's biggest bank suspends UK trader over Libor scandal

Japan's biggest bank has suspended a London-based trader over the widening interest-rate rigging scandal in Britain that has rocked confidence in financial markets.

Linklaters in exclusive alliance talks with South Africa's Webber Wentzel

The deal is set to follow the same formula as the magic circle firm's tie-up with Australia's Allens Arthur Robinson, which subsequently rebranded as Allens, and is expected to consist of a formal referral agreement and one or more joint venture

Fraud inquiry threat to Barclays over Arab bailout

Serious Fraud Office collaborating with City watchdog's investigation into controversial deal

FSA looks to strengthen whistleblowing process

IFA Centre managing director Gill Cardy met the FSA last month to discuss concerns among members about the lack of an effective whistleblowing process to highlight poor practice and risky products.

Standard Chartered US claims puts auditors back in dock

Auditor Deloitte has rejected claims it helped Standard Chartered hide $250bn (£161bn) of illegal Iranian transactions in the latest scandal to embroil the industry.

Amanda Allen bounced cheque case could affect UAE expats

Case involving a bounced cheque in Abu Dhabi could cause problems for Britons looking to buy property in the UAE.

Former Lloyds’ online security chief admits £2.5m fraud

At Southwark Crown Court today, Harper, age 50, admitted a single charge of fraud by abuse of position by submitting false invoices to claim payments, reported the BBC.

Standard Chartered rejects Iranian 'scheming' claims: statement in full

Standard Chartered has firmly rejected claims that it “schemed” with Iran to conduct secret transactions worth $250bn (£160bn). Here is its statement in full.

Cleary up front on China investment in Italy football giant Inter Milan

The club declined to disclose the identity of the investors or the financial terms of the deal, which will will see the Chinese investors become the second-largest stakeholders behind the Moratti family.

FATCA creates strategic dilemma for wealth managers

The inter-governmental rules were made in conjunction with France, Germany, Italy, Spain and the UK, which have all made reciprocal agreements with the US.

Fraud Office to be paid 'by results' for Libor probe

There is no blank cheque and, in contrast to previous big cases, money will not be made available in one go.

Paid-for accounts threaten new bank scandal

More than 10 million customers with paid-for bank accounts will receive letters assessing their eligibility for the products within the next 18 months, potentially sparking a scramble for compensation to rival the PPI mis-selling scandal.

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