01/22/2013
HMRC plans to tax platform rebates in latest crackdown
A tax on rebates would hit bundled share classes, which are offered by most of the UK's platforms
Legal, Regulation & Compliance
01/21/2013
Linklaters picks up banking partner from A&O in Spain
Barona joins Linklaters’ Madrid office after over seven years as a partner at its magic circle rival
01/20/2013
FSA to spend £5m on outside analysts
The Financial Services Authority and its successors are to spend as much as £5m on hiring outside consultancies to carry out economic analysis.
01/20/2013
Barclays Wealth division 'out of control', says secret report
Barclays has moved swiftly to part company with a senior executive after investigators alleged that he shredded a highly critical analysis of the maverick culture and bullying at the bank's one-time flagship Barclays Wealth business.
01/16/2013
Hungary to tax offshore wealth, ask for Swiss help
He said the central European country will ask Switzerland first to disclose all data pertaining to bank accounts of Hungarian citizens in Swiss banks.
01/16/2013
Bracewell & Giuliani boosts London base with Simmons and Herbert Smith hires
The US law firm's City office is currently led by managing partner Adam Mozel, with partners John Brantley, Christopher Williams, Michael Kuhn and chairman Patrick Oxford splitting their time between the City and the firm's Houston and Dubai of
01/15/2013
Libor Fixing Scandal: RBS Faces £500m Fine
RBS is also reportedly set to announce the departure of its head of investment banking
01/15/2013
Ex-LGIM sales trader faces charges in FSA insider dealing probe
Paul Milsom will face charges alongside Graeme Shelley
01/15/2013
Banks and FSA to put deadline on PPI claims
The FSA is said to be sympathetic to the banks' concerns
01/15/2013
Barclays bankers' Libor anonymity 'implausible'
The suggestion that any 'publication’ through these proceedings would jeopardise an individuals
01/15/2013
HMRC doubles team tackling tax avoidance by the wealthy
Exchequer Secretary David Gauke says: ““HMRC set up the new Affluent Team from some of the £917m made available in 2010.
01/14/2013
Axa Wealth reveals RDR advice charges for bancassurance arm
Axa says there is “currently no charge” for ongoing service, though a spokeswoman says this will be kept under review.
01/14/2013
UK court orders extradition of Credit Suisse exec
Officials at Westminster Magistrates Court said the extradition order was approved Monday, and now goes to Home Secretary Theresa May for final approval.
01/13/2013
Deutsche Postbank Sues UBS Over $100 Million Securitization Deal
UBS denies the allegations and will defend itself vigorously, according to a statement from Richard Morton, a spokesman for the bank.
01/13/2013
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.
01/13/2013
Former Lloyds executive cries foul over IT whistle blowing
The bank is having its fair share of IT troubles.
01/13/2013
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.
01/13/2013
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.
01/13/2013
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.
01/13/2013
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.