08/21/2012
RBS under investigation by US authorities
The bank also said that it had initiated discussions with UK and US authorities to discuss its historical compliance with the relevant regulations and laws, “including US economic sanctions”
Legal, Regulation & Compliance
08/21/2012
Irwin Mitchell wins first Macquarie job with property refinancing gig
Macquarie stepped in to finance the portfolio after another lender pulled out. The 21 residential properties are owned by members of the Newbold family and subsidiaries of theirs.
08/21/2012
Ledingham Chalmers boosts private client with bolt-on
The bolt-on followed a year in which Ledingham Chalmers’ private client practice grew by 10 per cent. The firm hired Adam Cochran partner Douglas Watson as a partner in April 2011 to boost this practice area.
08/20/2012
Ex-Dresdner Kleinwort Banker Gets 40 Months in Jail
They were each ordered to pay £767,000 representing the benefit obtained by each of them from insider dealing.
08/20/2012
Monti Negates Rumours Of Italian Income Tax Cut
From the moment that his government had been appointed with parliamentary support, Monti added, it had pursued structural reforms in the economy and the public sector with that singular aim.
08/20/2012
FSCS places Cru IFAs in default
Hertfordshire-based Conforto Financial Management was also on the list of 21 investment firms recently placed in default by the scheme. It was wound up in November 2010 following the £1.5 million purchase of Optimal Wealth Management.
08/19/2012
No sign German bank data came from UBS - chairman Weber
NRW prosecutors said last week they were pursuing tax evaders who secretly stashed cash in Switzerland, after obtaining new bank data from a presumed whistleblower.
08/19/2012
Suicide of Deloitte partner Daniel Pirron linked to Standard Chartered's Iran scandal
Daniel Pirron, a partner in Delloite’s key General Counsel’s office in New York, was found dead in a car park near his home in Trumbull, Connecticut.
08/19/2012
Bob Diamond hits back in Barclays rate-rigging row
The Treasury select committee also used a report to challenge some of Mr Diamond's claims about the bank's relationship with regulators and to question the leadership shown at Barclays.
08/19/2012
Acrimony dents chances of Swiss-German tax deal
The chances of any swift Swiss-German deal to counter tax evasion looked slim on Sunday after politicians traded criticism over efforts to limit the traditional secrecy of Swiss banks.
08/19/2012
Tax-soaked French bankers feeling London's lure
French financial groups big and small, from advisory firms and private equity houses to big banks like Societe Generale, are looking at London as a possible shelter from a new 75 percent tax rate on top French earners, bankers say.
08/19/2012
Sir Nigel Rudd accuses MPs of slur on Bob Diamond
Sir Nigel Rudd, a former director of Barclays, has accused the Treasury Select Committee of attacking the integrity of Bob Diamond, the bank's former chief executive.
08/19/2012
Swap mis-selling victims to wait nine months for review
“It is imperative that any businesses in this position are allowed to put their swap deal into a suspense account while the review is undertaken,” said Mr Bebb.
08/19/2012
Platforms reject claims over two year RDR ‘grace period’
The Tax Incentivised Savings Association (Tisa) last week said some of its members had raised concerns about how long it will take them to update their systems so they can facilitate RDR-style rebates from funds. After the RDR, these rebates will consist
08/16/2012
Standard Life pledges RDR products in October
The month will also see Standard Life taking on its first FTSE company as part of the first phase of pensions auto-enrolment.
08/16/2012
UBS chief Weber wades into row over Germans' Swiss hideaways
The German government's deal with Switzerland to open up its famously secret bank accounts to the taxman is the result of public outrage after the 2008 financial crash and months of negotiation that followed.
08/16/2012
Credit Suisse Sued by Magazine Mogul Over Swaps Deal
He wants the deal declared invalid, or damages equal to the cost of unwinding it -- about 18.7 million pounds.
08/16/2012
Wikileaks says British raid threat 'hostile, extreme'
Assange, an Australian national, has been in the embassy since June in a bid to avoid extradition to Sweden, where he faces questioning over sex assault claims.
08/16/2012
Questions asked as HMRC removes all Cyprus QROPS
The removal of the Cyprus-based schemes is significant because Cyprus is an EU member and it had been widely believed that schemes within the EU were out-of-reach of HMRC.
08/16/2012
Fed and FSA pushing new regulator to play by rules
The Bank of England, which will soon take over many regulatory responsibilities from the FSA, and the chancellor have also made their concerns clear.