02/02/2012
Spooked by the crack down on tax evasion and endemic under-declaration of income, some Italians are squirrelling away cash in the tax haven of San Marino, one of the world's smallest countries.
02/02/2012
Up to 100 of Coutts’ front office staff face the prospect of redundancy, following the bank’s decision to separate its wealth management and private banking functions in the run-up to the retail distribution review.
02/01/2012
The company said commission income, which fell to £17.5 million from £24.9 million a year earlier, had continued to fall into January but other income has held up.
02/01/2012
The report, published by Standard Chartered, SEI Global Wealth Services and Scorpio Partnership, studied 3,300 high-net-worth individuals with an average of $2m worth of assets.
01/30/2012
That was higher than expectations of £152.4 million, according to analysts polled by the group, which operates the London Stock Exchange and Italy's Borsa Italiana.
01/30/2012
Hester is set to be awarded 3.6 million shares, worth about 963,000 pounds, for last year.
01/30/2012
Just 7% of those questioned supported £1 million salaries for chief executives of firms in the Ftse 100, while only 1% said senior bosses were worth the £4 million currently earned by those at the top end of business.
01/30/2012
French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.
01/30/2012
French banks intend to cut bonus payments for 2011 by between 40 percent and 50 percent, Le Journal du Dimanche reported, without saying where it obtained the information.
01/27/2012
RBS, 83 percent owned by the British government following a state bailout during the 2008 credit crisis, allocated CEO Stephen Hester a 2011 annual performance award of 3.6 million shares.
01/27/2012
Liechtenstein started to unwind secrecy after data stolen from LGT Group, the bank owned by the royal family, was used by Germany to prosecute tax evaders in 2008.