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

Coutts Wins Bid to Throw Out Employment Claim by Whistle Blower

Judge Hilary Norris threw out the claim at a London employment tribunal today because Martin Woods never worked for the bank and a valid employment contract hadn’t been agreed on.

FSA To Sweep Away New Bank Barriers

City regulator will hold a summit to help sweep away obstacles to development of swathe of new high street banks.

Liberal Democrats push for new wealth tax in the Budget

Senior Liberal Democrats are drawing up plans for a new wealth tax in this year’s Budget, claiming that the public have a “clear appetite” for such a levy.

FSA 'dragging feet' says swaps victim

A widow who claims she was mis-sold a complex interest rate derivative by HSBC has complained that banks are not doing enough to help victims of mis-selling.

Ten per cent discount in London’s billionaire row

They are among the world’s wealthiest people but they still know that every penny counts. So while the rest of us struggle to pay our bills, some billionaires are claiming ten per cent off their council tax.

Value of fraud falls but tax evasion rises

The value of reported fraud in the UK fell by a third last year but the proportion due to tax fraud is increasing, according to an accountancy firm.

Regulators relax Basel liquidity rules for banks

International banks have given greater flexibility and a longer deadline to meet Basel III liquidity rules.

Thomson Reuters Launches FATCA Compliance Solution

Combined Market Leading Content and Technology Reduces Regulatory Burden for Firms

FSA fines The Co-operative Bank plc for failing to handle PPI complaints fairly

The Financial Services Authority has fined The Co-operative Bank plc £113,300 for failing to handle payment protection insurance complaints fairly.

HMRC publishes Flickr gallery of 2012's 'top tax criminals'

Tax office posts pictures of 32 cheats, from cigarette smugglers to advisers working for rich clients

Expelled Sesame IFA loses legal battle for FSA authorisation

'Our conclusion is that the FSA had sound reasons for rejecting the applications for authorisation and approval.'

Luxembourg Improves Tax Transparency

The Luxembourg government has published a retrospective overview of the key decisions to improve tax transparency and cooperation in tax matters taken by the governing council in 2012.