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

Austria finance minister turns heat on UK 'tax evasion'

Maria Fekter said the EU cannot force Austria to reform its banking secrecy laws without also forcing the UK to crack down on tax havens in its jurisdiction

Swedish regulator urges more transparency on risk weights

At issue now for many global regulators and investors is that letting banks use their own risk models to calculate the buffers they need could undermine the confidence-boosting effect of higher capital ratios.

Barclays analyst caught in email gaffe: We’re going to steal website’s ideas

Barclays has been accused of “inappropriate” behaviour

Online petition in Europe challenges tax havens

Years of spending cuts and tax rises in countries struggling to tame national debts have stoked public indignation about tax avoidance by the rich.

Mishcons takes two-partner private equity team from Dundas

They moved together to Dundas from legacy Hammonds in 2005.

UK signs tax deal with France, Germany, Italy and Spain

George Osborne has a signed an information exchange agreement with the finance ministers of France, Germany, Italy and Spain in the latest effort to crack down on tax evasion.

'Tax cheats’ warned as HMRC launches new disclosure facilities

The agreements were based, in part, on the principles of the Foreign Account Tax Compliant Act.

Study finds 40% of Harlequin investors want money back

Contractual completion dates for properties investors purchased through the £200m Harlequin Property scheme between 2008-10 were not met by two thirds of those surveyed

BNP Paribas Securities Services is first European custodian to offer a class action service

As of today, 95% of the class actions worldwide are still triggered in the US and Canada, yet this market practice is progressively expanding in a number of European markets, as well as in Asia.

Credit Suisse, Julius Baer May Close Undeclared German Accounts

Switzerland, the world’s largest center for offshore wealth, is trying to shed its image as a haven for undeclared funds amid scrutiny from U.S. and European governments.

Austria feels heat of EU's anti-bank-secrecy drive

The European Commission said Frieden's comments, made to a German newspaper, were a step in the right direction and that the ball was now in Austria's court.

Lehman opposes settlement with German unit

Lehman Brothers has asked a US bankruptcy court judge to reject a "grossly inflated" proposed settlement

EU finance tax will devastate the City and damage economies, reports warn

The full impact of the tax on financial transactions imposed by the European Union can be revealed today as two major studies uncover the costs to economic growth and business expansion.

Hogan Lovells raises concerns for financial regulation after decision to abolish FSA

The Financial Services Authority was replaced by two new regulators: the Prudential Regulation Authority and the Financial Conduct Authority.

Luxembourg 'open' to bank transparency, Luc Frieden

Luxembourg is known for its highly secretive banking sector

Disgraced French budget minister lied to Swiss bank

A few months later Cahuzac changed the account into his name during a visit to Geneva

Debevoise Names Two New International Counsel

Debevoise & Plimpton LLP is pleased to announce that Matthew Howard Getz and Jessica Gladstone have been named International Counsel to the firm

Gibson Dunn recruits new London competition head in double OFT hire

will join the US firm's London office on 15 April as head of the competition practice.

HMRC wins £60m Morgan Stanley tax avoidance battle

“This scheme was flagrant tax avoidance that provided finance to a FTSE 100 company that appeared cheap because the UK taxpayer was expected to pick up a £60m bill.”

Bundesbank Probing Claims of Deutsche Bank Losses During Financial Crisis

Bundesbank is investigating claims that Deutsche Bank misvalued credit derivatives to hide losses

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