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

Barclays 'contactless' cards exposed to fraud

Barclays bank is facing the prospects of official fines after it emerged that more than 13 million customers have been exposed to potential fraud.

Dorset yacht broker jailed for £210,000 VAT fraud

He used the proceeds of this crime to fund a seemingly comfortable lifestyle.

Fears that top rate tax cut will not keep HSBC in UK

A cut in the 50p rate of income tax for top earners, unveiled in last week’s Budget, has failed to reassure fund managers that blue chips such as HSBC will remain in the UK.

ECB tightens banks’ use of assets as collateral

The ECB provided no figures on the use of such bonds backed by the governments of Greece, Portugal and Ireland, the so-called “programme” countries.

Mark Dampier: It's time the FSA made fund charges clearer

Over time they can make a huge difference to your investment returns, so I make no apologies to devoting this week's column to them, as well as the overall logistics of managing your investments efficiently.

Clifford Chance Set to Lay Off London Associates as Linklaters Confirms Support Cuts

The redundancies are being handled through individual consultations, which are expected to close in around two weeks' time.

Prudential email leak mocks 'horrendous' FSA policies

It also says that Prudential should up its lobbying efforts to change regulations it sees as "ill-judged".

Charities threaten to boycott donors’ summit over tax plans

Leading charities are considering boycotting a high-profile philanthropy conference hosted by Downing Street this spring and a number of wealthy individuals have warned their own giving will fall as anger grows over Budget plans to cap tax relief on donat

Stamp duty hike has private client lawyers in a wine-bar whirl

A number of property lawyers were reported to be thrashing out late-night deals in wine bars following last Wednesday’s Budget.

FSA sends 'nasty letters’ to IFAs over single platform use

Simon Morris (pictured), partner in the Financial Services division of law firm CMS Cameron McKenna, said the FSA had recently been sending out 'nasty letters' to advisers on the use of single platforms.

Bank levy hike offset by corporation tax cut - BBA

Chancellor George Osborne said in his Budget speech on Wednesday that he would increase the rate of the bank levy to 0.105 percent from 0.088 percent from next January, although corporation tax will be cut.

Linklaters and Sidley join cast on Glencore's £3.9bn Viterra take-over

Linklaters’ European team was led by corporate relationship partner Charlie Jacobs and City competition partner Christian Ahlborn.

Morgan Lewis leads as Deutsche Boerse sues EC over NYSE merger

Morgan Lewis is fielding a team led by Frankfurt managing partner Christian Zschocke. It is understood that the EC is handling the matter in-house. NYSE Euronext is not party to the legal action.

FSA wins £32m high court judgment

Regional Land and Countrywide were trading names used by Maynard.

Ashurst hands top management role to Paris banking partner

Collis will transfer to London after seven years in the Paris office, taking over in the senior role on 1 May.

Regulator sets conditions for Chinese bank ICBC's Poland entry

Poland’s Financial Supervision Authority (KNF) has granted ICBC special permission to operate in the country, provided it fulfills certain conditions.

Budget ushers in key changes for private client and property lawyers

Chancellor George Osborne has put measures targeting the wealthy at the core of a budget that is also set to cut tax for business and clamp down on tax avoidance by corporates and individuals.

The worst-kept secret was a tax on the rich

The top rate of tax will now fall to 45 per cent from April 2013, and the expectation must be that a similar level of income will be deferred until 2013/14.

UK Supreme Court Rules in Favour of Unsegregated Clients in Lehman Brothers International (Europe)

Now that the UK’s highest court has given its ruling the FSA might presumably take steps to review the rules that have generated such uncertainty.

AMF fines BNP, Socgen over bond sales

The two banks said on Thursday they had yet to decide whether they would appeal the AMF decision.

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