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

Knock knock. Who’s there? A UK tax cheat

It’s a scandal that broke with a classic newspaper scoop.

RBS Chief Executive response to chairman of the Treasury Select Committee

We remain deeply sorry for the disruption our customers encountered, and I would like to acknowledge their understanding and patience.

UBS note deepens UK political row over rate-fixing

A political row in Britain over the fixing of interbank lending rates deepened on Saturday after the publication of confidential advice from UBS to the former Labour government on how to reduce the key Libor rate at the height of the financial crisis in 2

FSA bans former Pacific Continental broker

Its collapse in 2009 contributed to a £58m interim levy on investment advisers.

Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil

Media’s ‘bad apple’ theory no longer works

CPA says Companies Amendment Bill increases Ireland’s attractiveness to US Foreign Direct Investment

The Bill has extended the exemption period given to US companies establishing operations in Ireland under which they can prepare their financial statements using US GAAP accounting standards.

Crackdown launched on tax dodgers

Over £30m will be recovered from tax dodgers as HM Revenue & Customs (HMRC) launches new taskforces around the country.

Alternative Investment Fund Managers Directive: EU and Offshore Perspectives

On its face, the AIFMD restricts its scope to the regulation of investment managers rather than underlying funds being managed.

FSA tells IFAs: don't leave clients in dark with DFM deals

The Financial Services Authority has told advisers they must make it clear to clients who manages their investments when outsourcing to a discretionary fund manager.

Goldman Sachs Faces $387 Million Lawsuit, Telegraph Says

Pensioenfonds Vervoer, which has assets of 7 billion euros, is suing the bank over the way the unit managed the pension funds.

Regulator must deliver better outcomes for people says Panel

The regulator cannot make people or organisations behave better. But it can create an environment that rewards good behaviour.

Britons with holiday homes in France hit with massive tax hikes as president Hollande tries to plug £8bn hole in budget

The increased levy on income from rented property and capital gains tax on sale profits could cost second-home owners thousands of pounds more a year.

Rogue trader Nick Leeson urges jail for Libor fixing

Barclays was fined £290m by UK and US regulator for attempting to manipulate the rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.

Barclays traders face charges in Libor scandal

Out of about 2,000 traders, 14 were responsible for fixing the London interbank offered rate (Libor), said Mr Diamond.

FSA suspends adviser on suspicion firm 'is controlled by others'

Among the activities she no longer has permission for are advising on investments and assisting in the administration and performance of a contract of insurance.

'Stressed' Bank of England official stabbed self to death

A post-mortem revealed Mr Dymond died from self-inflicted stab wounds to his chest and cuts to his arms.

Bakers boosts banking with Freshfields hire

He focuses on sponsor and lender leveraged finance work, restructurings of leveraged credits, and emerging markets financing transactions.

Latham, Davis Polk scoop Manchester United New York listing

Latham & Watkins will be advising Manchester United on its initial public offering in the United States with Davis Polk & Wardwell acting for US underwriters.

UK considers criminal sanctions for bank management misconduct

In its proposals for new sanctions for directors of failed banks, the government also proposed banning directors of failed banks from serving as senior executives at other banks in future unless they can prove they are fit for office.

Nicolas Sarkozy and Carla Bruni's house raided by police

Magistrates are investigating claims that house staff of Liliane Bettencourt, heiress to the L'Oréal cosmetics empire and France's richest woman, handed over brown envelopes stuffed with cash to Mr Sarkozy and his aides to finance his suc

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