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

US-Swiss tax treaty passes large parliamentary hurdle

The treaty would allow the US to make a request for judicial assistance without supply the names and addresses of the US residents suspected of offshore tax evasion if there is clear evidence that a bank or its employees are suspected of encouraging such

Credit Suisse trader loses employment tribunal

A Credit Suisse trader who claimed his boss told him to pull himself together when he complained of feeling suicidal has lost his tribunal claim.

Co-op's Lloyds deal at risk after FSA orders reforms

This could mean having to provide up to £3bn of capital at group level as well as revamping the board to ensure there are people with FSA approved banking expertise.

Swiss lawmakers set for tax plan vote

Switzerland's lower house will vote on a proposal clarifying how Switzerland would hand over data on wealthy Americans suspected of dodging taxes at home.

Watson Farley bulks up City real estate team

Her client portfolio includes Doughty Hanson & Co and Piper Jaffray and she specialises in advising real estate investment funds and property companies on acquisitions, disposals and lettings.

Linklaters corporate partner takes role at Milbank‎

He has spent his entire career at Linklaters having joined as a trainee in 1983, was formerly co-head of the firm's retail industry group and has close ties to a number of large corporate clients.

Lehman, MF Global Clients Face Losses After U.K. Court Ruling

Lehman Brothers International Europe held $2.16 billion in segregated accounts in 2008 when its parent company collapsed in the largest bankruptcy in U.S. history.

Monti Turns Screws On Italy's Tax Evaders

To look for further revenues, Monti has now also established a new tax evasion task force, including senior officials from the Ministry of the Economy and Finance, the Revenue Agency, the financial police and the Customs Agency.

Three arrested in FSA insider dealing investigation

Three individuals, two men aged 43 and 42 and a woman aged 35 have been arrested and are currently in custody to be questioned in connection with an investigation in to insider dealing.

Swiss lawmakers back U.S. tax plan; further vote Monday

The proposal, which clarifies how Switzerland would hand over data on Americans suspected of dodging taxes at home, seeks to backstop an expected deal over U.S. probes into 11 banks including Credit Suisse and Julius Baer, likely to comprise a data handov

Osborne plans new tax avoidance law

A new law against corporate tax avoidance will be announced in George Osborne's budget next month, the Guardian reports.

Leading private client lawyer joins Newcastle law firm

She joins from Speechly Bircham

Tax avoidance clampdown: Barclays statement in full

Barclays said it was the bank at the centre of a clampdown by Britain on two tax avoidance schemes that the government said would close loopholes and raise more than £500m in tax. Here is the bank's statement:

Offshore tax move for British engineering champion, Sir James Dyson

Financial Mail has established that in 2009 the vacuum cleaner entrepreneur sold his business to Clear Cover Limited, a company that he owns, which is incorporated in Malta.

How to have a 'nice' divorce

Debrett’s Guide to Civilised Separation is not all social niceties, however.

Bank tax dodges halted by retrospective law

A bank in the UK has been forced to pay more than half a billion pounds in tax which it had dodged by using "highly abusive" tax avoidance schemes.

HMRC launches tax evasion task force

In what has been described as a "gloves off" approach, HMRC will be launching the new task forces in the 2012/13 tax year, which begins April 6.

Metals trader fraudster given extra seven years

The banks – including West LB, JP Morgan Chase and Dresdner Bank – lost more than £400m after they were duped into backing a series of bogus metal shipment trades by Rastogi's firm RBG Resources and related companies.

Weil Gotshal lands first BC Partners fundraising since hiring CC team

BCEC IX is reported to be the biggest European buy-out fund to have a final close since the height of the financial crisis.

Mishcon harnesses private client nous with advisory launch

It will also offer concierge services - an extension of the 24–hour, 365 days a year global concierge service the firm launched in conjunction with leading luxury lifestyle group, Quintessentially, in 2010.

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