05/28/2012
In the US, a gradual shift away from a commission model for advice started about two decades ago, triggered in part by brokers – employing financial advisers – keen to gain steady fee revenues rather than commissions on individual transactions
05/28/2012
Because JP Morgan's businesses are branches, UK authorities have only limited powers to act, with almost all authority resting with US watchdogs located more than 3,000 miles and several time zones away.
05/28/2012
Ireland’s oldest stockbrokers ordered to cease trading
The Central Bank alerted the firm last Thursday evening and has since ordered it to stop all regulated activities.
05/25/2012
Nearly four years after the banking system teetered on the verge of collapse, how much risk is being accumulated on the books of the surviving giant institutions? And what happens if we tiptoe back to the brink once more?
05/25/2012
The study, which was carried out among 1,530 executives from 16 different industries and 64 countries, identified organisational and cultural resistance as the most common barriers to internal audit's ability to step up and meet stakeholders' in
05/24/2012
Finma was established in 2009 shortly after UBS was bailed out by the federal government. Its activities cover the entire financial industry.
05/24/2012
Global law firm appoints M&A partner in London
He joins Jones Day from the London office of Dewey & LeBoeuf.
05/23/2012
Treasury Financial Secretary Mark Hoban told MPs the old system, put in place as one of Gordon Brown's first acts as chancellor, had failed.
05/23/2012
The UK’s financial services industry will have an advantage over the rest of the EU following the implementation of the retail distribution review (RDR), says Credit Suisse’s Matthew Spencer.
05/23/2012
Spain's National Court said Tuesday it has shelved an investigation into potential tax evasion against Banco Santander SA (STD) Chairman Emilio Botin and his family without pressing any charges.
05/23/2012
Linklaters has been named European tax firm of the year by International Tax Review, at its seventh annual European Tax Awards ceremony, held on 16 May, at The Dorchester Hotel in London.
05/23/2012
Linklaters has overhauled its international board, with partners electing seven new members to represent both regions and practice groups on the firm's main oversight body.
05/23/2012
Clifford Chance and Allen & Overy have advised on Man Group’s takeover of $8bn (£5bn) hedge fund Financial Risk Management (FRM) Holdings.
05/22/2012
UBS rogue traders Sachin Karpe and Laila Karan have been fined £1.3m and banned from working in the City for carrying out billions of pounds of unauthorised trades.
05/22/2012
Sheridan, chief executive of 7IM, said that under the FSA’s paper on centralised investment propositions (CIPs) if an adviser puts a client in a DFM-provided model portfolio they need either discretionary authority or the client needs to sign an agr
05/21/2012
All three partners were in the Dewey team acting for creditors of bankrupt financial derivatives broker MF Global, with this ongoing instruction cited as a cue for their decision to join Proskauer together.
05/21/2012
He has taken office promising, in remarks to the Financial Times, to "rebalance the relationship between prosecution and civil settlement" and focus on "strategically significant cases". This would suggest a departure in approach from
05/21/2012
Fraudster and Lib Dem donor Brown controlled broker linked to former Rangers owner Craig Whyte during his 2005/06 crime spree
05/21/2012
Barclays is known to have discussed the plan with UKFI, which manages the Government’s stakes in the two banks, and it is also known that the Treasury is aware of its involvement.
05/18/2012
Wednesday's High Court judgment is also a relief to financial firm professionals who feared the impact of a Shah victory on their processes for suspicious activity reporting.