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

FinTech start-up SWISS4.0 SA in liquidation

FINMA has engaged Valfor Avocats Sàrl as the bankruptcy liquidator.

FCA bans former Credit Suisse executives following US criminal convictions

The former Credit Suisse managing directors have been banned for lacking integrity, following US convictions for arranging corrupt loans to the Republic of Mozambique.

FCA charges two individuals with multiple fraud charges

They are also charged with using false documents in the process of committing the alleged fraud.

Advisers Nelson and Stephens charged over alleged £2mn fraud

They have also been charged with using false documents in the process of committing the alleged fraud.

Off-channel communications: a top regulatory risk for UK firms in 2025?

Off-channel communications are communications (including calls and written messages) made through channels not approved by the employer and to which neither employers nor regulators have access.

The EBA consults to amend data collection for the 2026 benchmarking exercise

The EBA benchmarking exercise is the basis for both the supervisory assessment and the horizontal analysis of the outcome of internal models.

Vontobel announces changes in governance

All changes are effective on March 1, 2025, and have been approved by FINMA.

Helping markets thrive and managing systemic risk: the FCA’s approach to non-bank leverage

Speech by Sarah Pritchard, executive director of consumers, competition and international, at the Investment Association Roundtable.

Civil servants face disciplinary action in crackdown on Whitehall credit cards

It comes after thousands of pounds were said to have been spent on luxury crystal glasses, cases of sparkling wine and thousands of pounds at private members’ clubs, Mail Online reports.

European flight safety will continue to be monitored in Cologne

This is a result of the new lease agreement which it has concluded with Commerz Real.

Travers Smith advises Canaccord on its acquisition of Brooks Macdonald Asset Management (International)

With this acquisition, Canaccord was able to add to its existing capabilities in Guernsey, the Isle of Man, and Jersey

German central bank suffers first loss since 1979

The peak of the annual burdens has probably been passed," Bundesbank President Joachim Nagel said at a presentation in Frankfurt.

Court sets date for £64 million WealthTek fraud and money laundering trial

Mr Dance was charged in December 2024 with alleged misappropriation of £64 million of customer funds between 2014 and 2023.

Travers Smith advises Brooks Macdonald Group plc on the sale of international subsidiary

The deal completed last week following necessary regulatory approvals.

Payment fraud on the rise: Regulator pushing various initiatives to support clients and industry

With the rise of social media and advanced scamming techniques, banks are increasingly confronted with a type of fraud called Authorized Push Payments (APP).

FCA finds vast majority of ongoing suitability reviews delivered

The review focused on delivery of suitability reviews as firms generally included these as part of their ongoing advice service.

Blacktower Gibraltar settles long running disagreement with Gibraltar regulator

The GFSC imposed a reduced fine of £294,350 with ‘full cooperation’ from Blacktower

Innovation in UK Financial Markets - shortening the settlement cycle – speech by Sasha Mills

Given at the UK T+1 Accelerated Settlement Market event, hosted by KPMG

Number of counterfeit euro banknotes continues to be low in 2024

The likelihood of receiving a counterfeit is low, as the number of counterfeits is very small in proportion to genuine euro banknotes in circulation.

CMA reaches settlement with banks in competition case

Banks agree to pay fines for past exchanges of sensitive information about UK government bonds.

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