06/19/2018
US bank Citigroup renames Frankfurt office as post-Brexit plans take hold
Citigroup bankers were officially notified of the lender's plans to bulk up its Frankfurt office - which currently houses 350 staff - last summer.
Legal, Regulation & Compliance
06/18/2018
Breaking up is hard to do: retired Irish High Court judge Henry Abbott on millionaire divorce cases
Retired judge Henry Abbott spent 15 years ruling on high-net-worth divorce cases. He tells Mark Tighe about millionaires concealing assets, warring spouses, and litigants refusing to leave the courtroom
06/18/2018
European Banks Eyeing Mergers Face Gridlock on Friendlier Rules
But their shared urgency has been stymied by politicians from Germany and smaller states who want to make sure closer ties don’t expose them to excessive risks from other countries.
06/18/2018
Wealth adviser faces £30k fine after faking his qualifications
The regulator served him with a £29,300 fine after ruling his conduct had ‘pose[d] a risk to consumers and to the integrity of the financial system’.
06/18/2018
Shell facing €7bn bill for ‘anti-competitive’ tax avoidance deal
The deal dates back to 2005, when Shell, previously an Anglo-Dutch concern, merged its two branches to establish a single headquarters in The Hague.
06/18/2018
£30k fine and ban for financial adviser who faked qualifications
The watchdog said he fabricated the documents to mislead the regulator into believing he was fully qualified to provide investment advice.
06/18/2018
Old Mutual Wealth spots loophole for pensions withdrawals
HM Revenue & Customs (HMRC) has reported that £305m had to be repaid to retirees
06/17/2018
How do financial compliance challenges impact the CFO’s agenda?
In a global environment, Chief Financial Officers are mainly concerned about maximising revenues and reducing costs. But compliance is an ever-present element that will influence your choice of growth strategy – and the outcome.
06/17/2018
Half a trillion gone: the Business runs from Russian banks
The state continues to pour money into “Gazprombank” and “Rosselkhozbank”, but the capital adequacy ratios of credit institutions fall.
06/17/2018
Why the ultra-wealthy are the only winners of 'perverse' inheritance tax gifting rules
Everyone has an annual gift allowance of £3,000, which can be given away free of IHT regardless of when they die.
06/17/2018
Virgin Money set to accept Clydesdale’s £1.6bn takeover
The final deal is expected to be on similar terms to the sweetened bid CYBG made a fortnight ago
06/15/2018
Boris Becker claims bankruptcy immunity with Africa envoy role
The former tennis ace is using his role as a sports ambassador in the Central African Republic to claim diplomatic immunity.
06/15/2018
ESMA releases first report on penalties imposed under EMIR
ESMA has stated the report will help to gradually identifying best practices and potential areas that could benefit from a higher level of harmonisation.
06/15/2018
FCA: List of cooperation agreements under MiFID II
The list can be used by firms to assess their compliance with the MiFID Org Regulation.
06/15/2018
New Legislation impacts Offshore Property Companies
By this year, these punishing levies have reached 15% per annum, costing owners tens of thousands of Euros annually.
06/15/2018
Treasury Committee speech: Priorities, digitalisation, FinTech
They want their money to be safe. They want savings, investments and other financial products that meet their needs. And they don’t want their taxes used to prop up failing institutions.
06/15/2018
Stone King opens a Birmingham office
The new office is a key step in the firm’s strategy to provide its national education expertise on a local basis, alongside its offices in Bath, Cambridge, Leeds and London.
06/15/2018
Wealth management boss charged with fraud
An FCA and City of London police statement says the parties are working closely on the investigation, and customers should contact police if they have any concerns on the status of their investments.
06/15/2018
Kinstellar picks up two CEE Legal Matters Deal of the Year awards
CEE Legal Matters is a print and online publication for and about lawyers interested in and/or working in Europe's emerging markets.
06/15/2018
Don’t forget Malta's UBO deadline
Maltese-registered companies are running out of time to submit the necessary information about their ultimate beneficial owners without incurring a penalty.