02/08/2016
French tax fraud trial of disgraced former minister Cahuzac opens
Jérôme Cahuzac, chosen by François Hollande to clamp down on tax avoidance, admitted he hid €600,000 in Swiss bank account
Legal, Regulation & Compliance
02/08/2016
global multinational law firm becomes first global law firm with truly pan-Nordic presence
This will enable the firm to offer clients an unparalleled capability in the Nordics and access to legal services which can meet their needs domestically, regionally and globally.
02/08/2016
Ex-Bank of England aide held over wife’s murder
He was found in the London area on Friday afternoon suffering from serious self- inflicted injuries and is being treated in hospital.
02/08/2016
ECB reveals Europe's central banks hold $774b in assets
While some national authorities had still to publish individual accounts, the ECB said the outstanding amount stood at €490 billion $774 billion at the end of 2015.
02/08/2016
Germany closes local arm of Canada's Maple Bank
The German authorities have alleged that these trading activities violated German tax laws.
02/08/2016
Russia's central bank withdraws licence from Intercommerz bank
Intercommerz, Russia's No. 67 bank by assets and No. 34 by retail deposits, failed to assess risks adequately and was involved in "dubious transit operations
02/08/2016
Watchdog policing could prompt GC exodus, warns lawyer
Mr Webber has argued that including lawyers in the new regime may threaten the flow of legal talent to the financial services sector.
02/08/2016
Harper Macleod add two new partners at Edinburgh office
Chairman of Harper Macleod, said: “We signalled our intent to grow extensively in Edinburgh last year and have been true to our word by almost doubling our number of partners in the city.
02/05/2016
Ex-Julius Baer bankers to plead guilty in U.S. in Swiss tax case
Their prospective pleas came after Julius Baer in December disclosed that it had reached a deal with prosecutors to pay $547.25 million to resolve a probe born out of a U.S. crackdown on offshore tax evasion by Americans through Swiss banks.
02/05/2016
Bank of England maintains stance on EU bonuses cap
Bank says the cap, which limits bankers’ bonuses to 100 per cent of their salaries, has had the unintended consequence of increasing fixed pay and limits the ability to claw back bonuses in the event of wrongdoing
02/04/2016
Nabarro advises Cicerone Fund on acquisition of Waterstones' landmark Piccadilly bookstore
This marks the debut for the ambitious international expansion of the Cicerone Fund, an Italian property fund dedicated to Cassa Forense
02/04/2016
Malaysia malaise – will domestic challenges in Malaysia affect investment in UK real estate?
UK real estate has seen significant inward foreign investment since the financial crisis, with Malaysian investors at the forefront of the most recent wave.
02/04/2016
Greenberg Traurig Confirms Tie-Up Talks With British Firm
Rosenbaum declined to comment further on the potential U.K. tie-up.
02/04/2016
FCA weighs opening IFAs to P2P FOS claims
In a consultation paper published today, the FCA proposed changing the current rules which mean investors cannot lodge a complaint about poor advice on P2P agreements.
02/04/2016
Deutsche Bank must face US lawsuit over US$3.1 billion mortgage loss: judge
Deutsche Bank AG must face a U.S. lawsuit seeking to hold it liable for causing US$3.1 billion of investor losses by failing to properly monitor 10 trusts backed by toxic residential mortgages
02/04/2016
Barclays Agrees to Offload Derivatives Contracts to JPMorgan
Rates swaps are usually classified as less risky and capital consumptive than equity or credit derivatives.
02/04/2016
Clarifying intentions: overall responsibility for the legal function under the Senior Managers Regime
On 27 January 2016, the FCA issued a statement to clarify an issue that there is uncertainty in the market as to whether an individual in charge of a firm’s legal function requires approval under the new Senior Managers Regime (SMR) when it enters i
02/04/2016
Santander re-enters investment advice market
Santander plans to have a force of 225 advisers across the country by the end of March.
02/04/2016
French Couple Files Lawsuit Against Former IMF Head on Suspicion of Fraud
French couple sued former IMF head on financial fraud and misuse of corporate assets.
02/04/2016
Spotlight now on Swiss bank caught in 1MDB saga
BSI is a relative latecomer in Singapore's private banking scene, having started business here only in 2010.