11/26/2015
Dubai hedge fund 'to close' amid suspicions of Danish tax fraud
A three-month hunt was launched this summer and already around $250 million of assets has been seized in raids in the UK, the Wall Street Journal said.
Legal, Regulation & Compliance
11/26/2015
Largest law firm in the world continues international expansion with Luxembourg tie-up
It has announced that it will further its leading presence in the world's top financial centers with a combination between Dentons Europe LLP and Luxembourg's OPF Partners.
11/26/2015
Dechert expands M&A Team
He focuses his practice on corporate finance matters, with an emphasis on public and private M&A, takeover bids and international capital markets, most notably equity capital markets
11/26/2015
Redundancy whispers in UBS’s London M&A team as recruiters warn lack of mid-ranking jobs
Is UBS about to quietly part company with some of its mid and senior-ranking M&A bankers?
11/26/2015
Dealmakers Advise on £45M Atom Bank Investment
The deal brings total funds raised by Atom to £135m in the 18 months since the founding team came together.
11/25/2015
European PE Managers’ Bid to Raise Disclosure Standards
Trade body Invest Europe has brought out fresh guidelines for its members to improve transparency in the private equity sector.
11/25/2015
Greek shipowners talk up their role to protect tax breaks
The magnates who run one of the biggest merchant marine fleets in the world have long argued that if Greece tried to tax them
11/25/2015
EBRD to become 30 per cent shareholder in Raiffeisen Bank Aval
Bank to sign new capital in leading Ukrainian universal bank
11/24/2015
Challenger banks angry with CMA proposals
It comes after the CMA published provisional findings of its probe into the banking industry in October.
11/24/2015
Russia central bank withdraws licences from four banks
The four were Moscow-based Baltica Bank, Svyaznoy Bank and Nota-Bank, and Samara-based Ipozembank.
11/24/2015
HMRC to launch consultation on extending PSC register
Update - HMRC has announced that it will launch a consultation on extending the PSC register to include information on controlling persons in non-UK companies investing in high value UK property. The level of detail to be held is unclear at present.
11/24/2015
LPAs, authorising use of discretionary investment management -Withers
The most significant change to the guidance is the addition (on page 28) of suggested wording for inclusion in a financial LPA where the donor wishes to authorise attorneys to delegate investment management decisions to a discretionary investment manager
11/24/2015
LPAs, high net worth individuals by Withers
In the recent case of XZ [2015] EWCOP 35 Senior Judge Lush of the Court of Protection criticised the Public Guardian for refusing to register an LPA for property and financial affairs of an international high net worth individual.
11/24/2015
The New 4th AML Directive by Eduard Koster, King & Wood Mallesons
As within other areas of the regulation, the European Union wants to further strengthen the fight against money laundering and terrorist financing (AML/TF), to ensure the soundness, integrity and stability of credit and financial institutions, and to ensu
11/24/2015
Brussels defies Germany to unveil plan for bank guarantee fund
Despite the proposed protections, Berlin rejected the plan even before it was announced, telling reporters that the commission’s blueprint would simply redistribute the risk around the eurozone rather than reducing it.
11/23/2015
Return Of The Euro? They’re Banking On It
In the latest part of his EU series, JOHN BOYD examines the workings of the European Central Bank — and how joining the euro could be back on the agenda for Britain in spite of the current crisis
11/23/2015
A £459 million trading takeover that lit up the City just got killed and shares are crashing
The FCA's issues with the deal, detailed in a letter on Friday, are believed to center around Plus500's regulatory issues earlier this year.
11/22/2015
Greece on track to get €2b aid payment from euro area
The meeting reached an agreement in principle on moving forward with releasing funds for bank recapitalisation
11/22/2015
European Central Bank governors split over further rate cut
The expected divergence pushed the dollar back up towards a 7-month high against a basket of top currencies in early European trading.
11/20/2015
Swiss banks to pay $81 mln, avoid U.S. charges on aiding tax evasion
These banks will collectively pay penalties totaling more than $81 million and continue to cooperate with the department.