01/13/2013
Deutsche Postbank Sues UBS Over $100 Million Securitization Deal
UBS denies the allegations and will defend itself vigorously, according to a statement from Richard Morton, a spokesman for the bank.
Legal, Regulation & Compliance
01/13/2013
FSA fines wealth advisory firm for misleading promotions
The watchdog also said the Ilford-based firm failed to handle complaints properly, and noted a significant number of these were linked to its Eurolife Secured Bond ISA.
01/13/2013
Former Lloyds executive cries foul over IT whistle blowing
The bank is having its fair share of IT troubles.
01/13/2013
UK finance job sackings and suspensions at five-year high
The finding comes after a succession of financial scandals and efforts by regulators to clamp down on misdemeanors.
01/13/2013
HMRC: taxman increasingly 'snooping' on taxpayers
The taxman is increasingly snooping on the private lives of taxpayers, with officials accessing thousands of pieces of personal information over the past year, it emerged today.
01/13/2013
Barclays panel delayed as bank moves away from biennial reviews
Barclays has delayed its panel review planned for this summer by 12 months as the banking giant embarks on a plan to scrap its practice of reassessing law firm rosters on a two-yearly basis.
01/13/2013
Bonelli and White & Case scoop lead roles on €2.5bn Generali deal
The joint venture was set up in 2007 to create a major Eastern European insurance company.
01/13/2013
Austria To Agree Swiss-Style Tax Deal With Liechtenstein
The bilateral tax accord between Austria and Liechtenstein
01/12/2013
Former JP Morgan banker to appeal £450,000 by FSA
Ian Hannam, the former JP Morgan banker, is to appeal his £450,000 fine
01/10/2013
Swiss Banks Welcome Rejection of Germany Tax Accord, Study Shows
Banks will be able “to avoid the costs of implementation and the resulting immediate outflow of client assets.”
01/10/2013
Spain to Apply 21% Value-Added Tax on Fund-Management Fees
The resolution by the Direccion General de Tributos, the tax agency under the Budget Ministry, was dated Jan. 2. That will be its effective date, Bravo said.
01/09/2013
FATCA’s A Business Opportunity, Say Wealth Managers
FATCA and other tax information swapping laws between countries to crackdown on people not declaring their true financial status could lead to a boost in trade for wealth managers.
01/09/2013
French budget minister Jérôme Cahuzac faces tax fraud allegations
Inquiry will seek to establish whether the minister in charge of French tax policy had a secret bank account in Switzerland.
01/09/2013
Old Mutual to acquire 22seven?
Many South African banks initially blocked the service from gaining access to client accounts due to alleged security risks.
01/09/2013
Heads may roll at RBS over Libor
Emails from traders cited as evidence for the Libor rigging are particularly lurid, according to sources.
01/09/2013
Pilots plan to sue ABN Amro for allowing them to borrow money
We estimate there are 1,200 to 1,300 unemployed pilots.
01/08/2013
HMRC makes 640 requests from foreign gov’ts for tax info on individuals
“HMRC has begun investigations into thousands of individuals with overseas assets in the last few years, and will probably have picked off most of the low hanging fruit.”
01/08/2013
Schroders ditches PwC as auditor
PwC and its predecessor firms had been auditor to Schroders since at least 1959, when it floated on the London Stock Exchange.
01/08/2013
French budget minister Jérôme Cahuzac faces tax fraud allegations
The French budget minister is to be investigated over allegations of tax fraud
01/07/2013
Rising star of family law made partner at Manches
In May 2012, she was nominated and shortlisted as Family Lawyer of the Year for the Spear’s Young Turk Awards which recognises outstanding individuals from new or less traditional private client firms.