04/14/2013
Investec warns investors of boiler room scam
Public were being cold called with the bogus offers
Legal, Regulation & Compliance
04/14/2013
Lawrence Graham loses real estate lit chief to A&O
Prompted by a desire for a fresh challenge
04/14/2013
Reed Smith adds to City structured finance team with CC partner
High volume of partner moves between firms’ structured finance practices
04/14/2013
FSCS levies will 'fall within in two years'
Costs of failed life-settlement investment firm
04/11/2013
Scandal-hit KPMG could face probe over HBOS audit
KPMG - already facing scandal in the US - is under renewed pressure with the audit regulator considering an investigation into how it examined the accounts of failed bank HBOS.
04/11/2013
Senior RBS Executive in Japan Expected to Resign in Libor Scandal
The Securities and Exchange Surveillance Commission of Japan asked local regulators last week to issue a so-called administrative action against R.B.S., which is based in Edinburgh, after some of its traders attempted to alter a key benchmark rate for fin
04/11/2013
Billionaire Sues FTI Over Soros Smear Campaign Claim
FTI said the claims were without merit.
04/11/2013
A&O makes up 19 to partner around the world including six in London
This year's round comes after the firm made up 23 new partners in 2012, including nine female promotions. Just two of this year's new partners are women.
04/11/2013
Austria finance minister turns heat on UK 'tax evasion'
Maria Fekter said the EU cannot force Austria to reform its banking secrecy laws without also forcing the UK to crack down on tax havens in its jurisdiction
04/11/2013
Swedish regulator urges more transparency on risk weights
At issue now for many global regulators and investors is that letting banks use their own risk models to calculate the buffers they need could undermine the confidence-boosting effect of higher capital ratios.
04/10/2013
Barclays analyst caught in email gaffe: We’re going to steal website’s ideas
Barclays has been accused of “inappropriate” behaviour
04/10/2013
Online petition in Europe challenges tax havens
Years of spending cuts and tax rises in countries struggling to tame national debts have stoked public indignation about tax avoidance by the rich.
04/09/2013
Mishcons takes two-partner private equity team from Dundas
They moved together to Dundas from legacy Hammonds in 2005.
04/09/2013
UK signs tax deal with France, Germany, Italy and Spain
George Osborne has a signed an information exchange agreement with the finance ministers of France, Germany, Italy and Spain in the latest effort to crack down on tax evasion.
04/09/2013
'Tax cheats’ warned as HMRC launches new disclosure facilities
The agreements were based, in part, on the principles of the Foreign Account Tax Compliant Act.
04/09/2013
Study finds 40% of Harlequin investors want money back
Contractual completion dates for properties investors purchased through the £200m Harlequin Property scheme between 2008-10 were not met by two thirds of those surveyed
04/09/2013
BNP Paribas Securities Services is first European custodian to offer a class action service
As of today, 95% of the class actions worldwide are still triggered in the US and Canada, yet this market practice is progressively expanding in a number of European markets, as well as in Asia.
04/08/2013
Credit Suisse, Julius Baer May Close Undeclared German Accounts
Switzerland, the world’s largest center for offshore wealth, is trying to shed its image as a haven for undeclared funds amid scrutiny from U.S. and European governments.
04/08/2013
Austria feels heat of EU's anti-bank-secrecy drive
The European Commission said Frieden's comments, made to a German newspaper, were a step in the right direction and that the ball was now in Austria's court.
04/08/2013
Lehman opposes settlement with German unit
Lehman Brothers has asked a US bankruptcy court judge to reject a "grossly inflated" proposed settlement