03/31/2013
Bank of England to become one of world's most powerful central banks
Breakup of Financial Services Authorities puts Bank in charge of regulation and crisis avoidance in biggest shakeup since 1997
Legal, Regulation & Compliance
03/31/2013
Hargreaves rocked by the Revenue decision to tax commission discounts
The tax would apply only to investments not held in Isa or pension accounts and would involve average payments of just £10, suggesting it posed more of an administrative headache than a financial loss.
03/31/2013
Deloitte Boss Blames Law For Tax Avoidance
As an example of a practice no longer deemed acceptable, he cited the way banks used trust arrangements to pay bonuses to employees that meant they avoided national insurance and allowed them to defer the tax on those bonuses.
03/28/2013
France's Hollande Hits Companies With 75% Wealth Tax
"I am sticking by my pledge," Hollande said
03/28/2013
Royal Bank of Scotland sued for misleading investors in 2008 crisis
Former chief Fred Goodwin could give evidence as pension funds and ING take bank to court over huge losses
03/28/2013
ABN Said to Fire Bankers After Oil Trading Firm Prompts Probe
The Amsterdam court ruled ABN Amro was entitled to suspend the bankers before completing its investigations.
03/27/2013
FSA review leaves banks £50bn down and £25bn short
A review by the Financial Services Authority that has re-evaluated the value of bank assets
03/27/2013
AWD Chase de Vere to be lead case in FSCS Keydata legal battle
There are around 500 adviser firms being pursued by the FSCS, relating to about 1,500 Keydata investors.
03/26/2013
Taylor Wessing rejigs German management
He was previously international head of Taylor Wessing’s China Group, and will also continue to lead the practice internationally.
03/26/2013
Slaughters, Herbert Smith and Ashurst advise on Schroders' £424m Cazenove takeover
The deal comes after Berwin Leighton Paisner earlier this year took a role for Schroders on the Alternative Investment Market listing of its West End property trust.
03/26/2013
Bundesbank blasts plan to hand Bank of England regulatory powers
Plans hand the Bank of England sweeping new powers to regulate the financial system have been criticised by the former head of the Bundesbank, who warned they risked the independence of the central bank.
03/26/2013
Man Group picks new GC as hedge fund's legal chief leaves
Singh has been a member of the alternative investment manager’s in-house team since joining from Clifford Chance
03/26/2013
Addleshaw Goddard boosts UK with eight promotions
Addleshaw Goddard will promote eight of the firm's lawyers to Partner with effect from 1 May 2013
03/26/2013
FSA fines Prudential £30m and censures CEO over failed AIA bid
Prudential failed to deal with the FSA in an open and cooperative manner when it was seeking to acquire AIA in early 2010, because it did not inform the FSA of the proposed acquisition until after it had been leaked to the media on 27 February 2010.
03/26/2013
FSA fines IFA firm £56,000
The Manchester-based firm advised 98 clients to invest a total of £3.1m in Keydata’s life settlement products between September 2005 and April 2009.
03/25/2013
SNR Denton makes all-female partner round with four EMEA promotions
This year's promotions come after the firm's EMEA arm made up three lawyers last year, with all of which were based in the UK, including two in London and one in Milton Keynes.
03/25/2013
Bradford & Bingley owner repays £4bn to taxpayers
Bradford & Bingley was nationalised after collapsing under a mountain of debt
03/25/2013
Withers reports UK turnover and profit rise for 2011/12
Turnover for Withers’ worldwide operations rose by 12 per cent last year
03/25/2013
FCA to probe fund management costs
Regulator to probe “complex” and “harmful” fund charges in the next financial year.
03/25/2013
Skandia considers charging shift after HMRC rebates ruling
HMRC confirmed in a briefing note this morning that rebates paid from 6 April 2013 will be taxed