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.
Legal, Regulation & Compliance
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.
01/07/2013
Stibbe's former secretary-general teams up with fellow heavyweights for boutique launch
He announced his departure from Stibbe in July following the dissolution of the Herbert Smith alliance.
01/07/2013
Coutts Wins Bid to Throw Out Employment Claim by Whistle Blower
Judge Hilary Norris threw out the claim at a London employment tribunal today because Martin Woods never worked for the bank and a valid employment contract hadn’t been agreed on.
01/06/2013
FSA To Sweep Away New Bank Barriers
City regulator will hold a summit to help sweep away obstacles to development of swathe of new high street banks.
01/06/2013
Liberal Democrats push for new wealth tax in the Budget
Senior Liberal Democrats are drawing up plans for a new wealth tax in this year’s Budget, claiming that the public have a “clear appetite” for such a levy.
01/06/2013
FSA 'dragging feet' says swaps victim
A widow who claims she was mis-sold a complex interest rate derivative by HSBC has complained that banks are not doing enough to help victims of mis-selling.
01/06/2013
Ten per cent discount in London’s billionaire row
They are among the world’s wealthiest people but they still know that every penny counts. So while the rest of us struggle to pay our bills, some billionaires are claiming ten per cent off their council tax.
01/06/2013
Value of fraud falls but tax evasion rises
The value of reported fraud in the UK fell by a third last year but the proportion due to tax fraud is increasing, according to an accountancy firm.
01/06/2013
Regulators relax Basel liquidity rules for banks
International banks have given greater flexibility and a longer deadline to meet Basel III liquidity rules.
01/06/2013
Thomson Reuters Launches FATCA Compliance Solution
Combined Market Leading Content and Technology Reduces Regulatory Burden for Firms
01/04/2013
FSA fines The Co-operative Bank plc for failing to handle PPI complaints fairly
The Financial Services Authority has fined The Co-operative Bank plc £113,300 for failing to handle payment protection insurance complaints fairly.
01/04/2013
HMRC publishes Flickr gallery of 2012's 'top tax criminals'
Tax office posts pictures of 32 cheats, from cigarette smugglers to advisers working for rich clients
01/03/2013
Expelled Sesame IFA loses legal battle for FSA authorisation
'Our conclusion is that the FSA had sound reasons for rejecting the applications for authorisation and approval.'
01/03/2013
Luxembourg Improves Tax Transparency
The Luxembourg government has published a retrospective overview of the key decisions to improve tax transparency and cooperation in tax matters taken by the governing council in 2012.