11/14/2012
Trustees find £44m of missing GP Noble funds
Lawyers and trustees say net recoveries of the missing pension monies is “exceptional in cases such as this”.
Legal, Regulation & Compliance
11/14/2012
Whistleblower to testify to commission regulators on alleged gas-price fixing
Former gas trader Seth Freedman to go to Brussels as European Union warns of possible energy competition inquiry
11/14/2012
CPP hit by record FSA fine
The fine is for all types of sale made by CPP while the focus of the redress exercise is CPP's direct sales.
11/14/2012
Offshore tax probe comes to Spain
Thatcher, who has a multi-million euro villa in the exclusive Madronal development, near Benahavis, has also been fingered.
11/14/2012
Swiss Bankers Defend German Tax Deal
Swiss banks have vehemently refuted claims by Germany’s main opposition parties that alleged German tax evaders are transferring their assets en masse to other so-called “tax havens”
11/13/2012
Gerard Depardieu flees France to seek Belgium asylum from wealth tax
Gerard Depardieu has become the latest rich Frenchman to flee his country and the stinging wealth taxes levied by Francois Hollande, the Socialist President of France.
11/13/2012
Judge orders Barclays to reveal names of 208 staff linked to Libor probe
Lawyers for Barclays will on Wednesday disclose the names of 208 staff caught up in the scandal
11/13/2012
HMRC faces paying back £5bn to £7bn in tax
The judgment, handed down on Tuesday, threatens to open the floodgates for businesses
11/12/2012
Advisers face 500 complaints over Ucis and film investments
The Financial Times reported that nearly 500 investors were considering making a complaint against their adviser for allegedly mis-selling investments in film production companies and Ucis over the past decade.
11/12/2012
German prosecutors search UBS clients in tax probe
A number of state prosecutors and about 50 tax investigators were undertaking the searches of domestic German clients of UBS
11/12/2012
FSA publicly censures London credit union
“Credit unions are vital institutions for the communities they serve, and the members of The Pentecostal Credit Union deserved better.”
11/12/2012
Bakers begins hunt for UK head as Senior prepares to step down
Senior figures in the City office have started taking soundings from partners about a replacement for Senior, who was first elected to the position in 2003.
11/12/2012
International law firm hires hedge fund expert
He was previously with Allen & Overy
11/12/2012
HMRC launches website in tax evasion amnesty
Campaign is part of HMRC’s “broader work” to tackle evasion and fraud that is being funded with £917m from government.
11/12/2012
Taxman’s avoidance and evasion crackdown hits record yield
THE TOTAL YIELD from investigations into tax avoidance and evasion hit £21bn in 2011/12, a jump of approximately a third.
11/12/2012
Savoy Investment Management slapped on the wrist by FSA for wealth management failings
As a result of these failings, a review of a sample of files found that 23% showed a high risk of unsuitability.
11/12/2012
Panel welcomes Bill concession on access to financial services
The Financial Services Consumer Panel has today welcomed changes to the Financial Services Bill that will enable the regulator to take account of access to financial services for consumers.
11/11/2012
Barclays probed by US over Saudi banking licence
Barclays is under investigation by US authorities into whether it made improper payments to secure a banking licence in Saudi Arabia, according to reports.
11/11/2012
RBS, UBS Traders Said to Face Arrest in Libor Probe
Police, directed by Serious Fraud Office prosecutors, will act in the next month, said the person, who declined to be identified because the matter isn’t public.
11/11/2012
London Stock Exchange gets French OK for LCH.Clearnet takeover
The London Stock Exchange (LSE.L) has won the backing of French regulators for its planned takeover of LCH.Clearnet, taking the LSE a step forward towards completing a deal which it has said will be transformative for its business.