12/16/2012
FSA steps up fight against mis-selling
The sums are not huge compared with other mis-selling scandals
Legal, Regulation & Compliance
12/16/2012
UBS Chairman Urges Timely Implementation of International Rules
Mr. Weber said that the enthusiasm among regulators to create a "level playing field" in global bank regulation has waned recently.
12/16/2012
More than 30 UBS bankers 'to be implicated in rate rigging'
Authorities are this week expected to say that more than 30 bankers and managers at Swiss banking giant UBS were involved in the alleged rigging of the key Libor interest rate.
12/13/2012
Banker gets insider dealing jail sentence - FSA
A banker who encouraged two girlfriends to buy shares based on privileged information, has been sentenced to two years and eight months' jail for insider dealing, Britain's financial regulator said on Thursday.
12/13/2012
Private Client/Family Team of the Year: Harbottle & Lewis
Harbottle & Lewis sealed the prize for Private Client/Family Team of the Year after successfully proving to the judges that it has adapted its practice around this rapidly-evolving area of law.
12/13/2012
Austrian Institute Shows Wealth Taxes "Red Card"
Echoing the Vice Chancellor’s remarks, Leitl said that property, gift and inheritance taxes should all be “shown the red card.”
12/12/2012
Sir Keith Mills settles with Coutts over AIG bond dispute
Coutts said in a statement it was pleased to have come to an agreement with Mills.
12/12/2012
KPMG 2012 Revenues Reach US$23 Billion
The growth in Advisory and Tax underlines the strength of client demand for professional services
12/12/2012
Five staff arrested as German police swoop on Deutsche
German authorities investigate 25 Deutsche Bank staff, including co-chief executive Jürgen Fitschen, on suspicion of tax scam
12/12/2012
UBS Said to Face Fines of More Than $1 Billion in Libor Probes
The final figures are still being negotiated and could change, three people familiar with the probes said.
12/11/2012
Brewin Dolphin Christmas party ended in 'mass brawl', court hears
A mass brawl erupted at the Christmas party of a top City investment firm after a broker discovered his fiancée was cheating on him with a colleague, a court was told.
12/10/2012
FSA fines Cheshire Mortgage Corporation £1.2m
CMCL chief executive, Henry Moser, will step down within six months and was ordered to pay a fine of £70,000
12/10/2012
Standard Chartered hit by $300m in Iran fines
Standard Chartered will pay more than $300m (£187m) to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan.
12/10/2012
Anglo investment arm sued by clients who lost millions
As well as assembling the investors, Anglo provided loans to finance the deals and in some cases even bought properties to sell to its own clients.
12/10/2012
Lawrence Graham departures continue as 16 made redundant
The lawyers are understood to be fee-earners, but not partners.
12/10/2012
HSBC to pay $1.9bn in US money laundering penalties
A US Senate investigation said the UK-based bank had been a conduit for "drug kingpins and rogue nations".
12/10/2012
The City lunch that cost £1.7m in poaching row
It was probably the world’s most expensive lunch. When Fahim Imam-Sadeque, an investment manager, invited out a colleague it ended up costing him £1.7 million.
12/10/2012
U.K. Fraud Prosecutor Arrests Three Men in Libor-Rigging Probe
UBS AG is expected to face a fine as early as this week that may surpass the record 290 million pounds ($466.6 million) Barclays Plc, the U.K.’s second-biggest bank, paid in June to settle claims it attempted to manipulate Libor.
12/10/2012
FSA to step up HSBC Group governance
The FSA says it will take steps through its supervision to ensure HSBC complies with the measures.
12/09/2012
JPMorgan Said to Ask Staff to Help Fund U.K. Tax Settlement
Employees who participated in the trust were asked to help fund a payment of at least a few hundred million pounds if they want to settle with Her Majesty’s Revenue and Customs