06/25/2012
Former ABN banker sues for 'gay Irish gypsy' slur
The married father of two, of Irish descent, claimed colleagues refused to speak to him because he was not Dutch.
Legal, Regulation & Compliance
06/24/2012
Standard Life to unveil RDR propositions in October
The provider said the changes to charging on its FundZone proposition and self-invested personal pension (SIPP) - which have been emailed to advisers Friday - would create both a smooth transition to RDR readiness and enhance its overall proposition.
06/24/2012
FSA demands UCIS activity update
The FSA said it has identified a significant increase in Ucis transactions in the last four years, and has asked around 250 firms’ for details on the systems and controls they have had in place since 1 January 2008.
06/24/2012
Watchdog alarm as property investors breach the £1bn barrier with pricey bridging loans
In the past year, the number of people taking bridging loans has nearly doubled, with estimates suggesting gross lending breached the £1bn barrier in March this year.
06/24/2012
Rate swap scandal: FSA review to reveal evidence of serious misselling
Banks are braced for a formal regulatory investigation into how thousands of small and medium-sized businesses came to be sold billions of pounds worth of complex interest rate derivatives.
06/24/2012
Towry’s Fisher named in film scheme investigation
Analysis by The Times indicates there are around 2,000 members of film and music schemes under inquiry by HMRC.
06/21/2012
Ireland fines UBS for lack of controls
The €65,000 penalty handed out to the Swiss bank’s unit is part of Ireland’s broader effort to strengthen oversight of the banking sector after the financial collapse that forced the country to seek a €67.5bn bailout from the EU and
06/21/2012
Linklaters UK real estate chief quits
Linklaters’ UK head of real estate Anne Byrne has resigned from the firm, just a month after the departure of three partners in May.
06/21/2012
Towry in talks with lawyers and FSA over independence
Towry has sought legal advice and is consulting with the FSA over whether it will remain independent or move to a restricted proposition after the RDR.
06/21/2012
German banker admits bribery in F1 case
A former German bank boss admitted on Wednesday receiving tens of millions of euros in bribes from Formula One mogul Bernie Ecclestone, breaking months of silence in the case.
06/20/2012
FSA: financial services should not bear MAS costs
'The sequence of events, the increase of the levy from £20 million to £45 million, originated form the Thoresen Review, that we needed generic financial advice, and then a set of decisions from government that showed it did not want to pa
06/20/2012
UBS, Kuwaiti royal square off behind closed doors
UBS has confirmed that Sheikh Meshal was invited to apply for a non-executive post at the bank. However, the bank has also claimed that it already had a strong relationship with Zain, having advised on many of its previous deals.
06/20/2012
Commerzbank looks to overturn ruling
The bankers sued in the UK over their claims to a €400m pool announced in 2008 to help retain staff.
06/20/2012
FSA refuses to reveal the identity of Mr X
Mr X, as the person has been referred to by tribunal, denied he owned an account with the UK-based UBS Wealth Management, called Customer A account, used by some UBS officials to make large-scale unauthorised transactions.
06/20/2012
FSA reveals its latest executive pay and bonuses
The FSA has published its annual report for 2011/12, which sets out how the regulator has performed against its business plan for the year. It also sets out salary and benefits paid to FSA senior management.
06/20/2012
Morgan Stanley looks to settle with nuns
Lawyers told a High Court judge in London that the bank had agreed a "provisional" settlement with investors.
06/20/2012
Maples to create 75 new Dublin jobs
This is as a result of growing demand for both its international legal services and the fiduciary and fund administration services provided by its affiliate, MaplesFS, it said.
06/19/2012
Royal Bank of Scotland Group - Approval of Cross-Border Merger
It is expected that the Demerger will be implemented shortly prior to the Merger and come into effect at 00:00 hrs on 9 July 2012.
06/19/2012
Liechtenstein Landesbank to Turn Over Client Names
Liechtenstein, a country known for its banking secrecy laws, recently agreed to allow its second largest bank, Liechtensteinische Landesbank AG, to turn over U.S. client data to the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ).
06/19/2012
Vince Cable: RBS report recommends prosecution
The Sunday Telegraph understands that a detailed legal report prepared for Mr Cable found that there is “prosecutable evidence” which can be used to bring about the disqualifications.