02/27/2012
How to have a 'nice' divorce
Debrett’s Guide to Civilised Separation is not all social niceties, however.
Legal, Regulation & Compliance
02/27/2012
Bank tax dodges halted by retrospective law
A bank in the UK has been forced to pay more than half a billion pounds in tax which it had dodged by using "highly abusive" tax avoidance schemes.
02/26/2012
HMRC launches tax evasion task force
In what has been described as a "gloves off" approach, HMRC will be launching the new task forces in the 2012/13 tax year, which begins April 6.
02/26/2012
Metals trader fraudster given extra seven years
The banks – including West LB, JP Morgan Chase and Dresdner Bank – lost more than £400m after they were duped into backing a series of bogus metal shipment trades by Rastogi's firm RBG Resources and related companies.
02/24/2012
Weil Gotshal lands first BC Partners fundraising since hiring CC team
BCEC IX is reported to be the biggest European buy-out fund to have a final close since the height of the financial crisis.
02/24/2012
Mishcon harnesses private client nous with advisory launch
It will also offer concierge services - an extension of the 24–hour, 365 days a year global concierge service the firm launched in conjunction with leading luxury lifestyle group, Quintessentially, in 2010.
02/23/2012
Citi, UBS provide keys to widening interest rate-rigging probe
Citigroup and UBS, in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest r
02/23/2012
Greece signs international tax agreement to tackle tax evasion
The Convention promotes international co-operation in the assessment and collection of taxes.
02/23/2012
U2 bassist suing Bank of Ireland Private Banking
U2′s bass player Adam Clayton is suing Bank of Ireland Private Banking and chartered accounting firm Gaby Smyth & Co over claims that his former personal assistant took over €4.8 million from his bank accounts.
02/22/2012
Keydata founder seeks probe ban on FSA staff who saw e-mails
Keydata administered 2.8 billion pounds ($4.42 billion) of assets when the FSA asked a court to place it into administration in 2009.
02/22/2012
Scottish firm Biggart Baillie advises Rangers FC administration
The news comes as the English football club Portsmouth FC have also applied to enter administration for the second time in recent years, amid growing concerns that football's financial bubble is about to burst.
02/22/2012
FSA obtains interim injunction to halt unauthorised deposit-taker
Assets belonging to both Mudge and Lewis have also been frozen.
02/22/2012
FSA bans Ayrshire-based IFA over non-payment of £8K fees
FSA bans Ayrshire-based IFA over non-payment of £8K fees
02/22/2012
Dominique Strauss-Kahn questioned as 'pimp' suspect
The 62-year-old ex-Socialist minister was seen as the frontrunner to replace Nicolas Sarkozy as president of France until his arrest last May on rape charges on a New York maid – later dropped.
02/22/2012
U.K. Lawmaker Targets Bank Executives
The Conservative Member of Parliament for Wycombe is hoping to attract cross-party support for a new bill that will force bank directors, already under pressure over the size of their bonuses, to take personal liability for any losses suffered under their
02/21/2012
Garnier calls for IMA to reverse stance on fees
HSBC Global Asset Management, Legal & General Investments and BlackRock have now joined Fidelity in calling for a new industry standard of fund fee disclosure which takes into account trading costs.
02/21/2012
Iceland FSA head derides investigation into his fitness for job
The regulator’s board will review Andersen’s letter today, said Chairman Adalsteinn Leifsson, in a Feb. 17 interview.
02/20/2012
BBC pays £1.8million legal bill to help keep stars' pay confidential
Critics claim the figure represents poor value for money and it has been suggested the National Audit Office (NAO) may investigate the issue.
02/20/2012
Santander fined £1.5m for structured product failings
Santander acknowledges that it could have changed its product literature and training materials more quickly to reflect the FSCS position accurately.
02/17/2012
Further arrest in FSA and Soca insider dealing case
The searches and the arrest are the latest developments in a complex insider dealing investigation being carried out by the Financial Services Authority and the Serious Organised Crime Agency.