09/25/2012
Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to electronic messages the bank is trying to make secret.
09/25/2012
The US federal court in New York on Monday sentenced him to two years of probation, a fine of $10,000 and ordered him to forfeit $266,000.
09/24/2012
‘Shady’ tax dodging millionaires who stash their wealth offshore will face a government crackdown, Vince Cable will say today.
09/23/2012
Nick Clegg pushes his wealth tax at the Liberal Democrats conference
09/23/2012
“I want to reward people who put in a proper shift, not those who sit on a fortune; people for whom a bonus means a few extra quid at Christmas, not a million-pound windfall,” Clegg said.
09/23/2012
Lord Fink is director of investment firm ISAM, based in the Cayman Islands, a British overseas territory in the Caribbean.
09/23/2012
The Financial Services Authority is proposing tough new powers to tackle banking malpractice in the wake of the Libor-rigging scandal.
09/23/2012
Cirencester legal practice bolsters private client team
Managing partner Michael Grenfell said the move would support the firm’s expansion.
09/20/2012
The Investment Management Association (IMA) has issued industry guidance on enhanced disclosure of fund charges and transaction costs incurred by UK-authorised funds.
09/20/2012
Managers at Swiss bank UBS turned a blind eye when traders exceeded their agreed limits as long as the bank was making money from their deals, a lawyer for accused "rogue trader" Kweku Adoboli told a London court on Thursday.
09/20/2012
Britain's Financial Services Authority is publishing its recommendations for legal changes to Libor on September 28.
09/20/2012
When the £290m fine for Libor-fixing was announced in June this year, Diamond was not found to be involved.
09/19/2012
The Directive’s requirements will be significant and its implications far-reaching for both EU hedge fund managers and (increasingly over time) non-EU hedge fund managers seeking to raise capital in Europe.
09/18/2012
Under the current regime, special tax deals are available for wealthy immigrants to Switzerland
09/18/2012
UBS was aware of a $3.6bn (£2.2bn) black hole in trading accounts produced by the alleged rogue trader Kweku Adoboli six weeks before he was arrested, a court heard.
09/18/2012
THE former chief executive of St George Bank, Paul Fegan, has appeared in Federal Court to answer claims he engaged in misleading and deceptive conduct while head of the bank in 2008, in the lead-up to the bank's merger with Westpac.
09/18/2012
Despite having originally planned major wealth tax reforms, the French government is now resigned to the idea of merely re-establishing the previous wealth tax scale of between 0.55% and 1.8%, and to introducing a fiscal cap of 80% of income to accompany
09/17/2012
The $10.2 million award to Florida brokers Tamara Smolchek and Meri Ramazio was among the largest of the individual deferred compensation cases brought against Merrill.
09/17/2012
A New York man has been charged with theft and attempted extortion from a former UBS M&A banker, who was tied up at gunpoint during a terrifying home invasion in Bedford Hils, New York, in May.
09/16/2012
The state of North-Rhine Westphalia has helped Germany recover more than 3 billion euros ($3.9 billion) from German tax evaders after buying compact discs with details of Swiss bank accounts, according to the region's finance ministry.