Managers of Wealth Offshore

Why France May Scrap Its Planned Millionaire Tax

Politically, though, resuscitating the tax may be more trouble than it’s worth.

Online investment sellers set to gain

These changes are intended to reduce the risk of commission payments acting as an incentive for mis-selling.

FSA bows out with record fines

FSA expected to disband in April

£5billion tax raid on British fortunes in Swiss banks... but we will never know identities of 'tax avoiders'

The actual number affected by the deal is unknown because Swiss banks are notoriously secretive about clients – but they are likely to include anyone from investment bankers to celebrities and criminals.

How Colombian drug traffickers used HSBC to launder money

It was one of the most important leads for U.S. investigators pursuing a case against the bank that eventually led to a $1.9 billion settlement on December 11.

FSA fails to crack down on bankers' pay

FSA staff have been holding back from launching enforcement cases and are instead opting for regular informal conversations with banks and brokers.

FATCA: A new era of financial transparency

The IRS's powerful new tool chips away at bank secrecy.

Fiscal cliff deal would hit the rich - but it could have been worse

The rich would see a much bigger tax bill under the fiscal cliff deal, but even they will get some nice breaks.

Expats in Spain warned to declare offshore assets

The new rules come into force just a month after a tax amnesty ended. As reported, under that scheme, Spanish taxpayers with undeclared taxable assets were given the opportunity to declare them in return for having to pay no more than a flat 10% levy.

Swiss hint of U-turn reopens rift over bank secrecy

Switzerland's aim of preserving banking secrecy has been cast in doubt after the finance minister suggested all options are open, reopening the debate over a pillar of the country's economy.

Porsche wins dismissal of $1bn hedge fund lawsuit

Porsche has won the dismissal of a lawsuit by 26 hedge funds that accused the German car maker of causing more than $1bn of losses by cornering the market in Volkswagen shares.

Greek prosecutors comb through Swiss bank account list

Given to Greece for a second time by French authorities on December 21, the list contains hundreds of names of Greek account holders at global bank HSBC in Switzerland, which authorities want to investigate over suspected tax evasion.

The Depository Trust & Clearing Corporation

The budget minister is at risk of losing his portfolio in an imminent shake-up, newspapers Le Parisien and Le Journal du Dimanche both reported on Sunday, citing unidentified government sources.

RBS Wins Interest-Rate Swap Misselling Case - FT

The High Court on Friday dismissed the claim by Lancashire hotelier Paul Rowley

UBS Willow Management Sued by Investor Over CDS Strategy

A credit-default swap is a contract that requires one party to pay another for the face value of a bond if the issuer defaults.

US indicts Swiss bankers in offshore tax case

Three men who worked for unnamed bank accused of conspiring with US clients to hide more than $420m, says attorney's office

BNP Paribas launches FATCA service for asset managers

Under FATCA, non-US financial institutions will be required to report information about financial accounts held by US taxpayers, or held by foreign entities in which US taxpayers hold a substantial ownership interest.

Ex-Credit Suisse Trader Sues Bank Saying Job Made Him Depressed

Bankers suing their former employers have had a run of legal defeats in London since more than 100 Dresdner Kleinwort workers successfully sued Commerzbank AG for their bonuses in May.

UBS brokers to U.S. clients: Libor isn't our fault

"Many of you have asked me what I will say to clients, prospects, recruits, family and friends who ask about the Libor settlement and its impact on me and WMA," wrote Bob Mulholland, head of wealth management and investment solutions at UBS Weal

Morgan Stanley Wealth Management Launches LGBT Initiative

A new client educational resource - LGBT On Your Terms - is available to help same-sex couples understand the factors that are likely to affect their family's finances and long-term plans.