09/30/2012
Hedge fund founder reveals £34m tax bill
The 51-year-old admitted that he was not "whiter than white" and had paid an overall rate of just 39pc in the last financial year, as he makes the majority of his money from dividends rather than salary, which are taxed at a lower rate.
09/27/2012
The London real estate market was abuzz.
09/26/2012
Mike Dailly from the Financial Services Consumer Panel argued this would also make it easier to deal with poorly behaved bankers.
09/26/2012
"He was taken into police custody and extradition proceedings will commence at Westminster Magistrates Court tomorrow," a police spokesman said.
09/26/2012
The Financial Policy Committee has today published the record of its meeting held on 14th September - alongside this the FSA has published more details of the adjustments made to the liquidity and capital regimes for UK banks and building societies.
09/25/2012
He most recently worked for specialist tax practices linked to the Lloyd’s insurance market.
09/25/2012
“Taxpayers’ money should not be funding tax dodgers,” he told the Liberal Democrat conference. “So I have tasked HMRC and the Cabinet Office to come up with a workable solution to this problem and we will set out more details later
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.