Managers of Wealth Offshore

Bern To Vote On Expat Tax Deal

Under the current regime, special tax deals are available for wealthy immigrants to Switzerland

UBS was aware of Kweku Adoboli's billion-dollar trading problems six weeks prior to arrest

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.

Bankers accuse former boss of deceptive conduct

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.

France To Undo Sarkozy's Wealth Tax Reform

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

Court says Merrill must pay two former brokers $10 mln

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.

Ex-UBS Banker Alleged Attacker Charged

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.

Tax CDs bring billions for German state

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.

Europe at loggerheads over banking union

All 27 EU countries must agree on the new system, even though it will only apply to the 17 counties of the eurozone initially.

Robert Tchenguiz bail move signals the end of SFO investigation

Property entrepreneur Robert Tchenguiz has been released from bail, leading to a growing belief that the Serious Fraud Office is preparing to drop its long-running investigation of his business activities.

Partner pay falls at PwC as profits rise

Partners at PricewaterhouseCoopers took home less pay last year, despite the firm posting a 10pc rise in overall profits.

Belgium Remains Attractive Tax Location For Entrepreneurs

There have been renewed calls for the Belgian government to honour its pledge and reform the current system of taxation in Belgium, to remove the current disparity between the taxation of labour and the taxation of wealth, and in so doing shake off the co

Here's The Gut-Wrenching Apology Sent Out By Alleged UBS Rogue Trader Adoboli

Former UBS trader Kweku Adoboli went on trial today for allegedly losing $2.3 billion in rogue trades.

UK-US agreement strengthens UK ability to tackle tax evasion

On September 12, the United States and the United Kingdom governments announced the signing of a bilateral agreement to implement the information reporting and withholding tax provisions within the Foreign Account Tax Compliance Act (FATCA).

Leading Swiss Private bank to reveal more data, staff names in US tax probe

For the first time, Credit Suisse employees will be told before their names are disclosed to U.S. officials, a bank spokesman said, after previous transfers of information by banks drew criticism.

RPC and Freshfields advising on latest Barclays litigation

Freshfields is advising Barclays with a team headed up by London disputes partner Simon Orton, alongside Ewan McQuater QC, David Quest and Sandy Phipps from 3 Verulam Buildings.

FSA bans adviser for false references

The Financial Services Authority (FSA) has banned a financial adviser after he gave false references from a previous employer, from which he had been dismissed for dishonesty.

Standard Chartered 'close to US settlement over money laundering claims'

The Treasury Department has approved an initial settlement that will also involve Manhattan's top prosecutor and the Department of Justice, the New York Times said.

RBS, others sue Dubai Group over $10 billion debt

Royal Bank of Scotland and two other banks have begun legal proceedings against an investment vehicle owned by Dubai's ruler, seeking immediate repayment after abandoning talks to restructure $10 billion in debts.

Merrill Lynch must pay $3.6 million to Brazilian banking heiress

Merrill Lynch must pay US$3.6 million ($4.4 million) to an heiress from Brazil who said she lost tens of millions of dollars due to unauthorised trades made by her brother in her account, a securities arbitration panel has ruled.

Swiss fume at U.S. "hypocrisy" over whistleblower's payout

Many Swiss are fuming after a whistleblower, who helped prosecute Swiss bank UBS for helping rich Americans avoid taxes, was paid a record $104 million by U.S. authorities after being jailed for his own part in the affair.