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.
09/16/2012
All 27 EU countries must agree on the new system, even though it will only apply to the 17 counties of the eurozone initially.
09/16/2012
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.
09/16/2012
Partners at PricewaterhouseCoopers took home less pay last year, despite the firm posting a 10pc rise in overall profits.
09/16/2012
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
09/16/2012
Former UBS trader Kweku Adoboli went on trial today for allegedly losing $2.3 billion in rogue trades.
09/16/2012
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).
09/16/2012
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.
09/12/2012
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.
09/12/2012
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.