Managers of Wealth Offshore

U.S. Bars Ex-Credit Suisse Banker From Leaving

“Permitting the defendant to travel to his country of origin or residence would be an invitation to flee”

Barclays calls for body to regulate – and ban – rogue bankers

Top bankers can currently be fined or banned by the Financial Services Authority (FSA), but the proposals would extend to a much wider proportion of the industry.

Hollande unveils two-year plan, billions in new taxes

French President François Hollande pledged on Sunday to honour his campaign promise of a 75 percent income tax on wealthy individuals as he unveiled a two-year economic recovery plan featuring strict budget targets and 20 billion euros in new taxes

Greece Steps Up Tax Evasion Crackdown With Asset Freezes

“Tolerance of tax evaders, no matter how high up they are, is over”

Swiss probe leak of Julius Baer data to German officials

Late last month, Zurich-based Julius Baer said client data had been leaked. According to Swiss media, the data was then passed on to officials in North Rhine-Westphalia, a German state which has tapped leaked Swiss data before as part of efforts to hunt t

General Solicitations Permitted in Private Placement Offerings - SEC Proposes New Rules

The Proposed Rules, which are not yet final, would have the effect of increasing the flexibility for issuers, including hedge and other alternative investment funds, to solicit purchasers through general solicitation, but would also impose a more signific

Regulator warns Barclays: we're still watching you

The banking industry has come under fresh scrutiny after the Financial Services Authority ordered Barclays to overhaul its culture and its boardroom following the appointment of its new chief executive, Antony Jenkins.

Macquarie Private Wealth checked by ASIC

ASIC may investigate Macquarie Private Wealth for "for ongoing compliance failures; for providing clients with inappropriate advice", and other breaches, the Sydney Morning Herald reports.

EC could fine companies if they miss female board quota

The EU is attempting to tackle a gender imbalance across the 27 member countries after its research found that women comprised just 13.7pc of board positions in listed companies.

Accountants draft standards to audit Libor submissions

Such audits were proposed four years ago by the United States and could become a requirement under regulations being considered in Britain after a scandal over the manipulation of the London Interbank Offered Rate caused havoc this year.

Ledingham Chalmers breaks £10m amid signs of recovery

The Aberdeen-based practice, which has a subsidiary called Golden Square Wealth Management, said a rise in private client work had also helped fee income in the year to 31 March grow 4.7 per cent to £10.4m.

Libor probe claims Barclays executive and a trader

At least four former Barclays traders who worked under Pal in New York have drawn scrutiny from U.S. prosecutors and regulators in the investigation into the manipulation of the London interbank offered rate and related benchmark interest rates, according

Swiss Attorney General Probes UBS Over Malaysian Timber Proceeds

The case against UBS was opened on August 29, following a criminal complaint by the Bruno Manser Fund over the bank’s close ties with Sabah Chief Minister Musa Aman.

Axel Weber has urged financial regulators to improve their dialogue with the banks

Following the financial crisis, UBS does not dispute the need for tougher bank regulation on issues such as risk, liquidity and emergency measures, Weber said, but he warned of possible knock-on effects of putting rules into place without consulting banks

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