Managers of Wealth Offshore

Sheik Spars With UBS Over $20 Million Fee

The trial is scheduled to begin in June.

UBS asks Singapore court to seal cases of two fired traders

The request for seals underscores the highly sensitive information within the cases, which stem from a global crackdown on banks involved with submitting false reference rates for various markets to benefit trading books.

FSA and Bank of England relax barriers to entry for new bank entrants

This Review sets out significant changes to regulatory requirements and authorisation processes which, taken together, will reduce some of the regulatory barriers to entry into the banking sector and, as a result, enable an increased competitive challenge

Iceland Indicts 15 Over Financial Crisis

These are quite big cases by any measurement, they're my biggest cases so far

Speechlys and Withers in talks over £170m merger

“What it’ll end up with is the world’s biggest private client firm."

Aquino warns wealthy Chinese on tax evasion

Recent government investigation led to "unexpected" findings that just 8pcof member-firms of the Filipino-Chinese Chambers of Commerce paid taxes

Switzerland denies banking deal in principle reached with U.S.

The Swiss government's comments, however, left the door open to an alternative to an industry-wide settlement.

BNP Paribas expands its global set-up for AIFMD

To better service its clients ahead of AIFMD, BNP Paribas continues to ramp up its global offering to better support asset managers and institutional clients throughout this latest implementation phase.

FSA to set out proposals for new banks to challenge high street 'big four'

The creation of new banks to challenge the "big four" of RBS, Lloyds Banking Group, HSBC and Barclays

U.S. Seeks Answers in Liechtenstein on Tax Cheats

“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter

Swiss banks face US Libor lawsuit

The London Interbank Offered Rate (Libor) is used as a reference point for mortgages and other trades worth around $300 trillion

FSA announces stockbroker placed in administration regime

The firm’s placement into the regime marks the fourth time the SAR has been initiated by the FSA.

Osborne seeks to curb drift of UK fund managers to Ireland

“Now we’re at the top. But in this global race, we cannot keep still,”

Private client adviser charged with murder of Mayfair socialite

Troyan died on 8 March at his flat in Mount Street, Mayfair, central London.

Standard Chartered in 'wilful' breach apology

Sir John Peace, the chairman of Standard Chartered, has been forced to issue a humbling apology for claiming that the bank had no “wilful” intention to break US sanction rules.

Rothschild Loses Daily Mail Libel Suit Appeal in London

Rothschild lost his bid to replace the chairman and chief executive officer of Bumi last month.

Dodd-Frank Swap Data Fails to Catch JPMorgan Whale, O’Malia Says

“The problem is so bad that staff have indicated that they currently cannot find the London Whale in the current data files.”

French budget minister in tax fraud probe resigns

His resignation comes at a sensitive time for Hollande's government as it undertakes a process of redrafting deficit reduction plans vital to maintaining fiscal credibility with France's euro zone partners.

UBS poised to quit scandal-hit Euribor panel

The banking sector has been rocked by repeated scandals over the manipulation of Euribor and its London-set equivalent, the Libor.

HSBC Faces New Money Laundering Claims

"There was decisive participation" of HSBC executives in hiding financial information from the authorities.