Managers of Wealth Offshore

Acrimony dents chances of Swiss-German tax deal

The chances of any swift Swiss-German deal to counter tax evasion looked slim on Sunday after politicians traded criticism over efforts to limit the traditional secrecy of Swiss banks.

Tax-soaked French bankers feeling London's lure

French financial groups big and small, from advisory firms and private equity houses to big banks like Societe Generale, are looking at London as a possible shelter from a new 75 percent tax rate on top French earners, bankers say.

Sir Nigel Rudd accuses MPs of slur on Bob Diamond

Sir Nigel Rudd, a former director of Barclays, has accused the Treasury Select Committee of attacking the integrity of Bob Diamond, the bank's former chief executive.

Platforms reject claims over two year RDR ‘grace period’

The Tax Incentivised Savings Association (Tisa) last week said some of its members had raised concerns about how long it will take them to update their systems so they can facilitate RDR-style rebates from funds. After the RDR, these rebates will consist

Assange urges end to U.S. 'war on whistle-blowers'

Julian Assange speaks to the public from a window of the Ecuadorian embassy in London today, where he urged that the U.S. "renounce its witch-hunt against WikiLeaks," the whistle-blowing organization he founded.

UBS chief Weber wades into row over Germans' Swiss hideaways

The German government's deal with Switzerland to open up its famously secret bank accounts to the taxman is the result of public outrage after the 2008 financial crash and months of negotiation that followed.

Credit Suisse Sued by Magazine Mogul Over Swaps Deal

He wants the deal declared invalid, or damages equal to the cost of unwinding it -- about 18.7 million pounds.

Top Swiss banks sacrifice staff to placate U.S.

“The banks are burning their own people to try and cut deals with the DoJ,” said Hornung. “This violation of personal privacy is unprecedented in the Swiss banking industry.”

HSBC dealings in Middle East in spotlight

But the 335-page investigative report into money laundering violations contained a trove of information about HSBC’s dealings in the Middle East, including Iran and Syria.

Singapore court awards Marcos millions to PNB

Marcos ruled the Philippines from 1965 to 1986, when he was overthrown by a popular revolt. He died in exile in Hawaii in 1989.

Australian private banker steals from famous author

She worked for the private banking division, which offers personalised service to high net wealth customers.

Portugal relaxes tax rules for expats ‎

Foreigners in the debt-burdened European country will now find it easier to apply for a tax break.

UBS Sues Billionaire Olenicoff for Filing Failed Tax Suit

Olenicoff, who built his fortune as the chief executive officer of Newport Beach, California-based Olen Properties Corp., pleaded guilty in 2007 to filing a false tax return.

Linklaters and Cleary lead on Bank of America wealth management sell-off

The New York firm fielded a cross-border team led by corporate partners Paul Shim and Simon Jay, based in the New York and the London offices respectively.

UBS's tax bogeyman rears ugly head again

As of January next year, Germans with Swiss bank accounts will have to pay a charge of between 21 and 41 percent of their total holdings to maintain their cloak of anonymity, as well as an ongoing yearly withholding tax.

More than 400 financial industry workers punished

The total figure is double that of the same period last year, which was 222, and is already nearly 74 percent of the total count for 2011.

Apologetic Swiss banks sweat it out as US, Europe mull redress

Washington, however, must factor forthcoming elections into its thinking, and Germany is delaying ratification of a tax deal key to Switzerland's efforts to strike similar agreements elsewhere in Europe.

Inquiry launched into RSM Tenon‎

PricewaterhouseCoopers is being investigated over its audits of crisis-hit corporate finance firm RSM Tenon.

Asia steps up fight against money laundering

US regulators are getting tough over money laundering activities and central banks in Asia are also monitoring developments closely.

UBS: Is 'Fiscal Cliff' Another 'Y2K'?

However, UBS economist Drew Matus wonders if we're blowing fears out of proportion.