03/13/2012

UBS, Deutsche Bank Fight U.K. Over Taxes on 2003 Bonus Plans

UBS AG (UBSN) and Deutsche Bank AG (DBK) said they don’t owe taxes over a 2003 compensation plan U.K. authorities argue was designed to avoid millions of pounds in taxes and national insurance contributions on employee bonuses.

03/13/2012

Liontrust acquires Walker Crips Asset Managers

The acquisition of WCAM broadens the fund management capability at Liontrust, increases Liontrust's assets under management to more than £2 billion and gives the company one of the strongest ranges of UK equity funds and teams.

03/12/2012

Private banks get tough on mortgages

Many banks are demanding that clients transfer assets of significant value to qualify for a lower mortgage rate, while others include a clause that says the interest rate will rise after six or 12 months if the promised cash or investments are not deposit

03/09/2012

ABN Amro hit by 880m euros Greek losses ‎

The losses incurred by its exposure to Greece were in the form of corporate loans guaranteed by the Greek government and not direct loans to the government in Athens itself.