06/21/2012

Ireland fines UBS for lack of controls

The €65,000 penalty handed out to the Swiss bank’s unit is part of Ireland’s broader effort to strengthen oversight of the banking sector after the financial collapse that forced the country to seek a €67.5bn bailout from the EU and

06/21/2012

Linklaters UK real estate chief quits

Linklaters’ UK head of real estate Anne Byrne has resigned from the firm, just a month after the departure of three partners in May.

06/21/2012

German banker admits bribery in F1 case

A former German bank boss admitted on Wednesday receiving tens of millions of euros in bribes from Formula One mogul Bernie Ecclestone, breaking months of silence in the case.

06/20/2012

FSA: financial services should not bear MAS costs

'The sequence of events, the increase of the levy from £20 million to £45 million, originated form the Thoresen Review, that we needed generic financial advice, and then a set of decisions from government that showed it did not want to pa

06/20/2012

UBS, Kuwaiti royal square off behind closed doors

UBS has confirmed that Sheikh Meshal was invited to apply for a non-executive post at the bank. However, the bank has also claimed that it already had a strong relationship with Zain, having advised on many of its previous deals.

06/20/2012

FSA refuses to reveal the identity of Mr X

Mr X, as the person has been referred to by tribunal, denied he owned an account with the UK-based UBS Wealth Management, called Customer A account, used by some UBS officials to make large-scale unauthorised transactions.

06/20/2012

FSA reveals its latest executive pay and bonuses

The FSA has published its annual report for 2011/12, which sets out how the regulator has performed against its business plan for the year. It also sets out salary and benefits paid to FSA senior management.

06/20/2012

Maples to create 75 new Dublin jobs

This is as a result of growing demand for both its international legal services and the fiduciary and fund administration services provided by its affiliate, MaplesFS, it said.

06/19/2012

Liechtenstein Landesbank to Turn Over Client Names

Liechtenstein, a country known for its banking secrecy laws, recently agreed to allow its second largest bank, Liechtensteinische Landesbank AG, to turn over U.S. client data to the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ).

06/19/2012

Vince Cable: RBS report recommends prosecution

The Sunday Telegraph understands that a detailed legal report prepared for Mr Cable found that there is “prosecutable evidence” which can be used to bring about the disqualifications.