American Citizens Abroad, a Geneva-based organisation which represents expatriate Americans around the world, is continuing to push publicly for a relaxation of the US tax authorities recent, rigid and punitive treatment of US expats who have failed to report the existence of their overseas bank accounts.
RBC Wealth Management has recruited Daniel Vaysleyb as head of its Jersey-based offshore advisory business, following the departure of Barry Hardisty.
Hong Kongs regulator has warned banks and other authorised institutions that it is increasing its scrutiny of renminbi trading, as part of an effort to ensure that such trading conforms with regulations aimed at preventing speculation in the Chinese currency.
Lion Global Investors has launched a unit trust in response to investor concerns about falling interest rates and high market volatility.
An immunity from prosecution offered by the UK government and which underlines the Swiss-UK tax deal is not worth the paper it is written on, according to a leading tax investigation specialist and commercial law firm.
Friends Life reported an 11% rise in international sales volumes for the first nine months of the year, driven primarily by its Asian business.
The UKs City watchdog, the Financial Services Authority, has fined a private Dubai-based investor $9.6m, the largest fine ever imposed on an individual.
The European Securities and Markets Authority has elected Martin Wheatley, a senior figure at the UKs Financial Services Authority, to its management board.
The Geneva operation of Lloyds TSB Private Banking is set to consolidate its support functions and a part of its international executive team in Eysins, in the district of Nyon, Canton Vaud, outside Geneva.
Global Index International is expanding into Africa, and has agreed an exclusive deal with Global Benefits Europe to distribute its products in Nigeria and Angola.
Swiss bank Credit Suisse has confirmed it has informed some of its American clients with offshore private banking accounts that their names will be handed to the US tax authorities.
Coutts & Co has been fined by the Financial Services Authority over products it sold linked to AIG.
