Company News



UBS France could face criminal investigation: source

Published on: Tuesday, May 28, 2013 by Paul Stanbridge

UBS’ French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank’s business practices, a person familiar with the matter said on Friday. . .

http://www.reuters.com/article/2013/05/24/us-ubs-france-probe-idUSBRE94N0QH20130524



U.K. Banks Cut 189,000 Heads – More Jobs May Go

Published on: Tuesday, May 28, 2013 by Paul Stanbridge

It’s tough out there.

Britain’s four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More cuts may follow. . .

http://hereisthecity.com/2013/05/28/uk-banks-cut-189000-heads-more-jobs-may-go/



UK Lobby Groups Attack European FTT Plans

Published on: Tuesday, May 28, 2013 by Paul Stanbridge

Three UK lobby groups have written to European Union leaders to highlight their concerns regarding the proposed financial transactions tax (FTT), warning that it represents “a major risk to Europe’s ability to recover from the current economic problems it faces. . .

http://www.tax-news.com/news/UK_Lobby_Groups_Attack_European_FTT_Plans____60874.html



Workable Solutions for efficient and simplified fiscal compliance procedures relating to post-trading within the EU

Published on: Tuesday, May 28, 2013 by Paul Stanbridge

http://ec.europa.eu/internal_market/financial-markets/docs/clearing/tbag/130524_tbag-report-2013_en.pdf



J.P. Morgan International Bank fined for systems and controls failings in its wealth management business

Published on: Tuesday, May 28, 2013 by Paul Stanbridge

The Financial Conduct Authority (FCA) has fined J.P. Morgan International Bank Limited (JPMIB) £3,076,200 for systems and controls failings relating to its provision of retail investment advice and portfolio investment services. . . .

http://www.fca.org.uk/news/jp-morgan-international-bank-fined-systems-controls-failings