Tax & Regulation | 5 Jul 12
uk millionaire with Swiss account is first
A UK taxpayer is to pay some £830,000 in back tax, fines and costs to the UK tax authorities after being found guilty of using an undisclosed HSBC account in Switzerland to hide his money, in HM Revenue & Customs’ first successful prosecution to be based on information obtained from HSBCs Geneva branch in 2010.
Standard Chartered Islamic wealth product range
Standard Chartered Private Bank has launched a suite of Islamic wealth management products aimed at high net worth clients across its offices in Dubai, Geneva, London and Jersey.
smith and williamson launches corporate bond fund
Smith & Williamson is to launch a Dublin-domiciled medium-dated corporate bond fund on 16 July.
Middle East | 5 Jul 12
shareholders approve merger plans
The shareholders of three Islamic banks in Bahrain have given the thumbs up to a plan to combine them.
United Kingdom | 5 Jul 12
Aviva exits South Korea Italy strategic review
Aviva is to exit from its South Korea business, Italian partnerships and UK large scale bulk purchase annuities as part of its expected overhaul of the entire worldwide business.