Wire
Indy: Cameron to compromise on CGT?
The unity of the coalition Government was under strain last night after David Cameron hinted at a compromise with his Tory critics over the adoption of Liberal Democrat tax-raising plans.
FT: Goldman may plead to lesser charge
Goldman Sachs is hoping to avoid the Securities and Exchange Commission’s charge of fraud by reaching a settlement on a lesser offence and agreeing to a fine of hundreds of millions of dollars, according to people familiar with the bank’s negotiating position.
Tel: Italians' $7bn hidden in HSBC accounts?
The financial police in Italy have said that their investigation into data stolen from HSBC in Switzerland has revealed that funds of up to $6.9bn (£4.8bn) may be affected in Italian accounts alone.
WBrief: Russians not thinking of next gen
Russian entrepreneurs are in jeopardy of seeing their fortunes eroded by the next generation unless they give serious thought to succession and wealth transfer, the survey by UBS and Campden Research reveals.
FT: Italian govt seizing superyachts
Rome's crackdown on suspected tax dodgers has unsettled owners of super-yachts considering Italy as a summer destination following the tax police's seizure of the 63-metre Force Blue owned by tycoon Flavio Briatore.
WBrief: $15.5bn Madoff settlement reached
A total of 20 European banks have agreed to reimburse non-US investors for $15.5 billion of losses caused by the jailed Ponzi fraudster Bernard Madoff but some Swiss lenders have yet to do so, a lawyer for victims has been quoted by Reuters as saying.
Bloomberg: HNWs pessimistic about economy
May 24 (Bloomberg) -- The gloom of wealthy Japanese and U.S. investors about the prospects for the global economy over the next five years is only surpassed by the pessimism of those in Monaco, according to a survey by Barclays Plc.
Tel: Hedgies betting on euro collapse
Hedge funds that made millions from the implosion of America's subprime market are betting on a similarly dramatic collapse of the euro.
Guardian: £430m paintings stolen from Paris museum
Five paintings worth €500m (£430m) – including masterpieces by Pablo Picasso and Henri Matisse – have been stolen from a Paris museum, French police said today.
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Q
I have been reading in the press recently that if you are not a UK citizen it is going to become more difficult to divorce in the UK. Is this true?
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It is a fact that in recent years there has been an increase in ‘forum shopping’ divorces and London has been described as the divorce capital of the world.
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