10/24/2019
Schroders to take over as manager of Woodford investment trust
Neil Woodford resigned from eponymous investment vehicle earlier this month
Legal, Regulation & Compliance
10/24/2019
Bank-grade ID company Fractal partners with Philippine-based investment platform Seedbox, providing bankless access to mutual funds
The Berlin and Singapore-based identification management company signs an agreement with Seedbox to put the effort in driving financial inclusion in Southeast Asia, starting with the Philippines
10/24/2019
Why Mario Draghi will be missed
Mario Draghi, the current head of that institution, is overseeing his last monetary policy meeting today, before former IMF director Christine Lagarde becomes president.
10/24/2019
Turning technology against financial crime Speech by Megan Butler
Speech by Megan Butler, Executive Director of Supervision – Investment, Wholesale and Specialists at the FCA, delivered at the Royal United Services Institute, London.
10/24/2019
17 banks and lenders confirm support for SME customers through Brexit and beyond
Banks and alternative lenders have reaffirmed their pledge to support small and medium sized businesses (SMEs) with concrete commitments under the new SME Finance Charter.
10/24/2019
Covert recordings a fact of professional life
The ongoing case concerns a road traffic accident in which the claimant alleges to have suffered serious brain damage.
10/24/2019
Advisers given two months to rectify DB risks
The watchdog is then set to conduct a further round of assessments in 2020 and if it finds concerns persist further action against firms is "likely".
10/24/2019
Germany’s economic slump persists as France rebounds
Two countries’ fortunes continue to diverge as PMI data point to overall eurozone gloom
10/23/2019
Fosun Considers Bid for German Bankhaus Lampe
Sources also added that KPMG is currently advising the Oetker family, the controlling shareholder, on the potential sale of Bankhaus Lampe.
10/23/2019
Italy’s 2020 budget at big risk of breaching EU fiscal regulations
Last week, Moscovici in an interview with Reuters preannounced that Italy’s budget could require some work, but was far from being seen as a major problem.
10/23/2019
Financial Crime Risks in Malta
European authorities have required the Maltese government to strengthen its regulatory frameworks and comply with European Union (EU) law.
10/23/2019
Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
In a normal world savers are expected to receive compensation for giving their money to the bank.
10/23/2019
Vatican denies book's allegations of impending default
The archbishop told the Italian Catholic newspaper Avvenire that while there was "no need for alarmism," the Vatican had to contain costs.
10/23/2019
Claims against Organic Investment Management to be passed to FSCS’s processing team in Nov
The Financial Services Compensation Scheme has concluded that Organic Investment Management Ltd may owe a civil liability to its customers.
10/23/2019
Lack of cross-border mergers shows Europe needs more integration: Bank of Spain
Delgado said benefits from synergies, potential cost-cutting and efficiency gains were mainly seen in mergers between institutions from the same country.
10/23/2019
Swedbank chief aims to lift ‘dark cloud’ of money-laundering claims
Jens Henriksson denies probes by US and European authorities are an existential threat
10/22/2019
BNP Paribas starts strategic partnership with Allfunds
In addition, BNP Paribas will entrust Allfunds with the management of distribution contracts of third-party investment funds for several BNP Paribas Group entities in its retail, wealth management, insurance and asset management businesses.
10/22/2019
More investors join U.S. lawsuit against Danske Bank
U.S. law firms Grant & Eisenhofer and DRRT, now representing 232 pension funds and other investors, said claims against the bank for economic losses resulting from the alleged money laundering now total nearly $800 million.
10/22/2019
Lipper's Glow: European Fund-Flow Trends, September 2019
These fund flows added up to overall net inflows of €24.7 bn into long-term investment funds for September. ETFs contributed inflows of €19.4 bn to these flows.
10/22/2019
BoE reform needed to boost firepower for downturns, think tank says
Positive Money said the BoE and government should create a new credit policy unit so the BoE can influence lending, and the central bank should also be able to outline its expectations for the government's fiscal policy.