12/19/2014
Evgeny Gavrilenkov, the chief economist at the investment banking arm of Russia's largest lender Sberbank CIB, has warned that actions taken by the Russian authorities to bail out Russia's troubled banking sector could cause a "full-scale b
12/19/2014
Two directors of Connaught Asset Management have been disqualified as directors for a combined 16 years for allowing the misuse of up to £106 million in investment funds after an investigation by the Insolvency Service.
12/19/2014
A City of London police spokeswoman declined to comment on the identity of the individual or whether they had been released on bail after questioning, saying only it was an SFO-led investigation.
12/18/2014
20% of banks failed “stress tests” conducted by the European Banking Authority to see if they are strong enough to withstand another financial crisis.
12/18/2014
Media baron Richard Desmond has won a victory over Credit Suisse and hedge fund group GLG after they settled his £42 million court case over what he claimed was an “incomprehensible” financial investment.
12/18/2014
Switzerland's National Bank will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country.
12/18/2014
The moves comes after the US fund house had gained a dominant share of Julius Baer's shelf space following the Swiss bank's acquisition of Merrill Lynch's wealth business.
12/17/2014
The FCA said it was ‘encouraged’ by findings over disclosure of charges and services to clients, despite having to refer one advice firm to enforcement over disclosure failures but added that wealth management firms were still getting it wrong
12/17/2014
Andy Brooks, director at Brooks Wealth Management, questioned how advisers restricted to a certain number of providers can be seen to be giving the full breadth of retirement options.
12/17/2014
The rules would also require banks, auditors, lawyers, real estate agents and casinos, among others, to be more vigilant about suspicious transactions made by their clients.
12/17/2014
Many countries, including Germany, have delayed infrastructure improvements.
12/17/2014
Irish lawmakers have opened a fact-finding investigation into the causes of Ireland's banking crisis, when a collapsing property market exposed reckless lending and required an emergency international bailout.
12/17/2014
Raiffeisen Bank International AG (RBI) may sell its largest foreign unit after Russia, Raiffeisen Bank Polska SA, according to two people with knowledge of the matter. Raiffeisen, which agreed with Polish regulators to take the unit public on the Warsaw
12/16/2014
People who have been shut out of the banking system because of a poor credit history are to be offered basic accounts that come without punishing penalty fees by the end of next year
12/16/2014
The Co-Operative Bank is the only lender that has failed the Bank of England stress test, however two other banks were told they could be at risk in the event of a “severe economic downturn”
12/16/2014
The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc (BARC.L).
12/16/2014
Only one of the UK's eight big lenders failed the Bank of England's stress tests. That doesn't mean the rest can relax
12/16/2014
As a result of this transaction, Duff & Phelps will create a dedicated Financial Regulatory and Compliance Practice, based on Kinetic Partners’ recognized leadership in providing regulatory consulting and compliance counsel to the financial serv
12/16/2014
The much-awaited €5m Oireachtas Banking Inquiry will not be able to blame anyone for Ireland's financial crash, unless that person agrees they made a mistake.
12/16/2014
The president of Germany‘s financial regulator Bafin came within reach on Tuesday of leading a new eurozone scheme to wind down troubled banks