03/25/2014
The European Central Bank’s determination to subject the euro zone’s largest banks to the same, rigorous checks is being tested, with countries lobbying for their banks to be treated differently and lenders asking for their workload to be ease
03/24/2014
C Hoare & Co has alerted customers to the ploy and urged them to tighten security as it strengthens its own defences.
03/24/2014
Freshfields Bruckhaus Deringer has is about to kickstart the hunt for a London corproate head with former Asia managing partner Simon Marchant and deal-maker Julian Makin emerging as early frontrunners.
03/24/2014
Will bankers never learn? Not commercial bankers who played a major role in wrecking the economy, this time the regulators are embarking on the slippery path of greed and promises of a honey pot of bonus payments.
03/24/2014
Risk ratings – how can clients be sure of what they’re getting?
Regulatory pressures on advisers to ensure investment recommendations are suitable for clients, particularly from a risk point of view, has resulted in a number of risk-rated, risk-targeted and risk-managed solutions appearing on the market.
03/24/2014
Fiona Le Poidevin explains why Guernsey provides an excellent platform for AIFMD compliant investments in Europe with all the options available to a financial centre outside the EU.
03/24/2014
Hedge funds manage $470 billion in the UK, with 82% of the assets controlled by just 20 large firms
03/24/2014
Subsequently Russia completed its annexation of Crimea and the European Union issued further sanctions against more Russian and Crimean politicians and officials by supplementing CFSP 145 and Regulation 269 (under new Council Decision 2014/151/CFSP and Co
03/24/2014
German state prosecutors have searched the Frankfurt offices of law firm Hengeler Mueller in connection with Deutsche Bank's 12-year legal battle with the heirs of media mogul Leo Kirch
03/24/2014
Execution-only platform Fidelity Personal Investing is calling for an outright ban on exit fees from all long-term savings products, and has promised to refund customers hit by the fees who move to its platform.
03/24/2014
Three officials are sued over an alleged concealment of their wealth by the High Inspectorate of Declaration and Audit of Assets.
03/23/2014
The chief executives of some of Britain’s biggest life insurers have asked regulators to intervene after the Chancellor’s announcement of dramatic changes to the pensions market
03/21/2014
EU leaders reach deal to complete banking union
Under new rules, troubled banks could be dealt with in a weekend instead of more protracted process
03/21/2014
Deutsche Bank fails to end 4 U.S. lawsuits over soured mortgages
Deutsche Bank countered that buybacks were the only remedy, and that HSBC failed to identify which loans were covered
03/21/2014
The U.S. Department of the Treasury’s Office of Foreign Assets Control today designated sixteen Russian government officials, members of the Russian leadership’s inner circle, including a Russian bank pursuant to Executive Order (E.O.) 13661,
03/20/2014
Farid ‘Diabl0’ Essebar, one of the creators of the Zotob worm, evaded the authorities for the last three years, and is accused of causing $4 billion worth of damage
03/20/2014
Arbitrators appointed by the Spanish government are considering claims that might leave rescued lenders Bankia SA, NCG Banco and Catalunya Banc liable to pay compensation to individual investors who bought as much as 3.1 billion euros of junior debt.
03/20/2014
The UK's Prudential Regulation Authority (PRA) is consulting on proposals which would apply to general insurers under key aspects of the EU's Solvency II regulatory regime.
03/19/2014
Euro zone countries must prepare to shut their failing "zombie" banks and quickly pool the money to do it
03/19/2014
Companies deny role in the alleged conspiracy to move assets beyond the bank’s reach