01/21/2020
Cheshire advice firm pays staff to quit
Equilibrium Asset Management employs 86 staff at its office in Wilmslow.
Legal, Regulation & Compliance
01/21/2020
Appleby advises on closing of Zedra acquisition
"We look forward to seeing ZEDRA go from strength to strength in the jurisdiction.”
01/21/2020
VitalityInvest and SEI launch new Global Multi-Manager fund range
The new Global Multi-Manager funds are available exclusively through VitalityInvest’s ISA, Junior ISA and Retirement Plan
01/21/2020
Heads could roll at PwC over Isabel dos Santos links, says chairman
Exclusive: Bob Moritz says he is ‘shocked and disappointed’ by Luanda Leaks disclosures
01/21/2020
Ex-Barclays chair says banker accused of fraud had instinct for 'ethically right' deals Save
City grandee Sir David Walker issued a spirited defence of investment banker Tom Kalaris, one of three former top Barclays executives who are accused of wrongdoing over multi-billion pound payments from Qatar which kept the bank afloat at the height of th
01/21/2020
CMA publishes loyalty penalty update
The CMA has reported on the progress made in tackling the loyalty penalty that impacts millions of people.
01/20/2020
Woodford fund shows vulnerable side of shadow banking, regulator says
By contrast, the growth rate averaged 8.5% annually in 2012-17, when shadow banking grew rapidly as banks faced heavier regulation following the 2007-09 financial crisis.
01/20/2020
McMafia law to target drug dealers’ millions
THE McMafia law could be used to strip county lines drug dealers of assets, even if police do not have enough evidence to charge them.
01/20/2020
Hopes of bumper year for City deals are given a lift as buyout barons move in on top UK bailiff
City sources said Inflexion secretly agreed to buy about 45% of Marston
01/20/2020
Carey Olsen leads on three chapters in latest edition of Trusts in Prime Jurisdictions
Mr Robinson said: "The book is an incredibly useful reference tool to the global trusts and private wealth sector
01/20/2020
Global banks hit with £6.2bn in fines
This is double the amount, and nearly double the value, of penalties handed out in 2018, when 29 fines of $4.27bn (£3.2bn) were imposed.
01/19/2020
House of Lords European Union Committee letter on proposed Taxonomy Regulation
The Government’s Green Finance Strategy noted that the UK would “match the ambition” of the EU’s Sustainable Finance Action Plan
01/19/2020
Sainsbury's Bank urged to move borrowers to a regulated lender after pulling out of mortgage market
The bank has refused to rule out selling the loans to a private equity firm
01/19/2020
FCA data on mortgage prisoners
Following our Policy Statement on the changes to the responsible lending rules, we have published further data on the mortgage prisoner population.
01/19/2020
The death of LIBOR and the afterlife
LIBOR was developed and launched in the mid-1980s by the British Bankers Association.
01/19/2020
FCA blindsided by investment fund suspensions
Regulator admits it does not track frequency of funds that block investor withdrawals
01/17/2020
Mortgage currency quirk favours UK and expat buyers in Spain
Note the opposite is also true, though, your home currency could decline, which makes your debt more expensive.
01/17/2020
Why The Euro Is Starting To Resemble The Yen
Companies are borrowing at lower interests in Europe than in the United States.
01/17/2020
Poland and Germany to be top beneficiaries of 100 bln euro EU climate fund
Poland did not sign up to the 2050 neutral-emissions goal, arguing its energy systems and economy were too dependent on coal and lignite to make the transition in that time.
01/17/2020
Sale of Piraeus Bank’s Bulgarian subsidiary to Eurobank did not breach EU state aid rules, EU Commission says
Eurobank, Greece’s third-largest lender, announced in June 2019 that its Bulgarian subsidiary Postbank concluded on the acquisition of Piraeus Bank’s Bulgarian unit after obtaining regulatory approvals, – a process that started in Novemb