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.
Legal, Regulation & Compliance
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.
10/22/2019
U.S. banks' Brexit offices are ready in Paris and Frankfurt, but they're not hiring
Only JPMorgan and Citi don't seem to have shiny new premises in the French and German financial centres, although both are said to be looking for somewhere in Paris (presumably with a degree of desperation at this stage).
10/22/2019
How to pay pension annual allowance tax charges
As penalties collected by HMRC for 2017/18 skyrocket to £812m
10/22/2019
Hargreaves faces £1.9m fee loss from Woodford debacle
Over the four months since the suspension (June to September) investors pulled approximately £250m from four of its funds
10/22/2019
Irish Finance Bill 2019 - Update for International Investors
The Irish Finance Bill 2019 was published on 17 October 2019 and contains a series of legislative tax measures.
10/22/2019
FSCS cannot find evidence for claims against Sipp provider
The FSCS said that without this evidence it was difficult to know if there were valid claims.
10/22/2019
UBS, authorities eye client overcharges in Singapore and Hong Kong
UBS expects the relevant authorities will subject UBS to reprimands and fines as a result of their investigations," it said, noting that it had identified and reported the instances related to transactions between 2008 and 2015.
10/22/2019
Regulation in a changing world Speech by Christopher Woolard
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the City of London / Cicero event on Future of Regulation.
10/22/2019
Smaller advice and wealth firms should report gender pay gap
Bank of England chief economist Andy Haldane has said extending reporting to companies with more than 30 employees would 'tackle the pay gap comprehensively'
10/22/2019
Esma And Australian Securities And Investments Commission Cooperate Benchmarks
The EU Benchmarks Regulation prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU.
10/22/2019
Understanding pay gaps - speech by Andy Haldane
Given at the joint Bank of England, Federal Reserve Bank and European Central Bank conference on Gender and Career Progression
10/22/2019
London-based bankers charged with insider trading
Two new indictments come days after similar accusation against a Goldman Sachs banker