08/21/2013
The Financial Conduct Authority (FCA) has reached an agreement with Card Protection Plan Limited (CPP) and 13 high street banks and credit card issuers that will pave the way for redress to be paid to customers who were mis-sold CPP’s Card Protectio
08/21/2013
While the hard-hitting investigation concludes privately owned Bloomberg has ‘appropriate client data policies and controls in place’, it has recommended a raft of changes.
08/21/2013
NordLB's original overhaul approved by the European Commission in July last year included a dividend ban from 2012 to 2013 and a coupon ban. The public-sector bank, which received 3.3 billion euros of state aid, later amended the terms.
08/19/2013
McKeeve has spent four years at BLP after joining as private equity head in 2009, just a year after leaving Kirkland & Ellis in 2008, during which time he worked as an investment professional for property tycoon Robert Tchenguiz.
08/18/2013
More investment in data governance is needed in companies specialising in asset and wealth management
08/18/2013
“We want it to be clear that investors in the majority of crowdfunds have little or no protection if the business or project fails,”an FCA spokesman said.
08/18/2013
Aj Somal, certified financial planner at Aurora Financial Planning, said some discretionary managers were shown “in a bad light” by not submitting comparative performance data.
08/18/2013
The Directive is going to have a significant impact on AIFMs’ EU strategy
08/17/2013
There was industry concern that any changes brought in would adversely affect the industry
08/15/2013
The FCA will look at what the charges are; how they are broken down and overseen; alongside the information that is provided to end-investors.
08/15/2013
Porsche SE faces a new legal maneuver from hedge funds seeking to recoup billions of euros they say they lost
08/14/2013
Moody's Analytics has released two reports outlining the challenges associated with the upcoming Asset Quality Review (AQR) and subsequent stress test requirements for European financial institutions.
08/13/2013
Capital adequacy, stress testing & internal risk models among top regulatory pressures; Report says flexible technology key to addressing evolving requirements
08/13/2013
The sale was completed as two separate transactions
08/13/2013
He will draw on his experience gained during a 2,5 year tenure as the Senior Office Partner for Eversheds’ Copenhagen office.
08/13/2013
Federal prosecutors in Manhattan have criminally charged two former JPMorgan bankers for their alleged role in the “London whale” trading loss that rocked the investment bank last year and led to a very public overhaul of its senior management
08/12/2013
Deutsche Bank to receive Libor report from Bank watchdog
08/12/2013
Russell-Cooke has strengthened its Private Client practice with the hire of its 8th Partner
08/11/2013
Banks in Europe will need to slash €3.2 trillion (£2.8tn) of assets from their balance sheets over the next five years to meet new regulations designed to minimise the risk of further banking collapses in future.
08/11/2013
The board was discussing "whether the continuation of commission payments for non-advised retail investment sales created potential risks".