05/16/2018
Kent stands by Neil Woodford despite massive underperformance
Over the course of 2017, Schroders delivered 12.88 per cent returns, against a customised benchmark of 12.83 per cent.
Legal, Regulation & Compliance
05/16/2018
Angola sovereign wealth fund takes battle to UK court
The $5 billion (3.7 billion pounds) sovereign wealth fund has been embroiled in a dispute with its former boss, the ex-president’s son Jose Filomeno dos Santos, and the Swiss-based asset manager contracted to invest money for the fund, Quantum Glob
05/14/2018
FCA secures confiscation orders totalling £1.69 million against convicted insider dealers
These confiscation orders follow an FCA prosecution in which Messrs Dodgson and Hind were convicted of conspiring to insider deal.
05/14/2018
Cyprus’s Golden Visa is Attracting International Buyers Looking for Second Homes
The country’s accessibility to beaches and skiing are draws, too
05/14/2018
Campbell Dallas hits the acquisition trail in Ayrshire
The group brings Sinclair Scott into the fold in its first deal since becoming part of Baldwins
05/14/2018
Greenwoods and GRM create £12m legal powerhouse
The new entity will include 25 partners and a total of 85 lawyers.
05/14/2018
LGIM gets go ahead for European base in Dublin
Authorisation from the Irish regulator
05/11/2018
Sanctioned Russian tycoon hands back his private jets
A representative of Rusal’s press service said the firm declined to comment.
05/11/2018
BT cuts 13,000 jobs to slash costs
Last year, BT was forced to write down the value of the Italian part of Global Services after an accounting scandal that cost the firm more than £500m.
05/11/2018
UniCredit Pushes on Cost, Asset Quality to Affirm Leadership
That beat the 796 million-euro profit expected by the average of 8 analysts surveyed by Bloomberg.
05/11/2018
Barclays boss Staley fined for trying to expose whistleblower
Barclays is also now subject to special requirements by which it must report annually to the regulators detailing how it handles whistleblowing
05/11/2018
Isle of Man ready to fight UK Govt over public register
The Isle of Man was ready to “vigorously challenge” the UK Government if it imposed a public register of beneficial owners on the crown dependency, its chief minister Howard Quayle has revealed.
05/10/2018
Central Bank sees ‘no evidence’ vulture funds more aggressive than banks
Bank to pay €2.1bn dividend to the exchequer after its profits grew in 2017
05/10/2018
Government response to the House of Lords European Union Committee Report, ‘Brexit: The Future of Financial Regulation and Supervision’
The Government has also been clear that there will be no regulatory race for the bottom following our withdrawal from the EU.
05/10/2018
Dundee firms merge to create Baillie Shepherd
Baillie Shepherd has spent six months on a fresh rebranding and the refurbishment of its property office at 45 Union Street ahead of the merger.
05/10/2018
UOB and Santander UK to facilitate greater two-way business flows between Southeast Asia and the UK
Aim to help 200 companies in their cross-border expansion over the next two years
05/10/2018
At Vatican bank trial, court hears of Swiss funds, missing documents
The other, Gabriele Liuzzo, 95, who once worked as an outside legal consultant for the bank, could not attend the trial, which is being held inside the Vatican under its own legal system, because of poor health, his lawyers said.
05/10/2018
MiFID II affects client servicing for private banks
In a MiFID II world, clients have to sign up for an advisory or discretionary mandate when willing to talk to relationship managers.
05/09/2018
Zedra acquires Malta-based fiduciary firm
Quaestum is an independent fiduciary services firm employing a select team of industry professionals with a vast experience in different areas of consultancy and financial services.
05/09/2018
Will Lawyers Become Extinct in the Age of Automation?
The most enduring relationships in the legal profession are the ones where the client feels and believes the lawyer has their back.