goldman sachs fined for dark pool trading
Goldman Sachs has been fined $800,000 (£466,000, 585,570) over transactions that took place on its dark pool trading platform.
Author: Mark Battersby
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Axa ceo takes over as abi chairman
UK chief executive of France-headquartered group Axa Paul Evans is to be the next chairman of the Association of British Insurers.
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bnp paribas fined a record nine bn
BNP Paribas was hit with a record $8.97bn (£5.2bn, 6.5bn) fine last night for violating US sanctions between 2004 and 2012.
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swiss agree to french tax information requests
France and Switzerland have added a rider their tax information exchange agreement to allow France to request information about unidentified Swiss bank account holders.
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ioma restructures intermediary sales team
IOMA has expanded its sales function to enable access to a wider range of products across life, pensions and investments.
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Bellingham steps down as ceo of pias
David Bellingham has decided to step down as chief executive of Professional Investment Advisory Services, one of the largest financial advisory firms in Asia, and to relocate to the UK with his family.
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Tax exchange agreements are redundant
Isle of Man chief minister Allan Bell has labelled tax information exchange agreements (TIEAs) ‘redundant’ and defended the lack of any new double taxation agreements (DTAs) signed by the island since the one with Luxembourg in April last year.
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hsbc sells swiss assets to liechtenstein bank lgt
HSBC is selling a portfolio of its Swiss private banking assets to Liechtenstein bank LGT Group Foundation.
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ioma group hires former zurich director
IOMA Group has named former Zurich director Linda Muirhead as its group operations director.
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allfunds to target asia poaches skandia
Allfunds Bank is planning to establish a presence in Asia and has taken its first step, by relocating its regional manager for Middle East and Africa to Singapore.
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Sovereign funds lift exposure to alternatives
Sovereign investors around the world are increasing the risk level of their funds through exposure to alternative investments and emerging markets, according to Invesco’s second in-depth study on trends in this institutional area.
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irs targets swiss banks with penalty
IRS commissioner John Koskinen has announced a revised version of the amnesty programme aimed at encouraging US citizens to declare offshore bank accounts, which includes tough penalties for wilful non-disclosure.