BOC Hong Kong manager cleared of Lehman minibond fraud
A BOC HK manager has been found not guilty of fraudulently or recklessly selling Lehman minibonds.
Industry
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EU Code Group fails to resolve zero-10 matter in latest ruling
The matter of the zero-10 corporate tax regimes in the Isle of Man and Jersey remains unresolved.
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Merrill Lynch appoints Norway-focused adviser
Merrill Lynch has appointed a dedicated financial adviser focusing on ultra HNW clients in Norway.
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New structured product from Standard Bank
Standard Bank Offshore has launched the latest in its Quantum Plus 5 structured product series.
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Treasury confirms RDR will not affect passporting
The RDR will not affect the ability or rights of IFA firms based in the EU to passport into the UK.
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OECD GDP figures show continued economic slowdown
GDP growth in the OECD area slowed in Q4 2010 from the previous quarter, rising by a mere 0.4%.
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Channel Islands begin campaign to woo Eurocrats
Jersey and Guernseys efforts to wield more influence in Europe have begun
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UK Bankers head to Switzerland to escape taxes
The number of British bankers and financial services workers migrating from Britain has risen by 28%
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IAW and three others fined by Cypriot regulator
Four IFA firms have been fined in Cyprus for “purporting to” offer investment services
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UK Treasury unveils new regulatory structure
The UK government has announced the detail of the new financial services regulatory structure.
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IFAs failing clients over cash portions of pensions
IFAs are failing clients by missing higher interest rates available for cash portions of portfolios
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Meetings planned over Qatar action on Islamic bank ops
Qatars central bank is reportedly due to meet with conventional banks to discuss their Islamic arms