Deutsche Bank pays 25bn LIBOR fine to regulators
Deutsche Bank has reached a settlement with US and UK regulators to pay more than $2.5bn in fines for LIBOR and EURIBOR failings and misleading authorities.
Deutsche Bank has reached a settlement with US and UK regulators to pay more than $2.5bn in fines for LIBOR and EURIBOR failings and misleading authorities.
Neil Woodford’s Patient Capital Trust, the second fund from the star manager’s company, is the largest ever UK investment company launch, according to the Association of Investment Companies (AIC).
Natixis Global Asset Management has opened its first office in South America as it looks to provide IFAs in Uruguay and Chile with access to its services.
The UK’s Financial Conduct Authority has fined Merrill Lynch International more than £13m for transaction reporting failures, the highest penalty of its kind ever recorded.
Lloyds Bank has launched a new financial planning tool in the wake of the UK pension reforms to help its private banking clients plan for their retirement.
UK families are facing average inheritance tax bills of up to £130K; according to research from Canada Life International; highlighting the need for more planning to reduce the liability.
Advisory network giant, Sesame, is to shut down its Financial Adviser School as part of its wider efforts to return the business to profit.
The first independent and impartial service which will investigate and handle complaints against UK based financial advisers has been launched.
Three out of four home loan enquiries received by deVere Mortgages in the first quarter of 2015 were from overseas buyers, led by those in Russia, Asia, the Middle East, and the US.
TAM Asset Management’s socially responsible TAM Ethical portfolio has raised nearly £4,000 for charity through its ‘You Give, We Give’ scheme since launching in May last year, with considerable growth predicted over the next 12 months.
Online investment manager, Nutmeg, has increased its investments in European, Nordic and Japanese stocks in order to protect customer portfolios from risks ahead of the UK General Election.
The UK’s Financial Conduct Authority has fined the Bank of New York Mellon’s London and International branches £126m for failing to comply with rules protecting clients against insolvency.