HSBC Global Asset Management, the fund management arm of HSBC, has announced it will offer three new funds built on its flagship World Selection portfolios with charges suitable for the UK defined contribution (DC) marketplace, given the new 75bps charge cap.
Companies should be fined for assisting tax evasion, the UK’s chief secretary to the Treasury has said.
With HSBC hitting the headlines for all the wrong reasons and bringing offshore banking into sharp focus, deVere’s Nigel Green attempts to redress the balance.
The HSBC tax evasion scandal has put pressure on the UK government to introduce new legislation making it easier to prosecute people for hiding money in offshore bank accounts.
The head of HM Revenue & Customs (HMRC) has come under fire for not taking action against UK citizens to prevent the HSBC tax evasion scandal.
Documents originally leaked in 2010 show how HSBC helped wealthy clients from around the world evade taxes via its Swiss private banking arm.
As the United Arab Emirates grapples with the ongoing regulatory shake up, the larger players are causing a ‘flight to quality’ that will have widescale ramifications for the financial industry in the region. While largely positive, there are still a number of issues to iron out
HSBC’s Swiss private bank was fined $12.5m (£8m, 10m) yesterday for offering services to US clients without being properly registered.
HSBC Global Asset Management is launching a multi-asset China-focused fund that will partly invest through the Hong Kong-Shanghai stock connect.
BlackRock claimed top spot in the gross retail sales table for the second consecutive quarter, the Pridham Report revealed on Monday.
Carmignac Group and BNP Paribas Investment Partners have both been granted licences to trade in China listed A shares and local bonds.
Neil Woodford has sold his recently acquired stake in HSBC, on the back of concerns about the growing number and size of regulatory fines faced by banks.
