Long-running Alhamrani case in Jersey ends in settlement
The long-running case involving members of a wealthy Saudi Arabian family who sued JPMorgan (Jersey) Trust Co was quietly settled out of court in September, it has been learned.
Jersey
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Jerseys funds industry NAV falls more than 17% in Q3; bank deposits also slip
The net asset value of funds administered in Jersey fell by 17.7% in the third quarter.
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UK politician blasts CI, IoM governments for breathtaking silence over UK scrapping of reciprocal
A crusading UK politician is calling for the UK to rethink its plans to scrap its reciprocal health agreement with the Isle of Man, but says he is bewildered by the Isle of Man governments breatht
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ALIL and Bradford & Bingley Intl name new directors, post 20% deposit growth
Alliance & Leicester International (ALIL) and Bradford & Bingley International (BBIL) have appointed two new directors to their boards, in what appears to be the clearest sign yet that their parent, S
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Enhance Investments launches due diligence service for managers
A new service aimed at helping investors to better understand the risks involved in the management of their portfolios has been launched by a Jersey-based consultancy, Enhance Investments.
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UK tax authorities to investigate Lloyds offshore operations after BBC report
Lloyds Banking Group is to be investigated by UK tax authorities following allegations by a BBC Panorama programme that it was encouraging wealthy individuals to avoid taxes by investing offshore.
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Survey: Hong Kong and Singapore join London and New York as ‘global leaders’
Hong Kong and Singapore have joined London and New York as “global leaders” in the financial centre firmament, according to the authors of a recent ranking of world financial centres.
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IMF issues long-awaited report cards on Jersey, Isle of Man
International Monetary Fund officials today issued their long-awaited assessment of the financial health of the Isle of Man and Jersey, following visits to the Crown Dependencies last September and No
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Jersey Parliament expected to give final approval to draft depositor compensation scheme next month
The Jersey States Assembly is expected to give final approval to a draft depositor compensation scheme on 20 October.
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Jersey rejects claims it will seek UK bailout to plug deficit
Jersey has denied it is suffering similar financial problems to the Cayman Islands, which has had a request to increase borrowing denied by the UK government.
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Abbey Intl boosts sterling rates for account holders
Abbey International (AI) has boosted the interest rates it pays to sterling customers of its so-called Gold current accounts.
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The road to financial stability.are we there yet?
Geoff Cook, chief executive of Jersey Finance, gives his expert and unblinking assessment of the controversial draft EU directive aimed at curbing alternative investment funds.