canaccord to buy collins stewart for 250m
Collins Stewart Hawkpoint is to be bought by Canadian brokerage firm Canaccord, in a deal expected to be worth £250m.
News
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intl money laundering gang jailed
Four men who created a tangled web of financial transactions across the globe in an attempt to launder $15.5m stolen 11 years ago from a German bank have been jailed.
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bogus facebook adviser fined hkd20000
An unlicensed adviser was today fined HK$20,000 and given a community service order of 80 hours, for advising on securities via the social networking website Facebook.
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irs announces new fatca form
The Internal Revenue Service said that it plans within days to release new forms intended to enable Americans to begin complying with some of the new reporting requirements being brought in by the Foreign Accounts Tax Compliance Act.
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state street rapped in singapore
State Street Global Advisors has been reprimanded by the Monetary Authority of Singapore, for supplying inaccurate information in relation to the performance of an exchange traded fund.
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wagstaff joins henderson as global head
Paul Feeney has taken on Phil Wagstaffs role as chief executive of Skandia Investment Group, following the latters departure after just two weeks to Henderson Global Investors.
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qatar and uae remain frontier markets msci
Index provider MSCI has decided not to upgrade Qatar and the United Arab Emirates from frontier to emerging market status, following an extended review period.
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new tax laws for trusts with french interests
Trusts with French interests are being reminded that from 2012 they will be required to make a report to the French tax authorities under new tax laws.
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fund outflows ease in october
Outflows from both bond and equity funds eased significantly in October, compared with those experienced in a “summer of carnage”, according to latest data from Lipper FMI.
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dodging the tax man
Prudentials Gerry Brown explains how a tax avoider recently won a case in the UKs Court of Appeal against HM Revenue & Customs, despite admitting participating in “artificial tax avoidance”.
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trowe price appoints manager for mid europe
T. Rowe Price has appointed Wim de Ruijter as a client relationship manager for mid Europe.
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fund houses have plenty of work to do on kiids
Research from Kneip shows that fund houses have plenty of work to do before their KIIDs documents are fully compliant with what the regulators want to see.