HSBC to ‘exit 20 countries’ to save billions, BBC reports
Banking giant HSBC is to pull out of 20 countries as it cuts some 25,000 jobs by 2013.
News
-
-
Advisers to assess clients under new MAS rules
Advisers will have to assess their clients ability to understand investment products, says MAS.
-
RL 360° names Dan Moss int’l sales manager for north UK
Royal London 360° has named Dan Moss international sales manager for the northern parts of the UK.
-
HMRCs handling of taxpayers criticised by MP committee
UK lawmakers described as disturbing evidence of how UK taxpayers are being dealt with by HMRC.
-
Threadneedle to expand its AR range with global bond fund
Global Opportunities Bond is slated to launch this quarter and will be headed by Jim Cielinski.
-
Big Mac Index proves yuan not under-valued
The Economist’s survey of Big Mac prices around the world has found the yuan is not under-valued.
-
Signia achieves SEC registration
Signia Wealth has announced its registration as an investment adviser with the US SEC.
-
Martin Currie shows door to China manager Chris Ruffle
Martin Currie has parted company with China manager Chris Ruffle following a conflict of interest.
-
Sarasin closes Global Villages Sicav due to lack of interest
Sarasin & Partners is to close its Global Village Fund due to a lack of interest from investors.
-
Another Axa exec discusses doubling sales and possible acquisitions
Another Axa executive has spoken of the companys intentions of doubling sales in a regional market.
-
Convoy to buy Singapores IPP for $21m
Convoy Financial Services is set to acquire Singaporean advisory firm IPP Financial Services.
-
AIFMD implications ‘far reaching’: PwC
AIFMD requirements on pay will have far reaching consequences for asset managers, says PwC.