Indian diaspora will benefit local wealth managers
India is known for having the largest diaspora population in the world. However, what is most important for wealth managers…
ByMonth: May 2017
Bank of Ireland fined €3.15m for breaching AML and terrorist financing rules
The Central Bank of Ireland has fined the Bank of Ireland (BOI) €3.15m over anti-money laundering (AML) and terrorist financing…
ByRBC and NAB invest in fintech firm Wave
The Royal Bank of Canada (RBC) and the National Australia Bank (NAB), amongst other investors, have joined a $24m funding…
ByCredit Suisse launches advisory office in Mexico
Swiss banking giant Credit Suisse has set up a new advisory office in Mexico City to further bolster its presence…
Ireland to offload a quarter of its stake in Allied Irish Banks
The Irish government has decided to sell 25% of its 99.9% stake in Allied Irish Banks through an initial public…
Deutsche Bank fined $41m in US over money laundering control failures
Deutsche Bank has agreed to pay a $41m penalty to the US Federal Reserve to settle allegations for lapses in…
Aviva Investors forms investment sales team in London
Aviva Investors has created an investment sales team in London to cater to intermediary clients in the UK. The new…
Australian securities regulator to set up regtech body
The Australian Securities and Investments Commission (ASIC) has revealed plans to create a liaison group to encourage regulatory technology (regtech)…