All articles by Verdict Staff
Verdict Staff
BCS receives FCA authorisation to launch in UK
BCS Prime Brokerage, an independent Russian financial institution, has been granted UK regulatory authorisation by the Financial Conduct Authority (FCA), to deal and advise on investments and hold client assets, this marks the official launch of its international brokerage business.
China Everbright Bank and Sun Hung Kai Financial sign off cross-border cooperation deal
Sun Hung Kai Financial has entered into a long-term strategic cooperation agreement with China Everbright Bank in Beijing to enable the lender’s high net worth (HNW) customers to have access to SHKFs broad and financial services platform.
Jersey court dismisses first ever appeal under TIEA regulations
The Royal Court of Jersey has dismissed the first ever appeal brought as a consequence of a request for information under a Tax Information Exchange Agreement (TIEA).
BNP Paribas Wealth Management launches Next Generation Programme for the seventh year
BNP Paribas Wealth Management has launched its Next Generation Programme for the seventh year on 19 and 20 June 2013 in Hong Kong.
Swiss Government may issue executive order to allow banks to share data with US
In a last-ditch attempt the Swiss government may issue an executive order allowing its banks to pass on data to US authorities, according to Reuters.
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Apfa urges advisers to prepare for new capital requirements
The Association of Professional Financial Advisers (Apfa) has urged firms without the capital to start preparing now for the new capital requirements being phased in from the end of 2013.
Bank of Tokyo Mitsubishi fined US$250 million for money laundering failures in US
New York’s banking regulator has fined Bank of Tokyo Mitsubishi-UFJ (BTMU) US$250 million for laundering billions of dollars in transactions that violated economic sanctions against countries including Iran, Sudan, and Myanmar.
Santander to base global asset management business in London: report
Spanish banking major Santander will base its global asset management business in London, following last month’s deal to sell half the business to US private equity firms, according to Reuters.
Legal & General launches new growth deposit bond
Legal & General (L&G) has launched a Six Year Growth Deposit Bond 21, which opens for investment for eight weeks from 24 June onwards and closes on 9 August 2013.
EU out-votes Britain to cap bankers bonuses
From 2015, bankers bonuses will be capped at a maximum of double their salary, as the EU Council has pushed through the plan despite opposition from the UK.