ABOUT THE AUTHOR

Eugene Costello

Eugene Costello has been a journalist for some 20 years, and has written for a wide variety of UK and international newspapers and magazines.

Coutts forced to repay up to £400k over ‘bad advice’

By: Eugene Costello | 23 Nov 2017

Coutts, the RBS-owned UK private bank and wealth-management firm, has been ordered to pay compensation to couple who they wrongly advised to invest in an offshore bond…

No stamp of approval for Stanley Gibbons’ failed Guernsey investment vehicle

By: Eugene Costello | 23 Nov 2017

An unspecified numbers of investors but described as “hundreds” face uncertainty on the news that the Guernsey-registered investment subsidiary of well-known philately company Stanley Gibbons has gone…

Cyprus economic recovery peaks

By: Christopher Copper-Ind | 23 Nov 2017

Cyprus’s robust economic recovery has peaked, and is forecast to slow into 2018, according to analysts. Speaking at the 3rd Offshore Investment Conference in Cyprus, Fiona Mullen…

OMGI transfers £200m book of ISA and investment clients to Hargreaves Lansdown

By: Eugene Costello | 23 Nov 2017

Old Mutual Global Investors (OMGI) is to pull out of the offering Individual Savings Accounts (ISA) and investment accounts, and is recommending clients migrate cross to direct-to-investor provider of…

Budget: ‘Paradise Papers’ impact sees HMRC given more powers

By: Eugene Costello | 22 Nov 2017

As many had expected less than a month after the latest release of confidential documents obtained from an offshore law firm, UK chancellor Philip Hammond today unveiled…

Court defeat for US DoJ in Swiss banker trial

By: Eugene Costello | 22 Nov 2017

A former Swiss banker yesterday was acquitted in a Manhattan court of conspiracy to commit criminal tax evasion by helping US clients to hide funds and assets…

China in clamp-down on online micro-lenders

By: Eugene Costello | 22 Nov 2017

The People’s Bank of China (PBOC) yesterday took steps to rein in online micro-lending to individuals, a move that sent shares in US-listed Chinese lenders plummeting. The…

Tobam creates Bitcoin fund for qualified investors

By: Jonathan Boyd | 22 Nov 2017

Tobam, the independent manager originated in France, has announced it is launching an unregulated alternative investment fund (AIF) targeting institutional and qualified investors to access the cryptocurrency…

Jersey and IoM ministers express satisfaction with latest OECD report

By: Eugene Costello | 20 Nov 2017

Government ministers in the Isle of Man and Jersey said they were pleased with relevant findings contained in the latest report by the OECD’s Global Forum on Transparency…

HSBC settles French tax ‘fraud’ for €300m over ‘control weaknesses’

By: Eugene Costello | 17 Nov 2017

HSBC has paid €300m (£268m, US$354m) to settle a criminal investigation by French tax authorities into allegations that the bank’s Swiss subsidiary colluded with clients to help them…

Regulation of offshore trust business ‘overwhelming’ and driven by jealousy of the rich

By: Eugene Costello | 17 Nov 2017

The amount of regulation that governs the work of trust company businesses has now reached the point where it has become ‘overwhelming’, the chair of the industry…

UK gov’t spends £18m on largely ignored Pension Wise adverts

By: Eugene Costello | 17 Nov 2017

The government has spent £17.8m advertising its free Pension Wise service since 2014, the minister for pensions and financial inclusion has revealed, despite only 12% of eligible…

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