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Goldman Sachs, RBS planning S Korea branch exits

By: Helen Burggraf | 19 Jun 2017

South Korea’s financial regulators last week approved plans by Goldman Sachs and the Royal Bank of Scotland to shut down their branch banking operations in South Korea,…

Indosuez WM in talks to acquire CIC’s Asia biz

By: Helen Burggraf | 16 Jun 2017

Indosuez Wealth Management, rebranded from Crédit Agricole Private Bank last year, has said that it has entered into “exclusive discussions” with Credit Industriel et Commercial  (CIC) to acquire CIC’s…

Singapore’s OCBC unveils new private banking biz in Indonesia

By: Helen Burggraf | 22 May 2017

The Oversea-Chinese Banking Corp, Singapore’s second largest lender, today unveiled a private banking business that will target wealthy individuals in Indonesia, as it continues to expand its operations across…

Gibraltar reacts to news of planned Newcastle Building Society branch closure

By: Helen Burggraf | 17 May 2017

The Gibraltar Government has reacted forcefully to news that Newcastle Building Society is planning to close the doors of its Gibraltar branch for good in October,  following an…

Guernsey Bank scheme promoter sought to acquire closing IoM bank

By: Helen Burggraf | 12 May 2017

Geoff Miller, who last year announced he was looking into the possibility of establishing a new bank in Guernsey, has revealed that he and two business partners…

Lombard Odier ‘to cut 1/3 of Gib workforce’: report

By: Helen Burggraf | 28 Apr 2017

Lombard Odier, the Swiss private bank, is to let 11 of its 33 staff in its Gibraltar outpost go, “in a cost-cutting move it insists is unrelated…

Aviva acquires 100% of its Vietnam JV shareholding

By: Gary Robinson | 21 Apr 2017

Aviva’s life insurance joint venture in Vietnam is set to become a 100% owned subsidiary of the company after it announced the acquisition of VietinBank’s entire 50% shareholding. In…

DeVere Group launches fintech banking app

By: Gary Robinson | 10 Apr 2017

DeVere Group has launched a new banking app, called the deVere Vault, that it claims will change how all international banking is conducted in the future. According to Nigel Green, founder…

Deutsche Bank’s London subsidiary fined (US$775m) for LIBOR manipulation

By: Gary Robinson | 29 Mar 2017

German banking giant Deutsche Bank and its UK subsidiary will pay another record fine, with US$775m the latest sum levied, for admitting that it rigged interest rates in a…

FCA’s Bailey defends incentivised ‘fat cat’ salaries in Hong Kong keynote

By: Gary Robinson | 16 Mar 2017

The head of the UK’s financial services regulatory watchdog has defended the need for appropriately incentivised high ‘fat cat’ City salaries, so long as they don’t impact negatively on the culture of financial…

The Big Reveal: The OECD’s Common Reporting Standard

By: Geoff Cook, Jersey Finance | 15 Mar 2017

 The Common Reporting Standard is a new global information reporting system, signed up to at this point by more than 100 countries and beginning to come into…

LGT eyes further acquisitions after strong profits

By: Gary Robinson | 14 Mar 2017

Liechtenstein’s LGT has said that it is will continue to look out for opportunities that can expand its business, after its net profit rose 9% last year to…

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