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China ‘to name market reformer’ as next central bank governor

By: Eugene Costello | 20 Oct 2017

China is set to name a liberal pro-market Anglophile as the next central bank governor, replacing Zhou Xiaochuan upon the latter’s retirement from a post he has held…

Isle of Man banks to tighten up on ring-fencing

By: Eugene Costello | 20 Oct 2017

Banks that have branches or subsidiaries on the Isle of Man are to adopt UK ring-fencing regulations to ensure that the security that customers enjoy on the…

HSBC and Standard Chartered dragged into South Africa corruption case

By: Eugene Costello | 19 Oct 2017

The rumbling scandal about alleged corruption and bribery in South Africa involving the country’s president Jacob Zuma and the powerful Gupta family has embroiled British banks Standard…

Barclays Smart Investor customers said to be ‘angered’ by payout delays

By: Eugene Costello | 06 Oct 2017

Some customers that have migrated to Barclays’ online investment platform Smart Investor have complained of delays in receiving their dividends, the bank has confirmed to International Investment.…

Goldman Sachs eyes post-Brexit future with hefty Frankfurt office expansion

By: Eugene Costello | 05 Oct 2017

Goldman Sachs has taken out a lease on office space in a new tower block under construction in Frankfurt for as many as 1,000 employees, ahead of…

UBS whistle-blower describes raids in Frankfurt as part of ‘same old story’

By: Eugene Costello | 29 Sep 2017

Brad Birkenfeld, who famously exposed UBS tactics that were helping high-net-worth-individuals in the US with tax evasion, has questioned UBS’s assertion that it had nothing to hide…

German prosecutors raid UBS offices in Frankfurt

By: Eugene Costello | 28 Sep 2017

German prosecutors have carried out searches of UBS premises in Frankfurt as part of a wider investigation into possible tax evasion by up to 2,000 clients of…

DeVere adds 22 currencies and transfer feature to e-money app

By: Gary Robinson | 26 Sep 2017

The deVere Vault has added 22 new currencies and a new feature to enable third party transfers, via its global e-money app. As a result of the…

CBA eyes offload of asset management business

By: Eugene Costello | 22 Sep 2017

Hard on the heels of offloading its life insurance business to Hong Kong-based AIA for A$3.8bn as reported, Commonwealth Bank of Australia (CBA) is looking to divest…

CBA insurance business sale makes AIA region’s biggest

By: Eugene Costello | 21 Sep 2017

Hong Kong based AIA is to acquire Commonwealth Bank of Australia’s life assurance businesses throughout Australia and New Zealand for A$3.8bn (US$3bn), making it the largest life…

Dept of Justice targets Swiss Life over ‘tax evasion’ by US clients

By: Eugene Costello | 15 Sep 2017

Swiss Life could face possible fines in the US after it was approached by the Department of Justice (DOJ) over its cross­ border business with US clients,…

PEOPLE MOVES: Franklin Templeton, TOBAM

By: Eugene Costello | 14 Sep 2017

Franklin Templeton Investments has appointed Avinash Satwalekar as country head and chief executive of its Malaysia operation, the California-based asset management behemoth has announced. Satwalekar (pictured left) joins…

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