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Old Mutual shareholders to get $3.5bn from Nedbank spin-off

By: Pedro Gonçalves | 27 Sep 2018

South Africa’s Old Mutual said its shareholders would get about $3.52bn (50bn rand) from the spin-off of a majority stake in Nedbank and dividends. Old Mutual is…

BNY Mellon IM launches mobility innovation fund

By: Christopher Copper-Ind | 12 Sep 2018

BNY Mellon Investment Management today announced the launch of the BNY Mellon Mobility Innovation Fund – a thematic, long-only global equity fund will be available to retail,…

HSBC Singapore to roll out new banking solutions

By: Christopher Copper-Ind | 12 Sep 2018

HSBC Singapore is widening its education proposition through the imminent launch of several banking solutions. The move comes as an HSBC global report – also released today…

Liechtenstein-based Union Bank to become first blockchain investment bank

By: Pedro Gonçalves | 06 Sep 2018

Union Bank plans to become the world’s first fully regulated bank to issue its own security tokens. This will be followed by a Union Bank payment coin,…

Australia’s NAB scraps grandfathered commissions

By: Pedro Gonçalves | 03 Sep 2018

National Australia Bank (NAB) is following in the footsteps of other major Australian banks and has announced that NAB Financial Planning (FP) and NAB Direct Advice will…

Deutsche Bank to expand US wealth management division

By: Christopher Copper-Ind | 06 Aug 2018

Deutsche Bank is launching a mission to rapidly accelerate the growth of its wealth management arm in America, the company has announced. The German bank has confirmed…

Australia’s CBA accepts fourth fine over pension ‘advice’

By: Gary Robinson | 11 Jul 2018

Commonwealth Bank of Australia (CBA) has announced its fourth Enforceable Undertaking (EU) with the Australian financial watchdog regarding concerns that a number of customers may potentially have received…

Two Swiss private banks merge

By: Gary Robinson | 04 Jul 2018

Gonet & Cie SA and Mourgue d’Algue & Cie, two private banks based in Geneva, have decided to merge and entre a new phase of development in…

ANZ first major Australian lender to scrap financial planner bonuses

By: Gary Robinson | 08 May 2018

Australia’s Australia and New Zealand Banking Group (ANZ) has announced that it will quit paying bonuses to financial planners for selling its products, becoming the country’s first…

Singapore’s MAS consults on raising bar for individual accountability

By: Helen Burggraf | 01 May 2018

The Monetary Authority of Singapore is seeking industry feedback on a proposal to “strengthen individual accountability of senior managers, and raise standards of conduct in financial institutions”,…

Malaysia’s Maybank in talks to launch sharia-compliant operations in Dubai

By: Christopher Copper-Ind | 27 Apr 2018

Malaysia’s largest lender is in advanced talks with the UAE’s financial regulator to open offices in Dubai, according to a report in the Abu Dhabi-based The National…

Craig Barley named to head up Butterfield Trust (Bahamas)

By: Helen Burggraf | 25 Apr 2018

Bermuda-based Butterfield Trust (Bahamas) Ltd, a wholly owned subsidiary of the Bermuda-based Bank of NT Butterfield & Son Ltd, has named Craig Barley managing director, succeeding Timothy Colclough.…

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