FSA fines Prudential £30m and censures CEO over failed AIA bid

Prudential failed to deal with the FSA in an open and cooperative manner when it was seeking to acquire AIA in early 2010, because it did not inform the FSA of the proposed acquisition until after it had been leaked to the media on 27 February 2010.


FSA fines IFA firm £56,000

The Manchester-based firm advised 98 clients to invest a total of £3.1m in Keydata’s life settlement products between September 2005 and April 2009.


BNP Paribas expands its global set-up for AIFMD

To better service its clients ahead of AIFMD, BNP Paribas continues to ramp up its global offering to better support asset managers and institutional clients throughout this latest implementation phase.


U.S. Seeks Answers in Liechtenstein on Tax Cheats

“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter


Swiss banks face US Libor lawsuit

The London Interbank Offered Rate (Libor) is used as a reference point for mortgages and other trades worth around $300 trillion