08/29/2023
Standard Chartered announces sale of its global aviation finance leasing business to AviLease
The Consideration is subject to adjustment with reference to the net asset value of the business at completion.
Legal,Regulation,Tax & Compliance
08/29/2023
Morgan Stanley loses int’l advisor duo to Raymond James in South Florida
Bryant Wright and client service associate Katie Boada are the latest team to leave the wirehouse for one of its rivals.
08/29/2023
UBS Drops Credit Suisse Lawsuit Against Zurich Financial Blog
The lawsuit, which attracted attention in the banking center, was filed by Credit last December at the Commercial Court in Zurich.
08/25/2023
Lazard Sweden managing director charged with aggravated bribery - reports
Gustaf Slettengren
08/24/2023
FSCS declares Dundee-based wealth manager in default
Chryson Wealth Management officially failed on 23 August
08/22/2023
The wealthy ‘golden visa’ British expats oblivious to the inheritance tax threat
Those moving abroad must cut almost all ties with Britain to avoid a hefty death duty bill
08/22/2023
‘Central banks cannot and will not lower interest rates’: Ihag CIO
Contrary to expected interest rate cuts within Europe and the US, Christoph Boner’s forecast for central banks is less optimistic.
08/18/2023
CS debtor Sanjeev Gupta doesn't care that much about billions of details
Sanjeev Gupta doesn't study contracts that closely
08/17/2023
MAS’ AML/CFT Inspections Put Wealth Management Firms on Notice
The inspections of wealth management FIs are part of MAS’ ongoing efforts to strengthen Singapore’s AML/CFT regime.
08/17/2023
FINMA, CONSOB and Banca d’Italia sign cooperation agreement
This agreement establishes a formalised framework for cooperation and exchange of information between the three authorities
08/17/2023
Basler Kantonalbank joins Amas after ‘significant’ expansion
It is the third cantonal bank to join the association this year.
08/15/2023
UBS resolves RMBS matter with US Department of Justice
UBS has reached an agreement with the United States Department of Justice (DOJ)
08/15/2023
UBS to pay $1.4bn to settle fraud claims from 2008 crisis
The bank had previously sought to have the case dismissed, saying prosecutors had not presented evidence of any intentional fraud.
08/14/2023
Credit Suisse Shareholders File Suit in Zurich Court
More than 500 people are behind the lawsuit. Shareholders had suffered heavy losses when the bank was rescued by UBS in March.
08/09/2023
New FCA rules create a challenge for wealth managers
New consumer duty regulations could bring significant upheaval
08/09/2023
Finma License: «At times, the burden was very high»
But the road was long and rocky. «We started the Finma process in June 2022, so it took a total of almost 14 months,» Wicki told finews.com.
08/08/2023
GAM bidding dispute: Allianz strikes another snag
But now that is also being argued about.
08/08/2023
Greensill debacle could cost Swiss insurers hundreds of millions
This was after Greensill received no insurance cover for loans to companies and the major Swiss bank had to forcibly close its Greensill funds with assets of over 10 billion dollars.
08/02/2023
Hong Kong shifting landscapes of philanthropy and how family plays a part in it
With so much wealth accumulated within the region, many HNWIs turn to philanthropy as a means to support causes and help communities in lack.
08/01/2023
Boodle Hatfield achieves best financial results in its 300 year history
Over the last six years the firm has averaged an annual increase of 6% in revenue and a 12% increase in profit.