Legal Archives - Page 46 of 211 - Managers of Wealth

Credit Suisse unit ordered to pay Georgian tycoon Ivanishvili US$743 mil

September 20, 2023

A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili US$742.7 million ($1.01 billion) by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s assets. The amount was revised down from the US$926 million assessed by the court in May. At the time, the court […]

Legal

HMSA joins the 16% of applicants who have a Finma trustee licence

September 20, 2023

Geneva-based HMSA has been authorised as a trust company by Finma. HMSA said that the authorisation process was demanding and complex. The deadline for companies to apply under the new regulations was the end of last year, although a small number had extensions. However, of the 387 companies that notified Finma in […]

Legal

Standard Chartered and Dubai Department of Economy and Tourism sign Cooperation Agreement to promote business opportunities between Hong Kong and Dubai

September 18, 2023

Standard Chartered and the Dubai Department of Economy and Tourism will also set up a joint working group to discuss about how to achieve these objectives.

Legal

China police detain some Evergrande wealth management staff

September 18, 2023

The police said the investigation into the financial management unit was ongoing and urged investors to report any further financial crimes.

Legal

SER opens investigation against Banque Cantonale du Valais (Walliser Cantonal Bank)

September 15, 2023

The alleged violation concerns regulations on ad hoc publicity and is related to the disclosure of price-relevant facts.

Legal

Why the FCA could be restricting Raymond James

September 15, 2023

Dodgy tech systems, concerns over suitability, scrutiny over client cash controls, and anxiety over Raymond James’s ‘flexible’ model may have fed into the FCA’s restrictions.

Legal

How the PUK Became a Bad Bank for Regulation

September 13, 2023

National Councilor and parliamentary group president Thomas Aeschi of the SVP directed a barb on the topic of Credit Suisse at FDP president Thierry Burkart.

Legal

Societe Generale and Brookfield partner to launch a EUR 10 billion private debt fund

September 12, 2023

The seed fund will focus on two strategies

Legal

Carey Olsen pair named NextGen Leaders by eprivateclient

September 12, 2023

The NextGen Leaders list, which replaces eprivateclient's prestigious annual UK and UK Crown Dependencies Top 35 Under 35, recognises outstanding professionals working in the legal and finance sectors

Legal

JPMorgan Chase, Goldman Sachs, UBS and Morgan Stanley Agree To Pay $499,000,000 Over Anti-Competitive Accusations

September 11, 2023

The pension funds accuse the banks of trying to corner the market with their own system called EquiLend, while hindering the development of new platforms that would execute the borrowing and lending of electronic securities.

Legal

Nordea AM Secures Singapore License

September 8, 2023

The new hub will also be integrated with NAM’s «ESG-focused internal investment boutiques as well as its portfolio managers covering equities, fixed income and multi-asset investments».

Legal

Woodford investors could get £200m compensation in early 2024

September 8, 2023

Link Fund Solutions lays out the timetable for a final compensation programme for investors trapped in the Woodford Equity Income, subject to a likely December vote.

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