Wealth and Asset Management

Standard Chartered PLC – full-year and fourth quarter 2020 results

Van Lanschot Kempen: net profit at €50 million and 13% growth in client assets

St. James's Place annual results announcement 2020

UBS Is Said to Consider Sale of Spanish Wealth-Management Unit

EFG International reports full-year 2020 results

UK's Lloyds targets wealth push and office cuts after profit drop

Executive Moves

Christoffer Abramson new CEO and President at Catella AB (publ)

Investec Wealth makes senior appointments as London head departs

Richard Denning appointed Ascentric CEO

Ex-JB markets head joins fintech’s board of directors

Gabriel Brenna appointed new Group CEO of LLB Group

Lawson Conner, part of IQ-EQ, names new Managing Director

Legal, Regulation & Compliance

Financial Regulation: Daily Update

FCA returns funds to victims of unauthorised deposit taking and collective investment schemes

FCA responds to High Court decision to stay proceedings in enforcement case

German accounting watchdog head to step down in wake of Wirecard scandal

Fideuram Intesa Sanpaolo Private Banking: Agreement For State Street To Serve As Depositary Bank And Fund Administrator

Financial Regulation: Daily Update

FinTech

DZ Bank picks Surecomp for trade finance digitisation

Raiffeisen Bank International Partners with AxeTrading

WealthTech Views Report: Looking into 2021

Bordier & Cie SCmA to offer cryptocurrencies to their customers* via Sygnum

Covid-19 has accelerated the digitalization of the global Wealth Management sector and this trend is expected to continue in 2021

European banks seek technical partners to help build rival to Visa and Mastercard

Alternative Investments

Property fund increases target to £300m as founder eyes abundance of distressed assets

Spanish Central Bank proposes robust EU deposit guarantee fund

Sustainable Investment: Federated Hermes' Kamhi on sustainable wealth creation and where the industry needs to move quicker

FundRock appointed ManCo for newly launched Chimera UCITS ICAV

Stamp duty holiday extension is music to the housing market's ears by Karen Noye, Quilter

UK platforms demand greater access for retail investors in IPOs

Investment Banking

Lloyds boosted by sharp fall in bad loan provisions

RBS International announces 2020 annual results

Barclays bank profit tumbles 38p

EBRD provides US$ 100 million loan to Turkey’s Denizbank

Barclays delivers dividend payout despite profits fall

Bankers mull quitting as Brexit and Covid stress means ‘much longer hours’

Comment, Analysis & Research

London has more dollar millionaires than New York

Has tech had its day in the sun or is there now a buying opportunity? Nick Wood, Head of Fund Research at Quilter

Rising to the challenge by Susan Stevenson, Investment Director, Rathbones

UK companies pressed to appoint more women executives

European financial institutions estimated to lose over €5bn every year on customer acquisition

Mysterious exits at private bank after spate of hiring

Tax

Weekly Tax Brief

EU adds Dominica to tax non-compliance list

COVID-19 and regulatory uncertainty spur greater tax risk for organizations in 2021 and beyond, EY survey finds

Luxembourg: Circular regarding "prime participative" issued

Cypriot tax system makes Ukrainian firms an offer they can’t refuse

VAT cut for green UK businesses could aid COVID-19 recovery

Retail Banking

Commerzbank to lose 1.7 million clients by 2024 - Welt am Sonntag

Banks are back with handouts to lure in new customers

ING to leave Czech retail banking market by end-2021

Raisin and Aviva launch savings partnership

NatWest posts pre-tax loss of £351m and announces exit from Ireland

If Ulster Bank leaves, consumers will be the big losers

Pensions

Irresistible? Pension funds plot move on China's $16trln bond market

Pension savers could save over £140,000 by consolidating pension pots

Quarter of women waive pension rights in divorce

Ideas for reducing pension costs in the UK

Good things do not always come in small packages, particularly pensions

UK publishes data standards for pensions dashboard

Brexit

More 'Brexit' companies shift to the Netherlands as uncertainty persists

Britons trying to make overseas payments find them blocked after Brexit as some European firms refuse to accept transfers from UK accounts

Brexit and Financial Services: 2021 Update

UK government plans post-Brexit reform of investment industry

Brexit: Government considers scrapping some EU labour laws

City of London High-Flyers Get Ready to Migrate

Planet SOS

Handelsbanken introduces sustainability goals – net zero emissions by 2040

London regains top spot in Schroders Global Cities Index after climate change response boosts ranking

Jupiter commits to net zero by 2050 across £56bn investment portfolio

New fund proposition creates strategic investment opportunity

Human rights and climate crisis give HSBC an image problem

The Developing Regulatory Approach to Climate Change and the Importance for Financial Services

Covid-19

Bankers mull quitting as Brexit and Covid stress means ‘much longer hours’

Workplace Stress During COVID-19: 5 Ways to Support Your Employees’ Mental Well-being

UK targets dormant wealth and pensions to aid virus recovery

Banks brace themselves for impact of Covid pandemic

Britain Hit By Virus Travel Bans As US Reaches Stimulus Deal

Deutsche Bank raises prospect of moving half its New York staff