The European Banking News Network http://eubankers.net/ Sat, 19 Jan 2019 05:06:02 GMT part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png The European Banking News Network KohanaPHP Ukraine's PrivatBank expects court appeal against former owners t News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68481/ukraineamp039s-privatbank-expects-court-appeal-against-former-owners-t Supervisory board chief Engin Akcakoca told Reuters he expected the appeal “to be over this year”. Wealth and Asset Management Pru Life UK to launch asset management unit within the year News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68493/pru-life-uk-to-launch-asset-management-unit-within-the-year The asset management unit of Pru Life UK will likely offer products such as unit investment trust funds as well as equity-laced funds to serve customers across all risk appetites. Wealth and Asset Management Santander opens flagship private banking, select and business customer lounge News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68497/santander-opens-flagship-private-banking-select-and-business-customer-lounge Santander has opened what it called its flagship lounge for Santander Private Banking, Select and Business customers in Piccadilly, London. Wealth and Asset Management SG Wealth achieves chartered status News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68444/sg-wealth-achieves-chartered-status East Anglia-based IFA SG Wealth Management has been awarded chartered financial planner status. Wealth and Asset Management Top Take-Aways from Sanlam’s Inheritance Seminars Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68456/top-take-aways-from-sanlamamprsquos-inheritance-seminars Perhaps most shocking is the statistic that 50% of Brits over the age of 45, those most likely to have dependents, also die intestate. Wealth and Asset Management Charles Stanley income rises on advice revenue News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68460/charles-stanley-income-rises-on-advice-revenue Total income for the year to the end of December was £115m, compared with £111m under the same measure in 2017. Wealth and Asset Management Wealth planning needs of internationally mobile clients News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68380/wealth-planning-needs-of-internationally-mobile-clients Identify what impact regulation will have and the concerns and goals of the next generation of HNWIs. Wealth and Asset Management Citigroup’s private banking arm advises clients against pound trade News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68383/citigroupamprsquos-private-banking-arm-advises-clients-against-pound-trade Looming Brexit vote likely to see sterling volatility rocket Wealth and Asset Management HSBC Private Banking announces partnership with AllBright News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68385/hsbc-private-banking-announces-partnership-with-allbright The partnership demonstrates HSBC Private Banking’s commitment to fostering more diversity within their organisation, as well as supporting entrepreneurs and family offices across the world, a statement from the bank has said Wealth and Asset Management Banque Cramer acquires Ticino asset manager Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68398/banque-cramer-acquires-ticino-asset-manager The transaction will deploy its effects retroactively as of 31 December 2018. Wealth and Asset Management Citigroup names new chief executive in EMEA News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68496/citigroup-names-new-chief-executive-in-emea David Livingstone is a seasoned investment banker who has previously worked at Credit Suisse, HSBC and Goldman Sachs Executive Moves Morgan Stanley's ex-head of London IG trading quits as Brexit makes banking "miserable" News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68498/morgan-stanleyamp039s-ex-head-of-london-ig-trading-quits-as-brexit-makes-banking-ampquotmiserableampquot The uncertainty surrounding Brexit doesn't help, says Mahony, and nor do the costs to individuals of moving to Europe. Executive Moves Man GLG appoints three portfolio managers in London and Hong Kong Ana Hall Friday, January 18, 2019 12:00 am http://eubankers.net/article/68505/man-glg-appoints-three-portfolio-managers-in-london-and-hong-kong Longcroft will be based in Hong Kong and focus on technology, media and telecoms. Executive Moves Houlihan Lokey Announces Two Senior Hires Kris Borres Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68449/houlihan-lokey-announces-two-senior-hires Firm hires Christian Keller as Managing Director to lead DACH Financial Sponsors coverage; and Ann Sharkey as Managing Director in London covering hedge funds, alternative investors and financial institutions Executive Moves Natixis IM increases northern Europe drive with new hire News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68446/natixis-im-increases-northern-europe-drive-with-new-hire The job is based in London and Benton reports to Oliver Bilal, global head of sales and marketing. Executive Moves Allfunds hires three senior executives in bid of expansion Kris Borres Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68448/allfunds-hires-three-senior-executives-in-bid-of-expansion "Allfunds is in the process of transformation, of constant change and expansion - enhancing our offering to both our distribution clients and the fund management industry. Executive Moves Kate Bolsover to chair bruised Invesco bond fund board News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68435/kate-bolsover-to-chair-bruised-invesco-bond-fund-board Accompanying Bolsover is Christine Johnson, former head of fixed income at Old Mutual Global Investors, who joins the board in her first investment company role. Executive Moves BNP Paribas Asset Management appoints Country Sales Head for France Ana Hall Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68450/bnp-paribas-asset-management-appoints-country-sales-head-for-france He will report to Fabien Madar, Co-Head of Distribution Europe. Executive Moves Family office appoints director of wealth planning Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68459/family-office-appoints-director-of-wealth-planning Boswell will be based in London and report to Susie Hillier, Head of Wealth Planning. Executive Moves Swiss Life Asset Managers makes Germany push with new CEO Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68478/swiss-life-asset-managers-makes-germany-push-with-new-ceo In this newly created position she is responsible for the development of the Swiss Life Asset Managers business strategy and organisation in Germany. Executive Moves ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68482/ecb-concerned-by-reports-spanish-bank-bbva-hired-firm-to-spy-in-2004-sources The source said the ECB would not be able to take any action because the officials in charge at the Legal, Regulation & Compliance Italy's Carige could get green light for state-backed bond issue soon: minister News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68483/italyamp039s-carige-could-get-green-light-for-state-backed-bond-issue-soon-minister The move marked a major about-face by Italy’s ruling coalition, which has criticized previous governments for intervening to help troubled banks. Legal, Regulation & Compliance Royal Bank of Scotland outlines plan to reduce taxpayer stake News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68487/royal-bank-of-scotland-outlines-plan-to-reduce-taxpayer-stake Shareholders in the bank will vote on the special resolution on February 6. Legal, Regulation & Compliance Germany steps up work on potential Deutsche-Commerzbank tie-up News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68489/germany-steps-up-work-on-potential-deutsche-commerzbank-tie-up Finance ministry asks for regulator’s analysis of a merger between major lenders Legal, Regulation & Compliance New EU rules electrify fixed income trading volumes: survey News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68491/new-eu-rules-electrify-fixed-income-trading-volumes-survey Credit volumes on electronic platforms jumped 39 percent to $4 billion over the same period, it found. Legal, Regulation & Compliance Lloyds secures Berlin bank licence as part of Brexit preparations - source News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68499/lloyds-secures-berlin-bank-licence-as-part-of-brexit-preparations-source With only 71 days to go until the planned March 29 departure, Britain’s banks are forging ahead with plans to ensure they can keep serving customers in the EU Legal, Regulation & Compliance 2019 Financial Services Policy Outlook News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68502/2019-financial-services-policy-outlook Chairwoman Waters sees it as her mission “[t]o bring accountability to the Trump administration and the regulatory agencies under the Committee’s jurisdiction, including the Consumer Financial Protection Bureau” (CFPB). Legal, Regulation & Compliance A supervisory perspective on 2019 and beyond Ana Hall Friday, January 18, 2019 12:00 am http://eubankers.net/article/68510/a-supervisory-perspective-on-2019-and-beyond When Brexit happens it will bring considerable changes for banks, markets and supervisors in more ways than one. Legal, Regulation & Compliance New compliance facility introduced for diverted profits tax News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68512/new-compliance-facility-introduced-for-diverted-profits-tax Guidance has been issued on how to use the facility Legal, Regulation & Compliance Seven awkward questions Mitzi Limlengco Friday, January 18, 2019 12:00 am http://eubankers.net/article/68513/seven-awkward-questions This is entirely appropriate, but is not the same as saying we should have a weak prudential regime for smaller firms Legal, Regulation & Compliance More FinTech M&A Ahead News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68495/more-fintech-mampampa-ahead Consolidation will increase as more buy-side firms remove overlapping technology platforms and simplify IT infrastructure for more efficient straight-through processing. FinTech GDPR a significant driver in adviser tech adoption, says Intelliflo News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68503/gdpr-a-significant-driver-in-adviser-tech-adoption-says-intelliflo The service has been available since 2015 but it was the introduction of the strict new GDPR rules which has had the biggest impact in terms of advisers engaging with customers to use the portal. FinTech Avaloq doubles London office space Ana Hall Friday, January 18, 2019 12:00 am http://eubankers.net/article/68504/avaloq-doubles-london-office-space The firm’s new City of London office comes after the London team has already doubled in size over the past year and provides sufficient space for further growth. FinTech New online portal for mutual societies Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68443/new-online-portal-for-mutual-societies Societies can also retrieve certain documents from the portal for free, which there was previously a charge for. FinTech ABN Amro introduces wearable payments Ana Hall Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68451/abn-amro-introduces-wearable-payments Customers can buy Garmin, Mondaine and Olympic watches, as well as keyrings and bracelets from Laks and rings from K-ring that have Mastercard-certified payment chips. FinTech ESG and Impact Investing Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68470/esg-and-impact-investing ESG has become a permanent feature of global asset management. FinTech AFTAs 2018: Best Risk Management Initiative—Barclays Investment Bank News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68389/aftas-2018-best-risk-management-initiativeampmdashbarclays-investment-bank The growth of Delphi within Barclays has been impressive, with a demand list of over 100 further types of exceptions for on boarding. FinTech Management and technology consultancy firm launches solution for compliance with the new SFTR reporting obligation Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68396/management-and-technology-consultancy-firm-launches-solution-for-compliance-with-the-new-sftr-reporting-obligation The European Commission approved the final implementation standards of the European Securities and Markets Authority (ESMA) on December 13, 2018. FinTech Bank Leumi (UK) selects Volante Technologies Ana Hall Tuesday, January 15, 2019 12:00 am http://eubankers.net/article/68342/bank-leumi-uk-selects-volante-technologies Benefiting from Volante’s one-stop-shop for PSD2 compliance and Open Banking FinTech HSBC suggests it might have found a... use for blockchain? News Aggregation Team Tuesday, January 15, 2019 12:00 am http://eubankers.net/article/68364/hsbc-suggests-it-might-have-found-a-use-for-blockchain Says it used tech to settle 3 million forex transactions, $250k in payments last year FinTech Nearly half of Brits expect worse financial crash than 2008 News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68484/nearly-half-of-brits-expect-worse-financial-crash-than-2008 Wealth management boss warns ‘2019 already looks set to be a challenging year for investors’ Alternative Investments BlackRock and peers defend new method for trading shares in Europe News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68492/blackrock-and-peers-defend-new-method-for-trading-shares-in-europe So-called periodic auctions are under scrutiny for allegedly being used to circumvent new trading rules Alternative Investments Aviva turns to Aberdeen Standard and BlackRock for property hires News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68508/aviva-turns-to-aberdeen-standard-and-blackrock-for-property-hires Asset manager says more appointments will be announced this year at £20bn division Alternative Investments Direct Life joins PDG News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68509/direct-life-joins-pdg ‘To better the insurance industry and improve customer outcomes’ Alternative Investments Aberdeen Standard takes $13m stake in life insurer News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68429/aberdeen-standard-takes-13m-stake-in-life-insurer Digitally-focused insurance company eyeing south-east Asia expansion Alternative Investments Russian sovereign wealth fund to boost deals with Saudi Arabia News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68445/russian-sovereign-wealth-fund-to-boost-deals-with-saudi-arabia The fund said last month it was considering investing in Novatek’s Arctic LNG project with Saudi Aramco. Alternative Investments LME progresses new product plans as price providers are announced Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68461/lme-progresses-new-product-plans-as-price-providers-are-announced The suite of new products has been designed to enhance the LME’s existing offering and to expand into adjacent markets. Alternative Investments Why UK should still appeal to Gulf investors despite Brexit doubts News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68378/why-uk-should-still-appeal-to-gulf-investors-despite-brexit-doubts Savills says value remains in the British market for Middle East based real estate investors Alternative Investments Swiss Re hit by $1bn cat losses in Q4 News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68390/swiss-re-hit-by-1bn-cat-losses-in-q4 Swiss Re anticipates claims from the Camp and Woolsey fires in California to be $375 million. Alternative Investments RBC I&TS extends position in Sweden Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68397/rbc-iampampts-extends-position-in-sweden For this new product, they were looking for an experienced and strong partner both in the Nordic market and in Luxembourg, able to deliver tailor-made solutions to support their long-term growth. Alternative Investments BofA’s Moynihan confirms plan to hire investment bankers News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68480/bofaamprsquos-moynihan-confirms-plan-to-hire-investment-bankers The bank will focus on expanding coverage in the US, but also hire bankers in Europe, chief executive says Investment Banking OTP Bank closes acquisition of Societe Generale’s Bulgarian business News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68485/otp-bank-closes-acquisition-of-societe-generaleamprsquos-bulgarian-business The integration process is scheduled to be wrapped up next year. Investment Banking SocGen's Trading Slide Adds to Setbacks for French Banks News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68486/socgenamp039s-trading-slide-adds-to-setbacks-for-french-banks Bank expects revenue hit, charge for disposal of units Investment Banking Andrea Orcel’s move from UBS to Santander falls through News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68490/andrea-orcelamprsquos-move-from-ubs-to-santander-falls-through A new signing proves too pricey Investment Banking Santander bank announces next charity partner News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68506/santander-bank-announces-next-charity-partner A staff vote plumps for the Alzheimer's Society for the next three years Investment Banking Lloyds Banking Group to lend £18bn to UK businesses News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68434/lloyds-banking-group-to-lend-amppound18bn-to-uk-businesses The funds will be used to support start-ups and small business looking to grow. Investment Banking German government sounds out bank supervisors on bank merger: report News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68381/german-government-sounds-out-bank-supervisors-on-bank-merger-report Commerzbank, BaFin and the Finance Ministry declined to comment. Investment Banking Expecting a Huge Payout, Investment Banker Loses His New Job Instead News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68388/expecting-a-huge-payout-investment-banker-loses-his-new-job-instead Mr. Orcel had spent the past seven years at UBS, heading investment banking, but resigned after Santander said it was hiring him. Investment Banking The great irony of the Brexit vote and this year's banking bonuses News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68391/the-great-irony-of-the-brexit-vote-and-this-yearamp039s-banking-bonuses The same year, Morgan Stanley paid 322 people in its institutional securities business an average of £118k ($151k) in cash bonuses. Investment Banking VTB cuts 100 staff in London as US and EU sanctions bite News Aggregation Team Tuesday, January 15, 2019 12:00 am http://eubankers.net/article/68330/vtb-cuts-100-staff-in-london-as-us-and-eu-sanctions-bite Russian bank says it has relocated some employees to Frankfurt, citing sanctions and Brexit Investment Banking Stairway to digital heaven: when transformation crosses platform Kris Borres Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68426/stairway-to-digital-heaven-when-transformation-crosses-platform One may think that going digital means getting digital tools, configuring them and click a button. Comment, Analysis & Research ‘Tech and touch’: The future of asset management Kris Borres Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68427/amplsquotech-and-touchamprsquo-the-future-of-asset-management The changing nature of customer expectations and how balancing technology with bespoke face-to-face advice will separate the good advisers from the best ones. Comment, Analysis & Research Prime property hotspots revealed News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68431/prime-property-hotspots-revealed HNWs also want larger living spaces, energy efficiency and faster broadband as well as unique features, good transport links and infrastructure – schools, a GP surgery, boutiques, restaurants and other retail space. Comment, Analysis & Research Global High Net Worth Millionaires Hold Over $61 trillion in Combined Wealth Ana Hall Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68432/global-high-net-worth-millionaires-hold-over-61-trillion-in-combined-wealth Wealth-X Leverages Recent Data Expansion to Reveal Detailed HNW Analysis in New Report Comment, Analysis & Research VP Bank Investment Outlook for 2019 Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68436/vp-bank-investment-outlook-for-2019 Investors to mitigate risk as global economy paints a picture of uncertainty Comment, Analysis & Research May’s latest win to boost the pound, FTSE and UK financial assets Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68437/mayamprsquos-latest-win-to-boost-the-pound-ftse-and-uk-financial-assets Mrs May won 325 to 306 votes. Comment, Analysis & Research Financial crisis and housing crash expected for 2019 News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68453/financial-crisis-and-housing-crash-expected-for-2019 Nearly half of UK consumers expect 2019 to bring a financial crash that is worse than 2008 Comment, Analysis & Research Nearly half of consumers expect a financial crash worse than 2008 this year Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68458/nearly-half-of-consumers-expect-a-financial-crash-worse-than-2008-this-year The study, conducted by independent survey company Censuswide asked 1,000 members of the UK public about their views on the economic outlook for 2019. Comment, Analysis & Research London Stock Exchange Group Launches 'Companies to Inspire Africa 2019' Report Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68474/london-stock-exchange-group-launches-amp039companies-to-inspire-africa-2019amp039-report The ‘Companies to Inspire Africa’ report makes an essential contribution to closing this "middle market" gap. Comment, Analysis & Research 'How evil can you be?': Nordic selectors' take on ESG developments News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68386/amp039how-evil-can-you-beamp039-nordic-selectorsamp039-take-on-esg-developments The whole ESG story is a blessing and a curse for Bertramsen, who sees positive results in the long run but faces confusion at the moment due to the wide range of definitions in use. Comment, Analysis & Research UK signs new Israel tax agreement to boost investment News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68500/uk-signs-new-israel-tax-agreement-to-boost-investment A new agreement signed on (17 January) with Israel is set to boost investment between the UK and the Middle Eastern country. Tax Italy’s 2019 budget law introduces new digital services tax News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68511/italyamprsquos-2019-budget-law-introduces-new-digital-services-tax The budget law introduces a new digital services tax (DST) to replace the DST that was proposed under the 2018 budget law but that never became effective. Tax Government warned of dangers in digital tax News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68473/government-warned-of-dangers-in-digital-tax The OTS offered the example of self-driving cars, asking the question of who was responsible between the owner, passenger, manufacturer or software developer should the vehicle be involved in an accident. Tax Health secretary in talks with chancellor over pensions tax relief News Aggregation Team Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68387/health-secretary-in-talks-with-chancellor-over-pensions-tax-relief “The Secretary of State for Health has just inherited the biggest single cash injection the health service has ever had. Tax UK tax on offshore intangibles: 'serious' compliance issues Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://eubankers.net/article/68424/uk-tax-on-offshore-intangibles-amp039seriousamp039-compliance-issues The new income tax charge on offshore receipts in respect of intangible property (ORIROIP) was announced in October's budget and is due to apply from 6 April 2019. Tax Andersen Global Expands Luxembourg Offerings Ana Hall Friday, January 11, 2019 12:00 am http://eubankers.net/article/68267/andersen-global-expands-luxembourg-offerings CM Law is the tenth firm to join forces with Andersen Global in Europe since the start of 2018. Tax Ireland needs to prepare for future and give US firms reasons to stay News Aggregation Team Friday, January 11, 2019 12:00 am http://eubankers.net/article/68284/ireland-needs-to-prepare-for-future-and-give-us-firms-reasons-to-stay Predicting that "it won't last for another 20 years", he said Ireland needed to create "more value added" and give the multi-nationals "another reason to stay". Tax Time to venture into venture capital trusts News Aggregation Team Friday, January 11, 2019 12:00 am http://eubankers.net/article/68279/time-to-venture-into-venture-capital-trusts One of the last relatively straightforward and tax-efficient investments left is a venture capital trust. Tax Shaw Gibbs merges with Pearson Bucholz Mitzi Limlengco Thursday, January 10, 2019 12:00 am http://eubankers.net/article/68255/shaw-gibbs-merges-with-pearson-bucholz Lynne Buchholz, Managing Director of Pearson Buchholz said “This is a great opportunity to add value for our clients with enhanced capabilities. Tax Many caught in tax avoidance scheme await final settlement News Aggregation Team Monday, January 07, 2019 12:00 am http://eubankers.net/article/68124/many-caught-in-tax-avoidance-scheme-await-final-settlement Around 60% of people affected yet to receive calculations from HMRC Tax RBS buys stake in technology start-up News Aggregation Team Tuesday, January 08, 2019 12:00 am http://eubankers.net/article/68168/rbs-buys-stake-in-technology-start-up The bank is aiming to take on new digital-only challenger banks. Retail Banking Chetwood Financial gets full UK banking licence and new cash News Aggregation Team Tuesday, January 08, 2019 12:00 am http://eubankers.net/article/68173/chetwood-financial-gets-full-uk-banking-licence-and-new-cash This news come with Chetwood’s latest consumer lending product, LiveLend Reward Loan – “the dynamic loan”, which adapts the lending rates as the consumer’s lending score improves. Retail Banking Sociéte Générale’s Contemplated Sale of Euro Bank to Bank Millennium News Aggregation Team Friday, January 04, 2019 12:00 am http://eubankers.net/article/68082/sociampeacutete-gampeacutenampeacuteraleamprsquos-contemplated-sale-of-euro-bank-to-bank-millennium Sociéte Générale will continue to provide corporate and investment banking services in Poland through its Global Banking and Investor Solutions business Retail Banking State-owned German banks end merger talks as buyout firms circle News Aggregation Team Friday, January 04, 2019 12:00 am http://eubankers.net/article/68083/state-owned-german-banks-end-merger-talks-as-buyout-firms-circle Frankfurt-based public lender Helaba terminates discussions with state-owned NordLB Retail Banking HSBC leaves customers waiting for data reforms News Aggregation Team Friday, December 28, 2018 12:00 am http://eubankers.net/article/68020/hsbc-leaves-customers-waiting-for-data-reforms HSBC will be subjected to extra monitoring and, if the situation deteriorates, an external consultant could be appointed to oversee the process. Retail Banking Another 772 bank branches bite the dust in 2018 as more customers access their accounts online News Aggregation Team Sunday, December 23, 2018 12:00 am http://eubankers.net/article/67994/another-772-bank-branches-bite-the-dust-in-2018-as-more-customers-access-their-accounts-online Writing for The Mail on Sunday today, Joe Garner, chief executive of Nationwide Building Society, says: ‘There is no reason that we can’t have branches and new technology.’ Retail Banking RBS cuts pay of first female finance chief: She'll earn up to £400k less than male predecessor News Aggregation Team Thursday, December 20, 2018 12:00 am http://eubankers.net/article/67955/rbs-cuts-pay-of-first-female-finance-chief-sheamp039ll-earn-up-to-amppound400k-less-than-male-predecessor Gender equality campaigners said Murray should get the same as her predecessor Retail Banking Revised budget deficit positive for Italian banks, but headwinds still threaten News Aggregation Team Monday, December 17, 2018 12:00 am http://eubankers.net/article/67827/revised-budget-deficit-positive-for-italian-banks-but-headwinds-still-threaten The material widening of sovereign and other Italy-related spreads on the back of political uncertainty came at a highly inopportune moment for the country’s banks. Retail Banking Barclays branch closure is a 'great blow' to the town News Aggregation Team Friday, December 14, 2018 12:00 am http://eubankers.net/article/67813/barclays-branch-closure-is-a-amp039great-blowamp039-to-the-town THE closure of Barclays in Bridport is a ‘great blow’ as customers decide to move to a ‘safer’ bank. Retail Banking RBS bosses launch probe into 'culture of bullying' at bank News Aggregation Team Monday, December 10, 2018 12:00 am http://eubankers.net/article/67677/rbs-bosses-launch-probe-into-amp039culture-of-bullyingamp039-at-bank Staff at the state-backed lender have allegedly been subjected to persistent intimidation, threats and humiliation. Retail Banking Wealthy expats are looking at Portugal for retirement News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68440/wealthy-expats-are-looking-at-portugal-for-retirement The NHR status is also attractive to retirees as most withdrawals from UK pensions taken as income or lump sums are completely tax-free in the first 10 years living there. Pensions Malta implements sweeping changes to pension regulations rules News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68472/malta-implements-sweeping-changes-to-pension-regulations-rules There are also stricter rules when it comes to investing Pensions Belgium adopts IORP II law with transitional measures News Aggregation Team Wednesday, January 09, 2019 12:00 am http://eubankers.net/article/68212/belgium-adopts-iorp-ii-law-with-transitional-measures The key IORP II implementation elements for Belgian pension funds, according to Sommerijns, were the risk management function and own risk assessment requirements. Pensions DB transfer compensation doubles in two years News Aggregation Team Tuesday, January 08, 2019 12:00 am http://eubankers.net/article/68164/db-transfer-compensation-doubles-in-two-years The FSCS data was requested by Nick Smith, MP for Blaenau Gwent in south Wales, who told the FT the fact the payouts have doubled is “absolutely shocking”. Pensions Single Financial Guidance Body gets to work News Aggregation Team Friday, January 04, 2019 12:00 am http://eubankers.net/article/68087/single-financial-guidance-body-gets-to-work The new body is sponsored by the Department for Work and Pensions Pensions Consulting industry shifting beyond its traditional client base News Aggregation Team Monday, December 24, 2018 12:00 am http://eubankers.net/article/68001/consulting-industry-shifting-beyond-its-traditional-client-base Investor groups targeted by the consulting industry include family offices; private wealth management; and registered investment advisers and broker/dealers. Pensions Early retirees use an essential tool to build wealth, but obsessing over it can backfire News Aggregation Team Monday, December 24, 2018 12:00 am http://eubankers.net/article/68003/early-retirees-use-an-essential-tool-to-build-wealth-but-obsessing-over-it-can-backfire "You need to be able to track your income, expenses, and net worth. It needs to be staring you in the face every day. Once you start seeing these key metrics improving regularly, it will spur you to dig into the details and find opportunities to grow Pensions Consultation into pension ‘superfunds’ launched News Aggregation Team Friday, December 07, 2018 12:00 am http://eubankers.net/article/67621/consultation-into-pension-amplsquosuperfundsamprsquo-launched While the outlook for the vast majority of schemes is positive, in that members can expect to receive the pensions they have been promised, there are some schemes where the outlook is much more uncertain, the consultation document said. Pensions FCA threatens action on pension transfer advisers News Aggregation Team Thursday, December 06, 2018 12:00 am http://eubankers.net/article/67595/fca-threatens-action-on-pension-transfer-advisers It is important that firms act now to make any necessary changes Pensions Pimfa calls for FSCS review after interim levy Thursday, November 29, 2018 12:00 am http://eubankers.net/article/67406/pimfa-calls-for-fscs-review-after-interim-levy PIMFA are deeply concerned that the reasons for these claims is not being tackled. Pensions Swiss are collateral victim of Brexit News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68488/swiss-are-collateral-victim-of-brexit EU cannot offer special deal to Switzerland setting precedent for UK Brexit Guernsey 'will emerge stronger post-Brexit,' says chairman News Aggregation Team Friday, January 18, 2019 12:00 am http://eubankers.net/article/68507/guernsey-amp039will-emerge-stronger-post-brexitamp039-says-chairman The transition period set out for the UK will also appy to the Crown Dependencies. Brexit Jersey prepared for Brexit despite May's deal defeat News Aggregation Team Thursday, January 17, 2019 12:00 am http://eubankers.net/article/68441/jersey-prepared-for-brexit-despite-mayamp039s-deal-defeat Senator Gorst also said he wants to assure islanders that whatever the new alternatives put forward by Theresa May, he wants to make sure the interests of Jersey are communicated to the UK government. Brexit City’s 10 biggest banks spend £1bn on Brexit plans News Aggregation Team Monday, January 14, 2019 12:00 am http://eubankers.net/article/68296/cityamprsquos-10-biggest-banks-spend-amppound1bn-on-brexit-plans Goldman Sachs, JPMorgan and Morgan Stanley among those that have spent an average of £100m each trying to make their operations Brexit-ready Brexit The UK will not leave the EU on March 29th 2019 – here’s why News Aggregation Team Monday, January 14, 2019 12:00 am http://eubankers.net/article/68318/the-uk-will-not-leave-the-eu-on-march-29th-2019-ampndash-hereamprsquos-why The new forecast also outlines that the EIU believes that a ‘no deal’ Brexit is now the least likely scenario Brexit Hermes joins Dublin Brexodus as May faces crunch vote News Aggregation Team Monday, January 14, 2019 12:00 am http://eubankers.net/article/68322/hermes-joins-dublin-brexodus-as-may-faces-crunch-vote “Moreover, the addition of such experienced, knowledgeable and skilled professionals as Carol and Aoifinn, will not only help us transition through Brexit effectively, but deepen our footprint in Europe." Brexit $1 trillion is leaving Britain because of Brexit News Aggregation Team Tuesday, January 08, 2019 12:00 am http://eubankers.net/article/68157/1-trillion-is-leaving-britain-because-of-brexit Other firms are moving assets to protect clients against market volatility and sudden changes in regulation. Brexit US banks to cut London-EU commuting support for staff after Brexit News Aggregation Team Monday, December 31, 2018 12:00 am http://eubankers.net/article/68027/us-banks-to-cut-london-eu-commuting-support-for-staff-after-brexit Thousands of bank staff to move from London to Dublin, Paris and Frankfurt in early 2019 Brexit 'Your rights will be unchanged’: Spain PM Sanchez’s post-Brexit assurance to expat Brits News Aggregation Team Monday, December 31, 2018 12:00 am http://eubankers.net/article/68028/amp039your-rights-will-be-unchangedamprsquo-spain-pm-sanchezamprsquos-post-brexit-assurance-to-expat-brits Spain is the most popular European retirement destination for Britons and official figures suggest it is home to about 300,000 British citizens, most of whom are settled on the coast. Brexit Banks demand lower taxes as Brexit and Corbyn risks grow News Aggregation Team Wednesday, December 19, 2018 12:00 am http://eubankers.net/article/67904/banks-demand-lower-taxes-as-brexit-and-corbyn-risks-grow Levies add up to more than 50% of profits, says lobby group Brexit