The European Banking News Network http://eubankers.net/ Mon, 26 Jun 2017 22:19:56 GMT part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png The European Banking News Network KohanaPHP Globalance Bank Goes Germany News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54310/globalance-bank-goes-germany The Zurich-based company now aims to expand abroad and has opted for Germany to take a first step outside of the Swiss home market. Wealth and Asset Management Gibraltar Finance in London to promote Wealth Management sector News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54316/gibraltar-finance-in-london-to-promote-wealth-management-sector Minister for Commerce, Albert Isola, believes the event will be a thoroughly worthwhile experience Wealth and Asset Management Schroders to offer wealth management services to US expats News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54317/schroders-to-offer-wealth-management-services-to-us-expats Managing director of RBC's Americas private wealth team Martin Heale will head Schroder Wealth Management (US) team when he joins the firm in August. Wealth and Asset Management Wall Street banks are helping rebuild European soccer clubs News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54211/wall-street-banks-are-helping-rebuild-european-soccer-clubs We are building on a base in Europe, what we call greenfield. Wealth and Asset Management Fee pressure sees Signia Wealth hike passive exposure News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54220/fee-pressure-sees-signia-wealth-hike-passive-exposure The fund house's balanced fund currently has 20 per cent exposure to tracker funds, which in turn has helped reduce the total expense ratio. Wealth and Asset Management David and Goliath: The investment advisers taking on the big players News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54228/david-and-goliath-the-investment-advisers-taking-on-the-big-players The small but mighty investment advisers taking on the big players Wealth and Asset Management US subscription airline Surf Air launches in the UK offering unlimited private flights from London to Europe News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54230/us-subscription-airline-surf-air-launches-in-the-uk-offering-unlimited-private-flights-from-london-to-europe Those making numerous business and/or leisure trips can take unlimited ones with the service for a fixed monthly fee. Wealth and Asset Management European Wealth sells 48% stake to duo in £9m fundraise News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54235/european-wealth-sells-48-stake-to-duo-in-amppound9m-fundraise Since its launch in 2011, European Wealth has been in part funded by debt. Wealth and Asset Management Russia’s Rich a Target for VTB as Foreign Banks Juggle Probes News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54240/russiaamprsquos-rich-a-target-for-vtb-as-foreign-banks-juggle-probes State-owned bank may profit after scandals at foreign firms Wealth and Asset Management Cheshire-based advice firm bought by Alexander Beard News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54166/cheshire-based-advice-firm-bought-by-alexander-beard Paul Beard, executive chairman of Alexander Beard Group, said that the acquisition fits its strategy of buying smaller practices in relevant locations. Wealth and Asset Management Barwood capital appoints new executive chairman News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54277/barwood-capital-appoints-new-executive-chairman He was also responsible for relationships with banks to secure loans. Executive Moves ING to expand deeper into China News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54281/ing-to-expand-deeper-into-china Having spun off its insurance and asset management businesses, the bank now has free rein to engage such financial players in fund-raising and cash management. Executive Moves Stonehage hires former Investec man as equity research boss News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54284/stonehage-hires-former-investec-man-as-equity-research-boss Sloan joins the firm after almost a year out of the industry. Executive Moves Deutsche Bank appoints ex-Ukraine boss new Russia head News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54288/deutsche-bank-appoints-ex-ukraine-boss-new-russia-head Ivanov, who is moving from his position as Deutsche Bank head in Ukraine, is replacing Annett Viehweg, but is yet to get regulatory approval. Executive Moves Citi hires Ali to co-head EMEA leveraged finance News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54300/citi-hires-ali-to-co-head-emea-leveraged-finance Ali was most recently co-head of EMEA leveraged finance at BAML Executive Moves Fulcrum hires allocation veteran as investment director News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54303/fulcrum-hires-allocation-veteran-as-investment-director We believe a culture of excellence is the best way of serving our clients Executive Moves London & Capital hires Weatherbys head of wealth News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54306/london-ampamp-capital-hires-weatherbys-head-of-wealth Experienced in managing clients who are within partnership structures, in his new role Tuck will focus on UK professional clients. Executive Moves Ex­UBS ECM head moves to buy side News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54313/exampshyubs-ecm-head-moves-to-buy-side Veteran ECM adviser Damien Brosnan joins Maven Investment Partners, the latest banker to make the switch. Executive Moves Barclays Bank Ireland appoints Kevin Wall as chief executive News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54312/barclays-bank-ireland-appoints-kevin-wall-as-chief-executive Wall succeeds Sasha Wiggins who will take up a new role Executive Moves Pictet Hires Ex-Amundi Investment Manager News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54319/pictet-hires-ex-amundi-investment-manager Merz has a dozen years of experience in alternative investment. Executive Moves Regulation puts U.K.-based money managers at risk of losing EU business News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54269/regulation-puts-uk-based-money-managers-at-risk-of-losing-eu-business It would make sense for global equity managers to stay in London. Legal, Regulation & Compliance European markets seen mixed at open as Italy is forced to bail out two banks News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54274/european-markets-seen-mixed-at-open-as-italy-is-forced-to-bail-out-two-banks The move comes two days after the European Central Bank warned that Banca Popolare di Vicenza and Veneto Banca were likely to fail. Legal, Regulation & Compliance Starling Bank passports to Europe, first stop Ireland News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54275/starling-bank-passports-to-europe-first-stop-ireland We’ve done it the hard work way by deciding to build it from scratch. Legal, Regulation & Compliance Typical UK bank will waste £10m annually on inefficient KYC checks as AMLD4 regulation comes into force News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54282/typical-uk-bank-will-waste-amppound10m-annually-on-inefficient-kyc-checks-as-amld4-regulation-comes-into-force However, the report concludes that most eID schemes will not be ready for some time and recommends advanced mobile technology to bridge the gap. Legal, Regulation & Compliance European savings and co-operative banks join screen-scraping row News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54304/european-savings-and-co-operative-banks-join-screen-scraping-row The suggestion has led to an uproar among mature fintech startups, who have lobbied hard for a reversal of the decision, claiming that the reforms will provide banks with the means to control what data is shared, putting new entrants at a disadvantage. Legal, Regulation & Compliance New Regulations on reporting payment practices are now in force News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54309/new-regulations-on-reporting-payment-practices-are-now-in-force Charities required to report under the Regulations Legal, Regulation & Compliance Investment consultants and fund managers agree reporting standard News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54257/investment-consultants-and-fund-managers-agree-reporting-standard Influential advisers to pension funds back new way to publish performance data Legal, Regulation & Compliance Artificial intelligence is entering the justice system News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54270/artificial-intelligence-is-entering-the-justice-system Bad news for crooks: RAVN’s AI speeds up the document-sifting process - and is more accurate than humans Legal, Regulation & Compliance British fund houses face year of redesign in battle for public’s trust News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54295/british-fund-houses-face-year-of-redesign-in-battle-for-publicamprsquos-trust From the sector’s point of view, the timing is pretty awful. Legal, Regulation & Compliance China doles out $100 million punishment to Russian-controlled fund for role in 2015 crash News Aggregation Team Saturday, June 24, 2017 12:00 am http://eubankers.net/article/54258/china-doles-out-100-million-punishment-to-russian-controlled-fund-for-role-in-2015-crash The audit also found the company's trading was subject to a functioning risk-management system," it said. Legal, Regulation & Compliance Instinet and Virtu Financial launch liquidity streaming relationship News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54283/instinet-and-virtu-financial-launch-liquidity-streaming-relationship Instinet’s highly configurable infrastructure can be tailored to each client FinTech House of Fraser shops for IT innovation with Capgemini News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54292/house-of-fraser-shops-for-it-innovation-with-capgemini As part of the new contract, Capgemini will extend its current remit with House of Fraser in order to support the retailer’s ongoing IT simplification strategy. FinTech Here in my car by Jim Wood-Smith, Hawksmoor Investment Management News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54293/here-in-my-car-by-jim-wood-smith-hawksmoor-investment-management The quarter ends this week. The headmaster’s report for the markets for the first half of the year says better than expected. FinTech Barclays spoke to regulators about bringing bitcoin 'into play' News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54301/barclays-spoke-to-regulators-about-bringing-bitcoin-amp039into-playamp039 Vaswani did not expand on to what extent Barclays could be involved with bitcoin. FinTech UK start-up bank to commence European push starting in Ireland News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54302/uk-start-up-bank-to-commence-european-push-starting-in-ireland The expansion of its operations to Ireland is subject to approval from the Irish regulator FinTech Poland's mBank to license tech platform to third party financial institutions News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54305/polandamp039s-mbank-to-license-tech-platform-to-third-party-financial-institutions It’s a good choice for companies that face the challenge of digital transformation. FinTech Norway's Sparebanken Sogn Og Fjordane begins deployment of Backbase tech News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54314/norwayamp039s-sparebanken-sogn-og-fjordane-begins-deployment-of-backbase-tech Sparebanken Sogn og Fjordane is over 160 years old, and started as a merger of over 25 savings banks. FinTech will.i.am: AI will be more disruptive to London tech scene than Brexit News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54227/william-ai-will-be-more-disruptive-to-london-tech-scene-than-brexit Echoing similar remarks made by Chinese business magnate Alibaba chairman Jack Ma this week, will.i.am said that historically, technology and industrialisation have caused wars. FinTech IDT Corporation to Sell Gibraltar Based Banking Unit News Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54251/idt-corporation-to-sell-gibraltar-based-banking-unit The agreed-upon purchase price consists of the value of IDT Finance's net assets at closing plus an additional amount of approximately £3 million. FinTech French Bank Joins Fintech Frenzy News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54201/french-bank-joins-fintech-frenzy The French institution is teaming up with online startup platform WHub to host a 36-hour fintech hackathon in Hong Kong. FinTech Capita to sell asset services unit to Link for £888m News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54267/capita-to-sell-asset-services-unit-to-link-for-amppound888m The balance of the Acquisition would be funded through a combination of existing cash and available debt facilities. Alternative Investments Russian billionaire buys Holland & Barrett News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54278/russian-billionaire-buys-holland-ampamp-barrett This deal marks the first acquisition by L1 Retail, which was launched in 2016 by Mr Fridman’s holding company LetterOne. Alternative Investments Old Mutual International launches offshore bond for UK investors News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54285/old-mutual-international-launches-offshore-bond-for-uk-investors There are no asset dealing charges and investors can withdraw 5 per cent per annum without immediately being taxed. Alternative Investments Biggest quarter growth in four years for Guernsey funds sector News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54286/biggest-quarter-growth-in-four-years-for-guernsey-funds-sector From the end of March 2016, total net asset values increased by £28.6 billion (12%). Alternative Investments Allianz sells Oldenburgische bank stake ‘at loss’ News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54289/allianz-sells-oldenburgische-bank-stake-amplsquoat-lossamprsquo Allianz added the loss will not affect its profit outlook for the year as it had already been taken into account Alternative Investments Investec plans new €75m venture capital fund for high-growth Irish companies News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54296/investec-plans-new-ampeuro75m-venture-capital-fund-for-high-growth-irish-companies South African bank hopes to have new funds in place by the end of this year Alternative Investments UBS launches Asia ex-Japan ETF in London News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54308/ubs-launches-asia-ex-japan-etf-in-london The ETF is synthetically replicated, trades in British pounds and has a total expense ratio of 0.37%. Alternative Investments Jeweller to the stars Theo Fennell saved from administration News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54263/jeweller-to-the-stars-theo-fennell-saved-from-administration The fund has previously backed the West Cornwall Pasty Company during a turnaround period. Alternative Investments Allianz expects loss of around $224 million from sale of OLB News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54265/allianz-expects-loss-of-around-224-million-from-sale-of-olb The insurer said the loss did not affect its profit outlook for the year, because it had already taken it into account. Alternative Investments The battle for London’s insurers News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54247/the-battle-for-londonamprsquos-insurers Dublin was expected to be a big winner, but continental Europe has been more popular Alternative Investments Allied Irish Banks completes IPO with €12bn valuation News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54225/allied-irish-banks-completes-ipo-with-ampeuro12bn-valuation The offering was priced at €4.40 per share, raising €3bn assuming no exercise of an over-allotment option, or €3.4bn if it is exercised. Investment Banking Nomura Wants to Charge Clients $134,000 for Premium Research News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54245/nomura-wants-to-charge-clients-134000-for-premium-research The European Union’s MiFID II regulations, which will be enforced from Jan. 3, aim to tackle conflicts of interest by requiring asset managers to separate the trading commissions they pay from investment-research fees. Investment Banking Nomura to relocate European hub from London to Frankfurt - reports News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54180/nomura-to-relocate-european-hub-from-london-to-frankfurt-reports Transferring up to 100 staff Investment Banking Daiwa investment bank to site its new EU subsidiary in Frankfurt News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54187/daiwa-investment-bank-to-site-its-new-eu-subsidiary-in-frankfurt Daiwa has around 450 employees across Europe, most of which are based in London - which will remain its regional headquarters. Investment Banking Janus Henderson Investors appoints BNP Paribas securities unit to service Singapore-based funds News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54212/janus-henderson-investors-appoints-bnp-paribas-securities-unit-to-service-singapore-based-funds The relationship covers key markets such as the UK, Continental Europe and Australia. Investment Banking Big US banks consider moving business out of UK News Aggregation Team Wednesday, June 21, 2017 12:00 am http://eubankers.net/article/54130/big-us-banks-consider-moving-business-out-of-uk Financial groups look at moving transactions totalling many billions of dollars from London Investment Banking SG CIB completes execution services integration News Aggregation Team Wednesday, June 21, 2017 12:00 am http://eubankers.net/article/54134/sg-cib-completes-execution-services-integration We recognised early on that MiFID II would change the playing field in the industry and that our clients’ requirements for execution services would evolve rapidly. Investment Banking Six banks in Romania will get EUR 400 mln from European Investment Bank News Aggregation Team Wednesday, June 21, 2017 12:00 am http://eubankers.net/article/54150/six-banks-in-romania-will-get-eur-400-mln-from-european-investment-bank The European Commission and the Romanian Government signed the Cooperation Agreement in Bucharest in October last year. Investment Banking Equiteq named Boutique Investment Banking Firm of the Year News Team Wednesday, June 21, 2017 12:00 am http://eubankers.net/article/54151/equiteq-named-boutique-investment-banking-firm-of-the-year The M&A Advisor Annual International M&A Awards honour the leading deal teams, firms and professionals whose activities set the standard for international M&A transactions. Investment Banking Roger Jenkins: pivotal role in capital raising News Aggregation Team Tuesday, June 20, 2017 12:00 am http://eubankers.net/article/54117/roger-jenkins-pivotal-role-in-capital-raising Banker developed a speciality for structuring tax-efficient financing for companies Investment Banking Brexit Bullxit by Tim Price Tim Price Monday, June 26, 2017 12:00 am http://eubankers.net/article/54252/brexit-bullxit-by-tim-price Our own Brexitspeak decoder is shown below. Comment, Analysis & Research Glastonbury - "It's been tough on the cows"! - Michael Eaves (founder) Penny Lovell Monday, June 26, 2017 12:00 am http://eubankers.net/article/54253/glastonbury-ampquotitamp039s-been-tough-on-the-cowsampquot-michael-eaves-founder So this weather, coupled with Glastonbury and Ascot has really encouraged me to start thinking about the pending summer holidays and sticking with the ‘top (saving) tips’ theme, here are my five. Comment, Analysis & Research The Real Value of Eco Power by Justin Urquhart Stewart Justin Urquhart Stewart Monday, June 26, 2017 12:00 am http://eubankers.net/article/54254/the-real-value-of-eco-power-by-justin-urquhart-stewart Regarding Trump's twoddle on sustainable power - wake up, you are missing the point. Comment, Analysis & Research Schroders Global Cities 30 index News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54280/schroders-global-cities-30-index The Schroders Global Cities 30 index is compiled on a range of factors, including the projected growth of the economy, disposable incomes over the next decade and the size of the population. Comment, Analysis & Research UK Platform Awards 2017 - Leading Adviser shortlists revealed News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54287/uk-platform-awards-2017-leading-adviser-shortlists-revealed Vote for best platforms Comment, Analysis & Research "Stronger charities for a stronger society": The House of Lords Select Committee on Charities Report News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54294/ampquotstronger-charities-for-a-stronger-societyampquot-the-house-of-lords-select-committee-on-charities-report Charities are the eyes, ears and conscience of society Comment, Analysis & Research Business confidence rebounds since EU Referendum vote News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54307/business-confidence-rebounds-since-eu-referendum-vote Confidence rise is broad-based among sectors Comment, Analysis & Research Concerns over Scarcity of Short-Term Liquidity Push 80 Percent of Investment Managers to Diversify Funding News Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54311/concerns-over-scarcity-of-short-term-liquidity-push-80-percent-of-investment-managers-to-diversify-funding The survey of senior investment management executives from over 120 global firms, conducted during Q1 2017, found that more than 90% of companies saw demand for high-quality collateral Comment, Analysis & Research London’s financial crown ‘safe’ for now — exclusive survey News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54315/londonamprsquos-financial-crown-amplsquosafeamprsquo-for-now-ampmdash-exclusive-survey While 50 respondents thought London would remain the capital in five years’ time (with just six disagreeing), the number of bulls dropped to 40 Comment, Analysis & Research ABN AMRO Report: Diamond Market Recovery Grinds To A Halt News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54318/abn-amro-report-diamond-market-recovery-grinds-to-a-halt Antwerp diamond trade data show that the improvement in rough trade has already peaked while polished trade never recovered in the first place. Comment, Analysis & Research Complex cases push down HMRC's tax investigation yield News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54299/complex-cases-push-down-hmrcamp039s-tax-investigation-yield HMRC’s yield from investigations has fallen 10%, from £73 for every £1 spent in 2014/15 to £66 in 2015/16, according to law firm Pinsent Masons Tax Iceland Proposes A Novel Solution To Tax Evasion News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54260/iceland-proposes-a-novel-solution-to-tax-evasion But the most interesting part of this story is what these workgroups recommended be done to combat tax evasion. Tax Secretive owners of Scottish 'tax haven' firms to be revealed News Aggregation Team Saturday, June 24, 2017 12:00 am http://eubankers.net/article/54261/secretive-owners-of-scottish-amp039tax-havenamp039-firms-to-be-revealed It should mean that the shadowy owners of Scottish shell companies may finally be exposed. Tax HMRC remind advisers of 31 August deadline for offshore advice notification letters News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54233/hmrc-remind-advisers-of-31-august-deadline-for-offshore-advice-notification-letters Failure to meet the deadline can result in a penalty of £3,000. Tax How to help your non-dom clients with IHT News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54234/how-to-help-your-non-dom-clients-with-iht Then the election was announced. Suddenly the imperative was to get a semblance of the Finance Bill onto the statute books before parliament dissolved. Tax Austria: New tax treaty with the UK under negotiation - Deloitte News Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54241/austria-new-tax-treaty-with-the-uk-under-negotiation-deloitte In essence, the new terms indicate that the contracting states wish to ensure that, following Brexit, qualifying cross-border dividends would remain eligible for an exemption from dividend withholding tax Tax Accidental Americans want out News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54189/accidental-americans-want-out It calls on French banks to stop applying the so-called Fatca legislation where they pass account details to the US tax office. Tax HMRC collects record £5.1bn in inheritance tax News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54204/hmrc-collects-record-amppound51bn-in-inheritance-tax What upsets people is that this is wealth that is being taxed twice. Tax EU proposes tax transparency rules for intermediaries News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54239/eu-proposes-tax-transparency-rules-for-intermediaries Intermediaries including accountants and tax advisers potentially face tough new transparency rules after the European Commission seeks to curb tax avoidance schemes Tax Accountants face fines for aggressive corporate tax planning under draft EU law News Aggregation Team Wednesday, June 21, 2017 12:00 am http://eubankers.net/article/54164/accountants-face-fines-for-aggressive-corporate-tax-planning-under-draft-eu-law The proposal will need the approval of the European Parliament and all EU states to become law Tax Co-Op Bank halts sale process News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54291/co-op-bank-halts-sale-process The investors want to extricate the bank from the Co-Op Group’s retirement plan Retail Banking South Korea's Woori Bank to open Frankfurt subsidiary ahead of Brexit News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54256/south-koreaamp039s-woori-bank-to-open-frankfurt-subsidiary-ahead-of-brexit The South Korean bank's decision to set up the subsidiary was made at the start of this year and will likely see it set up shop with five staff this autumn - all of which are expected to be new hires. Retail Banking The European Central Bank moves to wind down two Italian banks News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54259/the-european-central-bank-moves-to-wind-down-two-italian-banks The banks will continue to operate and depositors will not suffer any inconvenience. Retail Banking Intesa Sanpaolo board tasks CEO with completing purchase of Veneto banks' assets News Aggregation Team Sunday, June 25, 2017 12:00 am http://eubankers.net/article/54298/intesa-sanpaolo-board-tasks-ceo-with-completing-purchase-of-veneto-banksamp039-assets The board of Italy's biggest retail bank Intesa Sanpaolo has tasked CEO Carlo Messina with completing the purchase of the good assets of two ailing Veneto-based lenders. Retail Banking Deutsche Bank To Sell Retail Banking Business In Spain For €1.4 Bn Less Than Expected News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54231/deutsche-bank-to-sell-retail-banking-business-in-spain-for-ampeuro14-bn-less-than-expected The bank’s wholesale and investment banking activities, as well as its business in Portugal, will not be included in the operation. Retail Banking Swedish-owned firm to buy bad loan portfolio from Latvia's Reverta News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54237/swedish-owned-firm-to-buy-bad-loan-portfolio-from-latviaamp039s-reverta The value of the transaction has not been disclosed under the terms of the deal. Retail Banking KBC may sell troubled Irish mortgages to draw line under crisis News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54181/kbc-may-sell-troubled-irish-mortgages-to-draw-line-under-crisis Belgian group affirmed its commitment to Ireland in February after years of speculation Retail Banking BNP Paribas to cut jobs in revamp of French retail banking arm News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54226/bnp-paribas-to-cut-jobs-in-revamp-of-french-retail-banking-arm BNP Paribas said it was discussing the voluntary job cuts plan that would come via retirements with French trade unions. Retail Banking 252 Bank of Scotland jobs in dundee to be axed News Aggregation Team Wednesday, June 21, 2017 12:00 am http://eubankers.net/article/54135/252-bank-of-scotland-jobs-in-dundee-to-be-axed A spokesmanLloyds said the branch would remain open and customers should not experience any changes. Retail Banking Intesa Sanpaolo Says Willing to Buy Certain Assets, Liabilities From Vicenza, Veneto Banca News Aggregation Team Wednesday, June 21, 2017 12:00 am http://eubankers.net/article/54200/intesa-sanpaolo-says-willing-to-buy-certain-assets-liabilities-from-vicenza-veneto-banca Intesa said this will need to happen at terms and conditions which won't dent the lender's capital buffer and affect its dividend payout policy. Retail Banking Mission accomplished for the UK’s pension provision? David Newman, Close Brother News Team Thursday, June 15, 2017 12:00 am http://eubankers.net/article/53998/mission-accomplished-for-the-ukamprsquos-pension-provision-david-newman-close-brother Saving the bare minimum is simply not an option to support the retirement people desire. Pensions FCA set to recognise new CISI pension transfer qualification News Aggregation Team Tuesday, June 13, 2017 12:00 am http://eubankers.net/article/53945/fca-set-to-recognise-new-cisi-pension-transfer-qualification The FCA's quarterly consultation paper proposed its formal inclusion in the list of qualifications appropriate for regulated activity as a pension transfer specialist. Pensions FCA cracks down on transfer advice News Aggregation Team Thursday, June 08, 2017 12:00 am http://eubankers.net/article/53817/fca-cracks-down-on-transfer-advice In response to reports that companies still operating in the space have had their processes scrutinised, the FCA said it was not carrying out an industry-wide assessment. Pensions Younger workers would benefit from State Pension Triple Lock News Aggregation Team Tuesday, June 06, 2017 12:00 am http://eubankers.net/article/53723/younger-workers-would-benefit-from-state-pension-triple-lock The research showed support amongst younger groups for state pension to be increased only with price inflation Pensions Charles Stanley completes pension arm sale News Aggregation Team Thursday, June 01, 2017 12:00 am http://eubankers.net/article/53597/charles-stanley-completes-pension-arm-sale Charles Stanley stated the disposal is in line with its strategy to focus on its wealth investment management activities. Pensions Aviva considers offering advice on leaving final-salary pensions News Aggregation Team Monday, May 29, 2017 12:00 am http://eubankers.net/article/53510/aviva-considers-offering-advice-on-leaving-final-salary-pensions Market in exchanging guaranteed income for lump sum remains controversial Pensions Pension scheme fraud investigation News Aggregation Team Sunday, May 28, 2017 12:00 am http://eubankers.net/article/53453/pension-scheme-fraud-investigation The Serious Fraud Office said more than 1,000 people had invested a total of about £120m since 2011. Pensions UK urged to prepare for workforce of 80-year-olds News Aggregation Team Thursday, May 25, 2017 12:00 am http://eubankers.net/article/53442/uk-urged-to-prepare-for-workforce-of-80-year-olds World Economic Forum predicts gap in pension savings quadrupling to £25tn Pensions Veolia UK Pension Trustees hires Schroders for £880m fiduciary management mandate News Aggregation Team Tuesday, May 23, 2017 12:00 am http://eubankers.net/article/53325/veolia-uk-pension-trustees-hires-schroders-for-amppound880m-fiduciary-management-mandate The deal has seen Schroders' assets under fiduciary more than double to a total of 1.3bn across 17 different clients. Pensions LGPS launches cost transparency code for asset managers News Aggregation Team Wednesday, May 17, 2017 12:00 am http://eubankers.net/article/53182/lgps-launches-cost-transparency-code-for-asset-managers It comes after funds encountered difficulties in getting such data from asset managers. Pensions Bonus Cap Could Cost Dutch Brexit Banking Business, Employer Group Says News Aggregation Team Monday, June 26, 2017 12:00 am http://eubankers.net/article/54290/bonus-cap-could-cost-dutch-brexit-banking-business-employer-group-says Reasons include a good quality of life, a favourable tax regime and Amsterdam's large English-speaking population. Brexit Banking Brexodus? One year on, this is what banks have said about Brexit and job moves News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54229/banking-brexodus-one-year-on-this-is-what-banks-have-said-about-brexit-and-job-moves One year on from the EU referendum, it is difficult to tell whether this number is shaping up to be correct: too many firms have not made public announcements, numbers have been vague and, with the terms of Brexit unclear, there are too many hypotheticals Brexit Frankfurt Emerges as Biggest Banking Winner After Brexit News Aggregation Team Friday, June 23, 2017 12:00 am http://eubankers.net/article/54216/frankfurt-emerges-as-biggest-banking-winner-after-brexit It’s in the heart of Europe, has fantastic infrastructure and affordable office rents. Brexit Germany ‘confident they can snatch London-based businesses after Brexit’ News Aggregation Team Thursday, June 22, 2017 12:00 am http://eubankers.net/article/54174/germany-amplsquoconfident-they-can-snatch-london-based-businesses-after-brexitamprsquo Germany are eagerly eyeing British businesses as they are confident Brexit will benefit Berlin’s hold on the EU, the German Deputy Finance Minister has suggested. Brexit Euro clearing businesses moving accounts to Frankfurt, lobby group chief says News Aggregation Team Sunday, June 18, 2017 12:00 am http://eubankers.net/article/54057/euro-clearing-businesses-moving-accounts-to-frankfurt-lobby-group-chief-says "We see a significant rise in the account openings of Eurex Clearing, we see a lot of actors that are doing test trades." Brexit Is your wealth manager prepared for Brexit? News Aggregation Team Thursday, June 15, 2017 12:00 am http://eubankers.net/article/53976/is-your-wealth-manager-prepared-for-brexit One of the biggest issues confounding the wealth management sector is whether UK-based firms will have to dump their EU clients Brexit CITI EMEA Investment Banking Chief: We're preparing for a 'Hard Brexit' News Aggregation Team Wednesday, June 14, 2017 12:00 am http://eubankers.net/article/53954/citi-emea-investment-banking-chief-weamp039re-preparing-for-a-amp039hard-brexitamp039 In January, Jim Cowles, Citi's European operations chief, said the bank would make a decision on the location of its EU-based broker-dealer in the first half of the year. Brexit Brexit EU pushes ahead with plans to take control of London's clearing business News Aggregation Team Tuesday, June 13, 2017 12:00 am http://eubankers.net/article/53913/brexit-eu-pushes-ahead-with-plans-to-take-control-of-londonamp039s-clearing-business The politically charged step could force firms to move from London to the EU after Brexit Brexit The Battle for Brexit business - keeping track of which firms will relocate to Ireland when the UK leaves the EU News Aggregation Team Tuesday, June 13, 2017 12:00 am http://eubankers.net/article/53921/the-battle-for-brexit-business-keeping-track-of-which-firms-will-relocate-to-ireland-when-the-uk-leaves-the-eu Barclays settled on Dublin for its main hub inside the European Union after Brexit early in 2017. Brexit After all the hard talk, could Brexit turn soft? News Aggregation Team Friday, June 09, 2017 12:00 am http://eubankers.net/article/53828/after-all-the-hard-talk-could-brexit-turn-soft The Conservatives did especially badly in “Remain” constituencies. Brexit