The European Banking News Network http://eubankers.net/ Tue, 13 Nov 2018 23:16:19 GMT part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png The European Banking News Network KohanaPHP SJP Academy celebrates new Financial Planning graduates News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66964/sjp-academy-celebrates-new-financial-planning-graduates The Academy gives learners the opportunity to undergo thorough training before being offered the chance to become wealth advice professionals or Paraplanners within the St. James’s Place Partnership. Wealth and Asset Management Natixis Wealth Management takes over Massena Partners News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66966/natixis-wealth-management-takes-over-massena-partners Operation will help French bank develop wealth management business in France and Luxembourg Wealth and Asset Management Sanlam FOUR renamed Sanlam Investments to align with parent brand News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66981/sanlam-four-renamed-sanlam-investments-to-align-with-parent-brand Five years after being bought by Sanlam Wealth and Asset Management Barclays' senior duo to meet with activist Bramson News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66984/barclaysamp039-senior-duo-to-meet-with-activist-bramson Sheborne Investors, Bramson’s vehicle, has a 5.4% stake in Barclays Wealth and Asset Management Italians rush to put money into Swiss banks as budget fears grow News Aggregation Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66894/italians-rush-to-put-money-into-swiss-banks-as-budget-fears-grow Italians put their assets into Swiss accounts as their government rejects negative economic forecasts Wealth and Asset Management Lancashire Financial Planner and IFA expands with acquisition News Aggregation Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66910/lancashire-financial-planner-and-ifa-expands-with-acquisition West Lancashire-based Financial planner and IFA firm Acumen Financial Partnership is expanding further north into the county with the acquisition of a company based in Pilling, Wyre. Wealth and Asset Management Spear’s Wealth Management awards 2018: Winners Revealed News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66852/spearamprsquos-wealth-management-awards-2018-winners-revealed Guy Hands led the line-up of winners at the 12th annual Spear’s Wealth Management Awards at the Dorchester on Tuesday, in a night that celebrated the best in the UK’s private client world. Emelia Hamilton-Russell reports Wealth and Asset Management Intelligent Loans launches HNW division News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66858/intelligent-loans-launches-hnw-division Intelligent Loans has created a new department within its specialist finance division to concentrate on high-net-worth enquiries. Wealth and Asset Management Merian Chrysalis selects Maitland for fund services News Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66864/merian-chrysalis-selects-maitland-for-fund-services The Company will invest in unlisted stocks and is co-managed by Richard Watts and Nick Williamson. Wealth and Asset Management Best Private Bank in Liechtenstein named News Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66867/best-private-bank-in-liechtenstein-named Previously, only the family office of the Liechtenstein Princely Family had earned the title. Wealth and Asset Management Beaufort Financial forms new IFA with paralegal firm News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66959/beaufort-financial-forms-new-ifa-with-paralegal-firm Based in Malvern, Gloucestershire Executive Moves Trading Places: Hampden & Co hires director from UK's oldest private bank News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66965/trading-places-hampden-ampamp-co-hires-director-from-ukamp039s-oldest-private-bank Hampden & Co has hired a senior banker from rival private bank C. Hoare & Co, the oldest institution of its kind in the UK. Executive Moves EFG International appoints Chief Risk Officer News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66967/efg-international-appoints-chief-risk-officer EFG International has appointed Ranjit Singh as its new Chief Risk Officer and a member of the Executive Committee, effective 01 January 2019 at the latest, and subject to regulatory approval. Executive Moves Revolving Doors: Eversheds makes City corporate play as DLA and Ashurst announce international hires News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66968/revolving-doors-eversheds-makes-city-corporate-play-as-dla-and-ashurst-announce-international-hires Womersley will now join a cross-department team at Eversheds that covers real estate, tax, funds and banking. Executive Moves Update: Brooks Macdonald's Park promoted to deputy CIO News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66971/update-brooks-macdonaldamp039s-park-promoted-to-deputy-cio Joined in 2009 Executive Moves Jupiter Asset Management adds director for global consultant relations News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66972/jupiter-asset-management-adds-director-for-global-consultant-relations Mr. Gardner was a director on the consultant relations team at BMO Global Asset Management. Executive Moves Blockchain startup appoints former BCG Partner as new CEO News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66973/blockchain-startup-appoints-former-bcg-partner-as-new-ceo As a result of this reshuffle, the company was presented with the task of finding a new CEO to take the company forward in the new year. Executive Moves Edmond de Rothschild pursues its business line convergence strategy News Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66974/edmond-de-rothschild-pursues-its-business-line-convergence-strategy Place its three specialised real estate subsidiaries under single management Executive Moves New hires at expanded Financial Planning firm News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66975/new-hires-at-expanded-financial-planning-firm Philip Wise said: “I am looking forward to working with the team at Informed Choice and to developing my specialism in the field of retirement income planning. Executive Moves Ex-Pictet thematics PMs join Natixis IM to lead new push News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66979/ex-pictet-thematics-pms-join-natixis-im-to-lead-new-push Natixis IM said that there is growing demand for thematic strategies, and the new recruits bring with them a wealth of experience, having collectively run more than €21 billion in this space. Executive Moves The temporary permissions regime for inbound passporting EEA firms and funds – our approach News Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66951/the-temporary-permissions-regime-for-inbound-passporting-eea-firms-and-funds-ampndash-our-approach The temporary permissions regime will enable relevant firms and funds which passport into the UK to continue operating in the UK if the passporting regime falls away abruptly when the UK leaves the EU. Legal, Regulation & Compliance ECB publishes final guides for banks on their capital and liquidity management News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66952/ecb-publishes-final-guides-for-banks-on-their-capital-and-liquidity-management Banks are expected to assess the risks they face and, in a forward-looking manner, ensure that all material risks are identified, effectively managed and covered by adequate capital and liquidity levels at all times. Legal, Regulation & Compliance Supreme Court Rules Against Barnardo's Switching to CPI News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66956/supreme-court-rules-against-barnardoamp039s-switching-to-cpi Barnardo's submissions were unanimously refused by the Supreme Court Legal, Regulation & Compliance Rabobank explores sale of U.S. retail, wealth operations: sources News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66963/rabobank-explores-sale-of-us-retail-wealth-operations-sources The sources said that the business up for sale is part of Rabobank N.A., the California-based unit of the bank Legal, Regulation & Compliance Financial services legislation under the EU (Withdrawal) Act 2018 News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66982/financial-services-legislation-under-the-eu-withdrawal-act-2018 HM Treasury’s programme of secondary legislation to ensure that the UK continues to have a functioning financial services regulatory regime in all scenarios, when the UK leaves the EU in March 2019. Legal, Regulation & Compliance Draft Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2018 News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66983/draft-money-laundering-and-transfer-of-funds-information-amendment-eu-exit-regulations-2018 Draft text of a statutory instrument, which will make amendments to anti-money laundering law (the Money Laundering Regulations 2017; EU Funds Transfer Regulation; and Oversight of Professional Body AML Supervision Regulations 2017), to be laid under the Legal, Regulation & Compliance Wells Fargo reportedly ends investigation of gender bias in wealth management unit News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66919/wells-fargo-reportedly-ends-investigation-of-gender-bias-in-wealth-management-unit Wealth management head Jay Welker, a focus of many complaints, announced plans to retire on Tuesday Legal, Regulation & Compliance How Goldman’s high-flying Italian partner was embroiled in scandal News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66921/how-goldmanamprsquos-high-flying-italian-partner-was-embroiled-in-scandal Andrea Vella was placed on leave by the bank after being caught up in the 1MDB affair Legal, Regulation & Compliance Europe’s third largest insurance company turns away from coal News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66923/europeamprsquos-third-largest-insurance-company-turns-away-from-coal It is not just a matter of securing the survival of our planet, but of the insurance industry as well. Legal, Regulation & Compliance Billions lost in cash crackdown on money laundering News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66924/billions-lost-in-cash-crackdown-on-money-laundering In recent months, there have been stories of people who have closed their accounts rather than go through the hassle, while others had to endure the third degree from compliance officers. Legal, Regulation & Compliance FSB publishes Cyber Lexicon News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66954/fsb-publishes-cyber-lexicon The lexicon will be delivered to the G20 Leaders’ Summit in Buenos Aires later this month. FinTech Focus Solutions launches digital engagement software for wealth managers News Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66955/focus-solutions-launches-digital-engagement-software-for-wealth-managers Bringing together the ‘best in class’ software available on the market and offering cutting-edge technology, it allows wealth managers to deliver exactly what their clients need all in one place. FinTech Rothschild-backed robo eyes ‘freemium’ service News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66977/rothschild-backed-robo-eyes-amplsquofreemiumamprsquo-service Exo’s chief operating officer Nikolai Hack told Wealth Manager the firm is exploring a freemium model whereby clients FinTech EU regulators monitor big tech’s financial services foray News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66940/eu-regulators-monitor-big-techamprsquos-financial-services-foray Move welcomed by bankers who complain of uneven playing field FinTech The 'French Amazon' wooing Europe fund managers News Aggregation Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66887/the-amp039french-amazonamp039-wooing-europe-fund-managers The shares had been on a tear this year, surging from €89 at the turn of the year to nearly $140, before falling heavily in the stock market sell-off that has heavily punished growth stocks. FinTech How to combine RegTech with data mining technologies News Aggregation Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66895/how-to-combine-regtech-with-data-mining-technologies Considering the impact on organisations, early adopters of RegTech combined with data mining technologies can gain a competitive advantage. FinTech Robo-adviser overhauls business News Aggregation Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66903/robo-adviser-overhauls-business "To deliver both a do-it-yourself investment platform and financial advice under a single brand has proved to be challenging." FinTech Leading Insurance Firm in Europe live with IMSplus News Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66896/leading-insurance-firm-in-europe-live-with-imsplus IMSplus for Insurance Investment Management provides a multi-level portfolio structure and analysis that enables Insurance firms to easily monitor the invested financial assets and comply with the company's and country’s policies. FinTech Lloyds Bank internet banking down leaving customers unable to access cash and accounts News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66857/lloyds-bank-internet-banking-down-leaving-customers-unable-to-access-cash-and-accounts People took to Twitter to complain they could log in but not fully access their accounts online or on the Lloyds Bank app FinTech Can Nutmeg conquer advice? News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66880/can-nutmeg-conquer-advice Nutmeg has acquired £1.5bn in assets since launching in 2011 and is the UK’s largest robo-adviser. FinTech Acquisitions boost AFH revenues by 50% News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66960/acquisitions-boost-afh-revenues-by-50 Funds under management showed an increase of £1.7bn over the period. Alternative Investments Macron’s Gold Rush: France in plot to SWIPE gold trade from London in Brexit grab News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66962/macronamprsquos-gold-rush-france-in-plot-to-swipe-gold-trade-from-london-in-brexit-grab France is reigniting historic rivalry with Britain with plans to snatch a share of global gold trade from London. Alternative Investments Legal & General launches income protection online hub News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66969/legal-ampamp-general-launches-income-protection-online-hub Craig Brown, director of Legal and General Intermediary said that while critical illness cover and life insurance were often the first protection solutions, for many customers IP could play an equally important role. Alternative Investments Schroders UK property trust boss prepares for downturn News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66970/schroders-uk-property-trust-boss-prepares-for-downturn The trust has a current yield of 4.2 per cent. Alternative Investments Lloyd’s opens Brussels office News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66976/lloydamprsquos-opens-brussels-office The company is established and operational with 50 staff based in the Belgian capital as well as 45 other staff across the continent. Alternative Investments Marsh combines specialty unit with JLT, reshuffles management News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66985/marsh-combines-specialty-unit-with-jlt-reshuffles-management In addition to becoming vice chairman of MMC and a member of the Marsh & McLennan executive committee, Dominic Burke, currently CEO of JLT Group, will become chairman of Marsh-JLT Specialty. Alternative Investments Belgian state becomes shareholder in securities manager Euroclear News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66927/belgian-state-becomes-shareholder-in-securities-manager-euroclear Euroclear regulates the securities transactions of 2,000 major investors, such as global pension funds and insurers. Alternative Investments Ogier advises Merian on £100m launch and listing News Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66929/ogier-advises-merian-on-amppound100m-launch-and-listing "Guernsey is the home of alternative investment funds and Merian Chrysalis is a great addition to Guernsey's already strong stable of listed investment funds." Alternative Investments London Stock Exchange Group Launches Reports On African Capital Markets News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66932/london-stock-exchange-group-launches-reports-on-african-capital-markets The reports will be launched at the African Investment Forum in Johannesburg. Alternative Investments Transact is most popular platform with advisers News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66938/transact-is-most-popular-platform-with-advisers The platform attracted net assets from retail advisers of £979m in the quarter, putting it £3m ahead of Standard Life and £19m ahead of AJ Bell. Alternative Investments Lloyds claims advice gap prompted push into advice News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66943/lloyds-claims-advice-gap-prompted-push-into-advice The business will launch by the middle of 2019 and will see Lloyds transfer some £13bn of assets and associated advisers from its existing wealth management business to the joint venture. Investment Banking Credit Agricole says on track after Q3 gains News Team Wednesday, November 07, 2018 12:00 am http://eubankers.net/article/66826/credit-agricole-says-on-track-after-q3-gains Kepler Cheuvreux analysts expect Credit Agricole to reach its 2019 net profit target this year. Investment Banking Chinese bank shrinks in London after £9m loss News Aggregation Team Wednesday, November 07, 2018 12:00 am http://eubankers.net/article/66833/chinese-bank-shrinks-in-london-after-amppound9m-loss Haitong's London operation, formed three years ago, has struggled to establish a sustainable business Investment Banking Stifel to Acquire German Brokerage MainFirst Bank in Preparation for Brexit News Team Wednesday, November 07, 2018 12:00 am http://eubankers.net/article/66842/stifel-to-acquire-german-brokerage-mainfirst-bank-in-preparation-for-brexit The deal will see the equity research unit of MainFirst combining with Stifel’s presence in the UK market. Investment Banking Lloyds Bank 'to cut 6,000 jobs but create 8,000 new ones' News Aggregation Team Tuesday, November 06, 2018 12:00 am http://eubankers.net/article/66772/lloyds-bank-amp039to-cut-6000-jobs-but-create-8000-new-onesamp039 Lloyds has been shutting High Street outlets as more customers do their banking through apps or on the internet. Investment Banking SocGen to sell Polish arm to Millennium News Aggregation Team Tuesday, November 06, 2018 12:00 am http://eubankers.net/article/66776/socgen-to-sell-polish-arm-to-millennium The closing of the transaction is expected to take place in the first half of 2019, said SocGen. Investment Banking JPMorgan Spreads Its Urban Development Money to Paris News Aggregation Team Monday, November 05, 2018 12:00 am http://eubankers.net/article/66739/jpmorgan-spreads-its-urban-development-money-to-paris The area was in the center of the riots that devastated suburbs all over France a decade ago. Investment Banking Deutsche Bank Is Doing Just Fine, Says Its Top Investment Banker News Aggregation Team Tuesday, October 30, 2018 12:00 am http://eubankers.net/article/66584/deutsche-bank-is-doing-just-fine-says-its-top-investment-banker Garth Ritchie says lender competitive, gaining some share Investment Banking Goldman and JPMorgan hit pause on intern recruiting ‘madness’ News Aggregation Team Tuesday, October 30, 2018 12:00 am http://eubankers.net/article/66594/goldman-and-jpmorgan-hit-pause-on-intern-recruiting-amplsquomadnessamprsquo A push in recent years to move up application deadlines isn’t bringing in the kinds of candidates the banks need Investment Banking Analysts Upgrade HSBC Bank News Aggregation Team Tuesday, October 30, 2018 12:00 am http://eubankers.net/article/66629/analysts-upgrade-hsbc-bank Analysts have upgraded HSBC to £8.80 per share from £7.04. The bank is currently trading at £6.34 making it undervalued Investment Banking Coming to the forefront: the rising role of the investment fund sector for financial stability in the euro area News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66953/coming-to-the-forefront-the-rising-role-of-the-investment-fund-sector-for-financial-stability-in-the-euro-area One reason why the Federal Reserve Bank of New York decided to facilitate the private-sector bail-out of LTCM was precisely because it was concerned about market dislocations should the company fail on some of its obligations. Comment, Analysis & Research Addressing the Pensions Gender Gap imbalance - Six practical steps all Women can take right now News Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66957/addressing-the-pensions-gender-gap-imbalance-six-practical-steps-all-women-can-take-right-now Many in the industry appear happy to accept the status quo as a fait accompli, which isn’t terribly helpful, and is unnecessary as far as LEBC The Retirement Adviser is concerned. Comment, Analysis & Research You can't get 8% on the High Street, can you? Yes you can...... you really can.... News Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66958/you-canamp039t-get-8-on-the-high-street-can-you-yes-you-can-you-really-can Chilango, which serves vibrant Mexican food, is raising growth capital to expand its restaurant estate. Comment, Analysis & Research European Regulation Survey: The Impact of Brexit and BEPS News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66961/european-regulation-survey-the-impact-of-brexit-and-beps As a leading global provider of specialised legal, fiduciary and fund services and with extensive experience working with a range of clients located in and/or conducting business in the EU, the Maples group has unique insights into the practicalities of p Comment, Analysis & Research ETFs in Europe are just getting started News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66978/etfs-in-europe-are-just-getting-started It’s only just begun with that part of the market, and we are also going to see factor-investing coming into fixed income. Comment, Analysis & Research Special Report: Double agents - How football clubs, players and advisers play the tax game News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66926/special-report-double-agents-how-football-clubs-players-and-advisers-play-the-tax-game An examination of thousands of documents relating to some of the world's richest football clubs shows how clubs and players have repeatedly clashed with the tax authority over the role and pay of agents. Comment, Analysis & Research I'm a British expat with a foreign wife - can she inherit my pensions if I die while living overseas? News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66930/iamp039m-a-british-expat-with-a-foreign-wife-can-she-inherit-my-pensions-if-i-die-while-living-overseas When it comes to any UK private pensions you have, the amount your wife could inherit will depend on the type of scheme you saved in. Comment, Analysis & Research Gender neutral state pension starts in UK News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66931/gender-neutral-state-pension-starts-in-uk But the reality of money in old age is far from equal Comment, Analysis & Research Listen to an expert... for less: Nutmeg's financial advice service offers free initial assessment - but is it worth it? News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66948/listen-to-an-expert-for-less-nutmegamp039s-financial-advice-service-offers-free-initial-assessment-but-is-it-worth-it One of the latest proposals is from Nutmeg – an online wealth manager – which aims to simplify investing for the masses and cut costs. Comment, Analysis & Research “Events, dear boy, events” by Tim Price News Aggregation Team Sunday, November 11, 2018 12:00 am http://eubankers.net/article/66905/ampldquoevents-dear-boy-eventsamprdquo-by-tim-price Time to wheel out the big guns. Comment, Analysis & Research Netherlands to close tax avoidance loophole News Aggregation Team Tuesday, November 13, 2018 12:00 am http://eubankers.net/article/66980/netherlands-to-close-tax-avoidance-loophole Despite being the legal heart of Google’s intellectual wealth, Google Netherlands Holdings had no employees and paid a tax bill of €2.8 million. Tax France to hunt for tax cheats on social media News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66928/france-to-hunt-for-tax-cheats-on-social-media The idea is to identify potential frauds by analysing publicly-available data on individuals' social media accounts, Darmanin said, according to excerpts of the show to be broadcast on Sunday. Tax Taxman To Tackle Wealthy Families With Trusts News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66939/taxman-to-tackle-wealthy-families-with-trusts Trusts set up as part of estate planning exercises to minimise inheritance tax are specific targets for the consultation. Tax EU targets tax loopholes on Isle of Man and Italy News Aggregation Team Monday, November 12, 2018 12:00 am http://eubankers.net/article/66942/eu-targets-tax-loopholes-on-isle-of-man-and-italy The Isle of Man and Italy have reportedly given illegal tax breaks to some of the world’s wealthiest people over their purchases of private jets and yachts. And now the European Commission has launched infringement proceedings. Tax KPMG forced to clean up its act as Big Four accountancy firm halts working as auditor for top British companies News Aggregation Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66904/kpmg-forced-to-clean-up-its-act-as-big-four-accountancy-firm-halts-working-as-auditor-for-top-british-companies It comes amid intense scrutiny of the industry following high-profile company collapses, such as at construction giant Carillion and former retailer BHS, which have damaged public trust in the audit process. Tax ABN Amro: No tax dispute with Germany over "dividend stripping" News Aggregation Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66890/abn-amro-no-tax-dispute-with-germany-over-ampquotdividend-strippingampquot In a statement, ABN said “no provision has been taken anymore for tax risks” in the case. Tax French fund manager Carmignac Gestion probed for tax fraud News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66854/french-fund-manager-carmignac-gestion-probed-for-tax-fraud Investigation concerns how some executives were paid through a Luxembourg unit Tax Smith & Williamson Advises on £5.5M Technology Deal News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66859/smith-ampamp-williamson-advises-on-amppound55m-technology-deal The transaction was led by Iain Lownes, partner and corporate finance director, and Paul Stagg, Senior Manager, at Smith & Williamson. Tax Aviva's platform clients face taxman's wrath News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66877/avivaamp039s-platform-clients-face-taxmanamp039s-wrath The self assessment tax deadline is 31 January. Tax UK renews crackdown on offshore tax evasion News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66901/uk-renews-crackdown-on-offshore-tax-evasion This legislation is expected to come in the 2018-2019 finance bill, according to the budget. Tax Commerzbank third-quarter net profit slides 53 percent but outlook unchanged News Aggregation Team Thursday, November 08, 2018 12:00 am http://eubankers.net/article/66874/commerzbank-third-quarter-net-profit-slides-53-percent-but-outlook-unchanged Stephen Engels, the bank's chief financial officer, told CNBC that the bank's strategy was the right one despite strong competition. Retail Banking Lloyds shakes up workforce as it goes digital News Aggregation Team Tuesday, November 06, 2018 12:00 am http://eubankers.net/article/66788/lloyds-shakes-up-workforce-as-it-goes-digital It is understood the bank will not be announcing any further branch closures. Retail Banking HSBC and UBS shut offices in Nigeria News Aggregation Team Sunday, November 04, 2018 12:00 am http://eubankers.net/article/66738/hsbc-and-ubs-shut-offices-in-nigeria HSBC had recently become mired in the country’s political debate. Retail Banking RBS beats forecasts but cautions on Brexit uncertainty News Team Friday, October 26, 2018 1:00 am http://eubankers.net/article/66510/rbs-beats-forecasts-but-cautions-on-brexit-uncertainty RBS reports Q3 Results. Retail Banking Metro Bank profits jump 197% as it adds 100,000 new customers News Team Wednesday, October 24, 2018 1:00 am http://eubankers.net/article/66442/metro-bank-profits-jump-197-as-it-adds-100000-new-customers Lender said business and commercial accounts make up the bulk of deposits, which hit £14.8bn in the third quarter Retail Banking Lloyds planning £2bn share buyback next year – report News Aggregation Team Monday, October 22, 2018 1:00 am http://eubankers.net/article/66382/lloyds-planning-amppound2bn-share-buyback-next-year-ampndash-report A source told the FT plans were at an early stage, and that no finalised decision would take place until a meeting of the bank’s board in February. Retail Banking Barclays to challenge Goldman’s Marcus in US retail banking News Aggregation Team Monday, October 15, 2018 1:00 am http://eubankers.net/article/66154/barclays-to-challenge-goldmanamprsquos-marcus-in-us-retail-banking Lender to draw on UK experience to target consumers wanting a digital-only service Retail Banking Metro Bank rolls out money management Insights News Aggregation Team Friday, October 12, 2018 1:00 am http://eubankers.net/article/66132/metro-bank-rolls-out-money-management-insights Insights is all about using technology to make customers’ lives easier Retail Banking Banca Generali reports September net inflows of €310 million News Team Wednesday, October 10, 2018 1:00 am http://eubankers.net/article/66035/banca-generali-reports-september-net-inflows-of-ampeuro310-million Assets under Advisory amounted to €2.3 billion. Retail Banking Goldman Sachs' new retail bank Marcus has signed up 50,000 UK customers in under 2 weeks News Aggregation Team Tuesday, October 09, 2018 1:00 am http://eubankers.net/article/66016/goldman-sachsamp039-new-retail-bank-marcus-has-signed-up-50000-uk-customers-in-under-2-weeks The number of signups has been far in excess of what the bank expected, Des McDaid, who is leading the project in the UK said last week. Retail Banking Thinking Ahead by Caroline-Wayman News Team Wednesday, November 07, 2018 12:00 am http://eubankers.net/article/66835/thinking-ahead-by-caroline-wayman The FCA has now set out the next steps in improving pensions advice Pensions How to advise clients on DB transfers News Aggregation Team Tuesday, November 06, 2018 12:00 am http://eubankers.net/article/66800/how-to-advise-clients-on-db-transfers Understand what the FCA has issued on pension transfer advice and who is eligible to give advice Pensions Third of pension schemes in surplus but have not agreed long-term targets News Aggregation Team Monday, November 05, 2018 12:00 am http://eubankers.net/article/66742/third-of-pension-schemes-in-surplus-but-have-not-agreed-long-term-targets The sector has enjoyed further improvement in 2018, and currently hovers around the £10 billion mark. Pensions LEBC The Retirement Adviser Welcomes Goverment Consultation On Helping Self Employed To Save News Team Monday, November 05, 2018 12:00 am http://eubankers.net/article/66749/lebc-the-retirement-adviser-welcomes-goverment-consultation-on-helping-self-employed-to-save These short-term pressures can make planning for the longer term a low priority. Pensions Govt in discussions over state pension in EFTA countries News Aggregation Team Monday, November 05, 2018 12:00 am http://eubankers.net/article/66750/govt-in-discussions-over-state-pension-in-efta-countries The countries are part of the European Economic Area and European Free Trade Association, an intergovernmental organisation set up to promote free trade and the countries' economic integration. Pensions Dutch retirement age increase delayed as life expectancy stalls News Aggregation Team Friday, November 02, 2018 12:00 am http://eubankers.net/article/66727/dutch-retirement-age-increase-delayed-as-life-expectancy-stalls The state pension age in the Netherlands is based on an annual longevity estimate from Statistics Netherlands and the legal formula for the retirement age. Pensions Govt gets £400m windfall from pension withdrawals News Aggregation Team Tuesday, October 30, 2018 12:00 am http://eubankers.net/article/66615/govt-gets-amppound400m-windfall-from-pension-withdrawals Last year OBR figures had to be revised down because it expected £500m less in tax receipts from pension withdrawals. Pensions Pension fund investments 'unlikely to be suitable' News Aggregation Team Tuesday, October 30, 2018 12:00 am http://eubankers.net/article/66616/pension-fund-investments-amp039unlikely-to-be-suitableamp039 HM Treasury had presented a document alongside the Budget which explores options for pooled investments in patient capital by DC schemes. Pensions DFM and Sipp provider enters administration News Aggregation Team Friday, October 26, 2018 1:00 am http://eubankers.net/article/66527/dfm-and-sipp-provider-enters-administration The sale is for an undisclosed sum but Hartley has taken on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books, the firm tells Money Marketing. Pensions Pressure grows on govt over dashboard data News Aggregation Team Thursday, October 25, 2018 1:00 am http://eubankers.net/article/66478/pressure-grows-on-govt-over-dashboard-data But Adrian Boulding, director of policy at Now: Pensions, said without legislation it will be impossible to get information on all occupational pensions on the dashboard. Pensions European Central Bank warns Ireland to prepare for no-deal Brexit News Aggregation Team Friday, November 09, 2018 12:00 am http://eubankers.net/article/66898/european-central-bank-warns-ireland-to-prepare-for-no-deal-brexit IRELAND has been warned to prepare for a no-deal Brexit by European Central Bank (ECB) boss Mario Draghi. Brexit France’s Top 3 Banks Prepare to Cut U.K. Staff Because of Brexit News Aggregation Team Wednesday, November 07, 2018 12:00 am http://eubankers.net/article/66843/franceamprsquos-top-3-banks-prepare-to-cut-uk-staff-because-of-brexit Credit Agricole is currently preparing to relocate as many as 100 positions from London to Paris and other cities, and it will continue to adapt staffing based on business needs, Grivet said. Brexit Alarm Raised by EU Loyalist Over ‘Cliff Edge’ Facing Banks News Aggregation Team Monday, November 05, 2018 12:00 am http://eubankers.net/article/66756/alarm-raised-by-eu-loyalist-over-amplsquocliff-edgeamprsquo-facing-banks “I’ve pushed hard for the EU Commission to start preparing for a no-deal Brexit,” Rasmussen said in an interview on Friday. Brexit Brexit and Financial Services: The Final Countdown News Team Monday, November 05, 2018 12:00 am http://eubankers.net/article/66762/brexit-and-financial-services-the-final-countdown Given that at the point of Brexit the UK will have identical rules to the EU, the UK Government has proposed that there should be reciprocal recognition of equivalence under all existing third country regimes Brexit UK demand for Irish passports surges as Brexit nears News Aggregation Team Thursday, November 01, 2018 12:00 am http://eubankers.net/article/66678/uk-demand-for-irish-passports-surges-as-brexit-nears Details of the surge came as the immigration minister warned that Britons travelling in Europe could face long delays in airport queues if there is a no-deal Brexit. Brexit France and Italy dangle juiciest EU tax breaks for Brexit bankers News Aggregation Team Thursday, November 01, 2018 12:00 am http://eubankers.net/article/66680/france-and-italy-dangle-juiciest-eu-tax-breaks-for-brexit-bankers Incentives part of efforts to lure financial services jobs to continent Brexit The U.K. and EU Have Reportedly Reached a Brexit Deal on Financial Services News Aggregation Team Thursday, November 01, 2018 12:00 am http://eubankers.net/article/66682/the-uk-and-eu-have-reportedly-reached-a-brexit-deal-on-financial-services If the EU decides the U.K.’s rules are no longer equivalent, it would give “significantly longer” than the 30 days set out in current deals. Brexit UBS to shift 64 jobs from London in initial Brexit move News Aggregation Team Thursday, November 01, 2018 12:00 am http://eubankers.net/article/66684/ubs-to-shift-64-jobs-from-london-in-initial-brexit-move The majority of those affected by the UK leaving the EU will go to Frankfurt, and more could follow Brexit Australia is the latest country whose banks are planning to abandon London as Brexit looms News Aggregation Team Tuesday, October 30, 2018 12:00 am http://eubankers.net/article/66579/australia-is-the-latest-country-whose-banks-are-planning-to-abandon-london-as-brexit-looms Many foreign financial institutions are frustrated — like many UK businesses — by the lack of any real clarity over what sort of Brexit the UK will actually achieve when the Article 50 period runs out in March next year. Brexit EU pledges access to UK clearing houses in no-deal Brexit News Aggregation Team Tuesday, October 30, 2018 12:00 am http://eubankers.net/article/66623/eu-pledges-access-to-uk-clearing-houses-in-no-deal-brexit Short-term permission reflects Brussels’ fears over financial stability of bloc Brexit