The European Banking News Network http://eubankers.net/ Mon, 21 Aug 2017 11:49:02 GMT part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png The European Banking News Network KohanaPHP Investcorp Agrees to Acquire an Interest in a Swiss Private Bank News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55904/investcorp-agrees-to-acquire-an-interest-in-a-swiss-private-bank Completion of the transaction is subject to various regulatory approvals Wealth and Asset Management Rathbones plots £2bn merger with wealth rival News Aggregation Team Sunday, August 20, 2017 12:00 am http://eubankers.net/article/55902/rathbones-plots-amppound2bn-merger-with-wealth-rival A tie-up between will create a wealth manager with more than £50bn under management Wealth and Asset Management King’s Lynn wealth management firm celebrates exceptional growth News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55880/kingamprsquos-lynn-wealth-management-firm-celebrates-exceptional-growth To celebrate its 15th anniversary and its long list of achievements, the firm will be holding an open day in October attended by the borough mayor. Wealth and Asset Management Old Mutual Wealth chief: I was not prepared to announce more platform delays News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55889/old-mutual-wealth-chief-i-was-not-prepared-to-announce-more-platform-delays I took that decision and I am responsible for it Wealth and Asset Management RLAM reports 357% rise in inflows in 'more stable' 2017 News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55840/rlam-reports-357-rise-in-inflows-in-amp039more-stableamp039-2017 Funds under management for the business reached £106 billion during the period, up from £100 billion at 31 December 2016. Wealth and Asset Management WHIreland Int’l rebrands amid bid to become ‘IoM’s largest wealth manager’ News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55862/whireland-intamprsquol-rebrands-amid-bid-to-become-amplsquoiomamprsquos-largest-wealth-manageramprsquo The move also underlines the international focus of the Isle of Man business and sets it apart from the WHIreland Wealth Management division in the UK, the company said. Wealth and Asset Management UBS Wealth raises forecasts for French GDP News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55869/ubs-wealth-raises-forecasts-for-french-gdp UBS Wealth said high levels of business and consumer confidence will translate into higher investment and consumption. Wealth and Asset Management Close Brothers swaps tracker for Schroders' US income fund News Aggregation Team Tuesday, August 15, 2017 12:00 am http://eubankers.net/article/55782/close-brothers-swaps-tracker-for-schrodersamp039-us-income-fund Like Schroders’ other Maximiser funds, the US vehicle – launched in April – boosts its yield by writing call options on underlying stocks. Wealth and Asset Management Hargreaves Lansdown enjoys end-of-tax-year boost News Team Tuesday, August 15, 2017 12:00 am http://eubankers.net/article/55775/hargreaves-lansdown-enjoys-end-of-tax-year-boost Despite 'considerable investment challenges' Wealth and Asset Management Advantage Malta: targeting high-net-worth individuals News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55727/advantage-malta-targeting-high-net-worth-individuals Mr Briffa is synonymous with the operation of Sun Seeker Malta, and through his company Yacht Hub has strengthened the brand’s presence in the Mediterranean region. Wealth and Asset Management New Bank of Ireland CEO summons executives to UK News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55912/new-bank-of-ireland-ceo-summons-executives-to-uk Who led the bank's wealth management business for a time and most recently acted as interim managing director at the group's insurance subsidiary. Executive Moves Scottish Building Society appoints Raymond Abbot as new chairman News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55875/scottish-building-society-appoints-raymond-abbot-as-new-chairman Abbot has been vice-chairman and a senior independent director at the society since 2015 and a member of its board since 2013 Executive Moves Daniel S. Gerber Appointed New CEO of Falcon Private WEalth Ltd. in London News Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55877/daniel-s-gerber-appointed-new-ceo-of-falcon-private-wealth-ltd-in-london He will succeed Simon Gaston who has decided to pursue an opportunity outside of Falcon. Executive Moves ING appoints Plummer as Europe head of syndicated finance News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55888/ing-appoints-plummer-as-europe-head-of-syndicated-finance Clarence has done an excellent job in building ING’s syndicated finance business Executive Moves Head of global income growth team departs Baillie Gifford News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55884/head-of-global-income-growth-team-departs-baillie-gifford He was also manager of the Scottish American investment trust (SAINTS) and the £491m open-ended Baillie Gifford Global Income Growth fund. Executive Moves Brickendon promotes two to Executive Director roles News Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55885/brickendon-promotes-two-to-executive-director-roles Sales in the first quarter were up 60 per cent on the same period a year earlier and the firm is on track to target group-wide sales of £30m by the end of year. Executive Moves Top BAML FX trader turned chief risk officer at Citadel has now quit News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55887/top-baml-fx-trader-turned-chief-risk-officer-at-citadel-has-now-quit Huteau worked in senior trading roles in London for nearly 20 years before leaving the sell-side and the front office to join Citadel in October 2013. Executive Moves Frenkel Topping CFO joins Liberty SIPP after 12 years News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55891/frenkel-topping-cfo-joins-liberty-sipp-after-12-years As finance and operations director Executive Moves Baar boutique hires two ex-HSBC hedge fund specialists News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55892/baar-boutique-hires-two-ex-hsbc-hedge-fund-specialists The two new hires strengthen the specialist boutique’s expertise in liquid alternative investment Executive Moves Former Linklaters leveraged finance chief Gray exits firm News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55896/former-linklaters-leveraged-finance-chief-gray-exits-firm Senior finance partner retires after 10 years at magic circle firm Executive Moves Ukraine arrests French-Israeli wanted in ‘fake CEO’ scam News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55905/ukraine-arrests-french-israeli-wanted-in-amplsquofake-ceoamprsquo-scam Gilbert Chikli, living in Israel since 2009, nabbed along with another French-Israeli suspect Legal, Regulation & Compliance Government to ban all cold calling on pensions in crackdown on multimillion-pound scams News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55906/government-to-ban-all-cold-calling-on-pensions-in-crackdown-on-multimillion-pound-scams Other measures include tougher action to halt the transfer of money from occupational pension schemes into fraudulent ones Legal, Regulation & Compliance Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs in Continuing SEC Crackdown News Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55920/banca-imi-securities-to-pay-35-million-for-improper-handling-of-adrs-in-continuing-sec-crackdown The SEC’s order finds that BISC obtained pre-released ADRs and lent them to counterparties without satisfying the proper requirements. Legal, Regulation & Compliance UK banks plan for new accounting rules on bad loans News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55910/uk-banks-plan-for-new-accounting-rules-on-bad-loans The survey sample included five large banks in the UK. Legal, Regulation & Compliance SEC Drops Suit Against 'London Whale' Traders News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55911/sec-drops-suit-against-amp039london-whaleamp039-traders Recent, unspecified statements and writings by the London Whale himself, Bruno Iksil, undermined prosecutors' plans to call him as a witness against Julien Grout and Javier Martin-Artajo, shown in 2013 Legal, Regulation & Compliance Law firm quit as Barclays adviser over Qatar loan fears News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55914/law-firm-quit-as-barclays-adviser-over-qatar-loan-fears Linklaters concerned deal during financial crisis would be illegal, documents show Legal, Regulation & Compliance Regulators get ready to authorise 'ring-fenced' British banks News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55919/regulators-get-ready-to-authorise-amp039ring-fencedamp039-british-banks Ring fencing is a vital piece of the post-crisis reform architecture. Legal, Regulation & Compliance Tatfondbank Bank collapse: investigators come after Robert Musin’s offshore companies News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55922/tatfondbank-bank-collapse-investigators-come-after-robert-musinamprsquos-offshore-companies They were quickly liquidated once Tatfondbank’s issues went public. Legal, Regulation & Compliance Russian watchdog asks Alfa Capital to withdraw research note on banks News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55881/russian-watchdog-asks-alfa-capital-to-withdraw-research-note-on-banks Alfa Bank and its unit Alfa Capital both said on Wednesdday that the research note was the personal opinion of its author and that the bank and the asset management company did not share this opinion. Legal, Regulation & Compliance Herbert Smith Freehills - Financial regulation update Herbert Smith Freehills Friday, August 18, 2017 12:00 am http://eubankers.net/article/55882/herbert-smith-freehills-financial-regulation-update FCA consultation on 2017/18 fee rates for market infrastructure providers Legal, Regulation & Compliance Instinet’s second liquidity streaming relationship goes live with Sun Trading News Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55883/instinetamprsquos-second-liquidity-streaming-relationship-goes-live-with-sun-trading Providing buy and sell side clients with additional bilateral liquidity ahead of MiFID II FinTech 'Re:Platforming' - How will platforms bring advisers and clients up to speed? News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55831/amp039replatformingamp039-how-will-platforms-bring-advisers-and-clients-up-to-speed Our series continues FinTech Digital Strategy, Legacy Systems & John Lewis – The Inconvenient Truth News Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55850/digital-strategy-legacy-systems-ampamp-john-lewis-ampndash-the-inconvenient-truth The number one priority for many wealth management and advisory companies is around focusing on the customer and finding ways to differentiate themselves against the competition. FinTech HSBC to launch 'gamechanger' broker platform News Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55856/hsbc-to-launch-amp039gamechangeramp039-broker-platform HSBC has selected Capita’s Omiga mortgage software, as the bank seeks to further grow its broker distribution channel for mortgages. FinTech Credit Suisse sells FastMatch to Euronext News Team Wednesday, August 16, 2017 12:00 am http://eubankers.net/article/55818/credit-suisse-sells-fastmatch-to-euronext Credit Suisse Asset Management’s NEXT Investors has sold FastMatch, an electronic communication network in the spot foreign exchange market. The buyer was Euronext. No financial terms were disclosed. FinTech German Fintech Startup Acquires Rival News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55746/german-fintech-startup-acquires-rival The unusual transaction between the startups comes as banks themselves are circling fintech firms. FinTech MUFG join Neptune as the third Dealer in 3 weeks News Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55749/mufg-join-neptune-as-the-third-dealer-in-3-weeks Neptune Networks Ltd is a data network which was incorporated in July 2016 FinTech Fund managers deny AI threatens jobs News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55761/fund-managers-deny-ai-threatens-jobs Finance industry says artificial intelligence will create more opportunities FinTech JHC launches risk analytics tool for wealth managers News Team Friday, August 11, 2017 12:00 am http://eubankers.net/article/55719/jhc-launches-risk-analytics-tool-for-wealth-managers This is the first time that wealth managers and private bankers will be able to access detailed and timely risk data on-the-go FinTech ALEX BRUMMER: Grand larceny of UK tech while the clueless politicians sit back and watch News Aggregation Team Thursday, August 10, 2017 12:00 am http://eubankers.net/article/55674/alex-brummer-grand-larceny-of-uk-tech-while-the-clueless-politicians-sit-back-and-watch The two sides have now come up with a series of messy compromises. FinTech Asset managers ban investments in German carmakers News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55923/asset-managers-ban-investments-in-german-carmakers Three financial groups respond to investigation of alleged industry collusion Alternative Investments Maersk seeks role in trade finance as banks retreat News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55841/maersk-seeks-role-in-trade-finance-as-banks-retreat Maersk Line, the world's biggest container shipper, is venturing into trade finance, as it seeks to fill a lending gap left by indebted banks pulling out of the crisis-hit shipping industry. Moving into traditional bank territory and further down th Alternative Investments Phoenix chief: exit fees 'only part of the picture' News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55845/phoenix-chief-exit-fees-amp039only-part-of-the-pictureamp039 Moss is also eager to improve the firm’s digital service for its customers and defended its exit fees for under 55s claiming there are reasons for them to be in place. Alternative Investments VAM Funds partners with Novia Global and Old Mutual Int’l News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55860/vam-funds-partners-with-novia-global-and-old-mutual-intamprsquol The new offering to advisers comes with an annual management charge of 0.85% and follows both the recent launch of a D share class option. Alternative Investments A Guide To Selling Irish Regulated Investment Funds In Asia News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55865/a-guide-to-selling-irish-regulated-investment-funds-in-asia The Irish Stock Exchange is the leading stock exchange globally for the listing of investment funds. Alternative Investments Davy AM plans second ethical fund following client demand News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55866/davy-am-plans-second-ethical-fund-following-client-demand Postpones plans for second enhanced income product Alternative Investments Prudential to offload broker-dealer network in US News Team Wednesday, August 16, 2017 12:00 am http://eubankers.net/article/55821/prudential-to-offload-broker-dealer-network-in-us The transaction has closed after receiving all necessary regulatory approvals and the transition is expected to be completed by the end of the first quarter of 2018. Alternative Investments 7IM hikes gold to record high to weather market risk News Aggregation Team Wednesday, August 16, 2017 12:00 am http://eubankers.net/article/55826/7im-hikes-gold-to-record-high-to-weather-market-risk Exposure outweighs ‘Ireland, UAE and Czech Republic’ Alternative Investments DeVere’s Europe expansion continues with first Austria office News Aggregation Team Wednesday, August 16, 2017 12:00 am http://eubankers.net/article/55827/devereamprsquos-europe-expansion-continues-with-first-austria-office DeVere Group is to open its first office in Austria as part of its “ambitious expansion” across western Europe, which saw the company re-open its office in Madrid three years after shutting it down. Alternative Investments Norway appoints commission to assess wealth fund's asset management strategy News Aggregation Team Tuesday, August 15, 2017 12:00 am http://eubankers.net/article/55779/norway-appoints-commission-to-assess-wealth-fundamp039s-asset-management-strategy The finance ministry holds the formal responsibility for the management of the fund Alternative Investments Macquarie completes £2.3bn Green Investment Bank deal News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55876/macquarie-completes-amppound23bn-green-investment-bank-deal Australian group says it will build on GIB’s legacy of promoting renewable energy Investment Banking Barclays Puts in Sensors to See Which Bankers Are at Their Desks News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55897/barclays-puts-in-sensors-to-see-which-bankers-are-at-their-desks Heat-sensing ‘OccupEye’ records usage, promotes ‘hot-desking’ Investment Banking Georgia's BGEO profit up ahead of banking, investment split News Aggregation Team Wednesday, August 16, 2017 12:00 am http://eubankers.net/article/55820/georgiaamp039s-bgeo-profit-up-ahead-of-banking-investment-split BGEO said in July that it intended to demerge into London-listed banking and investment businesses. Investment Banking JPM joins fund firms pledging to swallow research costs News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55755/jpm-joins-fund-firms-pledging-to-swallow-research-costs We also utilise external analyst research where we believe it can add value to client portfolios. Investment Banking Investment banks want in on bitcoin frenzy, but don’t know how News Aggregation Team Friday, August 11, 2017 12:00 am http://eubankers.net/article/55706/investment-banks-want-in-on-bitcoin-frenzy-but-donamprsquot-know-how Commerzbank is touting a structured note offering ‘exposure to bitcoin without actually investing in it directly’, reports Bloomberg. Investment Banking Goldman Sachs to sell stake in pensions firm News Aggregation Team Monday, August 07, 2017 12:00 am http://eubankers.net/article/55521/goldman-sachs-to-sell-stake-in-pensions-firm The transaction is expected to value Rothesay at about $GBP2 billion, although that figure is not expected to be disclosed, according to a source close to one of the shareholders. Investment Banking Presenting the rock stars of European investment News Aggregation Team Monday, August 07, 2017 12:00 am http://eubankers.net/article/55533/presenting-the-rock-stars-of-european-investment Basel Tier One capital ratio and obviated the need for an IPO of its Swiss Universal Bank unit. Investment Banking Barclays and the reinvention of the UK banking sector News Aggregation Team Monday, August 07, 2017 12:00 am http://eubankers.net/article/55534/barclays-and-the-reinvention-of-the-uk-banking-sector The restructuring of the non-core division is almost over, even though it has cost Barclays £6.7 billion in cumulative losses. Investment Banking Bank play by HNA denied News Aggregation Team Monday, August 07, 2017 12:00 am http://eubankers.net/article/55536/bank-play-by-hna-denied The European Central Bank is said to be considering a review of the bank's two largest shareholders. Investment Banking Another Chinese bank heads for Europe News Aggregation Team Monday, August 07, 2017 12:00 am http://eubankers.net/article/55565/another-chinese-bank-heads-for-europe Uncertainties with the passporting rule have prompted many Chinese banks to consider adding offices inside EU countries Investment Banking How do you solve a problem like productivity? by Penny Lovell Penny Lovell Monday, August 21, 2017 12:00 am http://eubankers.net/article/55899/how-do-you-solve-a-problem-like-productivity-by-penny-lovell That the nation’s productivity has declined to pre-2007 levels should be a real cause for concern for business, especially when you compare our situation to the rest of our G7 peers. Comment, Analysis & Research Maths versus magic by Tim Price Tim Price Monday, August 21, 2017 12:00 am http://eubankers.net/article/55900/maths-versus-magic-by-tim-price If investors were rational, they would choose their investments on the basis of valuation. Comment, Analysis & Research Just what are you paying on your investments? by Justin Urquhart Stewart Justin Urquhart Stewart Monday, August 21, 2017 12:00 am http://eubankers.net/article/55901/just-what-are-you-paying-on-your-investments-by-justin-urquhart-stewart While it flagged that a lot of good is achieved by the investment industry, the publication also identified a number of areas for improvement. Comment, Analysis & Research Consumer Squeeze Puts Uk Equity UNder Pressure Summary - Coutts News Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55903/consumer-squeeze-puts-uk-equity-under-pressure-summary-coutts The latest figures show the rate of growth has fallen, as expected, suggesting that consumers are feeling the pinch. Comment, Analysis & Research Why Deutsche Bank Is at the Mercy of Regulators: QuickTake Q&A News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55909/why-deutsche-bank-is-at-the-mercy-of-regulators-quicktake-qampampa But now it seems Cryan may have gotten ahead of himself. Comment, Analysis & Research Italian Managed Wealth: Why Are Italian Investors Abandoning Fixed Income Assets? News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55913/italian-managed-wealth-why-are-italian-investors-abandoning-fixed-income-assets Coming back to the three main points highlighted above, it’s worth trying to understand why these three patterns occurred, and why they are so significant in Italy, relative to other countries. Comment, Analysis & Research Global Dividends soar to record heights News Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55915/global-dividends-soar-to-record-heights This was the fastest rate of growth since 2015, with new quarterly records in the US, Japan, Switzerland, Netherlands, Belgium, Indonesia, and South Korea. Comment, Analysis & Research CIO weekly from Gary Dugan - The Rise of US Country Risk Gary Dugan Monday, August 21, 2017 12:00 am http://eubankers.net/article/55916/cio-weekly-from-gary-dugan-the-rise-of-us-country-risk While Donald Trump is the face of the US’s problems the bulk of the political elite shows few signs of coming up with solutions for the country’s long-term problems Comment, Analysis & Research 'You don't just build a bank overnight': Digital start-up Starling taking financial services by storm News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55921/amp039you-donamp039t-just-build-a-bank-overnightamp039-digital-start-up-starling-taking-financial-services-by-storm There was "no single moment" that made her want to quit, but speaking with fintech entrepreneurs in Australia and the United States gave her a realization of how she wanted to change retail banking. Comment, Analysis & Research Policy divergence between these central banks could lead to a currency war, strategist warns News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55918/policy-divergence-between-these-central-banks-could-lead-to-a-currency-war-strategist-warns What we have seen over the past few weeks is an example. Comment, Analysis & Research London landlords 'avoiding £200m in tax' by not declaring income News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55830/london-landlords-amp039avoiding-amppound200m-in-taxamp039-by-not-declaring-income HMRC said to be investigating reports that 13,000 renters did not declare rental revenue Tax Jersey property companies lose tax residence case News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55833/jersey-property-companies-lose-tax-residence-case The exclusion from capital gains tax for these vehicles only applies where the vehicle is “centrally managed and controlled” outside the UK (this being the test for UK tax residence). Tax Corporation tax: The race Britain can never win News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55853/corporation-tax-the-race-britain-can-never-win Britain will never win a race to the bottom. Tax How Does Inheritance Tax Work in Ireland? News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55873/how-does-inheritance-tax-work-in-ireland Inheritance is tax-free up to a certain threshold Tax Is Italy the newest tax haven for non-doms? George Bull Wednesday, August 16, 2017 12:00 am http://eubankers.net/article/55815/is-italy-the-newest-tax-haven-for-non-doms Many long-term UK-resident non-UK domiciled individuals may be wondering where to move to next, now that the government has confirmed that the long-awaited changes to the taxation of non-doms will indeed apply from 6 April 2017. Non-doms who have been UK- Tax Clients flag concerns about tax-free cash News Aggregation Team Tuesday, August 15, 2017 12:00 am http://eubankers.net/article/55803/clients-flag-concerns-about-tax-free-cash They do not trust the politicians or the sustainability of the pension system. Tax HMRC warns taxpayers over ‘disguised remuneration’ manoeuvre News Aggregation Team Tuesday, August 15, 2017 12:00 am http://eubankers.net/article/55804/hmrc-warns-taxpayers-over-amplsquodisguised-remunerationamprsquo-manoeuvre Ruses to escape crackdown on trust-based tax scheme ‘don’t work’, authority says Tax Cyprus Bank Said to Help Porn Ring Launder Money News Aggregation Team Friday, August 11, 2017 12:00 am http://eubankers.net/article/55713/cyprus-bank-said-to-help-porn-ring-launder-money FBME Bank’s Cyprus unit said to be home to a myriad of illegal schemes Tax Unexpected tax bills for property ‘flippers’? by George Bull George Bull Thursday, August 10, 2017 12:00 am http://eubankers.net/article/55673/unexpected-tax-bills-for-property-amplsquoflippersamprsquo-by-george-bull With short-term property speculation running at its highest level since 2007, we question whether ‘flippers’ are giving enough thought to their tax bills. Tax €16.8 million recovered from Panama Papers, Swiss Leaks News Aggregation Team Thursday, August 10, 2017 12:00 am http://eubankers.net/article/55683/ampeuro168-million-recovered-from-panama-papers-swiss-leaks 96 individuals or firms undergoing full tax investigation Tax Barclays ring-fencing project means downtime for customers News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55858/barclays-ring-fencing-project-means-downtime-for-customers Barclays told customers it would be carrying out work to align with new banking legislation. Retail Banking Bulgarian banks show interest in financing projects of SMEs under Juncker Plan News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55871/bulgarian-banks-show-interest-in-financing-projects-of-smes-under-juncker-plan The financing of the new programme is jointly provided by BDB and EIB as part of the EU's Investment Plan for Europe. Retail Banking Russian lender looks to Africa for expansion News Aggregation Team Tuesday, August 15, 2017 12:00 am http://eubankers.net/article/55790/russian-lender-looks-to-africa-for-expansion Russia's second biggest bank VTB opened its subsidiary Bank VTB-Africa in Angola in 2006 Retail Banking Royal Bank of Scotland to cut nearly 900 IT jobs in London, union Unite says News Aggregation Team Tuesday, August 15, 2017 12:00 am http://eubankers.net/article/55808/royal-bank-of-scotland-to-cut-nearly-900-it-jobs-in-london-union-unite-says The decade of slashing jobs has done nothing to boost morale. Retail Banking Government bank bailout: All but 5 per cent of bailout recovered News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55729/government-bank-bailout-all-but-5-per-cent-of-bailout-recovered The spending watchdog adds that only £7billion of the £60billion bailout that Northern Rock received is still outstanding. Retail Banking Co-operative Bank sheds customers amid its £700million hedge fund rescue deal News Aggregation Team Friday, August 11, 2017 12:00 am http://eubankers.net/article/55708/co-operative-bank-sheds-customers-amid-its-amppound700million-hedge-fund-rescue-deal Lost around 25,000 current account customers since the end of last year Retail Banking British bank Aldermore's first-half profit jumps 32 percent News Team Thursday, August 10, 2017 12:00 am http://eubankers.net/article/55671/british-bank-aldermoreamp039s-first-half-profit-jumps-32-percent Aldermore, one of the banks aiming to challenge Britain's "Big 5" lenders, said total customer deposits also grew more than 10 percent to 7.3 billion pounds in the period. Retail Banking HSBC Malta’s profitability dented by various factors News Aggregation Team Thursday, August 10, 2017 12:00 am http://eubankers.net/article/55679/hsbc-maltaamprsquos-profitability-dented-by-various-factors HSBC Malta reported a profit before tax of €25.9 million during the first half of 2017 Retail Banking Monte Dei Paschi H1 Loss Exceeds 3 Billion Euros-Boersen-Zeitung News Aggregation Team Tuesday, August 08, 2017 12:00 am http://eubankers.net/article/55608/monte-dei-paschi-h1-loss-exceeds-3-billion-euros-boersen-zeitung Italy published a decree authorising a state recapitalisation of Monte dei Paschi di Siena Retail Banking Ex Northern Rock boss who waltzed off with £750,000 to start claiming £304,000-a-year pension News Aggregation Team Tuesday, August 08, 2017 12:00 am http://eubankers.net/article/55613/ex-northern-rock-boss-who-waltzed-off-with-amppound750000-to-start-claiming-amppound304000-a-year-pension He's still padding up for Sunderland Cricket Club, totting up a decent(ish) batting average so far this season of 28.5. Retail Banking Retired and getting divorced? These are the extra pitfalls you need to know about News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55908/retired-and-getting-divorced-these-are-the-extra-pitfalls-you-need-to-know-about The ONS put the rise down to older people being “more connected, economically and socially, than they were before”. Pensions Romanian private pension funds' assets grow 30% y/y in July News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55890/romanian-private-pension-fundsamp039-assets-grow-30-yy-in-july The number of contributors to the second pillar of Romania's pension system topped 6.787 million at the end of July Pensions Director jailed for taking £1m from clients' pension funds News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55895/director-jailed-for-taking-amppound1m-from-clientsamp039-pension-funds The court heard Say, from Kestrel Road, Waltham Abbey, invented a pension scheme where he loaned money to investors for their self-invested pensions. Pensions Dutch Pension Funds Embrace UN Goals News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55839/dutch-pension-funds-embrace-un-goals The managers, which invest a combined €600 billion ($705 billion) say these investments can fulfill the risk return requirements of their clients Pensions Dutch Insurance Aegon Will Fund 160M GBP Loans on Funding Circle UK News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55847/dutch-insurance-aegon-will-fund-160m-gbp-loans-on-funding-circle-uk Aegon’s venture also shows that there is significant appetite for inward investment into the UK and we hope to see more deals of this scale in the future. Pensions Now Lloyds wants to flog you a pension: Concern as bank spots opportunity in pension freedom reforms News Aggregation Team Wednesday, August 16, 2017 12:00 am http://eubankers.net/article/55823/now-lloyds-wants-to-flog-you-a-pension-concern-as-bank-spots-opportunity-in-pension-freedom-reforms But campaigners warned that the lender's chequered history should give clients pause for thought. Pensions Advisers flock to get pension transfer qualification News Aggregation Team Tuesday, August 15, 2017 12:00 am http://eubankers.net/article/55796/advisers-flock-to-get-pension-transfer-qualification Candidates have enrolled onto the new level 4 certificate in pension transfers advice. Pensions SSE moves £1.2bn of pension liabilities to insurers News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55731/sse-moves-amppound12bn-of-pension-liabilities-to-insurers Energy supplier part of growing trend to offload responsibility of final salary plans Pensions L&G readies £10bn bid for Pru pensions News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55750/lampampg-readies-amppound10bn-bid-for-pru-pensions The Pru’s most profitable businesses are now in Asia and America. Pensions Insurers start picking up pension deals News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55753/insurers-start-picking-up-pension-deals He described the pricing for such transactions as very keen amid stiff competition among insurers. Pensions Banks speed up plans to move jobs out of London News Aggregation Team Monday, August 21, 2017 12:00 am http://eubankers.net/article/55924/banks-speed-up-plans-to-move-jobs-out-of-london Institutions rushing jobs out of London after deciding they cannot hold on for the UK government's negotiations Brexit Frankfurt and Dublin make bankers feel wanted in battle for Brexit jobs News Aggregation Team Friday, August 18, 2017 12:00 am http://eubankers.net/article/55878/frankfurt-and-dublin-make-bankers-feel-wanted-in-battle-for-brexit-jobs Business does care about political sentiment towards them. Brexit Gloomy Brexit economists shamed for ’waiting to be proved right’ despite positive figures News Aggregation Team Thursday, August 17, 2017 12:00 am http://eubankers.net/article/55849/gloomy-brexit-economists-shamed-for-amprsquowaiting-to-be-proved-rightamprsquo-despite-positive-figures AN investment manager dismissed claims Brexit doom predictions for the UK economy saying the numbers did not support the gloomy forecasts. Brexit UK retirees rushing to settle in Europe, say financial advisers News Aggregation Team Monday, August 14, 2017 12:00 am http://eubankers.net/article/55734/uk-retirees-rushing-to-settle-in-europe-say-financial-advisers The golden age of British retirees heading to the Costas is probably over. Brexit Can Paris Overtake Frankfurt in Bid to Secure Brexit Banking Jobs? News Aggregation Team Tuesday, August 08, 2017 12:00 am http://eubankers.net/article/55621/can-paris-overtake-frankfurt-in-bid-to-secure-brexit-banking-jobs Despite lagging behind Frankfurt, Paris is hoping to attract upwards of 20,000 banking jobs. Brexit Paris Aims to Win Race to Be EU's Post-Brexit Financial Capital News Aggregation Team Monday, August 07, 2017 12:00 am http://eubankers.net/article/55549/paris-aims-to-win-race-to-be-euamp039s-post-brexit-financial-capital We will win the race. Brexit London trading centres put Brexit plans into action News Aggregation Team Wednesday, August 02, 2017 12:00 am http://eubankers.net/article/55424/london-trading-centres-put-brexit-plans-into-action Back-up measures take shape after traders tire of ambiguity about Britain’s future outside EU Brexit HSBC’s Brexit price tag: $300,000 to move each bank job to Paris News Aggregation Team Tuesday, August 01, 2017 12:00 am http://eubankers.net/article/55396/hsbcamprsquos-brexit-price-tag-300000-to-move-each-bank-job-to-paris HSBC faces as much as $300 million in legal and relocation fees as it prepares to move 1,000 staff to Paris Brexit At least 15 finance companies setting up or expanding in Ireland following Brexit News Aggregation Team Monday, July 31, 2017 12:00 am http://eubankers.net/article/55332/at-least-15-finance-companies-setting-up-or-expanding-in-ireland-following-brexit The decision of the United Kingdom to leave the European Union has created unprecedented political, economic and diplomatic challenges for Ireland. Brexit Everything you need to know about the EU agencies leaving London because of Brexit News Aggregation Team Monday, July 31, 2017 12:00 am http://eubankers.net/article/55336/everything-you-need-to-know-about-the-eu-agencies-leaving-london-because-of-brexit The fates of European Medicines Agency and European Banking Authority will be decided in November. Brexit