The European Banking News Network http://eubankers.net/ Thu, 19 Jul 2018 14:08:52 BST part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png The European Banking News Network KohanaPHP Swiss wealth manager looks at London as Brexit looms News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64017/swiss-wealth-manager-looks-at-london-as-brexit-looms UBP set to acquire ACPI as Geneva worries over UK’s attraction for ultra-wealthy Wealth and Asset Management SGG Group completes acquisition News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64031/sgg-group-completes-acquisition A comprehensive review of the newly combined Group’s brands is currently underway and until this review is completed all businesses will continue to operate under their existing brand names. Wealth and Asset Management Utmost Wealth to expand worldwide with acquisition News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64041/utmost-wealth-to-expand-worldwide-with-acquisition The acquisition is conditional on, inter alia, regulatory and competition authority approvals and is expected to complete by Q1 2019. Wealth and Asset Management Global uncertainty outweighs Brexit for wealthy News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63971/global-uncertainty-outweighs-brexit-for-wealthy A 46% increase in investor visas last year strongly suggests that Brexit has not put the wealthy off moving to the UK. Wealth and Asset Management Arbuthnot Banking's first-half profit rises, to set up secured lending business News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63979/arbuthnot-bankingamp039s-first-half-profit-rises-to-set-up-secured-lending-business In line with our diversification strategy we have also reached an agreement with an incoming management team to establish a new lending division that will be named Arbuthnot Specialist Lending,” Chairman Henry Angest said. Wealth and Asset Management What wealth managers can do to get Brexit-ready News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63989/what-wealth-managers-can-do-to-get-brexit-ready Most boardrooms and executive management teams acknowledge that it’s the biggest challenge in what could be the largest ever upheaval of the UK’s financial markets. Wealth and Asset Management Investment management group halves gold exposure in its fund range News Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63949/investment-management-group-halves-gold-exposure-in-its-fund-range The gold trade, which we initiated at the end of 2015, has served portfolios well, especially as we moved through a period where markets have been driven more by liquidity than fundamentals. Wealth and Asset Management Standard Life Aberdeen backs £17.5m Saranac fundraise News Aggregation Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63959/standard-life-aberdeen-backs-amppound175m-saranac-fundraise There two new groups joining the shareholder list, the Noé Family and US based structured credit firm Zais Group. Wealth and Asset Management WH Ireland joins Research Tree’s growing platform News Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63960/wh-ireland-joins-research-treeamprsquos-growing-platform "...we see Research Tree as a great way to help us in maximising the distribution of our research offering" Wealth and Asset Management Pub Club with Andrew Davies, LGT Vestra News Aggregation Team Friday, July 13, 2018 1:00 am http://eubankers.net/article/63904/pub-club-with-andrew-davies-lgt-vestra Davies last met us in 2016 not long after the office had opened and he had made the move from Barclays Wealth & Investment. Wealth and Asset Management UBS appoints new head of Luxembourg wealth management unit News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64019/ubs-appoints-new-head-of-luxembourg-wealth-management-unit He will become a member of the WM EMEA Management Committee. Executive Moves TSB adds new director to board News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64024/tsb-adds-new-director-to-board “Andy brings a wealth of experience from across the financial services industry and we look forward to working with him on the board." Executive Moves Calmejane quits Lloyds Bank to join SocGen News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64026/calmejane-quits-lloyds-bank-to-join-socgen At SocGen, Calmejane's mission will be to foster the innovation culture and identify new business developments and services for customers. Executive Moves Wesleyan Bank hires head of indirect sales News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64028/wesleyan-bank-hires-head-of-indirect-sales He joins from Paragon Asset Finance and has 28 years’ experience in a variety of senior corporate finance positions. Executive Moves Ex-Pensions Minister Altmann to chair fintech firm News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64037/ex-pensions-minister-altmann-to-chair-fintech-firm Baroness Altmann said: “When I first met pensionsync it was clear they have developed something unique and valuable, yet too few people are aware of it." Executive Moves WH Ireland boss steps down News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64043/wh-ireland-boss-steps-down The announcement was made as the group released its final results, showing another operating loss but an increase in revenue. Executive Moves Willis Towers Watson extends CEO contract News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64045/willis-towers-watson-extends-ceo-contract We are pleased to retain John Haley’s leadership as CEO of Willis Towers Watson Executive Moves Senior litigator joins Ogier's Dispute Resolution team in Jersey News Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/63995/senior-litigator-joins-ogieramp039s-dispute-resolution-team-in-jersey She is the co-author of the chapter on Jersey in Bloomsbury Professional's ";International Guide to Money Laundering Law and Practice" Executive Moves Alex Schaafsma appointed Head of Real Estate Finance at Birketts News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/63999/alex-schaafsma-appointed-head-of-real-estate-finance-at-birketts Alex’s focus will be to continue to promote our capability and to develop our real estate finance offer to clients. Executive Moves Munich Re appoints new CFO, reorganises board News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64000/munich-re-appoints-new-cfo-reorganises-board The Munich Re supervisory board has also decided to reallocate responsibilities on the board of management of Munich Re. Executive Moves ESMA Clarifies Endorsement Regime for Non-EU Credit Ratings News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64029/esma-clarifies-endorsement-regime-for-non-eu-credit-ratings The new section aims to assist EU CRAs in assessing whether a third-country CRA’s internal requirements meet the as stringent as test. Legal, Regulation & Compliance Keeping it real: The EU Council’s substance requirements by Ashley Fife, Appleby News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64032/keeping-it-real-the-eu-councilamprsquos-substance-requirements-by-ashley-fife-appleby Numerous other “offshore financial centres” face an end-of-year deadline to avoid being placed on the European Union Council list of non-cooperative jurisdictions for tax purposes. Legal, Regulation & Compliance Innovative law firm opens up South African UCITS market with novel fund registration News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64036/innovative-law-firm-opens-up-south-african-ucits-market-with-novel-fund-registration This has meant most UCITS are, as they stand, unsuitable for registration in South Africa. Legal, Regulation & Compliance The Compliance Complexity Index 2018 - TMF News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64042/the-compliance-complexity-index-2018-tmf At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues. Legal, Regulation & Compliance Jersey likes EU sanctions too: a brief look at the implementation of EU sanctions in Jersey News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64044/jersey-likes-eu-sanctions-too-a-brief-look-at-the-implementation-of-eu-sanctions-in-jersey The General Provisions Order also sets out provisions regarding sanctions offences committed by a limited liability partnership, a separate limited partnership, an incorporated limited partnership or another body corporate. Legal, Regulation & Compliance Liontrust to consolidate outsourced fund services to BNY Mellon News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/63994/liontrust-to-consolidate-outsourced-fund-services-to-bny-mellon The UK asset manager will consolidate its asset servicing relationships for its UK and Ireland fund ranges and use BNY Mellon as its sole outsourcing provider. Legal, Regulation & Compliance Banks sued by 15 major councils in controversial loans fraud court battle News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/63998/banks-sued-by-15-major-councils-in-controversial-loans-fraud-court-battle The high-profile loans allow private banks to propose or impose a new fixed rate on a pre-determined future start date. Legal, Regulation & Compliance FCA to shake up rules for advisers caring for clients News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64002/fca-to-shake-up-rules-for-advisers-caring-for-clients The FCA said it could introduce a duty of care by extending the client's best interests rule, which currently only covers non-regulated activity, to cover all regulated activities. Legal, Regulation & Compliance Deloitte resigns from Linklaters audit News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64009/deloitte-resigns-from-linklaters-audit PwC will take the Linklaters audit role Legal, Regulation & Compliance CMA proposes major overhaul of £1.6trn investment consultancy sector News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64013/cma-proposes-major-overhaul-of-amppound16trn-investment-consultancy-sector The investment consultancy market is dominated by three players, Aon Hewitt, Mercer and Willis Towers Watson. Legal, Regulation & Compliance Wealth managers call for clampdown on cryptocurrencies News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64018/wealth-managers-call-for-clampdown-on-cryptocurrencies The leaders among the UK's new breed of digital wealth managers are worried about retail punters trading bitcoin FinTech Advisers urged to have platform failure back-up plan News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64021/advisers-urged-to-have-platform-failure-back-up-plan It came after the problems faced by Visa, TSB, Aegon and Aviva, which all saw technology failures preventing them from offering their full service. FinTech Openwork working with Zurich on robo platform News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64023/openwork-working-with-zurich-on-robo-platform He said advisers' clients often wouldn't be advised on all their assets and would often have savings on one side which they managed themselves. FinTech deVere CEO: Crypto is ‘undeniably’ mainstream as watchdog backs Bitcoin News Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/63996/devere-ceo-crypto-is-amplsquoundeniablyamprsquo-mainstream-as-watchdog-backs-bitcoin Mr Green comments: “Cryptocurrencies are the future of money and they are already undeniably part of mainstream finance. FinTech Report: Fintech Firms in France Raise Record €200 Million Since January News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/63997/report-fintech-firms-in-france-raise-record-ampeuro200-million-since-january Lendix has experienced rapid growth as it has successfully expanded its operations across Europe. FinTech RBS’s NatWest joins blockchain project for trade finance News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64008/rbsamprsquos-natwest-joins-blockchain-project-for-trade-finance Banks that offer trade finance have been among the first to adopt blockchain in the day-to-day running of their business FinTech Online wealth manager Tiller launches News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63968/online-wealth-manager-tiller-launches The platform is powered by SEI investments’ comprehensive operating platform designed to support sophisticated wealth managers and private banks. FinTech Binance, Crypto Investors to Launch a Bank in Malta News Aggregation Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63938/binance-crypto-investors-to-launch-a-bank-in-malta The future Founders Bank will be based in Malta, the island nation that has established itself as a crypto-friendly destination. FinTech Robo-adviser focused on B2B business launches News Aggregation Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63964/robo-adviser-focused-on-b2b-business-launches We are professional investors who saw an opportunity to embrace technology FinTech UniCredit Joins European Banks In Launching Live Blockchain-Run Trading Platform News Aggregation Team Friday, July 13, 2018 1:00 am http://eubankers.net/article/63903/unicredit-joins-european-banks-in-launching-live-blockchain-run-trading-platform The platform is a joint-venture, with banks including Deutsche Bank and Rabobank joining UniCredit to provide access in eleven European countries. FinTech Private equity firm Cabot Square exits small business funder LDF in £150m deal News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64022/private-equity-firm-cabot-square-exits-small-business-funder-ldf-in-amppound150m-deal Its new owner White Oak Global Advisors struck a deal this week to provide £90m in debt funding to British Steel to help bankroll its turnaround plans. Alternative Investments Invesco told to improve performance of £190m trust News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64025/invesco-told-to-improve-performance-of-amppound190m-trust The trust, managed by Ciaran Mallon, has markedly underperformed against its sector, AIC UK Equity Income, over the past one and three-year time periods. Alternative Investments Publishers warn of Brexit threat to record exports News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64027/publishers-warn-of-brexit-threat-to-record-exports Last year 36% of its exports were shipped to the European Union, making it the largest market for UK books. Alternative Investments What next for multi-asset? News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64030/what-next-for-multi-asset Multi-asset fund managers aim to deliver superior returns while balancing the portfolio to ensure that the level of risk being taken is appropriate. Alternative Investments Saïd Business School launches online Algorithmic Trading Programme News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64033/saampiumld-business-school-launches-online-algorithmic-trading-programme The programme will explore the history of trading, how to engage and evaluate systems trading, and enable participants to get their hands dirty and see how a simple trading model is built. Alternative Investments Enhanced Portfolio Diversification: The Power of “&” News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64035/enhanced-portfolio-diversification-the-power-of-ampldquoampampamprdquo The latest paper delves deeper and illustrates how equity risk can be managed or mitigated using creative enhanced diversification solutions. Alternative Investments Advisers vow ‘never again’ at emotional DB pension debate News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64005/advisers-vow-amplsquonever-againamprsquo-at-emotional-db-pension-debate The industrial behemoth has long symbolised a town built on grit, loyalty and labour. Alternative Investments Ipes gains regulated status in Ireland News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64004/ipes-gains-regulated-status-in-ireland Ipes Ireland is led by Craig Long and Kenneth Whitney. Alternative Investments Landlords need to be aware of property market rule changes News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64015/landlords-need-to-be-aware-of-property-market-rule-changes To come up to speed with the changes to licensing rules relating to houses in multiple occupation Alternative Investments BlueBay launches alternative credit fund News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63974/bluebay-launches-alternative-credit-fund The new fund comes eight months after the firm launched a multi asset fixed income fund, which invests in both sovereign and corporate bonds in both developed and emerging markets. Alternative Investments Lloyds Bank to open three EU subsidiaries after Brexit News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64006/lloyds-bank-to-open-three-eu-subsidiaries-after-brexit Set-up complicated by UK ringfencing legislation Investment Banking Brexit prompts Bank of America Merrill Lynch to seek merger approval in Ireland News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63969/brexit-prompts-bank-of-america-merrill-lynch-to-seek-merger-approval-in-ireland Global financial group cites ‘fallout from Brexit’ as reason for merger Investment Banking Barclays Leads European Banks' Pursuit of Risky U.S. Debt News Aggregation Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63932/barclays-leads-european-banksamp039-pursuit-of-risky-us-debt The proposed loan is among tens of billions of dollars of borrowings that European lenders are arranging for riskier American clients, a business they’re targeting to ease the pain from revenue slumps in other areas. Investment Banking Surprise! Deutsche Bank shares rise as it announces profits beat early News Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63952/surprise-deutsche-bank-shares-rise-as-it-announces-profits-beat-early The improvement in the bank's fortunes will take some of the pressure off the Deutsche Bank leadership Investment Banking Citi recruits Deutsche’s top technology investment banker News Aggregation Team Tuesday, July 10, 2018 1:00 am http://eubankers.net/article/63795/citi-recruits-deutscheamprsquos-top-technology-investment-banker Departure of regional chief for tech deals comes as German lender implements deep job cuts across investment bank Investment Banking Santander Bridges SMBs With China News Aggregation Team Tuesday, July 10, 2018 1:00 am http://eubankers.net/article/63807/santander-bridges-smbs-with-china The bank is on path to beat the total of 43 trade missions completed last year. Investment Banking Benson Oak Sets Up Dedicated Investment Fund for Israeli Market News Aggregation Team Monday, July 09, 2018 1:00 am http://eubankers.net/article/63770/benson-oak-sets-up-dedicated-investment-fund-for-israeli-market The European banking firm will focus on blockchain and consumer-facing companies Investment Banking British Bank Ups Asian Game News Aggregation Team Monday, July 09, 2018 1:00 am http://eubankers.net/article/63788/british-bank-ups-asian-game More traditional banking services are growing in the country too with banks from mature North Asian markets deepening their penetration. Investment Banking Barclays to relocate Aberdeen team to the Silver Fin building News Aggregation Team Friday, July 06, 2018 1:00 am http://eubankers.net/article/63725/barclays-to-relocate-aberdeen-team-to-the-silver-fin-building Sean Mackenzie, a director at Titan Investors, added: “It is great news that we can confirm this letting to Barclays, one of the biggest and best-known financial institutions in the world. Investment Banking JPMorgan tells ‘dozens’ of London staff to prepare for Brexit move News Aggregation Team Friday, July 06, 2018 1:00 am http://eubankers.net/article/63726/jpmorgan-tells-amplsquodozensamprsquo-of-london-staff-to-prepare-for-brexit-move City banks have become increasingly frustrated with the lack of clarity and progress on Brexit negotiations Investment Banking CMA response to government consultation News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64039/cma-response-to-government-consultation Modernising consumer markets green paper Comment, Analysis & Research Real reason advisers don't switch platforms revealed News Aggregation Team Wednesday, July 18, 2018 1:00 am http://eubankers.net/article/64003/real-reason-advisers-donamp039t-switch-platforms-revealed Mr Huddart suggested the regulator should look at forcing platforms to work along the same lines as banks, where a customer can switch their account instantly. Comment, Analysis & Research Putin net worth: How much is Vladimir Putin worth? How much does Russia's President earn? News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63972/putin-net-worth-how-much-is-vladimir-putin-worth-how-much-does-russiaamp039s-president-earn RUSSIAN President Vladimir Putin is meeting with US President Donald Trump today for high stakes talks. How much is Vladimir Putin worth? How much does he earn as Russia’s president? Comment, Analysis & Research Coutts Quarterly Investment Update News Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63975/coutts-quarterly-investment-update In amongst the noise around trade, political instability in Europe and a particularly fractious G7 conference, there were some points worth noting. Comment, Analysis & Research Wealth transfer: adviser industry at risk of neglecting future clients, warns Sanlam UK News Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63980/wealth-transfer-adviser-industry-at-risk-of-neglecting-future-clients-warns-sanlam-uk Sanlam’s Generation Game report, which looks at the generational wealth transfer expected to take place in the UK over the next 30 years Comment, Analysis & Research Guernsey: A laboratory of innovation News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63982/guernsey-a-laboratory-of-innovation One of the requirements has been to innovate and to develop new products in new markets Comment, Analysis & Research Guernsey is a “heart valve” for private equity industry News Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63983/guernsey-is-a-ampldquoheart-valveamprdquo-for-private-equity-industry Most private equity is raising money pretty effectively – the single biggest challenge is how to deploy it effectively Comment, Analysis & Research Team work? It’s all Greek to me! by Penny Lovell Penny Lovell Monday, July 16, 2018 1:00 am http://eubankers.net/article/63934/team-work-itamprsquos-all-greek-to-me-by-penny-lovell Speaking of successful teams and winning strategies, the champagne corks have been flying at Sanlam once again. Comment, Analysis & Research An odd, non-linear game by Tim Price News Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63935/an-odd-non-linear-game-by-tim-price Everything else amounts to interpretation and analysis, and must by definition be regarded as subjective. Comment, Analysis & Research Industry Insights: the changing retail landscape for the UK real estate and real estate funds sector News Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63936/industry-insights-the-changing-retail-landscape-for-the-uk-real-estate-and-real-estate-funds-sector This transformation in how we consume products on our highstreets and online will undoubtedly impact the Real Estate and Real Estate Funds sector. Comment, Analysis & Research 20 EU states dragging their feet on beneficial owner lists News Aggregation Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64040/20-eu-states-dragging-their-feet-on-beneficial-owner-lists The crown dependencies, which include Jersey and Guernsey, have a different constitutional relationship with the UK compared to the overseas territories Tax Establishing a Business Presence in the United States News Aggregation Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63933/establishing-a-business-presence-in-the-united-states The way ECI and FDAP is taxed and collected differs too. Tax Understanding Social Investment Tax Relief and how to make it work News Aggregation Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63953/understanding-social-investment-tax-relief-and-how-to-make-it-work It is a tax incentive modelled on the better-known Enterprise Investment Scheme Tax One Sector That’s Not Cheering French Tax Cuts News Aggregation Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63954/one-sector-thatamprsquos-not-cheering-french-tax-cuts France's large charitable sector has been hit hard by Emmanuel Macron's changes to the tax code. Tax Offshore tax evasion: offences relating to offshore income News Aggregation Team Monday, July 16, 2018 1:00 am http://eubankers.net/article/63962/offshore-tax-evasion-offences-relating-to-offshore-income A conviction for any of these offences can lead to a custodial sentence for up to 6 months and, an unlimited fine in England and Wales, or a fine not exceeding £5,000 in Scotland and Northern Ireland. Tax Worlds biggest corporate tax haven its no paradise island News Aggregation Team Friday, July 13, 2018 1:00 am http://eubankers.net/article/63923/worlds-biggest-corporate-tax-haven-its-no-paradise-island They began their research by comparing the profits made within a country to the amount of corporate activity. Tax Changes to the taxation of UK property for Middle Eastern investors News Team Thursday, July 12, 2018 1:00 am http://eubankers.net/article/63882/changes-to-the-taxation-of-uk-property-for-middle-eastern-investors Capital gains tax will be extended to cover disposals of commercial real estate and to indirect disposals Tax Tax avoiding freelancers targetted in latest HMRC push News Aggregation Team Thursday, July 12, 2018 1:00 am http://eubankers.net/article/63885/tax-avoiding-freelancers-targetted-in-latest-hmrc-push HMRC tells the paper that while they can return the unpaid tax in instalments, it expects the average of £50,000 in underpayments for each freelancer to be returned in full. Tax DAC 6 to give teeth to BEPS in the EU News Team Wednesday, July 11, 2018 1:00 am http://eubankers.net/article/63848/dac-6-to-give-teeth-to-beps-in-the-eu DAC 6 to give teeth to BEPS in the EU - New disclosure rules for advisers and clients on cross-border transactions Tax Yorkshire expansion for accountancy firm News Aggregation Team Wednesday, July 11, 2018 1:00 am http://eubankers.net/article/63860/yorkshire-expansion-for-accountancy-firm The firm is opening an office in Harrogate, in addition to its existing bases in Newcastle and Durham, which will become a focal point for its growing presence in Yorkshire and surrounding areas. Tax European Challenger Bank invests in US consumer loans News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64034/european-challenger-bank-invests-in-us-consumer-loans This loan purchase programme was implemented by Fintex Capital Retail Banking Raiffeisen Bank to open new office in Romania's Timisoara News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63977/raiffeisen-bank-to-open-new-office-in-romaniaamp039s-timisoara The opening of this banking agency is a first step towards the development of a financial-banking services center in the ISHO neighborhood in Timisoara, the bank added. Retail Banking OTP named Euromoney╩╝s ‘Best Bank’ in CEE, Hungary News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63987/otp-named-euromoney%CA%BCs-amplsquobest-bankamprsquo-in-cee-hungary The group posted a corrected, after-tax result of HUF 284.1 billion in 2017, 41% higher than a year before, OTP said. Retail Banking Portugal’s Novo Banco completes sale of controlling stake in Cabo Verde bank News Aggregation Team Thursday, July 12, 2018 1:00 am http://eubankers.net/article/63902/portugalamprsquos-novo-banco-completes-sale-of-controlling-stake-in-cabo-verde-bank This was the second attempt to divest the Cape Verdean bank after having failed to sell to a group of investors led by Portuguese businessman José Veiga in 2016. Retail Banking Absa launches new branding, as Barclays ends its 100-year history in Africa News Aggregation Team Wednesday, July 11, 2018 1:00 am http://eubankers.net/article/63859/absa-launches-new-branding-as-barclays-ends-its-100-year-history-in-africa The restructuring started with halving the number of executives at the retail and business banking unit last month. Retail Banking Bank of Cyprus to sell UK subsidiary for 117mln euros News Aggregation Team Tuesday, July 10, 2018 1:00 am http://eubankers.net/article/63822/bank-of-cyprus-to-sell-uk-subsidiary-for-117mln-euros It said the accounting profit from the sale is estimated at €3 mln. Retail Banking Commerzbank’s head of corporate finance puts his faith in Schuldschein News Aggregation Team Wednesday, July 04, 2018 1:00 am http://eubankers.net/article/63686/commerzbankamprsquos-head-of-corporate-finance-puts-his-faith-in-schuldschein Commerzbank’s head of corporate finance, Roman Schmidt, speaks to Danielle Myles about the bank’s new approach to coverage, blockchain’s investment banking potential and the Schuldschein market’s ability to reinvent itself. Retail Banking SocGen to buy Commerzbank's equity and commodities arm News Team Tuesday, July 03, 2018 1:00 am http://eubankers.net/article/63620/socgen-to-buy-commerzbankamp039s-equity-and-commodities-arm With a state of the art technology platform, it benefits from significant franchises in diversified and complementary segments. Retail Banking Thousands of bank branches could still close costing 12,000 jobs News Aggregation Team Thursday, June 28, 2018 1:00 am http://eubankers.net/article/63494/thousands-of-bank-branches-could-still-close-costing-12000-jobs New research from Which? reveals that 670 branches have already closed this year or been announced to close, and 2018 could eclipse last year for closures. Retail Banking Bank of Estonia sets 2018 economic growth forecast at 3.5% News Aggregation Team Wednesday, June 27, 2018 1:00 am http://eubankers.net/article/63452/bank-of-estonia-sets-2018-economic-growth-forecast-at-35 Is quite natural for growth to be slower as there have been fewer unused production resources available with which to grow, and investment statistics indicate that new production capacity is only slowly being added. Retail Banking CMA proposes pension investment reforms News Team Thursday, July 19, 2018 1:00 am http://eubankers.net/article/64038/cma-proposes-pension-investment-reforms The CMA has today proposed a number of reforms to the investment consultancy and fiduciary management sector after identifying a range of competition concerns. Pensions Denmark’s MP Pension Stops All Danske Bank Trading News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63976/denmarkamprsquos-mp-pension-stops-all-danske-bank-trading Fund says the bank’s developing money laundering scandal violates its responsible investing policy. Pensions Pension scammers pretend to be regulator News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63984/pension-scammers-pretend-to-be-regulator We are grateful to those people who have alerted us to the cold calls Pensions Delay on cold calling ban finally confirmed in Parliament News Aggregation Team Friday, July 13, 2018 1:00 am http://eubankers.net/article/63921/delay-on-cold-calling-ban-finally-confirmed-in-parliament These would then be debated in Parliament in the Autumn but it seems unlikely that the ban would come into force until 2019 at the earliest. Pensions EU to offer cross-border pension scheme News Aggregation Team Thursday, July 12, 2018 1:00 am http://eubankers.net/article/63872/eu-to-offer-cross-border-pension-scheme The scheme is portable among EU member states, and consumers can contribute to their PEPP wherever they may be within the EU. Pensions Danish pension fund must resolve lawsuit in Portugal, UK court rules News Aggregation Team Wednesday, July 11, 2018 1:00 am http://eubankers.net/article/63838/danish-pension-fund-must-resolve-lawsuit-in-portugal-uk-court-rules BES collapsed in August 2014 and was bailed out by Banco de Portugal, the country’s central bank and designated national resolution authority. Pensions ESMA denies pension funds an extended clearing exemption News Aggregation Team Tuesday, July 03, 2018 1:00 am http://eubankers.net/article/63615/esma-denies-pension-funds-an-extended-clearing-exemption Pension funds will have to begin clearing OTC derivatives contracts on 17 August 2018, despite calls for a third extension. Pensions PIMFA Welcomes FCA’s Final Retirement Outcomes Review News Team Thursday, June 28, 2018 1:00 am http://eubankers.net/article/63497/pimfa-welcomes-fcaamprsquos-final-retirement-outcomes-review Commenting on the report, PIMFA Senior Policy Adviser Simon Harrington said: “This report strikes the right balance between protecting the most vulnerable consumers and encouraging consumers to exercise their individual freedom and choice.' Pensions Offshore investor returns eaten up by Sipp fees News Aggregation Team Thursday, June 28, 2018 1:00 am http://eubankers.net/article/63499/offshore-investor-returns-eaten-up-by-sipp-fees Some are also concerned about the liquidity of the investments, saying selling them on for a profit proved tricky. Pensions European pension plan’s ‘elephant in the room’ News Aggregation Team Tuesday, June 26, 2018 1:00 am http://eubankers.net/article/63430/european-pension-planamprsquos-amplsquoelephant-in-the-roomamprsquo The Dutch, in particular, fear IORPs will dominate the market for Pepps. Pensions CI ministers in Brussels for Brexit talks News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63973/ci-ministers-in-brussels-for-brexit-talks The meetings, organised by the Channel Islands Brussels Office, gave the ministers an opportunity to discuss a range of issues, with a focus on Brexit and the ongoing EU Code of Conduct assessment process. Brexit Guernsey highlights the positive over Brexit News Aggregation Team Tuesday, July 17, 2018 1:00 am http://eubankers.net/article/63978/guernsey-highlights-the-positive-over-brexit The IEA report also suggested that the UK look to partnerships with the Crown Dependencies, in addition to working with global centres such as Switzerland, the US and Hong Kong. Brexit France to ease finance, tax rules to attract Brexit bankers News Aggregation Team Thursday, July 12, 2018 1:00 am http://eubankers.net/article/63871/france-to-ease-finance-tax-rules-to-attract-brexit-bankers For asset managers coming to France, they will be able to have capital income known as carried interest taxed at 30 percent rather than higher income tax rates. Brexit JPMorgan issues bleak warning on Brexit damage News Aggregation Team Wednesday, July 11, 2018 1:00 am http://eubankers.net/article/63840/jpmorgan-issues-bleak-warning-on-brexit-damage Jamie Dimon says departure has potential to ‘hurt everybody a bit’ Brexit BlackRock chooses Paris over London for expansion ahead of Brexit News Aggregation Team Monday, July 09, 2018 1:00 am http://eubankers.net/article/63794/blackrock-chooses-paris-over-london-for-expansion-ahead-of-brexit Last month, BlackRock applied to the French regulator for a licence to set up an alternative investment fund management company. Brexit Brexit prompts asset managers to revamp distribution strategies News Aggregation Team Wednesday, July 04, 2018 1:00 am http://eubankers.net/article/63657/brexit-prompts-asset-managers-to-revamp-distribution-strategies New products likely to be launched in Luxembourg, Ireland and UK, says State Street Brexit Banks Leaving It Late to Secure Post-Brexit EU Future News Aggregation Team Wednesday, July 04, 2018 1:00 am http://eubankers.net/article/63680/banks-leaving-it-late-to-secure-post-brexit-eu-future Only 20 of the 50 banks that discussed EU license have applied Brexit Bankers scurry for space as tiny Luxembourg fills up ahead of Brexit News Aggregation Team Monday, July 02, 2018 1:00 am http://eubankers.net/article/63548/bankers-scurry-for-space-as-tiny-luxembourg-fills-up-ahead-of-brexit Lenders looking for a bigger EU footprint may need to look towards city's outskirts and smaller commuter towns Brexit Europe gains little from stirring financial uncertainty over Brexit News Aggregation Team Monday, July 02, 2018 1:00 am http://eubankers.net/article/63563/europe-gains-little-from-stirring-financial-uncertainty-over-brexit Brussels might want to consider the impact of a breakdown on its own citizens Brexit London fears it will be EU’s next capital markets target News Aggregation Team Friday, June 29, 2018 1:00 am http://eubankers.net/article/63522/london-fears-it-will-be-euamprsquos-next-capital-markets-target Diplomatic stand-off with Switzerland fans concerns of similar UK fate Brexit