The European Banking News Network http://eubankers.net/ Tue, 22 May 2018 09:00:11 BST part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png The European Banking News Network KohanaPHP A bespoke vehicle for private banking success News Aggregation Team Tuesday, May 22, 2018 1:00 am http://eubankers.net/article/62554/a-bespoke-vehicle-for-private-banking-success Mediobanca continues to demonstrate the expertise and sector-specific proficiency required to flourish at the top end of Italy’s private banking sector Wealth and Asset Management Consolidator snaps up law firm’s advice arm News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62516/consolidator-snaps-up-law-firmamprsquos-advice-arm Hudson says the Meritor acquisition will allow AFH to work with Freeths’ clients on financial advice and asset management. Wealth and Asset Management Global Private Banking Benchmark: Top 25 Firms By AUM News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62520/global-private-banking-benchmark-top-25-firms-by-aum Just as a rising tide raises all boats, wealth managers were able to capitalize on favourable market conditions in 2017 as a core driver of growth. Wealth and Asset Management Brewin Dolphin completes part acquisition of Dundee-based IFA News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62537/brewin-dolphin-completes-part-acquisition-of-dundee-based-ifa Deal for financial planning and investment assets Wealth and Asset Management AFH Financial swoops on law firm's advice arm News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62538/afh-financial-swoops-on-law-firmamp039s-advice-arm AFH said Freeths had decided to sell the business and focus on its core legal practice due to 'ever-increasing' regulatory demands. Wealth and Asset Management Brexit fears boosting Cheshire base of private bank Julius Baer News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62543/brexit-fears-boosting-cheshire-base-of-private-bank-julius-baer MD James Bailey said uncertainty has led to an upturn in business Wealth and Asset Management Helena Morrissey launches gender champions fund for LGIM News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62464/helena-morrissey-launches-gender-champions-fund-for-lgim It will further rank index companies according to how they perform on these metrics. Wealth and Asset Management JM Finn warns on 'enormous disruption' as business booms News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62473/jm-finn-warns-on-amp039enormous-disruptionamp039-as-business-booms It has become nearly impossible to obtain direct investment advice, without turning to a full discretionary service. Wealth and Asset Management Wealth manager seals Dundee deal News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62483/wealth-manager-seals-dundee-deal The move sees it add 150 clients. Wealth and Asset Management Spencer to back £500m float of investment platform AJ Bell News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62497/spencer-to-back-amppound500m-float-of-investment-platform-aj-bell he agreement, which would cost Mr Spencer about £25m, would be the first major investment he has made since sealing the blockbuster £3.9bn takeover of Nex Group Wealth and Asset Management Strabens Hall names CEO to spur adviser growth in UK and Asia News Aggregation Team Tuesday, May 22, 2018 1:00 am http://eubankers.net/article/62549/strabens-hall-names-ceo-to-spur-adviser-growth-in-uk-and-asia The changes also see founding director John Halley taking on the title of head of legal, financial and compliance, and Alistair Peel becoming head of Investor Services. Executive Moves BBH bolsters London team News Aggregation Team Tuesday, May 22, 2018 1:00 am http://eubankers.net/article/62551/bbh-bolsters-london-team Findley-Dons joins BBH from Goldman Sachs Asset Management where she was an executive director for regulatory management with a particular focus on Europe, the Middle East and Africa regulation. Executive Moves Hargreave Hale announces senior appointment News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62513/hargreave-hale-announces-senior-appointment Amongst many industry awards he was named Citywire Fund Manager of the year in 2002 Executive Moves Hampden & Co unveils key hire and new office News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62514/hampden-ampamp-co-unveils-key-hire-and-new-office The bank said it was seeing a wide range of high net worth individuals coming on board, while the firm would work with other advisers to some clients as part of a broader team. Executive Moves Law firm mounts audacious swoop for 14-strong team from rival News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62534/law-firm-mounts-audacious-swoop-for-14-strong-team-from-rival The appointments come on the heels of the most successful year ever for JMW’s family team. Executive Moves Sackers expands firm with three associate hires News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62540/sackers-expands-firm-with-three-associate-hires At Sackers, all three will advise trustees and employers on a wide range of defined benefit and defined contribution issues. Executive Moves Manulife AM appoints MD for Switzerland News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62545/manulife-am-appoints-md-for-switzerland Industry Veteran Brings Nearly Two Decades Of Experience In Key European Market Executive Moves UBS: Investment Bank Staff Carousel Turns News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62463/ubs-investment-bank-staff-carousel-turns At the same time UBS is tapping rivals for key staff as well. Executive Moves End of an era as Stephen Koseff lets go of the reins of Investec News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62476/end-of-an-era-as-stephen-koseff-lets-go-of-the-reins-of-investec In reflecting on the past 38 years, Koseff allowed "25 minutes of history". Executive Moves Northern Trust adds to institutional brokerage team News Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62469/northern-trust-adds-to-institutional-brokerage-team “We’re thrilled to have Glenn on board in our London team,” says Gibson. Executive Moves FCA: robo failing on suitability and clear charging News Aggregation Team Tuesday, May 22, 2018 1:00 am http://eubankers.net/article/62548/fca-robo-failing-on-suitability-and-clear-charging It added that some firms did not ask about clients knowledge and experience at all, falling foul of rules about on discovery. Legal, Regulation & Compliance Hawksford update on new fiscal rules introduced by HMRC News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62500/hawksford-update-on-new-fiscal-rules-introduced-by-hmrc A careful review will need to be made of all structures with a UK connection and a UK tax filing requirement. It may also be necessary to revisit the original tax advice received as any errors or omissions will also be caught within these new rules. Legal, Regulation & Compliance Mifid reforms spur companies seeking investors to bypass brokers News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62501/mifid-reforms-spur-companies-seeking-investors-to-bypass-brokers Requirement to charge for arranging ‘access’ leads some to ditch middlemen Legal, Regulation & Compliance Rathbones ordered to compensate client for investment breach News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62519/rathbones-ordered-to-compensate-client-for-investment-breach In March 2017, Mr and Mrs B made official complaints to both their IFA and Rathbones. Legal, Regulation & Compliance Crown Court dismisses Barclays Qatar charges News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62539/crown-court-dismisses-barclays-qatar-charges This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 Legal, Regulation & Compliance Russian dirty money entering UK through BOTs, report says News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62535/russian-dirty-money-entering-uk-through-bots-report-says To combat this corruption, the report says the UK Government must show stronger political leadership in ending the flow of dirty money into the UK. Legal, Regulation & Compliance FCA bans adviser who used client cash to buy a business News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62541/fca-bans-adviser-who-used-client-cash-to-buy-a-business The Financial Conduct Authority has today published a Decision Notice, which sets out its decision to ban Darren Lee Newton from working in any regulated activity in the financial services sector. Legal, Regulation & Compliance Linklaters becomes first magic circle firm to secure Chinese law capability News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62542/linklaters-becomes-first-magic-circle-firm-to-secure-chinese-law-capability Linklaters China head William Liu said: “Market shifts indicate that outbound work and high-end domestic transactions will become ever more important for our business. Legal, Regulation & Compliance Ex-Barclays trader tells court being a bank VP is like working at McDonald's News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62462/ex-barclays-trader-tells-court-being-a-bank-vp-is-like-working-at-mcdonaldamp039s Four former Barclays bankers and one Deutsche Bank employee each face one charge of conspiracy to defraud by dishonestly manipulating Brussels-based Euribor rates between 2005 and 2009. Legal, Regulation & Compliance EU to start Iran sanctions blocking law process on Friday News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62466/eu-to-start-iran-sanctions-blocking-law-process-on-friday EU launching the process to activate the ‘blocking statute’ from 1996, on Friday morning at 10:30: Jean-Claude Juncker Legal, Regulation & Compliance Robot at $390 Billion Nordea Wealth Unit Has Big Plans News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62503/robot-at-390-billion-nordea-wealth-unit-has-big-plans Nordea wants to use Nora to help expand that figure to about 2 million people in the next 2-3 years. FinTech Clydesdale owner puts faith in digital banking for the future News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62505/clydesdale-owner-puts-faith-in-digital-banking-for-the-future CYBG’s digital brand B has already secured more than 170,000 customers and £1.6 billion in deposits. FinTech Funds fight to focus on Iris in UK's biggest software buyout deal News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62507/funds-fight-to-focus-on-iris-in-ukamp039s-biggest-software-buyout-deal Omers and ICG are vying to invest alongside Hg's Saturn fund in the UK's biggest-ever software sector buyout, Sky News learns. FinTech AxiomSL solution goes live at European operations of mystery US bank News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62523/axiomsl-solution-goes-live-at-european-operations-of-mystery-us-bank AxiomSL claims that the implementation was fast, efficient and cost-effective due to its use of a single platform that can be used “for all regulatory calculations and reporting requirements. FinTech Castlight empowers first open banking loan for HSBC News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62529/castlight-empowers-first-open-banking-loan-for-hsbc Following a test and pilot programme, HSBC UK have used Castlight Financial’s powerful categorisation technology tool, CaaS® or Catgorisation as a Service FinTech Russian Bank Completes Bond Blockchain Transaction News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62470/russian-bank-completes-bond-blockchain-transaction The trade was privately placed on the OTC market. FinTech The innovation wave for banks News Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62472/the-innovation-wave-for-banks Latest technology and methodologies are utilised in its digital banking offering with a number of successful implementations around the world. FinTech The innovation wave for banks by Profile Software News Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62485/the-innovation-wave-for-banks-by-profile-software Latest technology and methodologies are utilised in its digital banking offering with a number of successful implementations around the world. FinTech SS&C Vision FI awarded Best Client Communications Solution News Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62494/ssampampc-vision-fi-awarded-best-client-communications-solution The WealthBriefing awards showcase ‘best of breed’ providers that have clearly demonstrated innovation and excellence in the global private banking, wealth management and advisor communities. FinTech Santander and Broadridge Complete a First Practical Use of Blockchain News Team Thursday, May 17, 2018 1:00 am http://eubankers.net/article/62447/santander-and-broadridge-complete-a-first-practical-use-of-blockchain The participation for the new platform amounted to 21% of the total that participated in the AGM. FinTech Woodford dropped from wealth manager’s list of recommended funds News Aggregation Team Tuesday, May 22, 2018 1:00 am http://eubankers.net/article/62546/woodford-dropped-from-wealth-manageramprsquos-list-of-recommended-funds Charles Stanley takes Woodford off its recommended list, as famed fund manager battles losses Alternative Investments IHS Markit inks USD1.855bn deal News Aggregation Team Tuesday, May 22, 2018 1:00 am http://eubankers.net/article/62550/ihs-markit-inks-usd1855bn-deal Supports all participants in the capital-raising process, including banks, public and private companies, institutional and individual investors as well as research, asset management and wealth management firms. Alternative Investments Wells Fargo Asset Management Launches Global Equity Absolute Return Fund News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62518/wells-fargo-asset-management-launches-global-equity-absolute-return-fund The Global Equity Absolute Return Fund aims to achieve long-term capital appreciation and an absolute, or positive, return regardless of market conditions. Alternative Investments Kensington & Chelsea to manage £220m property portfolio News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62526/kensington-ampamp-chelsea-to-manage-amppound220m-property-portfolio Wealthy London borough to put one-fifth of its pension fund into commercial property Alternative Investments Neptune rules out role in industry consolidation News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62531/neptune-rules-out-role-in-industry-consolidation The company reported a profit of £675,000 for the period. Alternative Investments Hansard to launch new Bahamas-based company News Aggregation Team Thursday, May 17, 2018 1:00 am http://eubankers.net/article/62452/hansard-to-launch-new-bahamas-based-company HWL said that it will provide “portable investment-linked insurance products to mobile, internationally-minded clients who wish to manage their long-term finances with a global perspective”. Alternative Investments New Legal & General Future World Gender in Leadership fund - will pump cash into firms which employ more women News Aggregation Team Thursday, May 17, 2018 1:00 am http://eubankers.net/article/62460/new-legal-ampamp-general-future-world-gender-in-leadership-fund-will-pump-cash-into-firms-which-employ-more-women It is the first investment offer of its kind in Britain, and mirrors State Street’s She fund in the US. Alternative Investments Hedge funds bet on big turnaround by Italy's mid-tier banks News Aggregation Team Wednesday, May 16, 2018 1:00 am http://eubankers.net/article/62403/hedge-funds-bet-on-big-turnaround-by-italyamp039s-mid-tier-banks Credito Valtellinese had strong hedge fund interest Alternative Investments Aviva platform sales hold strong despite re-platforming issues News Aggregation Team Wednesday, May 16, 2018 1:00 am http://eubankers.net/article/62418/aviva-platform-sales-hold-strong-despite-re-platforming-issues 'Aftershocks to be felt in Q2 sales' Alternative Investments Tangency Capital says has launched $50 mln reinsurance hedge fund News Aggregation Team Wednesday, May 16, 2018 1:00 am http://eubankers.net/article/62425/tangency-capital-says-has-launched-50-mln-reinsurance-hedge-fund Last year was the worst on record for insurance losses from natural disasters, including Hurricanes Harvey, Irma and Maria. Alternative Investments HSBC Securities Services global head Cian Burke dies in cycling accident News Aggregation Team Tuesday, May 22, 2018 1:00 am http://eubankers.net/article/62552/hsbc-securities-services-global-head-cian-burke-dies-in-cycling-accident Industry veteran and GC Legend who had spent almost 25 years at HSBC dies in cycling accident. Investment Banking Investment banks line up rebound in revenues News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62544/investment-banks-line-up-rebound-in-revenues Citigroup expects recovery from fall of about 15% in first 5 months of the year Investment Banking Goldman Sachs: Marcus Is Coming to Europe News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62475/goldman-sachs-marcus-is-coming-to-europe European boss Richard Gnodde announced the bank's intention to roll out the online-platform «Marcus» in Germany, its third target market. Investment Banking The real reason analysts should still leave investment banks after just two years News Aggregation Team Wednesday, May 16, 2018 1:00 am http://eubankers.net/article/62404/the-real-reason-analysts-should-still-leave-investment-banks-after-just-two-years Either way, other banks followed suit, and soon the “third-year analyst” became a somewhat uncommon job title. It's also become one you probably don't want on your resume. Investment Banking RBI reports consolidated profit of € 399 million for the first quarter of 2018 News Team Tuesday, May 15, 2018 1:00 am http://eubankers.net/article/62375/rbi-reports-consolidated-profit-of-ampeuro-399-million-for-the-first-quarter-of-2018 Profit before tax increases 60.3 per cent to € 529 million Investment Banking Credit Agricole Caught in Fixed-Income Slump Like Rivals News Aggregation Team Tuesday, May 15, 2018 1:00 am http://eubankers.net/article/62380/credit-agricole-caught-in-fixed-income-slump-like-rivals Revenue also suffered from the bank taking a more "selective" approach to employing its capital Investment Banking HSBC claims first trade-finance deal with blockchain News Aggregation Team Monday, May 14, 2018 1:00 am http://eubankers.net/article/62347/hsbc-claims-first-trade-finance-deal-with-blockchain Bank says letter of credit for Cargill opens door for technology in $9tn market Investment Banking ABN Amro to close Dubai office amid thin business for Dutch lender News Aggregation Team Monday, May 14, 2018 1:00 am http://eubankers.net/article/62357/abn-amro-to-close-dubai-office-amid-thin-business-for-dutch-lender The bank plans to transfer some of its international commodities business clients to Amsterdam Investment Banking Deutsche Bank looks to remove investment unit underperformers News Aggregation Team Sunday, May 13, 2018 1:00 am http://eubankers.net/article/62339/deutsche-bank-looks-to-remove-investment-unit-underperformers Group looks to follow in footsteps of Goldman as it vows to shake up the division Investment Banking At Deutsche Bank's U.S. Unit, Anxiety Grows Before Ax Falls News Aggregation Team Friday, May 11, 2018 1:00 am http://eubankers.net/article/62315/at-deutsche-bankamp039s-us-unit-anxiety-grows-before-ax-falls The company’s April 26 announcement that it will probably shrink global equities trading, and in America scale back rates and corporate financing businesses, should’ve provided staff some clarity. Investment Banking I hear there's a football match on? by Penny Lovell Penny Lovell Monday, May 21, 2018 1:00 am http://eubankers.net/article/62498/i-hear-thereamp039s-a-football-match-on-by-penny-lovell Interestingly, there is also growing support among Millenials for pre-nuptial agreements. Comment, Analysis & Research Market conditions starting to favour active managers by By Anthony Torr News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62499/market-conditions-starting-to-favour-active-managers-by-by-anthony-torr Active managers have historically performed better on a relative basis when intra-market correlations are lower, dispersion levels are higher, and market leadership is not excessively concentrated. Comment, Analysis & Research Soaring profits push global dividends to a first-quarter record News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62515/soaring-profits-push-global-dividends-to-a-first-quarter-record The Janus Henderson Global Dividend Index ended the quarter at a record 174.2, meaning that global payouts last year were almost three-quarters higher than in 2009. Comment, Analysis & Research He who hesitates is lost News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62525/he-who-hesitates-is-lost The eurozone data has been particularly weak and Japan too with first-quarter GDP growth well below expectations. Comment, Analysis & Research Research: Banks now lose over half of applicants during application process News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62524/research-banks-now-lose-over-half-of-applicants-during-application-process The research, Battle to On-board II, follows up from research two years ago that showed 40% of online applications in the UK were abandoned at this final, crucial stage. Comment, Analysis & Research The Mafia Reporter With a Police Escort (and the 200 Journalists Like Him) News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62521/the-mafia-reporter-with-a-police-escort-and-the-200-journalists-like-him Angering the mafia as a journalist in Italy makes for a lonely life. Comment, Analysis & Research Information in the Swedish media regarding a supervisory matter within Handelsbanken's UK branch News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62522/information-in-the-swedish-media-regarding-a-supervisory-matter-within-handelsbankenamp039s-uk-branch The purpose of this is to ensure that the Bank can make the improvements expected by the Authority in the best possible manner. Comment, Analysis & Research The Economist Intelligence Unit launched a report on Global Retail Banking News Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62532/the-economist-intelligence-unit-launched-a-report-on-global-retail-banking Retail bank executives are reviewing their digital strategies, with 61% developing niche propositions and others, to varying degrees, opening up and giving access to new third parties Comment, Analysis & Research Hedge fund selection chief reveals Alt Ucits growth areas News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62536/hedge-fund-selection-chief-reveals-alt-ucits-growth-areas Bousarsar currently heads up the firm's €3.2 billion Alt Ucits platform and said asset managers operating these platforms should be striving to meet the best execution regulation. Comment, Analysis & Research Guernsey reaffirms constitutional position and transparency record following beneficial ownership debate News Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62468/guernsey-reaffirms-constitutional-position-and-transparency-record-following-beneficial-ownership-debate These amendments sought to impose the UK’s domestic policy on the islands – an approach that is incompatible with the long-standing constitutional relationship. Comment, Analysis & Research Saffery Champness Edinburgh Tax Team shortlisted in awards News Team Tuesday, May 22, 2018 1:00 am http://eubankers.net/article/62553/saffery-champness-edinburgh-tax-team-shortlisted-in-awards Judging is conducted by an independent panel of experts, with additional research carried out by Edinburgh Napier University's Business School. Tax CRACKDOWN: Offshore hell for Gib’s fiscal fraudsters News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62506/crackdown-offshore-hell-for-gibamprsquos-fiscal-fraudsters The free riding foreigners were said to be living in luxurious residences on the Costa del Sol but were registered on The Rock to avoid paying income and capital gains tax. Tax Breaking Bad to the Paradise Papers: all you need to know about money laundering News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62510/breaking-bad-to-the-paradise-papers-all-you-need-to-know-about-money-laundering The art of hiding money from the taxman is under threat from laws demanding greater transparency Tax Germany: New taxation regime for investment fund income as of 2018 News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62477/germany-new-taxation-regime-for-investment-fund-income-as-of-2018 As of January 1, 2018, reforms to the German Investment Tax Act significantly change the taxation of investment fund income. Tax HMRC’s handling of tax investigations under scrutiny by George Bull George Bull Wednesday, May 16, 2018 1:00 am http://eubankers.net/article/62409/hmrcamprsquos-handling-of-tax-investigations-under-scrutiny-by-george-bull It's an old question, but who investigates the investigators? Tax HMRC appeals Hargreaves 'discount tax' ruling News Aggregation Team Wednesday, May 16, 2018 1:00 am http://eubankers.net/article/62410/hmrc-appeals-hargreaves-amp039discount-taxamp039-ruling Fate of millions of pounds set to be returned to investors will hinge on verdict, as taxman appeals ruling in favour of Hargreaves Lansdown. Tax Real Madrid superstar Cristiano Ronaldo ‘wants club to pay £26.45m fine to tax office’ amid contract negotiations News Aggregation Team Tuesday, May 15, 2018 1:00 am http://eubankers.net/article/62378/real-madrid-superstar-cristiano-ronaldo-amplsquowants-club-to-pay-amppound2645m-fine-to-tax-officeamprsquo-amid-contract-negotiations Five-time Ballon d'Or-winner has reached a deal with tax authorities — but amount will be relevant to new salary in renewal Tax Concern about extension of time limits on tax investigations News Aggregation Team Tuesday, May 15, 2018 1:00 am http://eubankers.net/article/62379/concern-about-extension-of-time-limits-on-tax-investigations At the Autumn Budget 2017, the Government announced that the assessment time limit for cases of mistakes or non-deliberate offshore tax non-compliance will be increased Tax International Tax Issues to watch News Aggregation Team Friday, May 11, 2018 1:00 am http://eubankers.net/article/62329/international-tax-issues-to-watch To manage their transfer pricing exposure, multinationals should review their existing transfer pricing policy on a global basis. Tax Luxembourg: Tax authorities to examine transactions with jurisdictions on EU list of noncooperative countries News Team Friday, May 11, 2018 1:00 am http://eubankers.net/article/62330/luxembourg-tax-authorities-to-examine-transactions-with-jurisdictions-on-eu-list-of-noncooperative-countries The reporting requirement will apply for the first time in the tax returns to be filed in 2019 covering fiscal year 2018. Tax British lender Hermes to home in on Irish market News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62527/british-lender-hermes-to-home-in-on-irish-market The asset manager said that it could not yet confirm the size of the fund or what proportion of it would likely be spent in Ireland. Retail Banking Lloyds to Sell $5.8 Billion of Irish Mortgages to Barclays News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62481/lloyds-to-sell-58-billion-of-irish-mortgages-to-barclays Barclays likely to sell on loans to investors, person says Retail Banking Silicon Valley Bank to open office in Germany with Deutsche alumna News Aggregation Team Thursday, May 17, 2018 1:00 am http://eubankers.net/article/62448/silicon-valley-bank-to-open-office-in-germany-with-deutsche-alumna About 50 percent of all venture capital-backed tech and life science companies in the U.S. are among its customers. In the first quarter of 2018, the average credit volume was $23.8 billion. Retail Banking The best of the best: RBI 2018 Global Awards winners revealed News Aggregation Team Wednesday, May 16, 2018 1:00 am http://eubankers.net/article/62402/the-best-of-the-best-rbi-2018-global-awards-winners-revealed It was a good night for Emirates NBD with three awards and for Royal Bank of Canada with two wins. Retail Banking Commerzbank first-quarter pretax profit drops on higher costs News Team Tuesday, May 15, 2018 1:00 am http://eubankers.net/article/62381/commerzbank-first-quarter-pretax-profit-drops-on-higher-costs Stable revenues of €2.30bn (Q1 2017: €2.39bn) – revenues adjusted for exceptional items slightly higher than in Q1 2017 Retail Banking Commerzbank has to protect its home turf News Aggregation Team Thursday, May 10, 2018 1:00 am http://eubankers.net/article/62281/commerzbank-has-to-protect-its-home-turf Germany’s second-largest bank has been linked to a variety of foreign suitors over the past year, ranging from Unicredit to UBS to Deutsche Bank. Retail Banking Intesa Sanpaolo sticks to higher profit pledge after best first quarter since 2008 News Aggregation Team Wednesday, May 09, 2018 1:00 am http://eubankers.net/article/62259/intesa-sanpaolo-sticks-to-higher-profit-pledge-after-best-first-quarter-since-2008 In recent years Intesa has switched from traditional lending activity to a business increasingly based on fees earned through asset management and insurance. Retail Banking Bank of London and the Middle East opens in DIFC News Aggregation Team Wednesday, May 09, 2018 1:00 am http://eubankers.net/article/62269/bank-of-london-and-the-middle-east-opens-in-difc As a branch, BLME DIFC will manage client relationships, on-board new clients and arrange investment opportunities. Retail Banking TSB tells customers: ask your local postman what your bank balance is News Aggregation Team Friday, May 04, 2018 1:00 am http://eubankers.net/article/62195/tsb-tells-customers-ask-your-local-postman-what-your-bank-balance-is TSB then posted a tweet on Thursday morning suggesting that customers use the Post Office to cash in cheques, pay in cash or check their bank balances. Retail Banking HSBC reports surprise pre-tax profit fall News Aggregation Team Friday, May 04, 2018 1:00 am http://eubankers.net/article/62202/hsbc-reports-surprise-pre-tax-profit-fall The bank said revenue in the period rose 6% to $13.7bn. Retail Banking Investing app enters Sipp market News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62478/investing-app-enters-sipp-market The pension product, however, will only accept transfers from defined contribution schemes. Pensions Old Mutual's Greer on how pension freedoms changed advice News Aggregation Team Friday, May 18, 2018 1:00 am http://eubankers.net/article/62479/old-mutualamp039s-greer-on-how-pension-freedoms-changed-advice He said 47 per cent were also looking at their options but did not understand pension freedoms, and had not engaged with this. Pensions 7IM to buy Edinburgh-based asset manager News Team Thursday, May 17, 2018 1:00 am http://eubankers.net/article/62450/7im-to-buy-edinburgh-based-asset-manager Both firms have a shared multi asset investment approach and aligned investment philosophies. Pensions 7IM enters SIPP marketplace News Team Wednesday, May 16, 2018 1:00 am http://eubankers.net/article/62423/7im-enters-sipp-marketplace Annual fees, where payable, are charged annually in advance, all other fees are charged at the time of the transaction. Pensions Pensions watchdog to beef up workforce in wake of recent scandals News Team Friday, May 11, 2018 1:00 am http://eubankers.net/article/62327/pensions-watchdog-to-beef-up-workforce-in-wake-of-recent-scandals The plan also delivers a significant increase in resources to protect pension savers. Pensions One in five UK adults have lost track of a pension News Team Wednesday, May 09, 2018 1:00 am http://eubankers.net/article/62264/one-in-five-uk-adults-have-lost-track-of-a-pension One place to start when trying to track down missing pension is the UK Government’s Pensions Tracing Service Pensions Third of retirees relying on drawdown are first-time investors News Team Wednesday, May 02, 2018 1:00 am http://eubankers.net/article/62145/third-of-retirees-relying-on-drawdown-are-first-time-investors The research also reveals that one in ten (10%) UK adults not getting advice rely on search engines to help them navigate the complexities of drawdown, while one in five (20%) Pensions Europe's Pension Problem Spurs Return of Veteran Investors News Aggregation Team Monday, April 23, 2018 1:00 am http://eubankers.net/article/61900/europeamp039s-pension-problem-spurs-return-of-veteran-investors Besides Cowdery's fund, the newly formed European Insurance Consolidation Group is also looking for life insurance deals while pensions veteran Edi Truell and fund Clara Pensions both plan to take on defined benefit schemes from British firms. Pensions Retirement specialist acquired by harwood wealth management News Aggregation Team Monday, April 23, 2018 1:00 am http://eubankers.net/article/61903/retirement-specialist-acquired-by-harwood-wealth-management P65 will be integrated into Harwood Wealth Management Group's subsidiary, Compass Wealth Management Consultants. Pensions RBS to pay £3.5bn into pension scheme ahead of UK ringfencing News Aggregation Team Tuesday, April 17, 2018 1:00 am http://eubankers.net/article/61832/rbs-to-pay-amppound35bn-into-pension-scheme-ahead-of-uk-ringfencing RBS has signed a memorandum of understanding with the trustees of its pension scheme Pensions Fund managers begin to see a Brexit silver lining News Aggregation Team Monday, May 21, 2018 1:00 am http://eubankers.net/article/62528/fund-managers-begin-to-see-a-brexit-silver-lining The threats of a poor deal, onerous regulation and an exodus of talent are receding, say industry insiders Brexit Britain Seeks $40 Billion Investment to Boost Economy After Brexit News Aggregation Team Thursday, May 17, 2018 1:00 am http://eubankers.net/article/62441/britain-seeks-40-billion-investment-to-boost-economy-after-brexit The Department for International Trade will promote the projects to investors overseas and more will be added in the coming months. Brexit Bankers With Broken English Are Luxembourg's Brexit Bottleneck News Aggregation Team Monday, May 14, 2018 1:00 am http://eubankers.net/article/62344/bankers-with-broken-english-are-luxembourgamp039s-brexit-bottleneck While the country’s tiny capital, Luxembourg City, may not rank as high as London or Paris on the fame scale, employment figures tell a story of success. Brexit EU officials braced for 'nightmare scenario' as anti-Brussels radicals prepare to govern Italy News Aggregation Team Sunday, May 13, 2018 1:00 am http://eubankers.net/article/62342/eu-officials-braced-for-amp039nightmare-scenarioamp039-as-anti-brussels-radicals-prepare-to-govern-italy The unlikely allies vow a blizzard of contentious measures, threatening to cancel VAT rises, overturn key market reforms, introduce a universal "basic income" for the poor, and launch a fiscal blitz in open defiance of EU spending rules. Brexit Britain's Retired Sun Seekers Risk Losing Pensions After Brexit News Aggregation Team Thursday, May 10, 2018 1:00 am http://eubankers.net/article/62297/britainamp039s-retired-sun-seekers-risk-losing-pensions-after-brexit There are 38 million people living in Europe outside Britain who have policies with U.K. insurers, according to Nicky Morgan, chair of Parliament’s Treasury Committee. Brexit EU's Barnier plays down bespoke Brexit deal for British financial sector News Aggregation Team Friday, April 27, 2018 1:00 am http://eubankers.net/article/62050/euamp039s-barnier-plays-down-bespoke-brexit-deal-for-british-financial-sector The so-called equivalence system works on the basis of Brussels granting access to the EU for banks, insurers and asset managers from outside the bloc if the bloc deems their home rules to be similar enough. Brexit Hiring tumbles at UK fund houses as Brexit plans kick in News Aggregation Team Monday, April 23, 2018 1:00 am http://eubankers.net/article/61895/hiring-tumbles-at-uk-fund-houses-as-brexit-plans-kick-in Asset managers cut back on London appointments and bolster European bases Brexit Theresa May to offer Commonwealth post-Brexit bonus News Aggregation Team Monday, April 16, 2018 1:00 am http://eubankers.net/article/61773/theresa-may-to-offer-commonwealth-post-brexit-bonus London hosts summit of 2.4bn ‘Anglosphere’ for first time in 20 years Brexit Brexit’s offshore secrets News Aggregation Team Friday, April 13, 2018 1:00 am http://eubankers.net/article/61743/brexitamprsquos-offshore-secrets Banks has declined to answer questions about the origin of the bailout funds, while a spokesman for STM said the company did not supply the money or have any direct connection with the rescue. Brexit Brexit Punishment: EU could SHUT DOWN 300,000 UK websites, Brussels warns News Aggregation Team Wednesday, April 04, 2018 1:00 am http://eubankers.net/article/61521/brexit-punishment-eu-could-shut-down-300000-uk-websites-brussels-warns Brussels will delete hundreds of thousands of UK websites, unless a new Brexit deal is negotiated. Brexit