The European Banking News Network http://eubankers.net/ Thu, 19 Oct 2017 10:48:16 GMT part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png The European Banking News Network KohanaPHP Schroders assets leap to new record high News Aggregation Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57563/schroders-assets-leap-to-new-record-high In total, the assets it both managed and advised were £430.2bn, up 9 per cent over the same period. Wealth and Asset Management Liechtenstein Private Bank changes hands For $59.7 Million News Aggregation Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57574/liechtenstein-private-bank-changes-hands-for-597-million Assets under management of over 1 billion Swiss Franc as of Sept 30, 2017. Wealth and Asset Management Rathbones ethical and fund units lead on asset gathering News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57533/rathbones-ethical-and-fund-units-lead-on-asset-gathering We are well positioned for the future and will continue to pursue growth opportunities both organically and through acquisition. Wealth and Asset Management Network Online With New Coutts Connect Service News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57537/network-online-with-new-coutts-connect-service For centuries, Coutts has gone beyond the ordinary role of a bank by introducing our influential and successful clients to each other so that together they can achieve great things. Wealth and Asset Management PraxisIFM extends its Pension Servicing offering with acquisition News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57549/praxisifm-extends-its-pension-servicing-offering-with-acquisition PraxisIFM is acquiring 50% of RiskCo Group by way of a share exchange and a subscription for new shares in RiskCo Wealth and Asset Management Signia Accuses Co-Founder Of Fiddling £33k Expenses News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57552/signia-accuses-co-founder-of-fiddling-amppound33k-expenses Signia Wealth VS Co-Founder Nathalie Dauriac Wealth and Asset Management More IFAs on the hunt for acquisitions than selling up News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57540/more-ifas-on-the-hunt-for-acquisitions-than-selling-up The UK firm acts for both seller and acquirer as an independent party as an alternative to corporate finance or a broker. Wealth and Asset Management Spain’s Continental Wealth Mgmt reported to close News Aggregation Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57498/spainamprsquos-continental-wealth-mgmt-reported-to-close It isn’t known how long Continental Wealth was in business but sources say it has been transferring pensions out of the UK, mainly on behalf of expatriate Britons living in Spain and Portugal, for years. Wealth and Asset Management This is what you’ll be paid at Point72 Asset Management in London News Aggregation Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57484/this-is-what-youamprsquoll-be-paid-at-point72-asset-management-in-london Point72 also has seven partners, including its UK parent company Point72 UK Limited, which is up from three in 2015. Wealth and Asset Management Liontrust managers buy into largest asset manager in Europe News Aggregation Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57485/liontrust-managers-buy-into-largest-asset-manager-in-europe Russ has also bought into Italian asset managers Anima and Azimut as a play on Italy’s high savings rate. Wealth and Asset Management Management changes at Handelsbanken News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57526/management-changes-at-handelsbanken The appointment is subject to approval by the authorities. Executive Moves Canaccord Genuity offshore wealth heads join board News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57544/canaccord-genuity-offshore-wealth-heads-join-board Prior to joining Canaccord Genuity Wealth Executive Moves Brewin Dolphin Names New Bristol Office Head News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57550/brewin-dolphin-names-new-bristol-office-head Brewin Dolphin's New Bristol Office Head Executive Moves Intrinsic compliance lead departs after just eight months News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57569/intrinsic-compliance-lead-departs-after-just-eight-months The firm says no decision has been taken on plans for the future of the role. Executive Moves Bank of Ireland's Bannigan moves on from private banking unit News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57490/bank-of-irelandamp039s-bannigan-moves-on-from-private-banking-unit The scale of the overhaul raises questions about Bank of Ireland's strategy for its private banking division. Executive Moves Legg Mason announces head of wealth management News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57500/legg-mason-announces-head-of-wealth-management The wealth management channel is undergoing significant change and is a core focus for our UK business. Executive Moves Hogan Lovells and Mauritian trust company make African hires News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57515/hogan-lovells-and-mauritian-trust-company-make-african-hires We are all about helping our clients improve people’s lives Executive Moves Barclays Poaches HSBC Investment Banker for U.K. Co-Head Role News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57529/barclays-poaches-hsbc-investment-banker-for-uk-co-head-role Foreign acquisitions of U.K. companies is down both by total value and volume so far this year from the prior period. Executive Moves Muzinich & Co further strengthens its analyst capabilities News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57511/muzinich-ampamp-co-further-strengthens-its-analyst-capabilities The expansion of the firm’s team of dedicated analysts highlights Muzinich’s ongoing commitment to credit research, the cornerstone of its investment process. Executive Moves Linklaters strengthens arbitration team in Warsaw News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57513/linklaters-strengthens-arbitration-team-in-warsaw She is fluent in Polish, English and French. Executive Moves Bank of Ireland Faces Legal Challenge News Aggregation Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57557/bank-of-ireland-faces-legal-challenge Bank of Ireland Faces An Appeal By A Former Client Legal, Regulation & Compliance London urges inquiry into HSBC and StanChart over scandal-mired Guptas News Aggregation Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57568/london-urges-inquiry-into-hsbc-and-stanchart-over-scandal-mired-guptas Guptas central in scandal South Africa allegations they used a friendship with the president to influence state business Legal, Regulation & Compliance Herbert Smith Freehills - Financial regulation update Herbert Smith Freehills Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57535/herbert-smith-freehills-financial-regulation-update The Criminal Finances Act 2017 (Commencement No. 2 and Transitional Provisions) Regulations 2017 Legal, Regulation & Compliance In U.K. interests to keep close EU economic ties News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57532/in-uk-interests-to-keep-close-eu-economic-ties The warning is likely to anger pro-Brexit groups and politicians who want to fully sever ties and say Britain can thrive outside the bloc. Legal, Regulation & Compliance Regulators, firms and professional bodies urged to work together to close information loopholes News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57539/regulators-firms-and-professional-bodies-urged-to-work-together-to-close-information-loopholes The Alliance cites a recent study commissioned by the Chartered Banker Institute which found that professionally qualified bankers have an extremely high level of professional pride in their work, compared to their non-qualified counterparts. Legal, Regulation & Compliance Libyan Investment Authority V Goldman Sachs: Court of Appeal refuses permission to appeal News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57543/libyan-investment-authority-v-goldman-sachs-court-of-appeal-refuses-permission-to-appeal The Court of Appeal refused an application for permission to appeal made by the LIA on all grounds submitted. Legal, Regulation & Compliance Home Office ‘illegal migrant’ crackdown to threaten bank clients News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57554/home-office-amplsquoillegal-migrantamprsquo-crackdown-to-threaten-bank-clients This opens up a Pandora’s Box of potential complications which could have far reaching effects on HNW foreign individuals’ ability to access their UK bank accounts. Legal, Regulation & Compliance Norway's $1 trillion wealth fund wades into row over changes to London's listing rules News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57558/norwayamp039s-1-trillion-wealth-fund-wades-into-row-over-changes-to-londonamp039s-listing-rules The changes to listing rules would cover relations between the company and its controlling shareholder, and whether smaller shareholders get to vote on independent directors. Legal, Regulation & Compliance Gibraltar FSC inks MOU with Securities and Exchange Board of India News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57499/gibraltar-fsc-inks-mou-with-securities-and-exchange-board-of-india The MOU is also expected to contribute towards strengthening the information sharing framework and add value to overseas mutual cooperation and regulation activities. Legal, Regulation & Compliance Lloyds snubs £500m settlement bid as HBOS merger trial kicks off News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57488/lloyds-snubs-amppound500m-settlement-bid-as-hbos-merger-trial-kicks-off The action group is reported to be seeking damages of about £600m. Legal, Regulation & Compliance BNP Paribas and EY explore private blockchain to optimize the bank’s global internal treasury operations News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57520/bnp-paribas-and-ey-explore-private-blockchain-to-optimize-the-bankamprsquos-global-internal-treasury-operations This pilot has highlighted how an internal, private blockchain could be used to improve operational efficiency by providing a more integrated cash management approach between businesses, allowing greater flexibility and a 24/7 capability. FinTech Eight banks form joint venture to launch blockchain trade platform News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57507/eight-banks-form-joint-venture-to-launch-blockchain-trade-platform The consortium is expected to grow to include additional banks from other countries and as well as trading partners such as shippers, freight forwarders and credit agencies. FinTech T. Rowe Price announced as latest provider partner for Panacea Adviser News Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57462/t-rowe-price-announced-as-latest-provider-partner-for-panacea-adviser Derek Bradley, CEO of Panacea Adviser, said: “We’ve seen a growing number of partners from within the asset management space wanting to become part of our unique community this year." FinTech Inventive cyber gang steals millions from East European banks News Aggregation Team Thursday, October 12, 2017 12:00 am http://eubankers.net/article/57387/inventive-cyber-gang-steals-millions-from-east-european-banks After gaining foothold into the processor’s network, the attackers compromised the Enterprise Admin account which eventually gave them full access into the infrastructure. FinTech Platforms of the future News Team Wednesday, October 11, 2017 12:00 am http://eubankers.net/article/57338/platforms-of-the-future Platform managers are mutualising non-competitive activities to the advantage of their member. FinTech apoBank signs inks deal with Avaloq News Team Wednesday, October 11, 2017 12:00 am http://eubankers.net/article/57342/apobank-signs-inks-deal-with-avaloq The implementation of the Avaloq Banking Suite at apoBank will be carried out jointly by DXC Technology, Orbium and Avaloq. FinTech Russia to Shut Down Cryptocurrency Trading News Aggregation Team Wednesday, October 11, 2017 12:00 am http://eubankers.net/article/57378/russia-to-shut-down-cryptocurrency-trading Earlier in the day Tuesday, he acknowledged the means of payment had become a form of high-yield investment that carried with it “unreasonably high risks.” FinTech New tech will give boutiques edge on fund titans, says NCI News Aggregation Team Tuesday, October 10, 2017 12:00 am http://eubankers.net/article/57302/new-tech-will-give-boutiques-edge-on-fund-titans-says-nci Alongside smaller businesses well-established better ability to find and exploit alpha, the report pointed out that tech could defray much of the current percentage of their cost base goes on regulatory expenses. FinTech EU raids banks over attempts to block financial tech rivals News Aggregation Team Sunday, October 08, 2017 12:00 am http://eubankers.net/article/57244/eu-raids-banks-over-attempts-to-block-financial-tech-rivals Officials are worried that banks are denying access to your account info. FinTech EU raids Polish and Dutch banking groups over fintech access News Aggregation Team Sunday, October 08, 2017 12:00 am http://eubankers.net/article/57269/eu-raids-polish-and-dutch-banking-groups-over-fintech-access Brussels fears lenders are blocking challengers’ access to data on customers FinTech Mortgage rates help make AIB ‘most profitable’ euro zone banket’ News Aggregation Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57562/mortgage-rates-help-make-aib-amplsquomost-profitableamprsquo-euro-zone-banketamprsquo German analysis finds that Ireland is a ‘very attractive banking market’ Alternative Investments GAM increases AUM by 13 percent in three months News Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57570/gam-increases-aum-by-13-percent-in-three-months Total net inflows of CHF 11.8 billion Alternative Investments Investing with IMPACT News Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57571/investing-with-impact Impact investing involves investing in companies that have the intention of generating measurable positive social and environmental impact alongside financial returns. While environmental, social and governance analysis has become an integral tool for in Alternative Investments Fry Group unveils its ‘first-ever’ X-border investment product News Aggregation Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57573/fry-group-unveils-its-amplsquofirst-everamprsquo-x-border-investment-product The actual development of the new investment service took place over the past 18 months, mainly in Singapore, in partnership with ISG, Woodley added. Alternative Investments Charity Checkout secures over $1m investment News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57538/charity-checkout-secures-over-1m-investment The company operates in the UK but also has clients in Ireland, Australia, Canada and USA. Alternative Investments Standard Life Investments launches Global Equity Impact Fund News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57542/standard-life-investments-launches-global-equity-impact-fund Standard Life Investments has used the universally accepted 17 United Nation’s Sustainable Development Goals as a framework to develop its own impact process and analysis. Alternative Investments UK Commercial Property Trust sitting pretty outside the City News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57566/uk-commercial-property-trust-sitting-pretty-outside-the-city The City rental market has now started to fall back a little Alternative Investments Capital Dynamics Closes Fourth Co-Investment Fund Above Target News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57518/capital-dynamics-closes-fourth-co-investment-fund-above-target This is our largest co-investment fund to date. Alternative Investments Infinity grows assets to nearly £900M in milestone year News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57519/infinity-grows-assets-to-nearly-amppound900m-in-milestone-year Investment group Infinity has seen its funds under management and advice surge to nearly £900m as it celebrates its 10th birthday. Alternative Investments Mayfair investment boutique targets international investors with quant-assisted products News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57514/mayfair-investment-boutique-targets-international-investors-with-quant-assisted-products Newscape’s investment concept, as Morris defines it, is to start with an eye on the various major stock indexes Alternative Investments Sberbank joins Enterprise Ethereum Alliance News Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57564/sberbank-joins-enterprise-ethereum-alliance The numerous members of EEA, which was set up in March 2017, include major banks such as Credit Suisse, ING, JPMorgan, Santander and UBS. Investment Banking Societe Generale wins 11 awards News Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57572/societe-generale-wins-11-awards The awards granted to Global Transaction Banking’s teams show the activity is growing fast and is strengthening in all the areas where it operates. Investment Banking Banco Sabadell mulls moving top management from Catalonia News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57524/banco-sabadell-mulls-moving-top-management-from-catalonia But it will depend on the next steps that could be taken by Puigdemont. Investment Banking Top Credit Suisse investor backs part of activist plan News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57556/top-credit-suisse-investor-backs-part-of-activist-plan Harris rejects bulk of RBR case but warms to idea of investment bank shift to US Investment Banking UBS asks London investment bankers News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57523/ubs-asks-london-investment-bankers UBS is amongst the last of the big banks to decide on a location. Investment Banking Davy earned more than €1.7m in fees from AIB’s IPO News Aggregation Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57471/davy-earned-more-than-ampeuro17m-in-fees-from-aibamprsquos-ipo Irish stockbroker Goodbody also received large fees from bank’s stock market listing Investment Banking Poland is completing talks with two banks after move by JPMorgan News Aggregation Team Sunday, October 15, 2017 12:00 am http://eubankers.net/article/57442/poland-is-completing-talks-with-two-banks-after-move-by-jpmorgan Poland's lower costs, a skilled workforce and its European Union membership are drawing banks amid competition for jobs set to move away from London. Investment Banking James Disney of Credit Suisse: “The Sky’s the Limit” News Aggregation Team Saturday, October 14, 2017 12:00 am http://eubankers.net/article/57456/james-disney-of-credit-suisse-ampldquothe-skyamprsquos-the-limitamprdquo Blockchain tech can reduce this to just minutes. Investment Banking Deutsche Bank CEO 'losing support of top stakeholders' News Aggregation Team Wednesday, October 11, 2017 12:00 am http://eubankers.net/article/57325/deutsche-bank-ceo-amp039losing-support-of-top-stakeholdersamp039 Pressure will mount on the management board if we don't see improvement in the next two quarters. Investment Banking Netherlands’ ABN Amro Bank to strengthen Mena presence News Aggregation Team Wednesday, October 11, 2017 12:00 am http://eubankers.net/article/57362/netherlandsamprsquo-abn-amro-bank-to-strengthen-mena-presence Lender is hiring staff at Dubai hub and plans to acquire an equity capital market advisory licence to offer pre-IPO services Investment Banking Three decades since Black Monday – are markets on the verge of another tumble? News Aggregation Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57561/three-decades-since-black-monday-ampndash-are-markets-on-the-verge-of-another-tumble For many others, the unexpected fall exposed a weakness they had never expected to see Comment, Analysis & Research Catella establishes the property company Tre Kronor Investment News Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57565/catella-establishes-the-property-company-tre-kronor-investment Catella Asset Management, which will launch operations in Sweden in connection with this mandate, will be responsible for the management of the properties alongside CEO Michael Johansson. Comment, Analysis & Research Millennial savers care most about the ethical impact of their investments News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57541/millennial-savers-care-most-about-the-ethical-impact-of-their-investments The values and attitudes of this tech-savvy demographic are different from those of previous generations. Comment, Analysis & Research Investors Don’t Understand Commonly Used Risk Labels News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57545/investors-donamprsquot-understand-commonly-used-risk-labels Those private investors considering a buy & hold strategy may be wise to re-think. Comment, Analysis & Research As savings crisis looms, employers failing to tackle employee knowledge gap News Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57546/as-savings-crisis-looms-employers-failing-to-tackle-employee-knowledge-gap A third (33%) of UK employees are saving less than £50 a month, which includes one in five (20%) who admit to not saving anything at all. Comment, Analysis & Research Standard Chartered is quietly emerging as one of the biggest banking recruiters of 2017 News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57555/standard-chartered-is-quietly-emerging-as-one-of-the-biggest-banking-recruiters-of-2017 Harding spent the past four years at the Japanese bank as head of emerging markets macro sales, but left earlier this month for Standard Chartered. Comment, Analysis & Research Europe’s dirty secret - Resolving the legacy of non-performing loans News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57493/europeamprsquos-dirty-secret-resolving-the-legacy-of-non-performing-loans Work to address the NPL issue at a European level has increased over the last 12-18 months. Comment, Analysis & Research Coutts Investment themes; Nikkei, IMF and Spain News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57496/coutts-investment-themes-nikkei-imf-and-spain The IMF often tends to lag other economic analysis and there were no real surprises in its report. Comment, Analysis & Research Blockchain and payments: Lessons learned and future prospects News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57495/blockchain-and-payments-lessons-learned-and-future-prospects One of the most challenging aspects is to ensure that all the building blocks, including blockchain, can work together and with our legacy systems. Comment, Analysis & Research Rathbone's comments on ONS consumer price inflation News Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57502/rathboneamp039s-comments-on-ons-consumer-price-inflation Those savers with their capital predominantly held in cash will have seen its value depleted as the rate of inflation moves upwards. Comment, Analysis & Research A tax on the Bank of Mum and Dad? by George Bull George Bull Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57536/a-tax-on-the-bank-of-mum-and-dad-by-george-bull Economic growth seems largely insensitive to tax increases or tax cuts. But targeted tax changes can have a massive impact on individuals. We look at some recent examples, and are concerned at the prospect of a tax on the Bank of Mum and Dad. Tax Real Madrid star Marcelo accused of defrauding Spanish tax authorities of £437,000 by using foreign companies to handle image rights News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57528/real-madrid-star-marcelo-accused-of-defrauding-spanish-tax-authorities-of-amppound437000-by-using-foreign-companies-to-handle-image-rights Who has been playing for Real Madrid since moving from Brazilian club Fluminense in 2007. Tax Specialist VAT service provider joins MHA News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57531/specialist-vat-service-provider-joins-mha MHA Mtaxco has become the latest firm to join the invitation-only MHA Association of Chartered Accountants and Business Advisers Tax Premier League striker first in a raft of 'image rights' tax investigations News Aggregation Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57481/premier-league-striker-first-in-a-raft-of-amp039image-rightsamp039-tax-investigations The payments are nothing to do with ‘image rights’. Tax New Japan-Denmark DTA To Waive Cross-Border Tax News Aggregation Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57491/new-japan-denmark-dta-to-waive-cross-border-tax All other such payments face a 15 percent rate. Tax More than 750,000 people 'pay higher tax rates than a millionaire' News Aggregation Team Sunday, October 15, 2017 12:00 am http://eubankers.net/article/57452/more-than-750000-people-amp039pay-higher-tax-rates-than-a-millionaireamp039 Most people would agree that as people earn more they should pay a higher rate of tax. Tax One of Britain's richest men inherits billions and avoids paying inheritance taxes News Aggregation Team Friday, October 13, 2017 12:00 am http://eubankers.net/article/57436/one-of-britainamp039s-richest-men-inherits-billions-and-avoids-paying-inheritance-taxes The Duke of Westminster's £8.3 billion fortune is believed to have been handed down to his son, Hugh Grosvenor Tax Cyprus tax residency requirements: 60 days of stay in Cyprus News Aggregation Team Thursday, October 12, 2017 12:00 am http://eubankers.net/article/57391/cyprus-tax-residency-requirements-60-days-of-stay-in-cyprus Prior to the amendment, a Cyprus tax resident was an individual who had remained in Cyprus for at least 183 days in one calendar year. Tax Greece dangles jackpot prize to curb tax dodgers News Aggregation Team Thursday, October 12, 2017 12:00 am http://eubankers.net/article/57415/greece-dangles-jackpot-prize-to-curb-tax-dodgers Tax increases have also led to austerity fatigue. Tax A spotter’s guide to tax-evaders Mike Down and Sarah Saunders George Bull Wednesday, October 11, 2017 12:00 am http://eubankers.net/article/57335/a-spotteramprsquos-guide-to-tax-evaders-mike-down-and-sarah-saunders A recent HMRC survey of tax-evading SMEs has shed light on their motivations and methods. It also points to some possible deterrents. Tax Bank Customers At Risk From Authorised Payments Scams, MPs Told News Aggregation Team Thursday, October 19, 2017 12:00 am http://eubankers.net/article/57553/bank-customers-at-risk-from-authorised-payments-scams-mps-told Bank customers Are Increasingly Becoming Victims Of Authorised Push Payments Retail Banking OakNorth joins unicorn club with £154m funding round News Aggregation Team Friday, October 13, 2017 12:00 am http://eubankers.net/article/57404/oaknorth-joins-unicorn-club-with-amppound154m-funding-round Launched in September 2015, the bank has a loan book of over £800 million and claims to have helped with the creation of over 3000 new homes and 2000 new jobs, adding £3 billion to the UK economy. Retail Banking Banca Generali reports net inflows € 386 mln in September News Team Tuesday, October 10, 2017 12:00 am http://eubankers.net/article/57304/banca-generali-reports-net-inflows-ampeuro-386-mln-in-september Total assets in wrapper products are estimated at €11.3 billion for the first nine months of the year. Retail Banking Spain's Santander raises 2018 profitability target News Aggregation Team Tuesday, October 10, 2017 12:00 am http://eubankers.net/article/57324/spainamp039s-santander-raises-2018-profitability-target Santander is struggling to increase earnings from its lending business in Spain where interest rates hover at historic lows and increasing competition is eroding margins. Retail Banking France nudges BNP Paribas towards Commerzbank tie-up News Aggregation Team Thursday, October 05, 2017 12:00 am http://eubankers.net/article/57197/france-nudges-bnp-paribas-towards-commerzbank-tie-up He would not be drawn on the shape of any such tie-up especially since nothing has been made official. Retail Banking Metro Bank reviews possible second charge market entry News Aggregation Team Thursday, October 05, 2017 12:00 am http://eubankers.net/article/57212/metro-bank-reviews-possible-second-charge-market-entry But if there isn’t we won’t go there. Retail Banking Starling Bank becomes latest challenger to launch business account News Aggregation Team Wednesday, October 04, 2017 12:00 am http://eubankers.net/article/57171/starling-bank-becomes-latest-challenger-to-launch-business-account In a market dominated by new entrants, Starling Bank has followed up what it it called Britain’s first mobile-only current account with a business offering. Retail Banking Nordea and DNB unite in the Baltics as Luminor Bank News Aggregation Team Tuesday, October 03, 2017 12:00 am http://eubankers.net/article/57118/nordea-and-dnb-unite-in-the-baltics-as-luminor-bank The bank intends to list on a stock exchange in due course. Retail Banking CEO of Hungary's Top Bank Vows to Buy Five Lenders by 2019 News Aggregation Team Monday, October 02, 2017 12:00 am http://eubankers.net/article/57037/ceo-of-hungaryamp039s-top-bank-vows-to-buy-five-lenders-by-2019 The acquisition plans come on top of the three banks OTP has agreed to buy in the past year. Retail Banking A decade on from disaster, Austrian bank BAWAG plans IPO News Aggregation Team Wednesday, September 27, 2017 12:00 am http://eubankers.net/article/56954/a-decade-on-from-disaster-austrian-bank-bawag-plans-ipo Our planned listing will be a major milestone for BAWAG Group Retail Banking FCA chief: pension freedoms mean fund managers face gov’t scrutiny News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57547/fca-chief-pension-freedoms-mean-fund-managers-face-govamprsquot-scrutiny But it does create some very big public policy challenges. Pensions Two Largest Dutch Pension Fund Managers Successfully Test Blockchain Tech News Aggregation Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57505/two-largest-dutch-pension-fund-managers-successfully-test-blockchain-tech The final goal is to apply this prototype to the pension administration system and make it cost-efficient, transparent, and flexible. Pensions Lloyds Buys Zurich's UK Workplace-Pensions and Savings Business for Undisclosed Sum News Aggregation Team Thursday, October 12, 2017 12:00 am http://eubankers.net/article/57393/lloyds-buys-zurichamp039s-uk-workplace-pensions-and-savings-business-for-undisclosed-sum It didn't say how much it is paying. Pensions Pensions Dashboard Project Report News Team Thursday, October 12, 2017 12:00 am http://eubankers.net/article/57407/pensions-dashboard-project-report The prototype was successfully delivered in March but work has continued to research consumer needs, engage with the wider industry, refine technical standards and look at how it could be appropriately regulated. Pensions Fee transparency vital to avert European pensions crisis News Aggregation Team Monday, October 09, 2017 12:00 am http://eubankers.net/article/57294/fee-transparency-vital-to-avert-european-pensions-crisis Efforts to spur workers to save more for retirement can’t solve looming problem alone Pensions European Pensions to Boost Asset Manager Lineup News Aggregation Team Tuesday, September 26, 2017 12:00 am http://eubankers.net/article/56924/european-pensions-to-boost-asset-manager-lineup According to the report, more than 70% of European pensions mention BlackRock when asked to identify specific asset managers Pensions Consultants pressure pension funds over ethical investment News Team Monday, September 25, 2017 12:00 am http://eubankers.net/article/56858/consultants-pressure-pension-funds-over-ethical-investment Trustees accused of not taking climate change and corporate governance into account Pensions Spanners thrown in regulator's pension transfers work News Aggregation Team Thursday, September 21, 2017 12:00 am http://eubankers.net/article/56805/spanners-thrown-in-regulatoramp039s-pension-transfers-work A defined benefit transfer has a time window of three months, after which the adviser will need to ask for a new quote, and might be charged for it. Pensions Pension scam rules set to destroy Ssas market News Aggregation Team Thursday, September 21, 2017 12:00 am http://eubankers.net/article/56810/pension-scam-rules-set-to-destroy-ssas-market The new rules require trustees to check their receiving scheme is regulated by the Financial Conduct Authority, or has an active employment link with the individual, or is an authorised master trust. Pensions TPR defends tough stance on scheme returns News Aggregation Team Thursday, September 21, 2017 12:00 am http://eubankers.net/article/56822/tpr-defends-tough-stance-on-scheme-returns A regulator can only operate in an effective way if it has the information from its regulated community. Pensions Time running out for Brexit transition deal, Bank of England warns News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57521/time-running-out-for-brexit-transition-deal-bank-of-england-warns Governor Mark Carney tells MPs without agreement banks will need to move staff and offices from UK from early next year Brexit European Fund Managers May Flee U.K. After Brexit News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57525/european-fund-managers-may-flee-uk-after-brexit We may see this increasing over the coming months. Brexit UBS bankers to vote this week on Brexit moves News Aggregation Team Wednesday, October 18, 2017 12:00 am http://eubankers.net/article/57560/ubs-bankers-to-vote-this-week-on-brexit-moves Survey comes less than a month after Andrea Orcel said he would take staff preferences into account Brexit Uncertainty over Brexit transition 'could put 75,000 City jobs at risk' News Aggregation Team Tuesday, October 17, 2017 12:00 am http://eubankers.net/article/57492/uncertainty-over-brexit-transition-amp039could-put-75000-city-jobs-at-riskamp039 London will lose £10bn in revenue and thousands of jobs if a two-year transition deal is not agreed quickly, says TheCityUK Brexit May Heads to Brussels as Lawmakers Move to Block No-Deal Brexit News Aggregation Team Monday, October 16, 2017 12:00 am http://eubankers.net/article/57458/may-heads-to-brussels-as-lawmakers-move-to-block-no-deal-brexit Previously unannounced visit as crunch EU summit meeting looms Brexit Brexit 'will work out just fine in the end', says £12.5bn fund manager News Aggregation Team Wednesday, October 11, 2017 12:00 am http://eubankers.net/article/57355/brexit-amp039will-work-out-just-fine-in-the-endamp039-says-amppound125bn-fund-manager He is famed for running highly concentrated portfolios, rarely trading, and holding the companies he buys for very long periods Brexit Frankfurt appears to be winning race for relocating banks News Aggregation Team Wednesday, October 11, 2017 12:00 am http://eubankers.net/article/57351/frankfurt-appears-to-be-winning-race-for-relocating-banks Prime office rents have stayed relatively steady in Frankfurt over the past 10 years Brexit EU sets conditions for UK banking hubs post-Brexit News Aggregation Team Tuesday, October 10, 2017 12:00 am http://eubankers.net/article/57290/eu-sets-conditions-for-uk-banking-hubs-post-brexit The guidance will support a smooth relocation process and avoid regulatory competition. Brexit UK companies likely to be favoured in UAE post-Brexit News Aggregation Team Tuesday, October 10, 2017 12:00 am http://eubankers.net/article/57329/uk-companies-likely-to-be-favoured-in-uae-post-brexit Britain’s entrenched position in the UAE gives it a clear advantage over European companies Brexit Swedish challenger bank commits to UK but wants Brexit clarity News Aggregation Team Monday, October 09, 2017 12:00 am http://eubankers.net/article/57258/swedish-challenger-bank-commits-to-uk-but-wants-brexit-clarity Founded 146 years ago, Handelsbanken is the oldest listed company in Sweden. Brexit