United Kingdom | 27 Mar 12
state street gets deposit taking licence in jersey
State Street Corporation, the New York-listed financial services provider, has been granted a deposit-taking banking licence by the Jersey Financial Services Commission, making it the first Boston-headquartered bank to hold such a licence there.
Tax & Technical | 27 Mar 12
offshore bond analysis skandia
The Finance Bill 2012 has seen the removal of the opportunity to offset deemed gain tax credits for non UK tax residents investing in highly personalised offshore portfolio bonds.
singapore regulator unveils review of industry
The Monetary Authority of Singapore has stunned the country’s advisory and insurance industries by announcing a major review that is seen as potentially changing the way financial advice is given to Singapore residents.
hsbc plans to expand Sicav with Indian bond fund
HSBC Global Asset Management is planning to launch a fixed income fund targeting bonds in India.
Tax & Regulation | 26 Mar 12
fsa fines coutts for serious and systemic
Coutts has been fined £8.75m by the Financial Services Authority for anti-money laundering control failings, which the regulator termed “serious, systemic and allowed to persist for almost three years”.