Credit Suisse bosses pay cut by 25 per cent
Directors at the Swiss banking giant Credit Suisse have taken a voluntary 25% pay cut to reflect a $2.6bn (£1.7bn, 2.3bn) fine from the US regulator last year after it helped American citizens evade tax.
investec fund mgt shifts
Investec Asset Management has announced a catalogue of fund management changes stemming from the appointment of Richard Garland as managing director for the firm’s global client group.
Investec to use Hong Kong Shanghai
Investec Asset Management has become one of the first companies to utilise the Shanghai-Hong Kong Stock Connect scheme within a Luxembourg domiciled UCITS fund range.
HMRC attacked over pathetic response to HSBC
The head of HM Revenue & Customs (HMRC) has come under fire for not taking action against UK citizens to prevent the HSBC tax evasion scandal.
Worlds financial assets expand in 2014
The sharp sell off in emerging markets and oil last year was more than offset by rising stock market values in the developed world and growth in the amount of outstanding public debt, according the latest global market survey published by Deutsche Bank.