FCA ‘hampered’ HSBC money laundering prosecution, says report
UK chancellor George Osborne and the Financial Conduct Authority (FCA) intervened in a US investigation that could have seen Europe’s largest lender, HSBC, prosecuted for money laundering, a new report claims.
Axa IM launches smartbeta equity ESG fund
Axa Investment Managers has launched the Axa World Funds Global SmartBeta Equity ESG fund designed to provide a transparent, low cost way to invest responsibly whilst generating long-term returns and reducing risk.
Technology | 12 Jul 16
Just 12% of millennials use financial advisers, says fintech app Bud
Millennials are more likely to turn to robo-advice than a financial adviser for help with their personal finances, new research suggests.
Concept of open-ended property funds is absurd – Seneca
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
Macro Views | 12 Jul 16
Sterling leaps as PM appointment soothes markets
Sterling leapt 1.4% today as markets welcomed the restoration of some stability in British politics following the referendum on European Union membership.