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.
Cypriot banks to face courts over
Judicare is gearing up to take action against Cypriot banks next month over allegations that they mis-sold loans to around 200 UK investors in order to support their failed property investments in the country.
IA toughens stance on disclosure
The UK’s Investment Association has proposed tougher standards of disclosure and transparency across investment and pension products.
Canada Life acquires Legal General Intl
Canada Life Group is to purchase Legal & General International to complement its existing offshore businesses in both the Isle of Man and Dublin.
Hong Kong waives stamp duty on ETFs
Hong Kong Exchanges and Clearing will waive stamp duty on all exchange-traded funds listed in Hong Kong from 13 February to promote the development of the ETF market.