North America | 14 Jul 13
relief as us delays fatca deadline
The US has given non-US financial institutions around the world another six months to prepare to comply with FATCA, pushing the deadline back to 1 July, 2014.
american schoolteacher takes on hks ilas
What began as an arguably unnecessary savings product sold to a 27-year-old kindergarten teacher last year has become a growing public relations nightmare for one of Hong Kong’s largest advisory firms, after the teacher’s boyfriend decided to get involved.
lmim trustee runs up a874000 bill in eight weeks
The trustee of a fund managed by failed Australian asset management company LM Investment Management ran up costs of three-quarters of a million dollars in the nearly eight weeks following its appointment, according to a recent investor update.
swiss national bank chooses singapore
The Swiss National Bank has chosen Singapore as the location for its first overseas branch, and opened an office there earlier this week.
old mutual considers fund cull
Old Mutual has stopped inflows into six offshore funds ahead of their potential closure following a review of underperforming products.