Companies
Ashmore’s AUM hits $70bn as investors clamour for EM
Ashmore continued to benefit from high investor demand for emerging markets products, recording close to $8bn (£5.7bn, €6.5bn) in net inflows over the first half of the year.
Credit Suisse fined in Hong Kong
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
Ailing Samsung chairman accused of $7.5m tax evasion
The chairman of South Korean tech giant Samsung has been named by local police as a suspect in an KRW8.2bn (£5.4bn, $7.5bn, €6.1bn) tax evasion case despite having been in hospital since suffering a heart attack in 2014.
Best Practice | 7 Feb 18
Jersey regulator disappointed with suitability review outcome
A host of failings have been flagged up during the Jersey Financial Services Commission’s (JFSC) review of 10 locally-based firms and the suitability of the investments they recommend.
Hargreaves suffers from FTSE 100 slump as assets hit £86bn
Hargreaves Lansdown was swept up in the FTSE 100 sell-off on Tuesday, despite posting a strong set of first half results, including £3.34bn ($4.66bn, €3.76bn) of net new business.