Companies
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.
UBS investigated over US tax evasion
UBS has today confirmed it is involved in a fresh investigation by American authorities after it allegedly sold products to help US citizens evade tax.
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.
Baillie Gifford creates sterling class for
Edinburgh-headquartered firm, Baillie Gifford, has established a sterling hedged share class for its Worldwide Japanese Fund to counteract fluctuations in the price of the yen versus sterling.