United Kingdom
United Kingdom | 24 Apr 15
HSBC considers moving HQ outside UK
Banking giant, HSBC, is proposing to move its headquarters outside of the UK following regulatory reforms in the industry introduced after the financial crisis.
Tax & Regulation | 23 Apr 15
Commonwealth Bank ordered to pay advice compensation
Australia’s corporate and financial service regulator ASIC has ordered the Commonwealth Bank to contact up to 2,740 customers and give them A$5,000 for an independent review of their financial position after they received poor advice.
United Kingdom | 23 Apr 15
Deutsche Bank pays 25bn LIBOR fine to regulators
Deutsche Bank has reached a settlement with US and UK regulators to pay more than $2.5bn in fines for LIBOR and EURIBOR failings and misleading authorities.
Woodford’s Patient Capital is UK biggest fund launch
Neil Woodford’s Patient Capital Trust, the second fund from the star manager’s company, is the largest ever UK investment company launch, according to the Association of Investment Companies (AIC).
FCA fines Merrill Lynch Int’l record £13m over transaction reporting failings
The UK’s Financial Conduct Authority has fined Merrill Lynch International more than £13m for transaction reporting failures, the highest penalty of its kind ever recorded.