Investment
US recoups $300m for Malaysia over 1MDB
Money stolen from the citizens of the Asian country is ‘staggering’
European retail investors pay 40% more than institutional
Bloc’s regulator warns of lower returns for individuals across asset classes
Financial advice group to set up DFM operation
Firm also launches managed portfolio service via the Zurich intermediary platform
Third ever unexplained wealth order quashed in UK
But National Crime Agency intends to appeal the decision
HSBC rolls out enhanced portfolio service in Asia
To offer wealthy clients similar tools to the ones used by institutional investors