Europe
French private bank enters UK wealth space
Banque Transatlantique, part of French banking group Crédit Mutuel-CM11, is launching a wealth management business in the UK.
Ronaldo flogs high-risk scheme to 60m Twitter followers
The Portuguese player has bragged to his 59.7 million Twitter followers about a sponsorship agreement he signed with Cyprus-based Exness, a high-risk trading firm which allows investors to risk losing more than 500 times their original stake – many multiples of what some regulators say is appropriate for retail investors, according to a Bloomberg news report.
Best Practice | 21 Sep 17
Steps advisers can take to avoid €20m data breach fine
Financial advisers will have to do a “significant amount of legwork” if they are to comply with new data rules, or face a big fine, according to an expert.
Lux fund body hits back at politicised scrutiny of delegation
Growing scrutiny of European fund managers delegating portfolio management to other EU countries is motivated by “political reasons”, the chairman of the Association of the Luxembourg Fund Industry (Alfi) told International Adviser.
Sentiment to UK worse than after Brexit vote
Investors are less confident about the UK now than they were in the aftermath of the Brexit vote or the UK snap election, according to the latest reading from the Lloyds Private Bank Investor Sentiment Index (LPBIS).