Europe
Swiss ‘spied’ on German officials investigating tax dodgers
A Swiss national arrested in Frankfurt last week for spying on German tax officials allegedly recruited informants inside the country’s largest finance ministry to gather information on tax investigators.
ANALYSIS: Why backing Europe is now a consensus call
Adversity is best tackled face on, and so the big call this year has been to overweight Europe, despite the uncertain geopolitical picture.
Best Practice | 3 May 17
Portugal a ‘dark horse’ for IFAs but avoid France
Advisers looking to set up in Europe should avoid France and consider Portugal, a panel of industry experts said at International Adviser’s London event on Wednesday.
China’s HNA Capital takes top stake in Deutsche Bank
Chinese financial services group HNA has become the biggest shareholder in Deutsche Bank after increasing its stake to just under 10%, overtaking the Qatar royal family and BlackRock.
Best Practice | 2 May 17
MiFid II charge disclosure a ‘show stopper’ for European IFAs
Advisers across Europe underestimate how big an impact MiFid II will have on their businesses when they are required to report charges to clients from 3 January 2018, said OpesFidelio members at its annual conference in Prague.