Europe
Equity ETF inflows accelerate to record highs
European-domiciled ETFs saw $11.1bn in net inflows in March, according to Blackrock. That’s an all-time record for the month. ETF investors in other parts of the world also joined the party in great numbers.
Skipton Int’l to launch offshore savings accounts paying 1.6%
Guernsey-headquartered Skipton International is launching a new three-year fixed rate offshore savings account, promising to pay an interest rate of 1.6% gross per annum.
Hong Kong signs data-sharing deal with South Africa and Portugal
Hong Kong has agreed to an automatic exchange of information with South Africa and Portugal amid mounting pressure from the OECD and the European Union.
Standard Life considering Dublin move post-Brexit
Insurance and investment giant Standard Life is considering moving its European hub to Dublin as it prepares for the UK to pull out of the EU single market, the firm’s chairman Gerry Grimstone has said.
Swiss regulator keeps up pressure on UBS in 1MDB investigation
Switzerland’s financial regulator is continuing its money laundering investigation into UBS Group and three other private banks in relation to Malaysian sovereign wealth fund 1MDB.