Europe
Barclays and Deutsche continue non-core business sell-off
Barclays has completed the sale of its Italian retail banking network, while Deutsche Bank is to sell its subsidiary in Argentina, as the banks continue to rationalise their footprints and business strategies.
Multi-asset funds outnumber bond funds – Lipper
There are now for the first time more multi-asset funds than bond funds for sale in Europe, according to statistics released by Lipper today.
ESMA sees risks building up for EU securities markets
The European Securities and Markets Authority (ESMA) considers market and credit risk in Europe’s equity and bond markets to be ‘very high’, it said in its latest risk outlook. It noted Brexit may increase risks further along the line.
Liechtenstein approves double tax agreement with the UAE
Liechtenstein has approved a double taxation agreement (DTA) with the United Arab Emirates, as well as Iceland and Andorra.
Canada Life premiums jump 50% amid soaring fund sales
Canada Life’s second quarter premiums rose by more than 50% compared to the previous year due to a surge in the sale of funds, figures from its parent company Great-West Life show.