Europe
fbme loses cyprus court challenge
The Supreme Court of Cyprus has rejected an application by FBME bank that sought to suspend the sale of the branch’s operations on the island, as reports say EY investigators are continuing to look at money laundering claims made last month by the US Treasury Department.
fbme bank operations taken under control
Management of international bank FBME, which has branches in Cyprus, has been taken over by Tanzanias central bank, according to a statement on the banks website.
IMA criticises inappropriate ESMAs
The UK Investment Management Association (IMA) has criticised ESMA for suggesting that non-UCITS collective investment funds are more complex than UCITS funds in its “inappropriate” consultation on MiFID II.
Platform One joins FEIFA partnership programme
International wrap service provider Platform One has become the latest company to join the partnership programme of the Federation of European Independent Financial Advisers (FEIFA).
Credit Suisse probed by various authorities
Swiss bank Credit Suisse has revealed that it is to join Barclays, UBS and Deutsche Bank in being probed over its alternative trading dark pools.