Europe
bnp paribas fined a record nine bn
BNP Paribas was hit with a record $8.97bn (£5.2bn, 6.5bn) fine last night for violating US sanctions between 2004 and 2012.
blackrock plan to hard close two strategies
BlackRock has announced a plan to hard close two of its European credit strategies funds, when they hit specific fund size limits.
IFAs face limited product choice in Europe
Advisers in Europe are being forced to offer clients a limited choice of products because many life companies have exited the region to seek more profitable and less heavily regulated markets further east.
Cyprus banks register charges on Brits homes
A company representing a group of at least 250 Britons who invested in property in Cyprus and who are now being pursued over loans they cannot afford, is warning that the Cypriot banks are stepping up their activity.
hsbc sells swiss assets to liechtenstein bank lgt
HSBC is selling a portfolio of its Swiss private banking assets to Liechtenstein bank LGT Group Foundation.