Europe
fugitive former ubs exec arrested in Italy
A former UBS executive wanted by the US government for assisting Americans to evade tax has been arrested by Italian police.
us war on tax evasion claims another swiss
A private bank based in Zurich and founded just 13 years ago has become the second Swiss bank to close in the wake of US efforts to crack down on the use of such institutions by American taxpayers.
equity and bond fund ucits sales hit
Equity fund net sales fell sharply to 2bn in August, compared to 14bn a month earlier, while bond funds saw net outflows of 7bn against inflows of 6bn in July.
kames capital launches in spain and
Kames Capital, part of the Aegon Group of companies, has entered the Spanish market for the first time with the launch of two of its fixed income funds.
julius baer opens eighth german office
Julius Baer has opened an office in Mannheim, Germany, its eighth in the country.