North America
Julius Baer’s US tax evasion charges dismissed
In 2016, the Swiss bank agreed to pay $547m and settle tax evasion allegations
Time needed to assess multi-asset funds after poor 2018
Natixis IM survey found the strategy fell short and failed to diversify, adding to portfolio losses
MetLife takes $210m hit over failed pension payments
Insurer fined nearly $20m for not paying more than 13,000 people over 25 years
US firm fined $1bn for running a Ponzi scheme
Emergency action filed by US regulator after 8,500 retail investors were defrauded
Australian regulators in gifts and hospitality scandal
Asic received presents from companies that, at the time, were subject to investigations

