Regions
Unicredit and Santander to merge AM units
Italy’s UniCredit and Banco Santander of Spain have agreed to merge their asset management units in a deal which will create one of Europe’s biggest fund groups.
United Kingdom | 24 Apr 15
HSBC considers moving HQ outside UK
Banking giant, HSBC, is proposing to move its headquarters outside of the UK following regulatory reforms in the industry introduced after the financial crisis.
Tax & Regulation | 23 Apr 15
Commonwealth Bank ordered to pay advice compensation
Australia’s corporate and financial service regulator ASIC has ordered the Commonwealth Bank to contact up to 2,740 customers and give them A$5,000 for an independent review of their financial position after they received poor advice.
Benchmark freedom and EM investing
If the manager is freed from the benchmark, emerging markets offer many opportunities from a stock-picker’s perspective, particularly if headlines are negative, according to Ross Teverson, head of strategy for global emerging markets at Jupiter Asset Management.
United Kingdom | 23 Apr 15
Deutsche Bank pays 25bn LIBOR fine to regulators
Deutsche Bank has reached a settlement with US and UK regulators to pay more than $2.5bn in fines for LIBOR and EURIBOR failings and misleading authorities.