United Kingdom
How investors were fooled by the Carillion mirage
Carillion’s investment story, like other firms before it, ultimately evolved into something that sounded too good to be true. Its collapse on Monday raises many questions, namely, at the stage it was in before entering liquidation, who would have even wanted to own it?
Eight jurisdictions to be dropped from EU tax haven blacklist
The European Union’s finance minister is expected to remove almost half of the jurisdictions, including Panama and the UAE, from the tax haven blacklist next week, in a move that critics may see as a watering down of its tax avoidance campaign.
Alternatives | 16 Jan 18
DeVere launches cryptocurrency app as Bitcoin hits 6-week low
Global independent financial advice firm deVere Group has added a cryptocurrency app to its suite of products to meet “soaring global demand”, despite lingering concerns about the viability and legitimacy of digital currencies.
FCA probes 109 firms connected to British Steel pensions
The Financial Conduct Authority has contacted 109 firms connected to British Steel Pension Scheme (BSPS) transfers and requested further information from 66 of them, the regulator has confirmed.
EU eyes UK offshore financial centres in Brexit talks – report
The European Union will “go after” the UK crown dependencies and overseas territories which were left off its recent tax haven blacklist, according to a UK newspaper.