United Kingdom
Investment | 17 Mar 17
Nicaraguan bamboo fund shut down by IoM high court
An Isle of Man-based fund that convinced 189 people to invest $61m (£49.6m, €56.8m) in bamboo plantations in Nicaragua by promising returns of up to 500% was wound up by order of the Isle of Man high court on Thursday.
Bob Diamond joins forces with Qatari bank for London comeback
Former Barclays chief executive Bob Diamond has teamed up with a Qatari investment bank to buy one of London’s oldest stockbroking firms Panmure Gordon.
Tax & Regulation | 16 Mar 17
HMRC tax avoidance case against Rangers football club ends
HM Revenue & Customs’ seven-year pursuit of Rangers Football Club for aiding and abetting tax avoidance ended on Thursday after two days at the UK supreme court, with a judgment expected within three to six months.
Best Practice | 16 Mar 17
Bankers need ‘flexible ethics’ to progress
One in eight bankers say it is difficult to progress in their careers without ‘flexible ethical standards’ and sometimes feel it is necessary to ‘bend the rules’, a review by the UK’s Banking Standards Board (BSB) has found.
Tax & Regulation | 15 Mar 17
UK supreme court rules against inheritance challenge
An estranged daughter has lost a supreme court bid to overturn her mother’s will, which excluded her only child and left her £0.5m ($0.6m, €0.57m) estate to three animal charities, in a decision that leaves things “slightly confused”, says Old Mutual Wealth’s Rachael Griffin.