United Kingdom
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.
Woodford’s Patient Capital is UK biggest fund launch
Neil Woodford’s Patient Capital Trust, the second fund from the star manager’s company, is the largest ever UK investment company launch, according to the Association of Investment Companies (AIC).
United Kingdom | 22 Apr 15
Lloyds Private Banking launches retirement planner
Lloyds Bank has launched a new financial planning tool in the wake of the UK pension reforms to help its private banking clients plan for their retirement.
United Kingdom | 22 Apr 15
Natixis enters South America with Montevideo office
Natixis Global Asset Management has opened its first office in South America as it looks to provide IFAs in Uruguay and Chile with access to its services.
FCA fines Merrill Lynch Int’l record £13m over transaction reporting failings
The UK’s Financial Conduct Authority has fined Merrill Lynch International more than £13m for transaction reporting failures, the highest penalty of its kind ever recorded.