News
Tax & Regulation | news 20 Jan 17
Beneficial ownership data requests may breach UK legal rights
Requests from HM Revenue & Customs (HMRC) for beneficial ownership information on offshore companies and trusts may conflict with legal professional privilege (LPP), says the Law Society of England and Wales.
North America | news 20 Jan 17
Trump’s treasury pick fails to disclose $100m in assets
Donald Trump’s nominee for treasury secretary, Steven Mnuchin, failed to disclose nearly $100m (£81.3m, €94m) of his assets to the Senate Finance Committee and neglected to mention his role as a director of an investment fund located in the Cayman Islands.
ECB remains in wait-and-see mode as inflation picks up
The European Central Bank (ECB) is keeping its monetary policy unchanged, as ECB-president Mario Draghi expressed confidence that inflation in the Eurozone is “converging to our objective”.
Zurich cuts 240 jobs from UK under restructure plan
Life insurer Zurich is set to cut 240 jobs in the UK as part of its ongoing business restructure.
People Moves | news 20 Jan 17
PEOPLE MOVES: Fidelity Intl, StanChart, US SEC
Fidelity International has named a country head of China, while Standard Chartered in Hong Kong has made a raft of senior appointments following the resignation announcement of the bank’s chief executive. The US Securities and Exchange Commission has confirmed more departures ahead of the presidential inauguration.