News
Pimco calls for €30bn injection into Italian banks
An equity injection of €30bn to €40bn could revive Italy’s beleaguered banks, according to Pimco’s global head of financial research Philippe Bodereau.
Two senior Pioneer fund managers quit after losing legal battle
Two fixed income managers, who were suspended last week by Pioneer Investments, have resigned after the company took legal action amid claims they were planning to set up a rival firm.
Tax & Regulation | news 12 Dec 16
FCA fines down more than 97% in 2016
The UK’s Financial Conduct Authority (FCA) netted £22.2m ($27.9m, €26.4m) in fines against 23 financial institutions during 2016, a more than 97% drop from last year, reports the Guardian.
Tax & Regulation | news 12 Dec 16
Footballers strike HMRC deal to slash tax bills on image rights
Around 180 football stars are using ‘companies as pension pots’ to save tax on their earnings after their clubs struck a deal with HM Revenue and Customs (HMRC).
RL360° gains Malaysia licence, opens office
RL360° has opened a new branch office in Kuala Lumpur, Malaysia, after it was granted a license by the Labuan Financial Services Authority (LFSA).