News
DBS buys ANZ Asia wealth units, nets $16.5bn in assets
The trend of banks offloading assets continues as Singapore-based DBS acquires ANZ’s WM and retail units in Asia, adding S$23bn ($16.5bn, £13.5bn, €15bn) of wealth assets, which includes S$6bn from high net worth individuals.
Investment | news 28 Oct 16
EEA ‘death bonds’ investors finally receive £49m payout
Investors in the ill-fated EEA Life Settlements Fund received a $49m (£39.6m, €59.8m) payout in October for their shares in the so-called ‘death bonds’.
Alternatives | news 28 Oct 16
Wine fund scores 32% growth in four years
A Malta-listed fund, which invests mainly in fine French wines and top class Scottish whisky, said it has generated a cumulative net return of 32.2% since its inception four years ago.
Technology | news 28 Oct 16
Nutmeg preparing to launch free advice chatbot
Online investment platform Nutmeg has confirmed that it is in the testing stages of launching its automated advice service.
EU agrees to delay Priips until 2018
The European Commission (EC) has decided to delay the introduction of the controversial Priips regulation by one year.