News
Middle East | news 21 Aug 14
Standard Chartered may face legal challenges
Standard Chartered may face legal action in the United Arab Emirates after the New York Department of Financial Services reached an agreement with the bank on Tuesday for it to exit “high-risk client relationships” within certain business lines in its UAE branches.
North America | news 21 Aug 14
Berkshire Hathaway fined
Berkshire Hathaway has agreed to pay $896,000 in civic penalties following accusations by the Federal Trade Commission that it violated pre-merger reporting laws.
Peter Drake life offices and advisers criticised
An adviser who claims his clients were refused redemptions by LM Investment Management for around three years prior to its collapse, has launched a scathing attack on those he feels are culpable.
United Kingdom | news 21 Aug 14
Guensey finance sector adds less to economy
Guernsey’s financial sector contributed 1.3% less to its gross domestic product in 2013 than in the previous year, according to figures released by the State of Guernsey’s Policy Council yesterday.
Schroder unveils global asset allocation fund
Schroder Investment Management (Hong Kong) has unveiled an asset allocation fund that follows an unconstrained equity investment strategy.