Wealth managers
Economics
The FSA has issued updated guidance on firms' use of distributor-influenced funds (DIFs).
27 February 2012
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Investment
Guinness Asset Management has launched a new share class across its fund range, becoming the latest firm to gear up for RDR with the launch of a ‘clean fee' structure.
20 February 2012
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Economics
The US Treasury today issued updated proposals designed to fight offshore tax evasion.
08 February 2012
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UK
The FSA has begun a formal enforcement investigation into the rogue trade losses revealed by UBS last September.
03 February 2012
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Wealth managers
The FSA has fined Ravi Shankar Sinha, the former CEO of JC Flowers & Co UK, £2.867m for fraudulently obtaining £1.367m for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.
31 January 2012
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Economics
The alleged rogue trader at the heart of a multi-billion pound fraud investigation has pleaded not guilty to two charges of false accounting and two of fraud.
30 January 2012
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Wealth managers
The chief executive of Royal Bank of Scotland Stephen Hester has bowed to mounting public anger and agreed to give up a £1m bonus.
30 January 2012
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UK
Royal Bank of Scotland (RBS) boss Stephen Hester is being urged to turn down a £963,000 bonus in shares awarded to him by the bank.
27 January 2012
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UK
The Bank of England has proposed setting up an internal oversight committee to monitor and assess the processes employed in making financial stability policy decisions.
17 January 2012
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