Industry Financial News

12.10 / 13:27

goldman sachs Money laundering companies Lawsuit industry settlement Goldman Sachs sues Malaysia over 1MDB scandal settlement - reports

In 2020, Goldman Sachs agreed to pay the Malaysian government $2.5bn in settlement for its involvement in the multibillion-dollar embezzlement scheme.

03.10 / 15:17

US International Monetary Fund industry rights IMF chief supports giving China greater voting rights

Currently China’s quota is less than Japan’s, despite its larger share of global gross domestic product.

28.09 / 14:59

UK government industry ESG net zero Robeco 'Misguided': Jupiter and Robeco join £1.5trn investor group urging Sunak to stop green delay

Credit: HM Treasury/Flickr CC BY-NC-ND 2.0

27.09 / 16:19

industry People moves Columbia Threadneedle Investment Association Newton IM and M&G Investments chiefs Munro and Pinto join Investment Association board

Newton Investment Management CEO Euan Munro (pictured), who joins the IA board alongside three new directors.

26.09 / 14:31

Lawsuit industry Odey AM Odey Asset Management Sexual assault claims against Crispin Odey head to High Court in first lawsuit

The lawsuit is against Odey himself and Odey AM and the High Court has granted anonymity to the two women.

26.09 / 10:37

economics Bank of England UK Fed industry MPC Bank of England looks to other central banks in forecasting review

Ben Bernanke (pictured) was hired to lead the review into the Bank of England's forecasting models in July 2023.

21.09 / 11:17

companies industry Merger Rathbones Investec W&I Rathbones and Investec W&I complete merger to create £100bn wealth manager

Paul Stockton (pictured) is CEO of Rathbones.

21.09 / 11:17

fees Fitch retail companies industry investment managers Fitch Ratings: Investment managers with mass retail focus suffer weaker flows

Pressure has remained on fees as competition increases, regulation tightens and value for money assessment require firms to demonstrate their prices are fair.

21.09 / 07:47

UK industry Trader Tom Hayes files appeal to overturn LIBOR rigging conviction

Hayes was referred to the Court of Appeal in July for his conviction after a “wide-ranging and complex" investigation by the Criminal Cases Review Commission.

20.09 / 11:01

industry financial conduct authority Odey AM Odey Asset Management reports Crispin Odey accused of urging woman to downplay sexual misconduct to regulator - reports

This is the first time Crispin Odey (pictured) has admitted to sexual misconduct.

19.09 / 15:15

European Union industry ESG Investment Association SFDR Investment Association calls on EU policymakers to prioritise review of SFDR rules

The IA represents 250 investment management firms, which manage €3.2trn on behalf of European clients | Credit: iStock

18.09 / 14:47

economics Federal Reserve industry Us Treasury hedge funds Financial Stability Board Central bank body warns hedge fund bets risk dislocating US Treasury market

According to the BIS, leveraged funds have built up net short positions in US Treasury future of around $600m in recent months.

18.09 / 11:43

UBS companies industry Credit Suisse FINMA Group of Credit Suisse bondholders plan lawsuit against Swiss government

The suit could be filed by the end of the year but is not certain to proceed, people familiar with the discussions told the FT.

15.09 / 07:33

industry Winterflood Brian Winterflood's family to hold memorial for City veteran

Brain Winterflood (pictured) started his career in 1953 as a messenger for stockbrokers Greener Dreyfus & Co.

14.09 / 11:09

education industry private markets CFA CFA Institute launches private markets and alternatives programme

'The development of the Private Markets and Alternative Investments certificate acknowledges both this increasingly important investment specialism and the changing demands of candidates looking to develop as they pursue a successful career in the alternatives industry.'

05.09 / 15:31

industry Investment trusts Real estate stock exchange IPSX to wind down operations

IPSX had just three companies listed, including Mailbox REIT, which was the first to list on the exchange in May 2021, M7 Regional E-Warehouse REIT and BWP REIT.

16.08 / 11:05

companies industry financial conduct authority Lansdowne Partners completes acquisition of CRUX Asset Management

Brian Heyworth, co-managing partner at Lansdowne Partners said the acquisition of CRUX has “significantly strengthened” the firm's UCITS offering.

14.08 / 12:23

Bloomberg industry funds Odey Asset Management Odey AM in talks to transfer Freddie Neave to Landseer Asset Management

The funds run by portfolio managers including Adrian Courtenay, James Hanbury and Oliver Kelton are also being rehoused as part of the restructuring.

07.08 / 14:52

Banks UK US industry PRA reports capital rules Bank of England faces calls to delay new global banking capital rules - reports

The PRA reportedly indicated privately earlier this year that it would be “open” to aligning with the US if it opted to delay the implementation date.

03.08 / 16:01

UK companies industry FCA Link Fund Solutions sale edges closer to completion after key condition satisfied

The deal, first announced in April, is expected to be completed in October.

27.07 / 08:25

HSBC industry Barclays FCA NatWest Treasury minister meets banking bosses while welcoming NatWest resignation

Andrew Griffith (pictured) is the economic secretary to the Treasury.