International Finance

Tag : London

Banking

Location, location, location: Why the HSBC headquarters stayed in London

Moving to a more economically dynamic Hong Kong would subject it to China’s not-yet-ready-for-prime-time economic institutions Richard S. Grossman March 27, 2017: In February this year, HSBC, one of the world’s largest banks, decided not to move its headquarters from London to Hong Kong. The revelation that a company is staying put is usually not...
Wealth Management

Survey: Investors see positive changes to AIM

But companies need to ensure that they stay on top of their game March 15, 2017: Small and mid-cap fund managers believe the London Stock Exchange’s AIM market has developed into a genuine alternative to the Main Market, according to a survey. Some large growth companies, typically with a market capitalisation of over £500m, have...
Wealth Management

Greater interest in savings and investment products

UK private banking and wealth management sector calls for ‘a measured and appropriate regulatory regime’ to ensure London remains a global centre of excellence February 2, 2017: The Private Banking and Wealth Management (PBWM) industry has experienced significant growth in assets in recent years, boosting broader UK economic growth and helping individuals and families plan...
Banking

Deutsche Bank fined for laundering $10 billion for Russians

The German bank has been hit with a $629 million penalty in the US and UK IFM Correspondent February 1, 2017: Germany’s Deutsche Bank has been hit with a $629 million penalty in the US and UK over a $10 billion money laundering scheme that involved its branches in Moscow, New York and London. The...