People Moves | 22 Aug 12
kleinwort benson makes senior hires
Kleinwort Benson has made two senior appointments to its Guernsey-based banking team.
United Kingdom | 22 Aug 12
end free banking says jersey finances cook
Jersey Finance chief executive Geoff Cook has proposed that the banking industry put an end to so-called free banking services, as part of a seven-point plan he believes would help to “rebuild public trust in banks, while at the same time creating a sustainable banking model.
merrill lynch fined hk3 5m for regulatory failings
Global banking giant Merrill Lynch has been fined HK$3.5m ($450,000, £290,000) by the Hong Kong financial regulator over a fraud committed by one of its former employees.
Tax & Regulation | 22 Aug 12
child spies for hmrc
HM Revenue & Customs has launched a new school module for teachers of teenage children in the UK, which some argue promotes the idea of children spying in their community for tax dodgers.
qe hopes send market higher vol lower
Hopes of more accommodative measures by the US Federal Reserve and the European Central Bank drove equity prices higher and volatility measures lower last week, with emerging market equity funds benefiting from the subsequent jump in risk appetite.